Personal Savings
Account options for saving for your better future.
Our personal savings accounts include:
- Online and mobile banking access
- Mobile deposit
- Free accounts statements
Personal Savings Account Options
Basic Savings
Best for individuals with smaller balances.
Interest1
Paid when the minimum daily balance is met
Monthly Fee2
$5 if the minimum daily balance is not met
Minimum Daily Balance
$50
Transaction Charge
5 free withdrawals per month, then $1.00 per withdrawal
Statements
- Paired with Personal Checking Account: Monthly
- Not Paired: Quarterly
Preferred Savings
Best for individuals with larger balances.
Interest1
Variable rate based on the following tiers:
- $1,000 – $9,999.99
- $10,000 – $24,999.99
- $25,000+
Monthly Fee2
$10 if the minimum daily balance is not met
Minimum Daily Balance
$1,000
Transaction Charge
5 free withdrawals per month, then $1.00 per withdrawal
Statements
- Paired with Personal Checking Account: Monthly
- Not Paired: Quarterly
Little Drake Savings
For children and young adults under 18.
Interest1
Variable rate based on the following tiers:
- $0 – $1,000.00
- $1,000.01+
Transaction Charge
5 free withdrawals per month, then $1.00 per withdrawal
Statements
Quarterly
Investor Savings
Higher-yield savings for when you can save $25,000+.
Interest1
Variable rate based on the following minimum balances:
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Monthly Fee2
$25 if the minimum daily balance is not met
Minimum Daily Balance
$25,000 to avoid the monthly fee
Transaction Charge
6 free transfers or pre-authorized withdrawals per month, 3 of which may be made via check
Statements
Monthly
Certificates of Deposit3
Term accounts with competitive rates and guaranteed interest.
Interest
Fixed-rate based on the following account terms:
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Monthly Fee2
None
Minimum Daily Balance
$500 minimum is required to open an account
Individual Retirement Account3
Term accounts for retirement savings.
Interest
Fixed-rate based on the following account terms:
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Monthly Fee2
None
Minimum Daily Balance
$500 minimum is required to open an account
Money Market
Earn more on your personal savings while keeping your money within reach—offering flexibility, stability, and competitive returns.
Meet the Banking Team
Meet our experienced banking professionals dedicated to serving our clients, businesses, and local community.
Certificates of Deposit
Have cash you won’t need immediately? A certificate of deposit provides stable, predictable growth over a fixed timeframe.
More For You
All personal savings accounts require a $100 opening balance. $500 minimum is required for CDs and IRAs.
1 Interest will be compounded and paid monthly based on the daily collected balance. Refer to our deposit account rates for current rate information. At our discretion, interest may change daily. Interest begins to accrue no later than the business day we receive credit for the deposit of checks.
2 Other charges may apply to these accounts; see the separate miscellaneous fee schedule.
3 A withdrawal of interest prior to maturity will reduce earnings. Interest rates on CDs are fixed rates and are paid for the term of the deposit until maturity. Additional deposits before maturity are not permitted except for the IRA CD, which allows additional deposits of a minimum of $50.00. Penalty for early withdrawal may apply. Please refer to your CD for additional terms and conditions that may apply.
Build A Better Future.
We’re here to make your relationship with money simpler and more meaningful, helping you reach the future you’re aiming for.
Welcome to the newly designed
drake-bank.com
You can access Online Banking through the links in our top menu.
Additionally, we encourage you to explore the new site and additional resources available under the ‘Resources’ dropdown menu.
If you have any questions or need help finding anything, feel free to contact our team.