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Hanover Bank - Savings Accounts
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Savings Accounts

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Category
Deposit Accounts

Hanover Bank offers a variety of savings accounts flexible enough to fit a variety of individual needs — and we can even personalize services. Our savings plans offer the ideal combination: competitive interest rates along with easy access to your funds. Plus, you can enjoy the convenience of free Online Banking to view your information, make payments and transfer funds between accounts and more.

 

Statement Savings

  • $100 minimum required daily balance to open and avoid monthly service charge of $5
  • Interest earned on account balances up to $600,000.99 ¹
  • Can be opened as a Custodian account for a minor
  • Transfer funds between savings and checking with the convenience of Online Banking ²

Custodian Savings

  • $100 minimum required daily balance to open
  • Premium interest rate paid on balance up to $10,000.99³

 

¹ No interest is earned on balances over $600,001.

² Service Agreement required. Account Terms and Conditions apply.

³ Balances at or above $10,001 earn a lower interest rate. See our rate page for more information.

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Please be advised that the views and information expressed on the website you are now entering are not those of Hanover Community Bank.

Please be advised that the views and information expressed on the website you are now entering are not those of Hanover Community Bank.

Please be advised that the views and information expressed on the website you are now entering are not those of Hanover Community Bank.

This Annual Percentage Yield (APY) is accurate as of xx/xx/20xx and is subject to change without notice. Account Terms and Conditions apply. Fees may reduce earnings. Minimum balance required to open and earn the APY is $1,000.  This is a variable rate product and the rate may be changed after the account is opened.

These Annual Percentage Yields (APYs) are effective as of X/XX/20XX and are subject to change without notice. Account Terms and Conditions apply. Fees could reduce earnings.

CDs:  Our Certificate of Deposit interest rates remain fixed until maturity. Minimum balance to open and earn the APY is $500. A penalty may be imposed for withdrawals before maturity.

VIP Personal Money Market: This is a variable rate product and the rate may change at any time after account opening. Minimum balance required to open and earn the APY is $2,500. Account holder is also required to open a Totally Free Checking (TFC) account. TFC account is non-interest bearing and requires a minimum balance of $100 to open.

A+ health rating from depositaccounts.com.  Data as of fourth quarter 2017.

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