Statement Savings Account

Build your future with confidence by opening a Statement Savings Account at Forward Bank, designed to meet the needs of individuals and families in Wisconsin and Minnesota. With account features like no minimum to open, free direct deposit, and easy access through digital banking, it’s designed to help you build your savings effortlessly while keeping your money within reach whenever you need it.

Features of statement savings account:

• No minimum to open: Start saving without any initial deposit requirements, making it easy to get started right away.
• Unlimited deposits: Add to your savings as often as you like with no restrictions on deposits.
• Withdrawal limitations: Up to six pre-authorized withdrawals or automatic transfers per month to help you save more consistently.
• Low balance fee: A $5 quarterly fee applies if your average balance falls below $100, encouraging you to keep building your savings.
• Quarterly interest earnings: Interest is posted quarterly on balances of $100 or more, helping your savings grow over time.
• Free direct deposit: Enjoy peace of mind knowing your paycheck is deposited automatically, even when you can’t make it to the bank.
• Free ATM card: Access your savings easily with a free ATM card, giving you convenient access to our ATM banking network anytime you need it.
• Optional overdraft protection: Link your savings to your checking account for optional overdraft protection, adding an extra layer of security and helping you avoid unexpected fees.
• Digital banking access: Manage your savings anytime, anywhere with our online and mobile banking options.

Moving Your Savings Forward

Finding the right personal savings account can feel overwhelming, but understanding your options makes all the difference. Whether you’re looking for a standard savings, joint account, or children’s account, our local team is here to guide you through the features, ensuring you select the best fit for your financial goals and saving habits.