Savings

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 Balance Interest Earned Service Charge Features
Savings Account None Paid Quarterly None
  • Available auto-savings plans
  • Quarterly-paid interest
  • Mobile and online banking (including mobile deposits & transfers)
  • FDIC Insured
Health Savings Account None Paid Monthly $20 opening fee
  • Can only be used to supplement high-deductible health insurance
  • Unlimited transactions
  • Free Debit Card
  • FDIC Insured
  • Tiered tax-free variable interest
Money Market $1,000 Paid Monthly None
  • Tiered variable interest
  • FDIC Insured
  • Available auto-savings plans
  • Mobile and online banking (including mobile deposits & transfers)
Premium Investment Account $25,000 Paid Monthly 5 Free Withdrawals per statement cycle; $15 fee per withdrawal in excess of 5
  • Tiered variable interest
  • FDIC Insured
  • Available auto-savings plans
  • Guaranteed Rate of Return
  • Mobile and online banking (including mobile deposits & transfers)
Certificate of Deposit $1,000 Yes None
  • Terms 3-60 months
  • 10-day grace period (penalties for early withdrawl)
  • FDIC Insured
  • Guaranteed Rate of Return
  • Free online banking
  • Head Start CD option available for people 0-25.
Christmas Club None Paid annually None

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What Is Banking for Life?