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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 monthly interest rate of 3.01% APY* on balances up to $10,000 by meeting three requirements.

    Description

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

    Service Charge

    No monthly service charge

    Minimum to Open

    $100

    Requirements: To earn the bonus rate, the account holder:

    • Must have a SouthEast Bank checking account
    • Bonus Rate Savings account must be enrolled in eStatements
    • 20 Round Up Savings transactions must occur during the statement cycle (Learn More)

    Withdrawals: 6 pre-authorized withdrawals per month at no charge, including checks, ACH debits and online banking transfers; $10 each thereafter; unlimited withdrawals at the teller window or at the ATM.

    Interest: If all qualifications are met during the statement cycle, a bonus rate of 3.01% APY* will be applied on 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, a rate of 0.05% APY of the balance will be credited. Interest earnings are based on daily collected balances and are credited monthly to the account.

    *APY=Annual Percentage Yield. Rates subject to change. Rates accurate as of 11/4/2019.

  • 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

    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

    $100

     

    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; $2.00 each thereafter; unlimited withdrawals at the teller window or at the ATM.

    Interest: calculated on total daily balance and credited quarterly

  • 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; $10 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  0.10% APY*

    $10,000 - $49,999.99  0.10% APY*

    $50,000 - $99,999.99  0.15% APY*

    $100,000 - $249,999.99  0.20% APY*

    $250,000+  0.25% APY*

     

    *Annual Percentage Yields (APY) are accurate as 05/01/2018. 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

    $1

     

    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; $2.00 each thereafter; unlimited withdrawals at the teller window or at the ATM.

    Interest: calculated on total daily balance and credited quarterly

  • Vacation Club

    To open, please visit a SouthEast Bank branch.

    Best Solution for

    paying for your family vacation is easy when you save ahead

    Description

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

    Service Charge

    None; Early withdrawal fee of $5

    Minimum to Open

    $5

     

    Paying for family vacations is a breeze when you save ahead all year and earn interest.

    Withdrawals: $5 fee for each early withdrawal; receive your savings plus interest in May

    Interest: simple interest calculation credited annually

  • 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, 2019. Eligible account holders will receive savings plus interest in November 2019. 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 09/16/2019.

  • 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

    $100

     

    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!