Personal Savings

Overview
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The right savings account is the first step to being rainy-day-ready.

Everyday SAvings

Features

Open with $100 deposit
No monthly maintenance fee with a minimum daily balance of $100¹
Two withdrawals per statement cycle at no charge; $3 for each additional withdrawal

High Yield Savings

Features

Open with $500 deposit
Premium 0.55% APY on balances up to $10,000. Balances greater than $10,000 earn 0.15% APY¹.
A companion account for North State Bank customers, this account is only available to those who have an active checking account or loan (loan balance must equal or exceed $15,000)

Money Market

Features

Open with $1,000 deposit
Tiered interest rates based on account balance
Six withdrawals per statement cycle at no charge; $5 for each additional withdrawal
No monthly maintenance fee with a $1,000 minimum daily balance

certificate of deposit (CD)

Features

Open with $500 deposit
Interest rates based on account balance and term

Individual retirement account (ira)

FEATURES

Open with $500 deposit
Interest rates based on balance and term
Choose from Traditional, Roth and Education IRAs. Depending on the account type, an IRA can provide either tax-deferred or tax-free savings at a competitive interest rate.

Insured cash sweep

With an Insured Cash Sweep (ICS®) account, you can access up to $50 million in FDIC protection through your banking relationship with North State Bank.

The right savings account is the first step to being rainy-day-ready.

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Features	Everyday Savings	High Yield Savings¹	Money Market	certificate of deposit (cd)	individual retirement account (ira)	Insured Cash Sweep (ICS)
Minimum Opening Deposit and Balance Requirement to Avoid Monthly Fee	$100²	$500	$1,000	$500	$500	N/A
Interest (Compounded daily, paid and reported per statement cycle)		Premium 0.55% APY on balances up to $10,000³ (Balances >$10,000 earn 0.15% APY)	Tiered based on account balance	Based on account balance and term	Based on account balance and term	Accrued and compounded daily using a daily rate based on balance
Monthly Maintenance Fee	$0 or $4⁴	$0 or $6⁴	$0 or $10⁴	_	_	-
Number of Withdrawals Per Statement Cycle at No Charge	2	2	6	_	_	6 for savings and money markets
Fees for Excess Withdrawals	$3	$3	$5	Penalties may apply	Penalties may apply	-
Electronic or Paper Statement at No Charge		Electronic statement at no charge; paper available for a $3 per statement		Paper maturity and renewal notices provided	Paper only

¹ A companion account for North State Bank customers, this account is only available to those who have an active checking account or loan (loan balance must equal or exceed $15,000).

² No monthly fee and a minimum deposit of $25 for account holders 26 years and younger and 55 years and older.

³ Annual percentage yield. APY available as of August 1, 2022, and is subject to change without notice. For balances greater than $10,000, a blended APY calculation will be reflected on your statement.

⁴ Monthly maintenance fee waived when minimum account balance requirement is met.