YOU'RE on your way –
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 has a solution for everything you need, including accounts that offer great 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.
At Orrstown Bank, we want to help you find the right place for your dollars. Access your savings account easily and perform electronic withdrawals for a convenient way to save.
All Purpose Club Savings Account
Save money throughout the year for a big ticket item or holiday shopping.
Personal Premium Money Market Account
You want a flexible way to save with a higher interest rate.
Health Savings Account
You want tax-advantaged savings to pay for qualified health care expenses.
Compare Savings Accounts
| Statement Savings Account |
All Purpose Club Savings Account | Personal Premium Money Market |
Health Savings Account |
|
|---|---|---|---|---|
| Tax-Advantaged Savings 1 |  |
 |
 |
 |
| Minimum Balance to open account | None | None | None | None |
| Monthly Service Fee |
$5
(Waived if qualifiers are met)
|
None
($20 early withdrawal fee)
|
$10
(Waived if qualifiers are met)
|
$5
(Waived if qualifiers are met)
|
| Earns Interest |  View all rates |
 View all rates |
 View all rates |
 View all rates |
| FDIC Insured 2 |
|
|
|
|
| Debit Card / ATM Card 3 | ATM Card |  |
Debit Card | Debit Card |
| Ability to Write Checks 3 | |
|
 |
|
| Electronic Withdrawals 3 | |
|
|
|
| Unlimited Deposits and In-Branch Withdrawals | |
$20 fee for early withdrawal of funds | |
|
| Qualifiers | Maintain a $250 minimum balance4. |
An automatic funds transfer from an Orrstown deposit account.
At maturity funds are transferred into the original funding account and account is renewed for another 12 months.
|
Maintain a $2,500 minimum balance4
OR
Maintain a Relationship Premier Checking Account
|
Maintain a $500 minimum balance4 after the first year.
Account holder must have a high deductible insurance plan. Funds can only be used on qualified medical or dental products, services, or procedures.
|
| Statement Savings Account |
All Purpose Club Savings Account | Personal Premium Money Market |
Health Savings Account |
|
| Open An Account >> | Get Started >> |
Open An Account >> | 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). |
 Orrstown Bank’s online card management program is like a remote control for your debit card. |
 Debit Card for all your everyday purchases. |
 Pay your bills online with our free billpay service. |
|
1 Consult your personal tax advisor about tax benefits applicable to Health Savings Accounts.
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.
|
How Does a Savings Account Work?
A personal savings account functions as a place to hold the money you want to set aside for future use. It offers a way to save up for larger expenses, such as a vacation or medical procedure. Your savings can also provide a cushion if something unexpected happens. Additionally, savings accounts can allow you to earn a higher interest rate than checking accounts.
When you choose a local bank for your savings account, you can work with a team that understands your needs. We are part of this community, and we care about helping it thrive. You'll see the difference between working with a local bank versus a national one. Our executives and employees live here and embrace the opportunity to help our neighbors with their personal and business finances.
Savings Account Interest Rates
Interest rates for your savings account vary based on the type of account you open. We have four types of savings accounts:
- Statement Savings Account
- All Purpose Club Savings Account
- Personal Premium Money Market Account
- Health Savings Account
The amount you put in your savings account may also impact your interest rate.
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.
- Identification, such as a passport or driver's license.
We can discuss which account matches your goals best when you stop by our office. Once we have verified your information, opening the account takes only a few minutes. You can request an ATM or debit card depending on which savings account you sign up for. You may also qualify for unlimited deposits and in-branch withdrawals.
When you open a personal 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 you need, and we can answer any questions you have when you come in to open your account.
