Savings Accounts
Category
Deposit AccountsHanover 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 and avoid monthly service charge of $5
- 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. Withdrawal limitations apply. More than six transfers from savings account, per one monthly statement cycle, will incur a fee.
³ Balances at or above $10,001 earn a lower interest rate. See our rate page for more information.