Compare Savings Accounts
We offer a variety of savings accounts, each with its own unique benefits and characteristics. Compare them to help you choose which one best fits your needs. Enjoy the following features included with all of our savings account options:
- Online Banking
- Mobile Banking1
- Email & Text Alerts1
- Direct Deposit
- Automatic Savings Plan
- Telephone Banking
- 24/7 ATM Access2
|DreamBuilder Account||PennyWise Savings Account||Star Money Market Account||Christmas Club Savings||M Class Safety Sweep Account|
|Minimum Opening Deposit||$50||$25||$1,000||$0||$100|
|Required Balance to Avoid Service Charge||$503||None||$2,5004||None||None|
|Minimum Daily Balance to Earn Interest||Any||Any||$1,000||$100||Any|
|ATM Card with 24/7 ATM Access6|
|Transaction Limits||Up to 6 debit transactions allowed per calendar month5||Up to 6 debit transactions allowed per calendar month5||Up to 6 debit transactions allowed per calendar month5||One automatic withdrawal every November 1st6||Up to 25 debit transactions allowed per statement cycle7|
1 Your cellular provider’s data and text messaging rates may apply. Additional fees also apply for Mobile Deposit. 2 Fees may be assessed by ATM machines not owned by United Community Banks. 3 DreamBuilder Savings customers who have direct deposit and/or maintain an average daily balance of $50 for the quarter pay no quarterly service fee. 4 Star Money Market customers who maintain a minimum balance of $2500 every day of the statement cycle or maintain a minimum daily balance of $10,000 in any combination of qualified Mercantile Bank banking relationships including: checking, savings, money market, CDs and loan accounts, pay no service fee per statement cycle. 5 Debit transactions are limited to 6 per calendar month. Limited pre-authorized transfers and withdrawals include checks, drafts, debit card or similar order, systematic savings plans, sweep service, telephone and Internet banking transfers. Transfers and withdrawals made in person, by messenger, by mail, at an ATM, to loans at the same institution or to another depositor at the same institution are unlimited. 6Any other withdrawals will require bank approval. If a withdrawal is approved, interest accrued on the amount withdrawn will be forfeited. See a banker for details. 7 Debit transactions are limited to 25 per statement cycle, a $1.00 fee will be charged per transaction in excess of 25; Sweep transactions are unlimited.
Remember to “pay yourself first” by setting up an automatic savings plan. It’s free, it’s easy, and best of all it adds up! Consider setting aside as little as $25 each week to be automatically deposited into your savings account.
You can start an automatic savings plan at the bank or check with your employer about setting up automatic payroll deposits. Have a little extra one week? Before it burns a hole in your pocket, use online or mobile banking5 to transfer it to your savings account right away.