Personal Savings Whatever you’re saving for, start here.

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Savings accounts and features

My Goal Savings

This classic savings account makes saving simple.

Minimum opening balance: $100
Accrues interest: Interest is compounded daily and credited monthly.1

Performance Savings

Earn higher interest rates on your savings.

Minimum opening balance: $50
Accrues interest: Interest is compounded daily and credited monthly.1

Select Savings

An ideal choice for those with higher balances.

Minimum opening balance: $1000
Accrues interest: Quarterly1

Young Savers

It’s never too early to start saving.

Minimum opening balance: $25
Accrues interest: Interest is compounded daily and credited quarterly.1

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Apply online or stop into your local branch.

3 steps to your new savings account

  1. Choose your account.
  2. Have these things ready:
    - Valid Government-Issued Identification
    - U.S. Social Security Number
    - U.S. Citizenship or Resident alien status
  3. Fund your account with as little as $50.
Compare Savings Accounts
Savings accounts My Goal Open an account Performance Open an account Select Open an account Young Savers5 Learn More                    
Opening Deposit $100 $50 $1000 $25
Avoid service charge with a minimum balance of $100 minimum daily balance $50 minimum daily balance $1,000 minimum daily balance No minimum balance
Service charge (if requirements aren’t met) $5 monthly $2.50 monthly $15 quarterly $0
Interest Paid Monthly Monthly Quarterly Quarterly
Withdrawals Permitted up to six withdrawals per month2 Permitted up to six withdrawals per month2 Permitted up to six withdrawals per month2 Permitted up to six withdrawals per month2
Online Statements Icon-checked Icon-checked Icon-checked Icon-checked
Unlimited Deposits Icon-checked Icon-checked Icon-checked Icon-checked
Bill Pay Icon-checked Icon-checked Icon-checked Icon-checked
Debit / ATM Card Icon-checked Icon-checked Icon-checked ATM Card Only
Online Banking Icon-checked 4 Icon-checked 4 Icon-checked 4 Icon-checked 4
Paper Statement Received Monthly Monthly Monthly Quarterly
Additional features
Earn a higher rate of interest on balances of $0- $100,000 When prerequisites are met.6 A monthly statement, reflecting all activity since the previous month, is provided if an ATM or Debit transaction occurs.3 A monthly statement, reflecting all activity since the previous month, is provided if an ATM or Debit transaction occurs.3
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Ready when you are

Start saving today with an account that matches your goals.
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High-interest options available

For savers who desire a higher rate of interest.
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The tools to succeed

All savings accounts come with tools to help you reach your goals, including online banking, mobile banking, and access to our Spending tool.

Build a legacy that protects your family’s best interests.

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Additional savings options

Certificates of Deposit (CDs)

A higher-rate, longer-term investment option.

Money Market Select

Safely earn a competitive interest rate on your balance and take advantage of the ability to write checks.

HSAs

Set aside tax-free funds for healthcare expenses.
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Insights Resources to help you meet your savings goals

Article Budgeting and Saving Guide: How to Create a Monthly Budget

Learn more

Infographic Money Market vs. CD vs. Savings Accounts - A Comparison

Learn more

1 Accrued interest is available for closing withdrawals.

2An excessive withdrawal fee of $5 will be charged for nonexempt withdrawal or transfer in excess of six per month or statement cycle of at least four weeks, as applicable. The following withdrawals and transfers are exempt from this limitation: withdrawals or transfers made at an ATM, made in person at a teller window, requested by U.S. postal mail, made for purposes of making payments on Cadence Bank loans, made in person to initiate a wire transfer, and made by telephone or fax where a check is mailed directly to the account holder."

3 This "Memo" statement does not affect the quarterly interest payment schedule.

4Please see the Cadence Bank Account Information Statement for more details regarding savings accounts.

5With the Young Savers account, a parent or legal guardian is required to hold the account jointly with the minor if the minor is to have access to the account. When minor reaches 18, the account will convert to My Goal savings account.

6Earn the Higher Rate on balances of $100,000 or less during each interest cycle when you have both a combined statement and make a minimum of $50 in total deposits into your Performance Savings account through either Online Banking transfer or ACH deposit. If you don't meet these prerequisites, you will earn the Standard Rate for the interest cycle. The Standard Rate always applies on balances over $100,000. A Performance Checking account is required to open a Performance Savings account.

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