Personal Savings

Whether you’re putting away money for a special purchase, building personal wealth, or saving for an unexpected expense, The PrivateBank offers a variety of savings options to help you reach your short and long-term financial goals.

PrivateBank Savings PrivateBank Money Market Christmas Club
Best for clients who want

A savings account with a low minimum balance requirement, unlimited in person withdrawals and the ability to earn a higher interest rate as your balance increases.

A money market account that earns a competitive interest rate and allows unlimited in person withdrawals to provide liquidity and easy access to your money.

A hassle-free savings account designed to help you save for holiday gifts. Earn interest and watch your savings grow with an automatic transfer of funds throughout the year.

Account earns interest

Yes

Yes

Yes

Account maintenance fees

$3 fee per quarter if the account balance falls below $250 any day in the statement cycle.

$15 fee per monthly statement cycle  if the daily account balance falls below $2,500.

None

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Certificate of Deposit (CD) Jumbo CD
Best for clients who want

A low-risk investment that earns a guaranteed return with fixed interest rates and a choice of term lengths.

A low-risk investment with a $100,000 minimum balance requirement that earns a guaranteed return with fixed interest rates and a choice of term lengths.

Account earns interest

Fixed interest rate and Annual Percentage Yield (APY)

Fixed interest rate and Annual Percentage Yield (APY)

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