Savings & Money Market Accounts

Whether you are saving for college, retirement, or anything in between; we have several savings options available to meet all the needs of our customers.

It's Easy to Qualify!

Qualifying for your QRewards Cash Back or QRewards Plus rewards automatically qualifies you for the highest QRewards Savings rate. Simply do the following activities and transactions in your QRewards Cash Back or QRewards Plus account each monthly qualification cycle:

• Have at least 1 direct deposit or ACH payment transaction(s)
• Have at least 12 debit card purchases post and settle
• Be enrolled in and agree to receive eStatements rather than paper statements

It's no problem if you don't meet the qualifications one month. Both accounts are still free and you still earn our base interest rate in your QRewards Savings account. And you can get back to earning rewards the very next cycle. 

Open Now

A QRewards Savings account must be paired with either a QRewards Cash Back or a QRewards Plus checking account. Please select the option below that describes your account opening preference:

QRewards Cash Back Options:

• I would like to open a QRewards Savings account and pair it with a QRewards Cash Back account. 
• I have a QRewards Cash Back account and want to add the QRewards Savings account.

QRewards Plus Options:

• I would like to open a QRewards Savings account and pair it with a QRewards Plus account.
• I have a QRewards Plus account and want to add the QRewards Savings account. 

*Click on the Learn More button below for full details.
  Open Now Learn More

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Regular Savings Account

A Regular Savings account is an ideal account for those who are looking to start saving today!

Summary

• No minimum balance requirement
• No monthly service fee
• Free online banking & bill pay
• Free mobile banking
• Free eStatements
• Quarterly statement unless an electronic transaction occurred, then a monthly statement is sent
• $20 minimum deposit to open
• Interest is compounded and credited quarterly
• Limit ten (10) debit transactions per calendar month/statement cycle to avoid excessive withdrawal service fee

Open Now

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  Savings Club Account

  A Savings Club account is an interest bearing service charge free savings account. The account reaches maturity the first week of October each year and is paid to the customer via check or direct deposit depending on the payment option selected by the customer.
   

  Summary

  • No minimum balance requirement
  • No monthly service fee
  • Free online banking
  • Free mobile banking
  • $10 minimum deposit to open
  • Interest is credited annually
  • Withdrawals are not permitted on Savings Club accounts*

  Interested in opening a Savings Club account? Visit any one of our nine branch locations today! 
  *Closing a Savings Club account early – if a customer wishes to close their savings club prior to maturity, any accrued interest is forfeited and an early withdrawal penalty fee of 1% of the principal balance or $25 (whichever is greater) will be assessed.

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  Tiered Money Market Account

  Our Tiered Money Market account offers tiered interest rates based on balance. 

  Money Market Savings Summary

  • $5 monthly service fee
  • Minimum daily balance of $2500 to avoid monthly service fee
  • Free online banking & bill pay
  • Free mobile banking
  • Free eStatements
  • $2500 minimum deposit to open
  • Interest is compounded and credited monthly
  • Limit six (6) debit transactions per calendar month/statement cycle to avoid excessive withdrawal service fee

  Premier Money Market Savings Summary

  • $25 monthly service fee
  • Minimum daily balance of $25,000.00 required to avoid monthly service fee
  • Free Online Banking & bill pay
  • Free Mobile Banking
  • Free eStatements
  • $25,000 minimum deposit to open 
  • Interest is compounded and credited monthly
  • Limit three (3) debit transactions per calendar month/statement cycle to avoid excessive withdrawal service fee

  Interested in opening a Money Market account? Visit any one of our nine branch locations today! 

  Make the Switch

  Are you interested in switching your accounts to Queenstown Bank but you're not sure how to get started? Use our Switch Kit to help you get started today!
  Switch Kit