Account Options

Savings plans are for your future, and all you hope to achieve. They deserve the kind of care and attention that only a local bank can provide. Whether saving for college, a vacation, taxes or retirement, an insured savings account at Bank of Ann Arbor makes good sense.

Our primary savings account features attractive interest rates. The higher your balance, the higher the interest rate on your money.

  • A $500 deposit opens your account
  • No maintenance fee if you maintain a $100 minimum daily balance. Otherwise a $2 maintenance fee is charged each month.
  • Interest is paid on a tiered rate structure. Interest rate and annual percentage yield may change.
  • Statements delivered electronically or by mail.

Open account

You're never too young to start a savings program. A Youth Savings Account is available to anyone under the age of 18.

  • A $10 deposit opens your account.
  • No maintenance fee.
  • Interest is paid on all balances. Interest rate and annual percentage yield may change.
  • Statements delivered electronically or by mail.
  • Maximum of 4 in-person withdrawals per month. Each in-person withdrawal over 4 will be assessed a $2 excess activity fee.

This account is designed for the saver who wants a straightforward account that earns interest.

  • A $100 deposit opens your account.
  • No maintenance fee if you maintain a $100 minimum daily balance. Otherwise a $4 maintenance fee is charged for that month.
  • Interest is paid on balances over $100. Interest rate and annual percentage yield may change.
  • Statements delivered electronically or by mail.
  • Maximum of 4 debit transactions (withdrawal, automatic transfer of payment out of the account) per month. Each debit transaction over 4 will be assessed a $2 excess activity fee.

Open account


Transfers from any Bank of Ann Arbor savings or money market savings account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer or by check, draft, debit card, or similar order to third parties are limited to six per statement cycle.





 
Proud Sponsor of the Sonic Lunch summer concert series since 2008.

Proud Sponsor of the Sonic Lunch summer concert series since 2008