Personal Banking
Savings Options
High-Yield
Money Market Account - Deposit Rates
- Multiple balance tiers provide Supercharged Earning Power for all levels of savers.
- Free! ReadyMoney debit card
- Interest is compounded and credited monthly.
- Convenient account access 24 hours a day, 7 days a week by telephone, Online Banking, or ATM
- Make unlimited deposits or withdrawals in person.
- Check writing privileges1
- Available as a Passbook or Statement account
- FDIC insured, liquid investment - "FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2013."
1Maximum six(6) checks per month.
Money Market Accounts - Deposit Rates
- Earn competitive market rates.
- Preferred rates when linked to a Classic or Distinguished Checking Account
- Interest is compounded and credited monthly.
- Convenient account access 24 hours a day, 7 days a week by telephone, Online Banking, or ATM
- Make unlimited deposits or withdrawals in person.
- FDIC insured, liquid investment - "FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2013."
Premium Savings Account - Deposit Rates
- A higher rate of interest for balances $2,500 and over
- Low minimum deposit to open and earn interest
- Interest is compounded and credited monthly.
- Available as a Passbook or Statement account
- Convenient account access 24 hours a day, 7 days a week by telephone, Online Banking, or ATM
- FDIC insured, liquid investment - "FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2013."
Student Savings Account - Deposit Rates
- Children learn the value of earning interest on their saved money, as well as the basics of banking.
- $50 monthly minimum balance requirement
- Interest is compounded and credited monthly.
- Available as a Passbook or Statement account
- Available to students between the ages of 7 and 18
- Convenient account access 24 hours a day, 7 days a week by telephone, Online Banking, or ATM
- FDIC insured, liquid investment - "FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2013."
Holiday Club Account - Deposit Rates
- An ideal way to save money for the holiday season, vacations or other important occasions.
- Flexibility to automatically transfer money directly from your Bank of Smithtown Checking Account
- Customize to meet your savings needs
- Convenient account access 24 hours a day, 7 days a week by telephone or Online Banking
- FDIC insured, liquid investment - "FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2013."
eXpress Savings Account - Deposit Rates Open Online Now!
- NO minimum balance required!
- NO monthly fees!
- Open with as little as $.01!
- Interest is compounded and credited monthly.
- Account access provided through Bank of Smithtown Personal Online Banking.
- Transfer funds to or from your initial funding account quickly and easily.
*Maximum of 6 monthly transfers allowed - Convenient account access 24 hours a day, 7 days a week by telephone or Online Banking.
- FDIC insured, liquid investment - "FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2013."
** Please note that our eXpress Savings account is intended to be a completely online account. This account will only be accessible through Bank of Smithtown Peronal Online Banking. When opening with a non-Bank of Smithtown account, funds will only be transferred to or from the initial funding account. It will not be accessible at any of our branch locations or ATMs.**
