Key Features

  • Interest Bearing Savings Account
  • Free ATM Withdrawls
  • Online & Mobile Banking

Statement Savings

A Savings Account built to ensure positive savings growth; no matter how modest your starting balance may be.

  • $20 Minimum Opening Deposit
  • $3 Monthly Service Charge
  • Minimum Balance Required of $20 to avoid service charge and $200 to earn interest
  • FREE ATM Withdrawals at any Severn Bank ATM or 55,000 ALLPOINT™ Network ATMs worldwide
  • FREE Online Banking
  • FREE Telephone Banking
  • Interest bearing savings account. Click here for Rate details
  • Requires an average monthly balance of $20 to avoid a $3 monthly services charge. Requires an average monthly balance of $200 to earn interest. Interest is compounded daily and credited at the end of each month. You will not be required to maintain a minimum balance if you are between the age of 1 month to 21 years of age or 55 years of age and older. Click here for more information.
Posted on