Smart Savings
- Minimum to open
- $50.00
- Tiers
- 3
Earn more on what you save.
Compare savings accounts
Save your way - choose the savings path that fits your goals
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Compare
Savings accounts
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| Best For |
Earning a great interest rate on your savings |
Earning a high interest rate for higher balances |
Unlimited withdrawals from a savings account |
Teens and young adults, ages 13-24; Minors must open in-branch |
| Minimum to Open | $50 | $50 | $50 |
$25 |
Minimum Balance |
$0 | $25,000 | $0 |
$0 |
| Monthly Service Fee | $0 | $35 if minimum balance not met |
$0 |
$0 |
Allpoint/Freedom ATMs** |
Totally free |
Totally free |
Surcharge-free |
Totally free |
All Other Non–Dollar Bank ATMs |
No charge | No charge |
$2.50** |
No charge |
New Money Requirement |
No |
Yes: $25,000† |
No |
No |
APY |
||||
Statement Options |
Free electronic or mailed | Free electronic or mailed | Free electronic or $3 mailed |
Free electronic or $2 mailed |
Checking Account Required |
Yes: Everything Checking |
For best APY | No | No |
- Best For
-
Earning a great interest rate on your savings
- Minimum to Open
- $50
Minimum Balance
- $0
- Monthly Service Fee
- $0
Allpoint/Freedom ATMs**
-
Totally free
All Other Non–Dollar Bank ATMs
- No charge
New Money Requirement
-
No
Statement Options
- Free electronic or mailed
Checking Account Required
-
Yes: Everything Checking
- Best For
-
Earning a high interest rate for higher balances
- Minimum to Open
- $50
Minimum Balance
- $25,000
- Monthly Service Fee
- $35 if minimum balance not met
Allpoint/Freedom ATMs**
-
Totally free
All Other Non–Dollar Bank ATMs
- No charge
New Money Requirement
-
Yes: $25,000†
Statement Options
- Free electronic or mailed
Checking Account Required
- For best APY
- Best For
-
Teens and young adults, ages 13-24; Minors must open in-branch
- Minimum to Open
-
$25
Minimum Balance
-
$0
- Monthly Service Fee
- $0
Allpoint/Freedom ATMs**
-
Totally free
All Other Non–Dollar Bank ATMs
-
No charge
New Money Requirement
-
No
Statement Options
-
Free electronic or $2 mailed
Checking Account Required
- No
Disclosures
†Platinum Savings must include a minimum new money increase of $25,000 based on the savings owner(s) average daily balances during the past 30 days.
Interested in Platinum Savings but cannot meet the new money requirement? Learn more about our Premier Savings Account.
Looking for an account option with a permanent passbook record? Our Passbook Savings Account is right for you!
*ATM withdrawals, transfers and deposits.
**Banking card fees will be waived for any calendar month when the following minimum balance requirement is maintained: Savings average monthly balance of $2,500
Find the savings account that fits.
A few quick questions and we’ll point you to the right Dollar Bank account.
Question
01
How much do you have to invest?
Based on your answers
Your match
Start Smart Savings
Based on your answers
Your match
Smart Savings
Based on your answers
Your match
Platinum Savings
Already have a checking account?
Under the age of 18?
Schedule an appointment with us to link a savings account to your checking account or to open an account if you're a minor.
Account options for teens and young adults.
We're here to help the next generation on their journey to financial freedom.
And that trip begins with Start Smart Banking - Dollar Bank's account offerings just for teens and young adults, ages 13 to 24.
See what your money could grow into.
Use our Savings Interest Calculator to project how your balance will grow over time. Enter your starting amount, monthly contribution and target term to see what's possible.
Two more ways to grow your savings.
Certificates of Deposit
CDs
Take charge of your savings with guaranteed rates backed by FDIC insurance. Choose your term and whether to receive interest regularly or let it accumulate.
Individual Retirement Accounts
IRAs
Build long-term retirement savings with tax-advantaged accounts designed for your horizon. Traditional, Roth and rollover options available.
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Start Saving Money Fast: 5 Tips For Beginner Success
Saving money builds financial stability, prepares you for emergencies and goals, and reduces stress. Consistent habits—like paying yourself first, automating transfers, controlling spending and using digital tools—help grow and maintain your savings over time.
Keeping Track of Your Finances
Paying close attention to your spending helps keep track of what’s going out of your account versus what is coming in.
FAQs
The amount your savings account grows depends on a few factors, including your balance, length of time and the APY of the account. If your savings account has a higher APY, then you will earn more interest on your money. Additionally, if you are regularly contributing to your savings account (paying yourself first), you will have the opportunity to earn more on your growing funds.
Opening a savings account online is easy. Review our savings account options to determine which account best meets your needs, and then click Open Now. You can also open an account at your local Dollar Bank office or call 1-800-242-2265 and press 4, Monday – Friday from 8:00 AM – 8:00 PM and Saturday from 9:00 AM – 3:00 PM.
Already have a Dollar Bank checking account and want to add a linked savings account or are you under the age of 18? Schedule an appointment and we can help you.
When opening a savings, account, make sure you understand what the Annual Percentage Yield (APY) is, and any restrictions associated with that particular account. Are there any monthly fees? Is there a minimum balance requirement? Is there anything you need to do to maintain a certain APY? Are there any withdrawal restrictions? Also, if you don’t already have a checking account with the financial institution, check to see if there would be value in opening one (e.g. to make transferring money into your savings account easy).
Opening a savings account can be a quick process that you can do from the comfort of your home in as little as 10 minutes. Make sure you have all the information you need to open your account (e.g. Driver’s License and card to fund your account) before you begin.
A savings account is an important tool for keeping your spending money (checking account) separate from your saved funds. Opening a savings account benefits you as putting savings in a different account makes it easier to avoid overspending and instead focus on growing those funds for your financial goals.
To open an account for a minor, please visit your local Dollar Bank office. Our Start Smart Savings Account is a great starter account option for minors and a helpful tool in teaching children about money management.