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Compare Savings Accounts & CDs

What's the best type of account to help you save money? A personal savings account or certificate of deposit. Compare your options with Cadence Bank.

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For those who have designs on happy days on the horizon — from holiday gifts to college tuition to a brighter retirement — Cadence Bank savings accounts put flexibility and earning power at your fingertips.

 

  Personal Savings  Propel Savings Advantage Money Market Market Investment Savings First Step Savings Ascent Money Market
Key Benefits Lets you build over time Makes it easy for 
saving to become
a habit
Premium rates for higher balances and greater access to your funds  Grows your savings faster with rates competitive with short-term CDs and money market funds For young investors just starting out; Simple, affordable savings  Competitive rates on high balances with convenient access to funds
Minimum Opening   Deposit $50 $25 $50 $50 $10 $50
Monthly Service Fee No service fees for balances of $250 or more; or $4 with a lower balance  No monthly service fee. Requires at least $25 monthly auto-deposit from personal checking to Propel Savings.1 No service fees for balances of $5,000 or more; or $10 with a lower balance  No service fees for balances of $25,000 or more; or $20 with a lower balance No minimum balance requirements No service fee for balances of $25,000 or more; or $10 with a lower balance
Tiered Interest Structure No Yes Yes Yes No Yes
Minimum Balance to Earn Interest $100  Interest earned on all positive balances up to $25,0001 $1,500 Interest earned on all positive balances Interest earned on all positive balances Interest earned on all positive balances
Monthly Transactions Two at no charge, then $2 per transaction in excess of two2 Two at no charge, then $2 per transaction in excess of two2  Six withdrawals per statement cycle, then $8 per debit transaction in excess of six2  Two at no charge, then $2 per transaction in excess of two2 Two at no charge, then $2 per transaction in excess of two2 Six withdrawals per statement cycle, then $8 per debit transaction in excess of six2 
Online Banking Y Y Y Y Y Y
E-Statements3 Y Y Y Y Y Y
24/7 Telephone Banking Y Y Y Y Y Y
Mobile Banking4 Y Y Y Y Y Y

 

Want to make even more from your money? We also offer FDIC-insured CDs and IRAs for your longer-term investments. CDs and IRAs offer guaranteed rates of return along with the security of being FDIC insured. 

 

Visit a local Cadence Bank branch to discuss your options and begin your banking relationship with us. If you have questions regarding an existing banking account with Cadence, contact Cadence Customer Service. 

 

 

THE FINE PRINT MADE CLEAR

 

 

 

1Requires recurring auto-deposit from Cadence personal checking of at least $25 in aggregate monthly. Propel account converts to Personal Savings account if auto-transfer of at least $25 in aggregate does not occur in month prior.  If Propel account balance exceeds $25,000, the interest rate will change to be the same as Personal Savings.

 

2The number of withdrawals or transfers from a savings or money market account is limited to six per month by in-person withdrawals, pre-authorized transfer, automatic or telephone transfer, checks, drafts, debit card and similar transactions.

 

3Account holders enrolled in Cadence Online Banking may opt to receive secure e-statements at up to three email addresses.

 

4Mobile Banking is free from Cadence but fees may apply from your mobile service provider.

 


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