Personal Savings Accounts Comparison

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

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

Minimum Opening   Deposit

$50

$25

$50

$50

$10

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

Tiered Interest Structure

 No

Yes

Yes

Yes

 

 No

Minimum Balance to Earn Interest

$100

Interest earned on all positive balances up to $5,0001

$1,500

Interest earned on all positive balances

Interest earned on all positive balances

Monthly Transactions

Two at no charge; then $2 per additional transaction2

Two at no charge; then $2 per additional transaction2

62

 

Two at no charge; then $2 per additional transaction2

Two at no charge; then $2 per additional transaction2

Online Banking

Y

Y

Y

Y

Y

E-Statements3 

Y

Y

Y

Y

Y

24/7 Telephone Banking

Y

Y

Y

Y

Y

Mobile  Banking4

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

 

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 $5,000, the interest rate will change to be the same as Personal Savings.

2Regulations limit the number of withdrawals or transfers from a savings or money market account to six per month by 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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