Savings with flexibility! Open your account with as little as $1.00, and make deposits, withdrawals or transfers to another Saddle River Valley Bank account by using internet banking, preauthorized transfer or any ATM.
Features
Statement Savings
Opening Deposit
$1.00
Interest Bearing
Yes
Refer to Current Rates section for interest rate and Annual Percetage Yield.
ATM Access
Yes
Branch Transactions
Free and Unlimited
SRVB Online Banking with Billpay
Yes
FDIC Insured
Yes, up to the legal limit
Maintenance Fees
If the average daily balance for the monthly statement cycle falls below $100 a $2 maintenance fee will be charged
Step-Above Savings
Step-Above Savings account offers interest step-ups based upon the average daily balance for the monthly statement cycle.
Features
Step Above Savings
Opening Deposit
$1.00
Interest Bearing
Yes
Refer to Current Rates section for interest rate and
Annual Percetage Yield.
ATM Access
Yes
Branch Transactions
Free and unlimited
SRVB Online Banking with Billpay
Yes
FDIC Insured
Yes, up to the legal limit
Maintenance Fees
No monthly maintenance fees
Standard Money Market Account
Save more to earn more with tiered interest rate step-ups, and enjoy up to six transactions per statement cycle.
Features
Standard Money Market
Opening Deposit
$1.00
Interest Bearing
Yes
Refer to Current Rates section for interest rate and
Annual Percetage Yield.
ATM Access
Yes
Check Writing
3 per statement
Transactions
Six transactions per statement cycle with no fees
SRVB Online Banking with Billpay
Yes
FDIC Insured
Yes, up to the legal limit
Maintenance Fees
No monthly maintenance fees
Additional Fees
A $15 transaction charge will be assessed if you exceed the transaction limits.
KIC Savings (Kids In Charge)
We know you can never be too young to start learning about savings. Our KIC Savings account is the perfect way to teach your children about the benefits of saving. The account can be opened by a parent or guardian for anyone under 21 years of age.
Features
Kid in Charge (KIC) Savings
Opening Deposit
$1.00
Interest Bearing
Yes
Refer to Current Rates section for interest rate and
Annual Percetage Yield.
ATM Access
none
Branch Transactions
Free and Unlimited
SRVB Online Banking with Billpay
Yes
FDIC Insured
Yes, up to the legal limit
Maintenance Fees
No monthly maintenance fees
Certificates of Deposit
Choose rates and terms to fit your short or long-term savings goals and enjoy yields guaranteed to maturity. Interest on all of Saddle River Valley Bank’s CD’s is compounded daily and can be paid monthly, quarterly, semi-annually or at maturity by transfer to another Saddle River Valley Bank account or by check. A penalty may be imposed for early withdrawal. An early withdrawal will reduce earnings.
Features
Certificates of Deposit
Opening Deposit
$500
Interest Bearing
Yes
Refer to Current Rates section for interest rate and
Annual Percetage Yield.
ATM Access
none
Terms
From 6 months up to 5 years
SRVB Online Banking
Yes, you may view your certificate of deposit if you have an existing checking or savings.
FDIC Insured
Yes, up to the legal limit.
Fee
A penalty may be imposed for early withdrawal. An early withdrawal will reduce earnings.
Individual Retirement Accounts
Invest for your future in one of our tax-deferred IRA’s. Both Roth and traditional IRAs at Saddle River Valley Bank are available in certificate of deposit accounts with various terms.
Features
Individual Retirement Accounts
Opening Deposit
$500
Interest Bearing
Yes
Refer to Current Rates section for interest rate and
Annual Percetage Yield.
ATM Access
none
Terms
From 6 months up to 5 years
Types
Traditional & Roth
SRVB Online Banking
Yes, you may view your certificate of deposit if you have an existing checking or savings.
FDIC Insured
Yes, up to the legal limit.
Fee
A penalty may be imposed for early withdrawal. An early withdrawal will reduce earnings.
