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
  • Available auto-savings plans
  • Quarterly-paid interest
  • Mobile and online banking (including mobile deposits & transfers)
  • FDIC Insured
Health Savings Account $50 Paid Monthly if account balance stays above $1,000 $20 opening fee, $10 account closing fee
  • Can only be used to supplement high-deductible health insurance
  • Unlimited transactions
  • Free Debit Card
  • FDIC Insured
  • Tiered tax-free variable interest paid monthly
    • $1,000-$9,999
    • $10,000-$19,999
    • $20,000+
Money Market Savings $1,000 Yes, paid monthly if minimum balance of $1,000 maintained None
  • Tiered variable interest > $10,000
  • FDIC Insured
  • Available auto-savings plans
  • Mobile and online banking (including mobile deposits & transfers)
Premium Investment Account $25,000/$25,000 Yes, paid monthly if minimum balance of $25,000 maintained None
  • Tiered variable interest > $25,000 – $250,000
  • 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Christmas Club None Paid annually if withdrawn after Oct. 31 None

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