Savings accounts and features
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 balance | $100 minimum balance | $1,000 minimum 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 |  |
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| Unlimited Deposits | |
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| Debit / ATM Card | |
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ATM Card Only |
| Online Banking | 4 |
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| 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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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.
