Personal Savings

Life moves fast, and the time to begin planning for your future is now. And what better way to begin preparing for your future than by partnering with a local bank like us? At Sumner Bank & Trust, our roots are planted firmly in the Sumner County community, and our goal is to empower that community and grow with you. 

 

Regular Savings

This standard, starter savings account will help lay the groundwork for future financial success and assist with saving and budgeting.
  • Competitive interest
  • Online banking
  • Automatic transfers from checking at no charge
  • No charge for the first six withdrawals per quarter
  • Interest is compounded monthly and account statements are mailed quarterly unless there is an electronic funds debit or credit, which will trigger a monthly statement

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  • Six withdrawals per statement cycle*
  • $3 fee per withdrawal over six withdrawals per statement cycle
  • Monthly service fee is waived if a $100+ daily balance is maintained or age 19 or younger (otherwise $5)

* Federal law limits account withdrawls to six per statement cycle

Christmas Club 

Our Christmas Club account is available to help you save for the holidays.
  • Simple interest
  • Automatic transfers from checking at no charge
  • Can be opened year-round
  • Check for your balance and interest sent in early November just in time for shopping

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  • No monthly service fee
  • $5 fee for withdrawal prior to maturity

Money Market

If you want to earn Money Market interest rates while maintaining access to your funds, our Money Market account is for you.
  • Tiered interest, compounded monthly
  • Online banking
  • Automatic transfers from checking at no charge
  • Six withdrawals (including paper drafts) per statement cycle
  • Account statement mailed monthly
  • Monthly service fee waived if a $2,500+ daily balance is maintained (otherwise $12)
  • $15 fee per withdrawal over the limit per statement cycle
  • Certain restrictions apply 

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   Interest tiers include:

  • $0 – 2,499
  • $2,500 – 9,999
  • $10,000 – 49,999
  • $50,000 – 99,999
  • $100,000 – 249,999
  • $250,000 or more

Sumner Bank & Trust pays interest rate on full balances that corresponds to the applicable tier.

Certificate of Deposit (CD)

Our Certificates of Deposit offer competitive, fixed rates that put your money to work for you.
  • Competitive interest
  • Terms from 30 days to 60 months
  • Automatically renews on the maturity date*
  • $1,000 opening balance
  • Interest paid monthly, quarterly, annually or at maturity (at least once a year) by direct deposit or check

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  • Penalty applies for early withdrawal
    *Changes to Term, Amount, or Interest Rate can be made within the 10 day grace period after the maturity date

Health Savings Account (HSA)

Use the funds in this account to pay for health care expenses. You control the money in your Sumner Bank & Trust Health Savings Account.
  • Set aside money for current or future health-related expenses
  • Contributions made by employer or individuals
  • Balance rolls over from year to year
  • Sumner Bank & Trust Debit Card
  • Order of 50 HSA Checks
  • Online Banking
  • $1 monthly service fee
  • Certain restrictions may apply

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  Interest tiers include:

  • $0 – 2,499
  • $2,500 – 9,999
  • $10,000 or more

Sumner Bank & Trust pays interest rate on full balances that corresponds to the applicable tier.

 

Individual Retirement Account (IRA)

An IRA at Sumner Bank & Trust is an easy way to put some money aside for your kids to go to college or to plan your own retirement.

 

  • Traditional, Roth, Education and SEP IRA options
  • FDIC-insured up to the legal limit
 
  • Automatic Distributions available for those who qualify
  • Penalty applies for early withdrawal
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