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Magnate Savings accounts

Move toward financial confidence and start saving for your personal goals with Magnate savings products. There’s a savings solution to meet every one of your needs—no matter where you are in your financial journey. Explore your options below, or talk with a Magnate representative for guidance on how to get the most out of your banking experience.

Magnate Savings account gives you competitive interest rates and great benefits.

No monthly maintenance fee

Platinum Savings

Daily Balance* Annual Percentage Yield (APY) Interest Rate
Under $1,500 0.05% 0.05%
$1,500 to $9,999 0.05% 0.05%
$10,000 to $49,999 0.06% 0.06%
$50,000 to $99,999 0.10% 0.10%
$100,000 to $499,999 0.10% 0.10%
$500,000 and above 0.10% 0.10%

Goal Savings

Daily Balance* Annual Percentage Yield (APY) Interest Rate
Under $1,500 0.05% 0.05%
$1,500 to $9,999 0.05% 0.05%
$10,000 to $49,999 0.06% 0.06%
$50,000 to $99,999 0.10% 0.10%
$100,000 to $499,999 0.10% 0.10%
$500,000 and above 0.10% 0.10%

Standard Savings

Daily Balance* Annual Percentage Yield (APY) Interest Rate
(any balance) 0.01% 0.01%

* You must maintain the minimum balance needed for each tier in order to earn the Annual Percentage Yield (APY) disclosed. All rates and APYs are subject to change after the account is opened. Fees could reduce earnings on the account. Interest rates currently offered on all deposit accounts are determined at the bank's discretion and may change daily. We use the daily balance method to calculate interest on all deposit accounts. This method applies a daily periodic rate to the principal in the account each day. Interest on your check deposit begins to accrue on the business day we receive credit for the deposit on all accounts. Interest will be compounded daily and credited to your account monthly for all savings accounts, except Standard Savings, which is paid quarterly. If you close your account before interest is credited you will not receive the accrued interest.

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