Personal Savings Accounts
Whether you are just starting to save, or have funds you want to invest, we have a savings account that's right for you.
Orrstown Bank offers solution to meet your needs, including accounts that offer competitive interest rates on your hard-earned money and accounts you can use to pay for health care.
Savings accounts help you save toward a goal. They let you keep savings separate from the funds you use for everyday purchases in your checking account. When you put money aside for a specific purpose, you can increase your motivation to make it grow. Try our savings calculator to hep define your goals.
At Orrstown Bank, we want to help you find the right place for your dollars. Find out if a money market vs traditional savings account is right for you based on the account features below.
Compare Savings Accounts
| Essential Savings | Momentum Savings | Relationship Money Market | Preferred Money Market | IRA Money Market | Health Savings Account | |
|---|---|---|---|---|---|---|
| Tax-Advantaged Savings 1 |  |
 |
 |
|
 |
|
| Minimum Balance to open account | $25 | $1 | $500 | $500 | $0 | $0 |
| Monthly Service Fee |
$5
(Waived if qualifiers are met)
|
$0
|
$15
(Waived if qualifiers are met)
|
$12
(Waived if qualifiers are met)
|
$5
(Waived if qualifiers are met)
|
$5
(Waived if qualifiers are met)
|
| Average Daily Minimum Balance Requirement | $250 |
$100
after 12-month grace period
|
$10,000 | $2,500 | $500 |
$250
after 12-month grace period
|
| Paper Statement Fee |
e-Statement enrollment required to avoid a $2 monthly paper statement fee Fee waived when primary account owner is 18 and under |
e-Statement enrollment required to avoid a $2 monthly paper statement fee |
e-Statement enrollment required to avoid a $2 monthly paper statement fee |
$2,500 minimum balance maintained OR e-Statement enrollment required to avoid a $2 monthly paper statement fee |
e-Statement enrollment required to avoid a $2 monthly paper statement fee | e-Statement enrollment required to avoid a $2 monthly paper statement fee |
| Earns Interest |
 |
|
|
|
|
|
|
FDIC
Insured 2
|
|
 |
 |
|
 |
|
|
Access Funds via Debit
Card 3
|
if combined with an Orrstown Bank checking or money market
|
if combined with an Orrstown Bank checking or money market
|
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|
 |
and checks
|
| Qualifiers |
Monthly Service Charge: $5 if Average Daily Minimum Balance requirement not maintained during the statement cycle No minimum balance or statement fee when under age 18 Overdraft Protection Sweep Fee: $10 per sweep occurrence |
Maintain a $100 minimum balance4 after the first year.
Paper Statement Fee to be assessed when $100 isn’t maintained and account is over 1 year old Overdraft Protection Sweep Fee: $10 per sweep occurrence Must maintain a Momentum Checking Account unless primary account owner is under 18 |
Monthly Service Charge: $15 if Average Daily Collected Balance requirement not maintained during the statement cycle Overdraft Protection Sweep Fee: $10 per sweep occurrence $10 fee per transaction in excess of 6 transactions per month |
Monthly Service Charge: $12 if Average Daily Minimum Balance requirement not maintained during the statement cycle |
Monthly Service Charge: $5 if Average Daily Minimum Balance requirement not maintained during the statement cycle |
Maintain a $250 minimum balance4 after the first year. Monthly Service Charge: $5 if Average Daily Minimum Balance requirement not maintained during the statement cycle Must have high-deductible insurance plan All transactions must be for qualified healthcare expenses per HSA guidelines. Client is responsible for determining what is an eligible healthcare expense. Access funds via debit card and checks |
| Essential Savings | Momentum Savings | Relationship Money Market | Preferred Money Market | IRA Money Market | Health Savings Account | |
| Get Started >> | Get Started >> |
Get Started >> | Get Started >> | Get Started >> |
Get Started >> |
Every Orrstown Savings Account Offers These Features: 5
 Bank anytime & anywhere with Online Banking and Mobile Banking. See FAQs |
 Transfer money between Orrstown accounts and your accounts at other US banks. |
 Deposit checks on an iPhone, iPad or with an Android phone. See FAQs |
 Setup alerts on checking activities (like deposits and payments). |
 Pay your bills online with our free billpay service. |
|
1 Consult your personal tax advisor about tax benefits applicable to Health Savings Accounts and IRAs.
2 FDIC insured up to the maximum permitted by law.
3 Transaction limits may apply, Please see your account terms and conditions.
4 Calculated on average daily balance.
5 Certain features require enrollment and your account in good standing; fees may apply. Please see your account terms and conditions.
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How to Open a Savings Account
Are you interested in opening a personal savings account in central Pennsylvania or Maryland? We make the process straightforward. You can open an account by visiting one of our physical locations throughout Pennsylvania or Maryland, and our associates can walk you through the signup. You will need to provide some information to open the account, including:
- Your full name, address and phone number.
- Your Social Security number.
- Government-issued identification, such as a passport or driver's license.
We can discuss which account matches your goals best and how to make a successful savings plan when you stop by our office. Once we have verified your information, opening a savings account takes only a few minutes. You can request a debit card depending on which savings account you sign up for.
When you open an Orrstown Bank savings account, you can reach your goals faster and protect the money you want to save. Separating your savings from your spending money allows you to save more effectively. Orrstown Bank has all the solutions and financial resources you need, and we can answer any questions you have when you come in to open your account.
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