Savings, Money Market, CD and IRA Accounts

Our savings account options help you set aside money for the future. Start saving today for a down payment, retirement and college. Our plans offer a variety of options to match your liquidity and minimum deposit preferences.

Regular Savings - Open an account with as little as $100.00

Get started with a Regular Savings account. It is ideal for the student or grandchild just starting to save. Use your Regular Savings in an emergency or as overdraft protection.

Regular Savings Account Features
Minimum Opening Deposit $100.00
Minimum Balance Fee
  • $2.00 if the balance falls below $200.00
Earned interest
  • Variable Rate
  • Compounded daily
  • Tiered rates based on daily balance method
Transfers and Checks
  • Up to 6 transfers per month to your Summit accounts or to third parties by preauthorized, automatic, telephone or computer.
  • No check, draft or debit card transfers to third parties
Remote Banking

Money Market - Earn higher interest starting with a minimum $2500.00 deposit

With a larger minimum balance than a Tiered Savings, earn more interest. Give yourself a check writing option.

Money Market Account Features
Minimum  Deposit $2,500.00 minimum opening deposit
$1,000.00 minimum balance to earn interest
Minimum Balance Fee
  • $10.00 per statement cycle if the balance falls below $2,500.00
Earned Interest
  • Variable rate
  • Compounded daily
  • Tiered rates based on daily balance method
Transfers and Checks
  • Up to 6 transfers per month to your Summit accounts or to third parties by preauthorized, automatic, telephone or computer, with no more than three by check or draft to third parties
Remote Banking

Certificates of Deposit - Pick the term that meets your needs and earn a guaranteed fixed interest rate.

CDs are a great option when you are able to leave your funds on deposit for a longer length of time. Earn a fixed interest rate, guaranteed for the length of the term.

CD Account Features
Minimum  Deposit
  • $1,000 minimum opening deposit
Length of Term
  • 30 days, 3, 6, 9,12, 18, 24, 36, 48 and 60 month
Interest Rate
  • Fixed during the length of the term
  • Contact us for the current APY (Annual Percentage Yield)
Transfers
  • Penalty may be imposed for early withdrawals
Remote Banking

Individual Retirement Account (IRA) - Summit offers Certificate of Deposit IRA accounts for Traditional, Roth or Sep IRAs.

IRA Account Features
Minimum  Deposit
  • $1,000 minimum opening deposit
Length of Term
  • 6, 12 and 24 months
Interest Rate
  • Contact us for the current APY (Annual Percentage Yield)
Withdrawal
  • Penalty may be imposed for early withdrawals
  • Additional Federal penalties may apply
Annual Custodial Fee
  • $15
Remote Banking