Multiple Options Available
Traditional IRAs - Roth IRAs - Simplified Employee Pension (SEPS) - Coverdale Education Savings Accounts (CESA)
Competitive - Tiered Interest Rates
Competitive, tiered interest rates paid on balances of $500 or more with larger balances automatically receive higher rates.
May Qualify You to Join Our Premier Club
See how to join today — and start enjoying fun perks!
eStatements
Secure, convenient, and easy access to your account statements online anytime.
$100 Minimum Deposit to Open Savings Account - $500 Minimum for CDs
Contribution Limits Apply*
Short or Long-Term Savings Goals Through Savings Accounts or CDs
No Setup or Maintenance Fees
Individual Retirement Accounts
It’s never too soon to save for your future.
Start planning for your future today with an Individual Retirement Account (IRA) designed to help you make the most of your retirement years.
Traditional IRAs
A Traditional IRA is a retirement savings account that allows you to make tax-deductible contributions, helping you save for the future while potentially lowering your taxable income today. Your money grows tax-deferred, meaning you won’t pay taxes on the earnings until you withdraw funds in retirement. This account is a great option for individuals who want to build their retirement savings and possibly benefit from tax advantages now, while planning for a secure financial future.
Types of Individual Retirement Accounts
Get the most out of your golden years with a retirement account as unique as you.
Comparison Snapshot
A Savings Account Tailored to Your Needs
Compare our personal savings accounts side by side to find the best fit for your banking needs. See features, benefits, and fees at a glance to make your choice easy.
Account | Minimum Opening Deposit | Minimum Balance Requirement | Monthly Service Charge (or fees) | Free Online Banking and Mobile Banking | Interest Earned | Access to MoneyPass Network |
|---|---|---|---|---|---|---|
Community Savings | $100 | $100 | $3 if minimum balance not met | ✔️ | ✔️ | ✔️ |
Money Market | $100 | $2,500 | $10 if minimum balance not met | ✔️ | ✔️ | ✔️ |
Executive Money Market | $100 | $25,000 | $15 if minimum balance not met | ✔️ | ✔️ | ✔️ |
Health Savings Accounts | $100 | $200 | $7 if minimum balance not met | ✔️ | ✔️ | ✔️ |
Student Savings | $10 | None | None | ✔️ | ✔️ | ✔️ |
Custodial (UTMA) Account | $10 | None | None | ✔️ | ✔️ | ✔️ |
What is a high yield savings account?
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A high yield savings account is a type of savings account that offers a higher interest rate compared to traditional savings accounts. This means your money earns more interest over time, helping you grow your savings faster. High yield savings accounts are a great option if you want to maximize your earnings while still keeping your funds safe and easily accessible.
At D.L. Evans Bank, our high yield savings accounts are designed to help customers make the most of their money. These accounts typically have competitive interest rates and may require a higher minimum balance to open or maintain the account.
If you’re interested in earning more on your savings, stop by your local D.L. Evans Bank branch or chat with one of our Digital Bankers to learn more about our current high yield savings options and how they can fit your financial goals.
What is the advantage of having a savings account?
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A savings account offers several important advantages for managing your finances. First, it provides a safe and secure place to set aside money for future needs, emergencies, or specific goals—such as a vacation, a new car, or education expenses. At D.L. Evans Bank, your savings are federally insured up to the allowable limits, giving you peace of mind.
Additionally, savings accounts earn interest, helping your money grow over time without any risk to your principal balance. Having a separate savings account also makes it easier to track your progress toward your financial goals and avoid the temptation to spend funds that are meant to be saved.
With many different types of savings accounts we have one to fit your financial goals.
Do savings accounts earn interest?
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Yes, savings accounts at D.L. Evans Bank do earn interest. When you open a savings account with us, your money grows over time through interest that is paid regularly and added to your account balance.
For more information about our current savings account interest rates, or to find the best savings option for your financial goals, please visit your local D.L. Evans Bank branch, or connect with one of our Digital Bankers through Video Banking. Our team is always happy to help you make the most of your savings.
What do I need to open a savings account?
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To open a savings account, you’ll need a few key items:
A valid, government-issued photo ID (like a driver’s license or passport)
Your Social Security Number
Proof of address (such as a utility bill or lease agreement)
The required initial deposit (amount varies by account)
For any account-specific requirements or further assistance, please visit a branch or speak with one of our Digital Bankers.
How to open a savings account?
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You can open a new savings account in person at any D.L. Evans Bank branch.
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