OPEN A SAVINGS ACCOUNT

We believe saving for the future is so important that we made it part of our name. Let us help you plan and prepare by opening a Savings, Money Market, or Certificate of Deposit account.  Whether you want to establish an emergency fund or start saving for your dream vacation, North Shore Trust and Savings has the accounts for you.  For nearly 100 years, our dedicated bankers have helped our customers save for new cars, new homes, college educations, and a comfortable retirements. 

What are your savings for?  

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PASSBOOK SAVINGS

Some ideas are so classically simple they become timeless, and the Passbook Savings account is one of them.  If you’re interested in a straightforward savings account, the Passbook Savings might be the perfect fit.  As the name implies, you will receive a passbook which will serve as your account register.  Your balance, and all transactions will be printed in the book during each visit. While this process may seem to be left over from a bygone era, it still has a place in today’s modern age.  The passbook must be present to make a withdrawal, which makes the account nearly impervious to digital fraud.  This also means the Passbook Savings cannot utilize many of the convenience technologies we offer to access your money, making the account perfect for those who have trouble saving money! The account does allow electronic transfers and direct deposits to help you grow your balance quickly. An initial deposit of $100 is all it takes to open and maintain this FDIC insured account. Savings balances will earn a competitive interest rate, with earnings posted to the account quarterly.

STATEMENT SAVINGS

Looking for a savings account with more flexibility and the convenience of electronic access? Then look no further than our Statement Savings Account.  The Statement Savings works great for the person on the go, allowing 24/7 access through the convenience of electronic deposits and withdrawals.  Since this is an account designed to help you save money, there is no limit to the number of deposits you can make.  However, the account is limited to six (6) electronic withdrawals per month, including by debit card point of sale transaction, pre-authorized debit, or online/telephone transfer.  There is no limit to the number of withdrawals performed in-person or at and ATM machine.  An initial deposit of $100 is required to open and maintain this FDIC insured account.  Savings balances will earn a competitive interest rate, with earnings posted to the account quarterly.    

KIDS CLUB SAVINGS ACCOUNT

Designed with our youngest customers in mind, this account helps children and teens get into the habit of saving.

Minors can open a Kids Club Savings Account with North Shore Trust and Savings with a minimum deposit of only $5. Each child will be issued a passbook with their name printed inside, along with the deposit transaction. All future transactions will also be printed in the passbook, so they can always see a running total of what is in the account. The passbook serves as a visual reminder that even the smallest contributions can add up to big accomplishments as they watch their balance grow.  Adults can help a child grow their Kids Club account through recurring electronic contributions done by direct deposit or online transfer.  

Learning to save is fun and easy with North Shore Trust and Savings Kids Club Account.

MONEY MARKET ACCOUNTS

The best of both worlds: keep the flexibility of our Statement Savings Account AND earn an interest rate comparable to our Certificates of Deposit.  

North Shore Trust and Savings offers two Money Market accounts that provide all the features and flexibility of our Statement Savings accounts, yet rewards higher balance customers with interest rates comparable to our short-term Certificates of Deposit.  Both the Standard and Premium Money Market accounts offer a tiered rate structure so your interest rates go up as your balance does to ensure you’re always making the most of your money.  Money Market accounts offer convenient 24/7 electronic access through direct deposit, pre-authorized debit, online banking, telephone banking, ATM, and by Debit Card.  Both account types offer the additional convenience of limited check writing.   

Money Market accounts are limited to six (6) non-qualifying withdrawals per month. Non-qualifying withdrawals including by check, debit card point of sale transaction, pre-authorized debit, or online/telephone transfer.  There is no limit to the number of withdrawals performed in-person or at an ATM machine when utilizing your Personal Identification Number (PIN).  An initial deposit of $1,000 is required to open the account and receive the stated interest rate on this FDIC insured account.    

No-Minimum

BETTER RETURN THAN REGULAR SAVINGS ACCOUNT

Free-Online

FREE ONLINE BANKING WITH MANAGE MY MONEY EXPENSE TRACKING

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TIERED RATE STRUCTURE REWARDS HIGHER BALANCES

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EARNINGS COMPOUNDED MONTHLY, PAID MONTHLY

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FREE  eSTATEMENTS

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AUTOMATIC TRANSFERS AVAILABLE TO HELP YOU SAVE

Withdrawals

LIMITED TO 6 NON-QUALIFIED WITHDRAWALS PER MONTH

deposit

$1,000 DEPOSIT TO OPEN

CURRENT MONEY MARKET RATES

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CERTIFICATES OF DEPOSIT (CDs)

Few things are 100% certain in this world. But when you open a fixed rate Certificate of Deposit, you get a secure investment with a guaranteed return, so there’s no guesswork involved.  Certificates of Deposit generally provide savers the opportunity to earn a higher rate of return than other bank accounts in exchange for agreeing to keep the account open for specific period of time. North Shore Trust and Savings Certificates of Deposit are offered in a wide range of maturities to fit your investment needs.

Simply choose the term than fits your needs, lock the rate of return, and let us do the rest. At the end of your term, you’ll have your balance plus a solid return on your money. It’s the safest investment option around! Want interest income? Balances of $10,000 or more have the option of automatic interest payments on a monthly or quarterly basis. These interest payments may be received by check or credited to an account of your choice. Visit a Universal Banker to discuss your options or click here for our current rates.

Competitive-Rate

COMPETITIVE INTEREST RATES

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VARIETY OF TERMS TO FIT YOUR GOALS

24-Hour

AUTOMATIC RENEWAL WITH FLEXIBLE GRACE PERIOD

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PENALTY MAY BE APPLIED FOR EARLY WITHDRAWAL

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COMBINED STATEMENT AVAILABLE WITH YOUR OTHER DEPOSIT ACCOUNTS

INDIVIDUAL RETIREMENT ACCOUNTS (IRAs)

We all dream of the day we no longer need to work.  But if you’re not setting aside funds now, retirement might not come as soon as you would like or turn out to be anything like you dreamed. Start saving so that when it’s time to enjoy your golden years, you can afford to do just that! At North Shore Trust and Savings, we offer Traditional and Roth IRA options so you can take full advantage of the tax breaks that benefit you most. With a $100 minimum opening deposit and the freedom to make additional contributions as you’re able, our IRAs are an excellent way to get your retirement savings started.

For those who accumulated retirement savings spread across multiple accounts from different employer, recently changed jobs, or retired; North Shore Trust and Savings’ bankers are experienced in transferring retirement accounts.  IRA Transfers and Rollovers are a great way to consolidate multiple accounts and protect your hard earned savings from stock market fluctuations.

  • Set aside funds for retirement
  • Competitive rates
  • Traditional and Roth IRA options*
  • Fixed and variable rate accounts
  • No setup or maintenance fees
  • Penalty for early withdrawal
  • $100 deposit to open any IRA plan
  • FDIC Insured

*Contact your tax adviser to see which is right for you.

CURRENT IRA AND CD RATES

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HOW TO OPEN A SAVINGS ACCOUNT

license

PRIMARY FORM OF IDENTIFICATION

Minimum of one required:

A state issued Driver’s License is the preferred primary identification. If you don’t have a driver’s license, please bring one of the following: a state identification card, a valid passport or a permanent resident card (Green Card). Disabled or elderly individuals can provide either a Social Security card or Medicare or Medicaid card and additional identification that includes their name and address.

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SECONDARY FORMS OF IDENTIFICATION

Minimum of one primary and at least one of the following are required:

Armed Forces ID Card, Current Utility Bill (water, electric), Student ID with Signature, Social Security Card or ITIN Card or ITIN Letter, Employee ID with picture and signature, Voter Registration Card, Birth Certificate or Marriage Certificate, Firearms Identification Card.

passport

ARE YOU A NON-RESIDENT ALIEN?

Here is a list of accepted forms of identification:

A valid passport, valid and current Matricula Consular ID, or a state identification card. A customer must also present at least one form of approved secondary identification indicating current address. In addition, an IRS W-8 BEN form must be filled out. That form can be found here.