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  Whether you’re saving for retirement, a new home, your child’s education or a rainy day, we have a Savings Account or Certificate of Deposit to suit your needs.
 
  Our range of Savings products can help you save for the future. All of our Personal Savings products offer variable interest (see our rates), compounded and credited monthly on the daily collected balance, and give you free benefits including:
 

Online Banking (formerly HPB Direct)
Online Bill Payment when you have a Hyde Park Bank Checking or NOW Account
MoneyLine Telephone Banking
ATM Card or EasyPay CardSM (when your card is issued with a related Checking Account)
Direct Deposit option (except Custodial Savings)
Monthly Combined Statement option with your Hyde Park Bank Checking Account.
 

Market Index Account
 

$ 10,000 minimum opening deposit
Higher yields for higher balances - see our rates
No monthly fee with a minimum daily balance of $2,500; otherwise, $15 per month, plus $1.00 per ATM transaction and $0.50 per balance inquiry at non-Hyde Park Bank ATMs3
Check writing privileges (subject to certain limitations)1
Unlimited deposits and withdrawals (subject to certain limitations)1
Cancelled check images returned with your monthly statement
 

Money Market Account
 

$2,500 minimum opening deposit
Higher yields for higher balances - see our rates
No monthly fee with a minimum daily balance of $2,500; otherwise, $15 per month, plus $1.00 per ATM transaction and $0.50 per balance inquiry at non-Hyde Park Bank ATMs3
Check writing privileges (subject to certain limitations)1
Unlimited deposits and withdrawals (subject to certain limitations)1
Cancelled check images returned with your monthly statement
 

Regular Savings
 

$100 minimum opening deposit
No monthly fee with a minimum daily balance of $500; otherwise, $5 per month
Transaction fees may apply 2, 3, 4
 

Senior Savings — for customers age 60 and over
 

$100 minimum opening deposit
No monthly fee with a minimum daily balance of $100; otherwise, $3 per month
Transaction fees may apply 2, 3, 4
 

Custodial Savings — for those under the age of 18
(in accordance with the Illinois Uniform Transfer to Minors Act)
 

$100 minimum opening deposit
No monthly fee with a minimum daily balance of $100; otherwise, $3 per month
Transaction fees may apply2, 3
 

Certificates of Deposit
  A Certificate of Deposit may be just right when you have savings you won’t need to access right away, and want to earn a higher rate of return. Our CDs offer:
 

Fixed interest – see our rates
$1,000 minimum opening deposit
Automatic renewal at maturity5
A wide choice of terms, from 60 days to 5 years
 

Jumbo Certificate of Deposit
  When you have a larger amount of money to invest, and want security and a higher rate of return, a Jumbo CD may meet your needs:
 

Fixed interest – see our rates
$100,000 minimum opening deposit ($50,000 for 14 day term)
Automatic renewal at maturity5
A wide choice of terms, from 14 days to 1 year
 

Traditional and Roth Individual Retirement Accounts
 

An IRA offers tax-deferred earnings potential for retirement savings. We can establish your IRA in a Money Market Account, CD or Jumbo CD. Ask a Personal Banker for details.
 

Coverdell Education Savings Accounts
 

A Coverdell Education Savings Account can be used to save for elementary, secondary and higher education. We can establish your Coverdell Education Savings Account as a Money Market Account          or a 1 Year CD.  Ask a Personal Banker for details.
 

 

1 Transaction limits apply. Under federal regulations, six pre-authorized withdrawals are permitted per statement cycle, of which no more than three may be by check, draft or point-of-sale withdrawal.  A fee of $10 will be assessed for each check, draft or point-of-sale withdrawal in excess of three per statement cycle, and for each pre-authorized withdrawal in excess of six per statement cycle.  Continued pre-authorized withdrawals in excess of six per statement cycle will result in the account being closed.  Unlimited withdrawals are permitted in person, by mail or ATM.

2 Transaction limits apply. Under federal regulations, six pre-authorized withdrawals are permitted per statement cycle.  A fee of $10 will be assessed for each pre-authorized withdrawal in excess of six per statement cycle.  Continued pre-authorized withdrawals in excess of six per statement cycle will result in the account being closed.  Unlimited withdrawals are permitted in person, by mail or ATM.

3 Usage fees may be charged by the institution that owns the ATM.

4 In months that the daily balance falls below $5,000, a $2 fee is charged for each service chargeable debit transaction in excess of two per month, plus $1.00 per ATM transaction and $0.50 per balance inquiry at non-Hyde Park Bank ATMs.

5 Ten day grace period for withdrawals, deposits or changes. Withdrawals prior to maturity are subject to an early withdrawal penalty. Account will automatically renew for the same term at the current rate 10 days after maturity.