It’s no secret that the traditional savings accounts aren’t as popular as they used to be. With all the different options out there, people are even starting to question whether a savings account is really the best way to save money. At Heritage Bank NA, while we still offer a traditional savings account, we have some great alternatives, and we want to help you find the right solution that is best for you. So, if you’re wondering if the traditional savings account is dead, don’t worry – at Heritage Bank NA, we’ve got you covered!
It used to be that if you wanted to save money, you opened a traditional savings account. But now, with the advent of our Heritage Bank’s eCentive Elite and Jumbo Deposit Accounts, that’s no longer your only option! These two accounts offer great features and benefits, including rates that are better than traditional savings accounts, that may make them a better choice for you. Let’s take a closer look at some options that might be right for you.
An interest-bearing checking account can be a great way to consolidate your checking and savings. The eCentive Elite Account can do just that. Get easy access to your money with a provided debit card and great digital banking options. Qualified account holders can earn our highest interest for a checking account on your deposited funds, and because it’s a checking account, you can make withdrawals anytime without penalty. Plus, there’s no minimum balance required.
On the other hand, the Jumbo Deposit Account is a savings account that offers a higher interest rate on larger deposited balances. This account simplifies your savings, even if your balance fluctuates. It offers additional options as your balance grows to ensure that your funds are FDIC insured. With our digital banking options, you can easily move funds into other Heritage Bank NA accounts.
So, which account is right for you? That depends on your savings goals and needs. No, the traditional savings account isn’t dead. But, if you’re looking to consolidate, with easy access to your money, the eCentive Elite account might be the better choice. If you have a large sum of money to save and want to earn interest to fund your next vacation, home improvement project, or a new car, the Jumbo Deposit Account is another great option. Whatever you decide, both account options are great alternatives to the traditional savings account.
If you have questions about which account is right for you, please call us at 1-800-344-7048 to discuss deposit options with a Heritage Bank team member.