Savings
Savings for Life
Savings for Life A piggy bank is good, but a savings account is better.
Whether you’re socking money away for a rainy day, setting money aside for a dream vacation, starting a college fund, preparing for health expenses or saving up for a new boat, a savings account from Oostburg State Bank could be the first step in achieving your financial goals.
We offer a number of savings accounts designed to fit your individual needs.
Current interest rates are available here.
Due to the update of Regulation D by the Federal Reserve Board, Oostburg State Bank will be removing all transfer limitations on our Savings and Money Market accounts. This change is effective immediately.
| Account Types | Minimum Opening/ Daily Balance | Interest Earned | Service Charge | Features |
| Savings Account | None | Paid Quarterly | None |
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| Health Savings Account | $50 | Paid Monthly if account balance stays above $1,000 | $20 opening fee, $10 account closing fee |
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| Money Market Savings | $1,000 | Yes, paid monthly if minimum balance of $1,000 maintained | None |
|
| Premium Investment Account | $25,000/$25,000 | Yes, paid monthly if minimum balance of $25,000 maintained | None |
|
| Certificate of Deposit | $1,000 | Yes | None |
|
| Christmas Club | None | Paid annually if withdrawn after Oct. 31 | None |
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