Whether it’s a vacation or an unplanned expense—pay for what you need today without incurring debt for tomorrow.
Statement Savings
Stash your funds and earn interest.
Statement Savings is a good option to start growing your money by earning interest.
Key Features
What are the Benefits of a Statement Savings Account?
This type of personal savings account is suited for a variety of needs and age groups.
- FDIC-insured: Safe place to deposit your money with funds insured up to $250,000.
- Competitive Interest Rate: Grow your savings faster with a competitive rate of return.
- No Monthly Fees: Quarterly fee is waived for accountholders under age 18 or with a $100 minimum daily balance.
- Digital Banking Tools: Access your account online and in our mobile app. View transactions and balance, transfer funds, deposit checks, chat with a Customer Care rep, and more.
Requirements of a Statement Savings Account
Learn what is needed to open and maintain a statement savings account.
- $100 minimum deposit to open
- Waive the $5 quarterly fee:
- Under age 18, or
- Maintain a minimum daily balance of $100
Open A Statement Savings Account
West Shore Bank has been Making a Difference Since 1898. For over a century, we have remained committed to helping the people and businesses along the lakeshore to improve their financial well-being. Bank with us in person or on the go! Visit one of our nine Michigan branches in Ludington, Frankfort, Hart, Manistee, Onekama, Scottville, or Traverse City.
Apply now to open a statement savings account and get started on your savings goal today!
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Putting you on the road to retirement.
We can help you customize an investment and wealth management plan unique to your assets, family values, and objectives.