Savings + Money Market
Northrim Bank offers a variety of personal savings accounts to satisfy your unique financial needs. For your convenience, all of our personal savings accounts include:
- Free Online Banking with Mobile and Text Banking access
- Free Online Statements
- Free online access to FinanceWorks™ - powered by Quicken®
| How much do I need to deposit to open the account? |
$100
|
$1,000
|
$5,000
|
$5 |
| Is there an account service charge? | $4.50 per quarter | $6.00 per month | $10.00 per month | No |
| How can I avoid the account service charge? | Keep your average daily collected balance above $100 | Keep your minimum balance above $2,000 | Keep your average daily collected balance above $5,000 | No balance requirement or monthly account service charge |
| Does this account earn interest? | Yes Three tiers of interest view rates |
Yes Three tiers of interest view rates |
Yes Five tiers of interest view rates |
Yes view rates |
| How many withdrawals can I make each month? | Unlimited ATM and in-person withdrawals, up to six per month by other means | Unlimited in-person withdrawals, up to six per month by other means (ATM access not offered) | Unlimited ATM and in-person withdrawals, up to six per month by other means | Unlimited ATM and in-person withdrawals, up to six per month by other means |
| Is there a fee if I make additional withdrawals? | $5.00 each | $5.00 each | $5.00 each | $5.00 each |
| Can I link this account to my checking account for overdraft protection? | Yes | No | Yes | No |
Understand Your Account
We want to cover all the bases and ensure you understand your new account 100%
- "Excess Withdrawal" is defined as more than six debits per month for Classic Savings, Kids' Club Savings, Money Market, and Performance Indexed (does not include ATM or in-person withdrawals). Excess withdrawal fee is $5.00 each.
- ATM access offered on the Classic Savings, Performance Indexed and Kids' Club accounts.
- Option to write checks on the Money Market account.
- Quarterly statements cover Classic Savings accounts while monthly statements cover Money Market, Performance Indexed and Kids' Club accounts.
- Interest accrues daily and is paid monthly on the Money Market and Performance Indexed accounts. Interest accrues daily and is paid quarterly on the Classic Savings and Kids' Club accounts.
- The Northrim Bank Deposit Account Agreement, Disclosures, Rules and Regulations and Electronic Banking Rules and Regulations apply to your new account. Refer to Northrim's Personal Fee Schedule for more details on other service fees.
