Savings Accounts at Founders Bank & Trust

Founders Bank & Trust Savings Accounts

Building your financial future in today's world requires an intelligent savings plan that provides security, responds to your changing objectives, and rewards you with interest earned. At Founders Bank & Trust, we provide several excellent savings account options for you to choose from. Speak with a local, Grand Rapids based Client Service Representative to see which is the best savings account to help you reach your goals.



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Founders Savings

When you are looking for a basic savings account, the Founders Savings account offers you a safe place for money, with interest rates that will grow along with your balance.

Account Benefits:

  • Tiered rates of interest
  • Interest calculated and compounded monthly
  • Six pre-authorized withdrawals per month

Requirements:

  • $250 minimum deposit to open account
  • $250 minimum monthly balance requirement
  • If monthly balance falls below $250, no interest is paid and monthly service fee is $10


For additional information about the Founders Savings account including current rates, please complete a Contact Us form to have a member of our team answer your questions.

Founders Minor Savings

This account is available to anyone under the age of eighteen, and a great way to save for a future. This account automatically converts to a Founders Savings account after the account holder turns eighteen.

Account Benefits:

  • No minimum monthly balance requirement
  • No monthly fees
  • Interest calculated daily, compounded monthly

Requirements:

  • Must be under the age of eighteen

For additional information about the Founders Minor Savings account including current rates, please complete a Contact Us form to have a member of our team answer your questions.

Founders Money Market

The Founders Money Market account offers a blend of competitive interest rates and deposit accessibility.

Account Benefits:

  • Tiered rates of interest
  • Free checks
  • Six pre-authorized debits per month

Requirements:

  • $2,500 minimum deposit to open account
  • $2,500 minimum monthly balance requirement
  • If minimum balance falls below $2,500, monthly service fee is $20.00


For additional information about the Founders Money Market account including current rates, please complete a Contact Us form to have a member of our team answer your questions

Certificates of Deposit

Whether you are looking for a short-term or long-term investment, boost the earning power of your money with one of our many CD options.

Account Benefits:

  • Flexible maturity dates available*
  • Full-term competitive rates guaranteed
  • Choose to compound your interest, have interest checks mailed or add earnings to another account along with auto-renew at maturity**

Requirements:

  • $500 minimum deposit to open account


*A penalty may be imposed for early withdrawal.
**Auto-renew is not available for CDs in amounts of $100,000 or more.

See our Special Offers page for our Relationship Rate CDs

For additional information about our CD accounts including current rates, please complete a Contact Us form to have a member of our team answer your questions

CDARS

Are you looking for the safety of FDIC insurance on your large deposits? Through our participation in the Certificate of Deposit Account Registry Service® (CDARS®), depositors can enjoy CD interest rates while remaining eligible for FDIC insurance on deposits over $250,000 in cash or other assets up to $50 million.

Through the CDARS program, you will work directly with Founders Bank & Trust to earn one interest rate, and receive one regular statement. Now, you no longer need to run around opening multiple accounts at multiple banks, managing various interest rates, organizing interest disbursements from various sources, or manually consolidating monthly statements. This reduces your administrative burden, especially during tax and financial reporting seasons.

And with CDARS, you can eliminate the need to monitor changing collateral values - another time saving convenience.


Funds may be submitted for placement only after a depositor enters into the CDARS Deposit Placement Agreement by Founders Bank & Trust. The agreement contains important information and conditions regarding the placement of funds by us. Please read the agreement carefully before signing it. CDARS is a registered service mark of Promontory Interfinancial Network, LLC.

For additional information about the CDARS program, please complete a Contact Us form to have a member of our team answer your questions.

 

Health Savings Accounts

Health Savings Accounts (HSAs) are available to individuals or businesses looking for more control over how their healthcare dollars are spent. Money saved in an HSA is used by an individual to pay for qualified medical expenses.

Account Benefits:

  • Tiered rates of interest
  • Free Founders Bank & Trust Debit MasterCard
  • Free Founders Online banking
  • Earnings can be withdrawn tax-free for qualified medical expenses
  • Balances automatically roll over from year to year
  • Unused funds accumulate with tax-free interest until retirement
  • Unlimited Check Writing
  • Free check imaging – available via Founders Online

Account Details

  • $2.00 monthly service fee, waived when you sign up for e-statements

For additional information about Health Savings Accounts including current rates, please complete a Contact Us form to have a member of our team answer your questions.

Intranet | Outlook | Copyright 2007 Founders Bank & Trust - Grand Rapids, MI – Questions or comments, please Contact us at (616) 956-9030.