Consumer Savings & Investments

Watch your savings grow in a Silver Lake Bank Free Kasasa Saver^®, Regular Savings, Sterling Money Market Advantage, Certificate of Deposit, Individual Retirement Accounts (IRA), or Health Savings Accounts.

Free Kasasa Saver^®

Simplify saving with our Free Kasasa Saver^®. It links to your free Kasasa^® checking to help you build your savings automatically.

Whenever you earn rewards in your Kasasa^® checking, those earnings auto-transfer into Kasasa Saver^®. Kasasa Saver^® also pays additional interest on your qualifying balance! You could earn:

2.00% APY* on balances up to $50,000
2.00% to 0.87% APY on balances over $50,000 depending on balance in account*
0.05% APY* if qualifications are not met in your free Kasasa^® checking account

*Click here for full details on our Free Kasasa Saver^® Account.

Regular Savings

$50 will open account
No quarterly service charge if an ALB¹ of $200 or more is maintained. If ALB¹ falls below $200, a $9 quarterly service charge will apply ($3 each month ALB¹ less than $200).
Accounts with electronic activity will receive a monthly statement. No charge if an ALB¹ of $200 is maintained; otherwise, a $3 monthly service charge will be assessed.
Subject to regulatory withdrawal limitations.²
Up to 3 withdrawals per month free. Additional withdrawals are $1 each. No fee for ATM³ withdrawals and Internet Banking transfers.
Interest compounded and credited quarterly on month end statement dates in February, May, August, and November.
Accounts for children under 18 can be opened with any amount and will not receive the monthly service charge.
eStatements are free. Paper statements are $3 per statement period.

Click here to open a Regular Savings Account.

Sterling Money Market Advantage Account

Specially designed package of banking privileges and discounts for customers wanting to obtain higher yields on their funds while not sacrificing the safety of the funds.

$1,000 will open the account
Monthly service charge
ALB¹ of $2,000 or more — no monthly service charge
ALB¹ less than $2,000 — $5 monthly service charge
Subject to regulatory withdrawal limitations²
No fees for ATM³ and in person transactions. All other type withdrawals posted per month in excess of 6, are $2 each.
Interest compounded and credited on each monthly statement date.
eStatement is free. Paper statements are $3 per statement period.
No fee for ATM³ transactions at SLB or other Transfund surcharge-free ATMs.
No fee on money orders or cashiers checks
10% discount on annual safe deposit box rental
Free Sterling Checks

Certificates of Deposit

$500 will open account
Variety of terms available to accommodate your needs
Interest compounds quarterly on maturities of twelve months or longer
Interest payment options available
Automatically renewable for your convenience

Individual Retirement Accounts

$500 will open account
Variety of terms and types available to accommodate your needs
Interest compounds quarterly on maturities of twelve months or longer
Automatically renewable for your convenience
No administrative fees to open or maintain

Health Savings Accounts (HSA)

Health Savings Accounts are used to pay the health care costs of participants enrolled in a high deductible health plan specifically approved for use with HSA's. Your insurance provider can tell you if your policy qualifies you for a Health Savings Account. The money deposited, as well as the interest earned, is tax-deferred. Use HSA funds to pay for qualified medical expenses tax-free.

Silver Lake Bank has the following types of Health Savings Accounts options; checking account, money market investment account and certificate of deposit. The minimum opening deposit for the checking or money market investment account is $100. The certificate of deposit requires $500. A low one time set-up fee of $15 for your first HSA is assessed at account opening.

HSA Checking

Pay your health care expenses with a variety of payment options such as check writing, VISA^® Debit card and bill pay. The features of this account are listed below.

Monthly service charge is $5. When your monthly ALB¹ is $2,500 or greater, your charge is $0.
Earn interest by receiving tiered premium rates on your ledger balance. Interest compounds monthly.
1st set of 50 checks free.
Unlimited check writing.
Free VISA^® Debit Card.
Free Silver Express Internet Banking allowing online access to your account.
Free Online Bill Payment when 2 or more bills are paid each month.⁴
eStatement is free. Paper statements are $3 per statement period.

HSA Sterling Money Market Advantage

Ideal for the eligible HSA participant who desires an interest rate higher than what is paid on the HSA checking account. Funds can be parked in this account until medical expenses are incurred, then transferred by you to the HSA checking account for proper documentation of HSA distributions for tax reporting purposes. The features of this account are listed below.

Monthly service charge is $5. When your monthly ALB¹ is $2,000 or greater, your charge is $0.
Earns interest by receiving competitive tiered money market rates on your ledger balance. Interest compounds monthly.
Free Silver Express Internet Banking allows online access to your account with the ability to transfer to your HSA checking for payment of medical expenses.
eStatement is free. Paper statements are $3 per statement period.
Subject to regulatory withdrawals limitations.²
No fees for ATM³ and in person transactions. All other type withdrawals posted per month in excess of 6, are $3 each.

HSA Certificate of Deposit

An option for savers accumulating HSA funds and paying medical expenses out of pocket. Certificates of Deposit offer fixed rates of interest. Early withdrawal penalties apply.

Variety of terms available to accommodate your needs.
Interest compounds quarterly on maturities of twelve months or longer.
Automatically renewable for your convenience.

¹ALB= Average Ledger Balance
²Regulatory Limitations - Unlimited access to account when made in person or through ATM withdrawals. Six preauthorized/automatic funds transfers (which includes checks) are allowed per month. No checks can be written on regular savings.
³No fee at SLB ATMs or other TransFund Surcharge-free ATMs. See complete list.
⁴Bill Payment = Silver Express Online Bill Payment is available free to consumer customers who pay two (2) or more bills per calendar month. Consumers paying less than two (2) bills per month will be assessed a $5 monthly service charge.