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Choose Flexible Savings Accounts to Grow Your Money
Explore savings accounts that help you reach your financial goals in Houston. Plains State Bank offers flexible options for every stage of life.
Saving Made Simple in Houston
Saving money is important for both short-term needs and long-term goals. If you want to set aside funds for emergencies, a big purchase, or retirement, Plains State Bank can help.
We offer a variety of savings options to meet different needs, and our accounts are designed to make saving easy, with convenient access to your money, competitive interest rates, and low minimums to get started.
Our branches provide local, personal support to guide you through choosing the right account and planning your savings strategy.
Personal Savings
Profile: maintains low balances with easy access to funds
Minimum to open – $50
Monthly maintenance fee – $10
Minimum daily balance to avoid monthly maintenance fee – $50
Interest compounding monthly
Unlimited over the counter withdrawals
Excessive withdrawal fee – $5 per transaction
Federal Restrictions Apply *
Young Savers
Profile: available for our customers under 18 years of age
- Minimum to Open – $50
- Quarterly maintenance fee – $0
- Minimum daily balance – $0
- Interest compounding monthly
- Unlimited over the counter withdrawals
Certificates of Deposit (CD)
- Competitive Rates (View current CD rate)
- Minimum to open – $1,000
- Interest compounding monthly
- Variety of maturities
- Penalty for early withdrawal
Individual Retirement Account (IRA)
- Allows deferral of taxes on income earned until withdrawn
- Minimum to open – $1,000
- Interest compounding monthly
- Variety of maturities, fixed rate and variable rate options
* Federal regulations limit the number of transfers to another one of your accounts at Plains State Bank or to a third party by means of a pre-authorized or automatic transfer, computer transfer, or by check, draft, debit card, or similar order, to a combined total of six per statement cycle for Savings accounts and six per statement cycle for Money Market accounts. This includes Plains State Bank online banking transfers and bill payments.
Benefits of Plains State Bank Savings Accounts
Our savings products are built to help you grow your money safely and effectively. Personal Savings accounts are perfect for maintaining smaller balances while keeping funds accessible. Young Savers accounts help children and teens start learning about money early, with no maintenance fees and flexible access.
For those focused on higher growth, Certificates of Deposit (CDs) provide competitive rates with a variety of maturities, helping you earn more on funds you can leave untouched. Individual Retirement Accounts (IRAs) give you options for tax-deferred growth and flexibility with fixed or variable interest rates.
All accounts come with online and mobile banking, letting you monitor balances, transfer funds, and manage your savings from anywhere. Our Houston teams offer personalized guidance, ensuring you select an account that fits your goals and lifestyle.
With Plains State Bank, you get local expertise, modern banking tools, and a personal experience tailored to your needs.
Frequently Asked Questions
How Do I Open a Savings Account?
You can open a savings account with a minimum deposit of $50 at any Plains State Bank branch. Our staff in Houston will help you choose the account that fits your needs and guide you through the process.
Are There Monthly Fees?
Some accounts, like Young Savers, have no maintenance fees. Other accounts have low fees that can be avoided by maintaining a minimum daily balance.
Can I Earn Interest on My Savings?
Yes. All Houston savings accounts, CDs, and IRAs earn interest that compounds monthly. CDs and IRAs may offer higher rates depending on the term and type of account.
Are There Limits on Withdrawals?
Federal regulations limit certain withdrawals from savings accounts and money market accounts to six per statement cycle. Our staff can explain these restrictions and help you manage your account.
Can Children Open Accounts?
Yes. Young Savers accounts are TUTMAs, Texas Uniform Transfers to Minors Accounts, which allow parents or grandparents to set up a custodial account for a minor from birth to age 18. These accounts offer no maintenance fees and unlimited over-the-counter withdrawals.
Is Online and Mobile Banking Available?
All savings accounts come with online and mobile banking. You can track your progress, transfer funds, and manage your accounts anytime.
How Can I Plan for Long-Term Goals?
Our Houston-based staff can help you plan long-term savings strategies, including CDs and IRAs, to maximize growth and prepare for retirement or other future goals.
Start Saving With Plains State Bank
Take the next step toward your financial goals with a Plains State Bank savings account. Contact us or visit a Houston branch to get started and enjoy flexible, local banking support.