Savings Accounts

Whether you are saving for a rainy day, want to make holiday shopping easier, or just want to earn a return on your money, Chemical Bank offers a savings account designed to meet your needs. Just consult your banker to discuss which of our accounts will best help you reach your financial goals.


Chemical Bank
Requirement to open account None. Customer has 30 days to achieve minimum balance before monthly service charge takes effect None None None. Customer has 30 days to achieve minimum balance before monthly service charge takes effect None. Customer has 30 days to achieve minimum balance before monthly service charge takes effect
Monthly Service Charge $3 if balance falls below $300 - waived for minors under 18 years old None None $10 if balance falls below $2,500 average balance $30 if balance falls below $35,000
Interest paid
on balance 		Interest paid monthly on all balances over $0; computed on daily balance. Consult branch for current rate. Interest paid at maturity in October
(Choose the 10th or the 31st)		 Interest Tiers:
0 - $4,999
$5,000 - $9,999
$10,000 - $24,999
$25,000 - $49,999
$50,000 - $99,999
$100,000 and over
Consult branch for current rates.		 Interest Tiers:
0 - $9,999
$10,000 - $24,999
$25,000 - $49,999
$50,000 - $99,999
$100,000 and over
Consult branch for current rates.		 Interest Tiers:
$10,000 - $49,999
$50,000 - $99,999
$100,000 and over
Consult branch for current rates.
Combined
Statement 		FREE Not available FREE FREE FREE
Statement Cycle Sent quarterly, or monthly if electronic activity No Statement Sent Sent quarterly, or monthly if electronic activity Statement sent monthly Statement sent monthly
Chemical Bank ATM Card FREE FREE
(deposit only)		 FREE FREE FREE
eBanking and
Phone Banking 		FREE FREE FREE FREE FREE
Other Benefits Discount on installment loan rate with direct debit*   Eligible for monthly-service-
charge-free Advantage Checking account; discount on installment loan rate with direct debit*		 Discount on installment loan rate with direct debit* Discount on installment loan rate with direct debit*

*
Subject to application and approval.