Hyde Park Bank: Savings

Whether you’re saving for retirement, a new home, your child’s education, or a rainy day, we have an account to suit your needs. Our deposit accounts come with the security of FDIC insurance. Enjoy the convenience of these available options:

Visa® check card or ATM Card (issued with a related checking account)
Online Banking
eStatements
MoneyLine Telephone Banking
Direct Deposit
Monthly combined statement with your other Hyde Park Bank accounts.

And for personalized service, our tellers and personal bankers are ready to assist you at either of our Hyde Park locations.

Savings Accounts
All Personal Savings Accounts offer variable interest, compounded and credited monthly on the daily collected balance.

Regular Savings

$100 minimum opening deposit
No monthly fee with a daily balance of $500; $5 monthly fee in months when the minimum balance requirement is not met
No fee for withdrawals when you maintain a minimum daily balance of $5,000
If the daily account balance is below $5,000, two free withdrawals per monthly statement cycle; $2 for each additional withdrawal, $1 for each ATM transaction and $0.50 for each balance inquiry at non-Hyde Park Bank ATMs¹
A fee of $10 will be assessed for each pre-authorized withdrawal in excess of six per statement cycle²

Senior Savings

For customers age 60 and over.

$100 minimum opening deposit
No monthly fee with a daily balance of $100; $3 monthly fee in months when the minimum balance requirement is not met
Two free withdrawals per monthly statement cycle; $2 for each additional withdrawal, $1 for each ATM transaction and $0.50 for each balance inquiry at non-Hyde Park Bank ATMs¹
A fee of $10 will be assessed for each pre-authorized withdrawal in excess of six per statement cycle²

Custodial Savings

In accordance with the Illinois Uniform Transfer to Minors Act.

$100 minimum opening deposit
No monthly fee with a daily balance of $100; $5 monthly fee in months when the minimum balance requirement is not met
Two free withdrawals per monthly statement cycle; $2 for each additional withdrawal, $1 for each ATM transaction and $0.50 for each balance inquiry at non-Hyde Park Bank ATMs¹
A fee of $10 will be assessed for each pre-authorized withdrawal in excess of six per statement cycle²

Select Savings

$25,000 minimum opening deposit³
Variable interest rate based on the 1-year T-Bill when the daily account balance is at least $25,000—see our rates⁴
No monthly fee and no fee for withdrawals with a daily balance of $25,000; $20 monthly fee, and $5 for each withdrawal in excess of 2 per month, $1 for each ATM transaction and $0.50 for each balance inquiry at non-Hyde Park Bank ATMs¹ in months when the minimum balance requirement is not met
A fee of $10 will be assessed for each pre-authorized withdrawal in excess of six per statement cycle²

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:

$1,000 minimum opening deposit (higher for select terms)
Fixed interest—see our rates
Interest payment by check, automatic transfer to your Hyde Park Bank deposit account, or reinvestment in your certificate
Automatic renewal at maturity⁵
Wide choice of terms, from 14 days to 5 years
Options of Traditional and Roth Individual Retirement Account (IRA), Coverdell Education Savings, and Jumbo ($100,000 and higher) programs
The ability to secure FDIC insurance on multi-million dollar CD investments through our CDARS program. You can access full insurance working with just Hyde Park Bank. You sign one agreement, earn one rate, and receive one regular account statement. Contact a Personal Banker to learn more.

Money Market Accounts
Money market accounts give you the best of both worlds—the interest earning power of a savings account with the flexibility of limited check writing. Earn higher yields for higher balances—see our rates.

Market Index Account

$2,500 minimum opening deposit
Check writing privileges²
Unlimited ATM transactions¹
No monthly fee with a minimum daily balance of $2,500
$15 monthly fee, plus $1 for each ATM transaction, and $0.50 for each balance inquiry at non-Hyde Park Bank ATMs¹ in months when the minimum balance requirement is not met
A fee of $10 will be assessed for each pre-authorized withdrawal in excess of six per statement cycle²

HPB Select

Earn higher interest rates when you link your Hyde Park Bank checking, savings, money market, and CD accounts.

$10,000 minimum opening deposit⁶
Check writing privileges²
Unlimited ATM transactions¹
No monthly fee with a minimum daily balance of $2,500
$15 monthly fee, plus $1 for each ATM transaction, and $0.50 for each balance inquiry at non-Hyde Park Bank ATMs¹ in months when the minimum balance requirement is not met
A fee of $10 will be assessed for each pre-authorized withdrawal in excess of six per statement cycle²

Usage fees may be charged by the institution that owns the ATM. No fee for use of Hyde Park Bank ATMs unless otherwise noted.
Under federal regulations, you may make no more than six pre-authorized withdrawals, including automatic or telephone transfers, check, draft, debit, or other similar transactions from your account per monthly 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.
At least $25,000 of the initial deposit must be funds not currently held at Hyde Park Bank.
The variable interest rate for accounts with balances of at least $25,000 for the entire statement cycle will be at least equal to the one-year U.S. Treasury rate as published in the Wall Street Journal on the first business day of each month. Accounts with balances below $25,000 at any time during the monthly statement cycle will earn the interest rate for a Regular Savings Account as published on our web site and rate sheet. Personal accounts only.
Withdrawals prior to maturity are subject to an early withdrawal penalty. At maturity, ten day grace period for withdrawals, deposits or changes. Unless otherwise disclosed, CD will automatically renew for the same term at the interest rate in effect on the renewal date.
HPB Select will be converted to a Market Index account and earn the current Market Index account rate if the combined ledger balance between checking, savings, money market, and CD accounts falls below $100,000. At the customer’s request, the account can be returned to an HPB Select account when combined balances again meet or exceed $100,000.