Savings & CDs
No matter what your financial goals, we have the right savings plan for you.
Welcome Savings1 most popular
- No minimum balance to open account or earn interest5
- Keep a $250 daily minimum balance to avoid $5.00 monthly maintenance fee
- Tiered, variable interest rate based on daily account balance
Starter Savings1 aged 17 and under
- For customers aged 17 or under
- No minimum balance; no monthly fee
- Tiered, variable interest rates based on daily account balance
True Advantage Statement Savings1 relationship banking
- Premium savings account for customers who maintain their banking relationship with us5
- This account requires a linked True Advantage Checking or True Advantage Checking Plus Account
- Variable interest rates based on balance tiers
Club Account1 for holiday shopping
- Save for the holidays or for that dream vacation by putting extra money aside weekly.
- Club account pays a variable interest rate, subject to change daily
- No minimum balance requirement and no monthly fee
Health Savings Account* medical savings
Certificates of Deposit2 longer term savings
- We offer a wide range of CD terms at competitive rates
- True Advantage customers qualify for an extra.0.25% APY4 on select CD terms
- $1,000 minimum to open CD
Individual Retirement Accounts2 retirement savings
- Retirement savings plan for anyone with income from employment - for themselves and their non-employed spouses
- Save for retirement and shelter current interest from taxes
- A variety of CD terms available for both Roth and Traditional IRAs
- Under certain circumstances, contributions are tax deductible (see your tax advisor for details)
1 Banking regulations governing savings accounts specify that transfers into another account, or to a third-party by pre-authorized automatic or telephone request are limited to (6) per monthly statement cycle. In-person transactions at a branch or by ATM are unlimited. Interest compounded daily.
2 There are penalties for early withdrawal from a CD or an IRA. Interest is compounded daily.
3 Fees may apply at ATMs not owned by Tompkins Bank of Castile
4 APY = Annual Percentage Yield
5 $25 minimum deposit required to open your account online* Because certain restrictions apply, please seek competent tax advice.