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Personal Savings

Savings

All SouthEast Bank personal savings accounts include:

Online Banking with Bill Pay and E-Statements

Mobile Banking and Mobile Deposit

  • Bonus Rate Savings

    Best Solution for

    Earning our highest yield of 2.01% APY* on balances up to $10,000 by meeting three requirements.

    Description

    High interest-bearing savings account; allows customer to enable Round Up Savings1 automatic next-dollar change deposits; interest credited monthly; monthly statements

    Service Charge

    No monthly service charge

    Minimum to Open

    $50

    Terms and Conditions

    *APY=Annual Percentage Yield
    To earn the bonus rate, the account holder must have a SouthEast Bank checking account, the Bonus Rate Savings account must be enrolled in eStatements and 15 Round Up Savings transactions must occur. If all qualifications are met during the statement cycle, 2.01% APY will be applied on the balances up to $10,000 and .20% APY on balances over $10,000 will be credited. If bonus qualifications are not met during the statement cycle, the account will earn 0.05% APY. Unlimited withdrawals at teller window or ATM and 6 pre-authorized withdrawals per month at no charge, including checks, ACH debits and online banking transfers; $3 fee for each thereafter. Fees may reduce earnings. Limit one Bonus Rate Savings account per primary owner tax ID.  Rates are accurate as of 4.1.21 Rates are variable and subject to change after account opening.

    1Upon enrollment in Round Up Savings, SouthEast Bank will round up your qualifying transactions to the nearest dollar and transfer the difference from your checking account to your designated account. Qualifying transactions include point of sale or online purchases using the SouthEast Bank debit card. Both signature and pin transactions made with debit cards qualify for Round Up Savings. ATM and cash-only transactions do not qualify for Round Up Savings. All debit cards connected to the checking account will round up to your savings account. You must be an account owner on each checking and savings account you enroll. Round up amounts will be transferred separately throughout the day. 

  • Personal Savings

    To open, please visit a SouthEast Bank branch. 

    Best Solution for

    setting aside extra money for a spending goal or emergency fund while also earning interest of .05% APY*

    Description

    basic savings with easy access to your funds; interest credited quarterly; quarterly statements 

    Service Charge

    $5 per quarter; waived for accounts maintaining a minimum daily balance of $100

    Minimum to Open

    $50

     

    Earn interest while saving for a spending goal or emergency fund.

    Withdrawals: 6 pre-authorized withdrawals per month at no charge, including checks, ACH debits and online banking transfers; $3 each thereafter; unlimited withdrawals at the teller window or at the ATM.

    Interest: calculated on total daily balance and credited quarterly

    *APY = Annual Percentage Yield. Annual Percentage Yields (APY) are accurate as of 04/01/2021. Rates may change at any time without notice after the account is opened. Fees may reduce earnings.

  • Money Market Savings

    To open, please visit a SouthEast Bank branch. 

    Best Solution for

    earning a higher rate of return with access to your funds by simply writing a check 

    Description

    tiered rate account that earns higher interest based on higher balances; monthly statements

    Service Charge

    $12 month; waived when minimum daily balance of $2,500 is maintained

    Minimum to Open

    $2,500

     

    Withdrawals: 6 pre-authorized withdrawals per month at no charge, including checks, ACH debits and online banking transfers; $6 each thereafter; unlimited withdrawals at the teller window or at the ATM.

    Interest: calculated on total daily balance and credited quarterly

    Rates:

    $0 - $9,999.99 = 0.05% APY*

    $10,000 - $49,999.99 = 0.05% APY*

    $50,000 - $99,999.99 = 0.10% APY*

    $100,000 - $249,999.99 = 0.15% APY*

    $250,000+ = 0.20% APY*

     

    *Annual Percentage Yields (APY) are accurate as 04/01/2021. Rates may change at any time without notice after the account is opened. Fees may reduce earnings.

  • Milestone Savings

    To open, please visit a SouthEast Bank branch. 

    Best Solution for

    kids age 17 and under

    Description

    set and achieve financial goals with birthday, holiday, gift, and allowance money

    Service Charge

    no service charge

    Minimum to Open

    $5

     

    This special savings account is designed to give kids age 17 and under an introduction to banking.

    Withdrawals: 6 pre-authorized withdrawals per month at no charge, including checks, ACH debits and online banking transfers; $3 each thereafter; unlimited withdrawals at the teller window or at the ATM.

    Interest: calculated on total daily balance and credited quarterly

  • Christmas Club e-Savings

    To open, please visit a SouthEast Bank branch. 

    Best Solution for

    saving for those holiday gifts throughout the year

    Description

    accepts direct deposit or auto transfers from another SouthEast Bank account; receive your savings plus interest in November

    Service Charge

    no service charge

    Minimum to Open

    $5

     

    Save throughout the year, earn interest, and enjoy stress-free holiday shopping!

    Details: The Christmas Club e-Savings Account requires holder to have a SouthEast Bank checking account, which will be credited to the Christmas Club e-Savings Account balance at maturity.  To be eligible for the e-account rate, only electronic deposits (account transfer, direct deposit, or mobile deposit) will be accepted and requires at least one monthly electronic deposit transaction from date of opening until the account is closed on October 31, 2021. Eligible account holders will receive savings plus interest in November 2021. APY* decreases to 0.25% if required monthly electronic transfer does not occur.  Balances over $5,000 will earn 0.25% APY*. Fees may reduce earnings. Must be enrolled in eStatements.  

     

    *APY= annual percentage yield. Rates subject to change. APYs are accurate as of 04/01/2021.

  • Health Savings Account (HSA)

    To open, please visit a SouthEast Bank branch.

    Best Solution for

    Potentially earning tax-free interest while saving ahead for qualified medical expenses.

    Description

    requires participation in high-deductible insurance plan; annual limits apply

    Service Charge

    $2.50 per quarter

    Minimum to Open

    $50

     

    Please consult your tax professional for eligibility requirements.

     

    Take the pain out of high deductibles by planning ahead for your family's eligible medical expenses with a pre-tax interest-bearing health savings account.

    Requirements: participation in high-deductible insurance plan; annual limits apply

    Withdrawals: funds accessible by debit card only; unlimited for qualified health expenses

    Interest: calculated on total daily balance and credited quarterly

Ask about our buy-back program! SouthEast Bank will pay you up to $10 cash for your unused checks and debit cards from another financial institution when you open a new SouthEast Bank checking account. We will even take care of shredding them using our secure document shredding services!