At Baylake Bank, helping our clients reach their financial goals is important to us. Fortunately, our straightforward Statement Savings account makes that easy. Simply set aside in any amount of your choosing, at any time – or set up direct deposit to build your balance automatically.
Every dollar deposited earns competitive interest, putting you that much closer to your goals or just further padding your rainy day fund. As little as $100 is all you need to get started saving today.
*You may make up to six pre-authorized withdrawals each calendar month by check, draft, debit card, or similar order. Pre-authorized transfers include automatic transfers to another deposit account or to a third party accomplished by written or oral agreement, telephone instructions, electronic means, or automatic clearing house (ACH) at a predetermined time or on a fixed basis. There is no restriction on transfers to your loan account at Baylake Bank, or withdrawals made in person, ATM, or by mail. Excess activity fee (Reg D) is $9.00 per withdrawal over six pre-authorized withdrawals. Under federal law, the Bank reserves the right to require at least seven days prior written notice of withdrawal from the account. However, unless notified by the Bank, you may withdraw your funds at any time. Your savings account may be subject to certain fees, charges, and penalties including the loss of the stated interest rate if you fail to maintain the required minimum balance. Fees may reduce earnings.