Personal Banking
Make those plans for the future a reality
Whether saving for a rainy day, retirement or a milestone event, now’s the time to get started on a better tomorrow with our savings solutions.
Let’s work together to find the savings plan that’s right for you.
Statement Savings — flexible solutions for both short and longer term goals:
- Easy access to your money online, in-person, over the phone or at the ATM
- $25 minimum to open
- Tiered interest rates
Chelsea U Savings — part of the Chelsea U Student Banking program designed specifically for young adults ages 13-22.
- Easy access to your money online, in-person, over the phone or at the ATM
- $25 minimum to open
Passbook Savings — build savings by controlling your spending. These accounts cannot be linked to a debit card or used for online transfers.
- $25 minimum to open
- No monthly maintenance fee if minimum balance is met
- Tiered interest rates
- Passbook must be present with account holder to withdraw funds during normal banking hours
Club Savings — save funds all year long for a specific vacation, holiday, event or goal:
- $1 minimum to open
- No monthly maintenance fee
- Minimum to earn APY $1.00 (no tiered rates)
- Deposits can be made electronically or in person; account holder sets the budget
Money Market* Account — save money, earn interest and write checks:
- Rates typically higher than a savings account
- $5,000 minimum to open
- Tiered interest rates
Certificates of Deposit — lock in a competitive rate and benefit from flexible terms for longer term goals:
- Rates typically higher than a savings account
- No monthly maintenance fee
- Penalties may be imposed for early withdrawal
- Terms range from 3 to 60 months
Retirement Accounts — choose from Traditional, Roth and Educational IRA’s, Self-employed Plans (SEPs) and more. Looking for professional advice?
- Fixed terms available, certain restrictions may apply to variable rate options
- Account contribution minimums and maximums vary on plan type
- Interest earned may be tax-deferred, consult a tax advisor
Health Savings Accounts — a triple tax-advantaged savings and spending account:
- Helps build your health savings faster — for your future or today’s qualified healthcare expenses
- Consult your tax advisor
Ready to get started?
Whether in-person or online, a Chelsea Groton team member can help customize your banking experience to your needs and guide you through account-opening.
*Federal regulation limits certain types of withdrawals and transfers out of your money market account to a maximum combined total of six (6) per month or monthly statement period. Excessive withdrawals may result in account closure or change of account type. Checks written per month in excess of three (3) will be subject to a fee; please refer to the Schedule of Charges.
