Regardless of what it is you're
saving for, NBC's accounts are
designed to help you meet your
goals!
See below to find out which one of NBC’s personal savings accounts will best suit your needs!
Personal Statement Savings
This account is our basic, Personal Statement Savings account. It is best used for those who are trying to save money but want to still have access to it just in case. It is only $25 to open the account!1 Although it is called a
Personal Statement Savings account, E-statements are available and free for this account.
Other features include:
- An interest rate of 0.05%, and 0.05% APY
- A monthly or quarterly statement option combined with your checking account
- FREE Online and Mobile Banking2
- Access to account with a Visa Debit Card
Open Account Now
1 Minimum of $25.00 deposit to open. A service
charge of $4.00 will be imposed every statement period if the average
daily balance for the account falls below $250.00. Visa Debit Cards may be issued for ATM use only and are subject to Bank
approval. APY = Annual Percentage Yield. APY is variable. Rates are accurate as of 2024/12/07 and are subject to change at any time. Fees may reduce earnings.
2 Standard messaging, Internet and data rates may apply.
Personal Passbook Savings
A Personal Passbook Savings account is a more traditional account at NBC. When making a deposit or withdrawal customers must make sure they always present their passbook at the teller line to complete the transaction. This account is also $25 to open!1
Other features include:
- An interest rate of 0.05%, and 0.05% APY
- Statement provided at the end of every year
Open Account Now
1 Minimum of $25 deposit to open. A service
charge of $4.00 will be imposed every statement period if the average
daily balance for the account falls below $250.00. APY = Annual Percentage Yield. APY is variable. Rates are accurate as of 2024/12/07 and are subject to change at any time. Fees may reduce earnings.
Retirement Accounts
Start saving for your futureā¦ today! NBC offers two types of Retirement Accounts based on your needs: the Traditional IRA
Savings, and the ROTH IRA Savings. No matter which one you choose, you can easily set up automatic deposit to go into the IRA account directly from your paycheck, or from an account to help keep you on track!
Traditional IRA Savings account1
- Contributions may be tax-deductible
- Interest earned is tax-deferred
- Mandatory distributions starting at age 73
- Distributions taxed as ordinary income
- Automatic distributions available
- Earns 0.50% APY
Roth IRA Savings account2
- Contributions made with post-tax funds
- Interest earned is tax-deferred
- No mandatory distributions during holder’s lifetime
- Qualified distributions may be tax-free
- Earns 0.50% APY
1 Contributions may be tax deductible. Consult a tax advisor for more information regarding the tax treatment
of contributions and distributions. No minimum balance required and no monthly service fees. APY = Annual
Percentage Yield. APY is variable. Rates are accurate as of 2024/12/07 and are subject to change at any time. Fees
may reduce earnings.
2 Consult a tax advisor for more information regarding the tax treatment of distributions. No minimum balance
required and no monthly service fees. APY = Annual Percentage Yield. APY is variable. Rates are accurate as of
2024/12/07 and are subject to change at any time. Fees may reduce earnings.