Savings & CDs

Money Market

With a Reliabank Money Market Account, you’ll get the benefit of a competitive interest rate with the flexibility to access your money easily.

Open your Money Market Account today for these great benefits:

  • Free Online Banking
  • Free Mobile Banking with the Reliabank App1
  • Competitive interest rate
  • Ability to write up to 6 checks per statement cycle2

1Mobile carrier data and text rates may apply.

2Withdrawals or transfers from a Money Market account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer or by check, debit card, or similar order to third parties are limited to six per monthly statement cycle.

A service charge of $5.00 maintenance fee will be imposed every monthly statement cycle if the average daily balance for the monthly cycle falls below $2,500.00. Please see account terms and conditions at account opening for how we calculate your average daily balance. A service charge of $.15 will be imposed for every debit transaction (withdrawal, check paid, auto transfer or payment out of your account) if the average daily balance for the statement cycle falls below $2,500.00.


 


Savings Accounts

Savings accounts are great for setting aside cash for big purchases or rainy days. And when you link one to a checking account at Reliabank, you can set up scheduled transfers that will help you get to your savings goals even faster.


Rate Chart

Deposit Type Interest Rate APY

Money Market Savings - Daily balances of:
$2,500.00 - 24,999.00 0.05% 0.05%
$25,000.00 - $74,999.00 0.10% 0.10%
$75,000.00 - 199,999.00 0.15% 0.15%
$200,000 and up 0.20% 0.20%

Savings & Super Eagles Club:
Savings 0.10% 0.10%
Super Eagles Club 0.35% 0.35%
     

APY = Annual Percentage Yield
The interest rate and annual percentage yield may change after account opening
Fees could reduce earnings on the account
All interest rates and annual percentage yields are subject to change without notice
Interest rates and annual percentage yields are current as of 1/14/2022.
Minimum opening deposit of $25 for Super Eagles Club
Minimum opening deposit of $50 for personal savings
Minimum opening deposit of $2,500 for Money Market Savings

Transfer the Cents

Build your savings account with every purchase.

Learn More


Super Eagles Club

Super Eagles Club

It's never too early to begin helping prepare for your child or your grandchild's future.

The Super Eagles Club is a great way for children age 12 and under to have fun while developing good saving habits!

Prizes & Privileges

  • Open an account with $25 and receive a gift
  • 0.35% Annual Percentage Yield*

It's Free

  • No monthly service fees associated with this account
  • No minimum balance to maintain

However, we encourage your child to make a habit of saving money on a regular basis. If you wish, we can arrange for monthly transfers to a child's Super Eagles Club account from your checking account.

How to Join

  • Open a Super Eagles Club account with a minimum deposit of $25.
  • A parent's signature is also required along with the child's social security number.

*Rate may change after account opening
*APY accurate as of 12/02/20



IRA Savings

You can take advantage of saving for your retirement through the tax benefits of an IRA. To determine which IRA fits your need, please contact any Reliabank location for more details.

Traditional IRA

A traditional IRA is a personal savings plan that gives you tax advantages for saving for retirement.

  • Contributions to a Traditional IRA may be tax deductible – either in whole or in part
  • Earnings and contributions are not taxed until they are distributed

Roth IRA

A Roth IRA is a personal savings plan but operates somewhat in reverse compared to a Traditional IRA.

  • Contributions are not tax deductible
  • Distributions (including earnings) are not included in income and therefore are tax-free after a five-year waiting period and reaching age 59 1/2.

SEP IRA

SEP IRA stands for Simplified Employee Pension IRA. It's a tax-deferred retirement plan for small business owners. An employer makes deductible contributions directly to each eligible employee's Traditional IRA. Even if you do not employ anyone, you are still eligible to contribute to a SEP IRA.

  • Minimal paperwork and reporting
  • An employer can make discretionary annual contributions
  • Deductible employer contributions are made directly to employees' IRAs


Health Savings Account

A Health Savings Account (HSA) is an account that you can put money into to save for future medical expenses. There are certain advantages to putting money into these accounts, including favorable tax treatment.

To be used in conjunction with a qualified "high deductible health Plan."

Contributions to your HSA can be made by you, your employer, or both. However, the total contributions are limited annually.

For additional information about Health Savings Accounts, please call or visit your nearest Reliabank location.



Certificates of Deposit

CDs offer a safe and secure investment option for your excess funds. We can help you set up the best strategy to keep your funds secure, yet flexible through a variety of time periods and rates.

Continue reading for information on current CD Specials.


Click to read more/less

Contact your local Reliabank to find out our current available rates


CD Specials – Choose your term!

(not available in the online application, please visit with a Reliabank rep)

  • 11 Month CD Special*
    Rate 4.94% APY 5.01%

*Annual Percentage Yield effective as of 01/09/2024 and is subject to change after initial term.
*11-month CD - interest will be paid semi-annually, and will automatically renew at maturity as a 12-month CD at the standard non-promotional APY in effect at that time, and has an early withdrawal penalty of 180-days interest. Fees could reduce earnings on the account. $10,000 minimum initial deposit required. Visit with a Reliabank employee for additional details.

Apply for your CD Account Online Today!

Online Application