Develop Your Savings Strategy with the Right Account
No matter your age, having the right savings account is critical to allowing you to execute your savings strategy. At The Bank of New Glarus, we offer traditional savings accounts, as well as Money Market accounts that feature tiered interest rates based on your account balance. We even have an account to teach your child the value of saving smartly. If you’re interested in opening a savings account, click the button below to complete our online application. If you have any questions about our savings accounts, please contact your local office.
Compare Our Savings Account Options
Choose this account if... | Minimum balance to avoid monthly fee | Does this account earn interest? | Account service fees | Special features | How to Apply | |
|---|---|---|---|---|---|---|
Select Savings | You want a traditional savings account focused on simplicity. | $100.00 | Yes | $2.00 (waived if minimum monthly balance of $100.00 is maintained) | Service charge waived for account holders under the age of 18 Free online banking and eStatements Unlimited deposits
| |
Money Market | You want an account that rewards you for maintaining a higher balance with tiered interest rates. | $1,000.00 | Yes | $10.00 (waived if minimum monthly balance of $1,000.00 is maintained) | Free online banking and eStatements Unlimited deposits | |
Young Savers* | You want to teach your child under the age of 14 the value of savings. | $0 | Yes | None | When you open your child’s Young Savers account, they’ll receive a Bank of New Glarus piggy bank to kickstart their savings journey. Plus, when your child makes a $25 deposit within 30 days of their birthday, they’ll receive a $10 birthday bonus! It’s never too early to start learning about money and Young Savers makes it simple. |
*Children 14 and under are eligible to participate in a Young Savers Account. Account restrictions for minors still apply to all children up to age 18. Upon signing up for a Young Savers Account, child will receive a piggy bank and a $10.00 bonus deposit from The Bank of New Glarus when a $25 or more deposit is made by the Young Saver account holder within 30 days or their birthday. Each Young Savers Account holder is allowed one $10 bonus deposit per birthday until 14 years of age. Young Savers account owners must be present to receive a piggy bank and a $10 bonus deposit, that is, the parent or guardian cannot make the deposit without the child’s presence.
Savings Account Rates
Annual Percentage Yield* is accurate as of February 1, 2026
Product | Interest Rate | APY* | Min to Open | Min to Earn APY* |
|---|---|---|---|---|
Select Savings1,7 | 0.10% | 0.10% | $0.01 | $0.01 |
Money Market1,2,8 | 0.10% | 0.10% | $0.01 | $0.01 |
Money Market1,2,8 | 0.10% | 0.10% | $0.01 | $5,000.00 |
Money Market1,2,8 | 0.15% | 0.15% | $0.01 | $10,000.00 |
Money Market1,2,8 | 0.40% | 0.40% | $0.01 | $25,000.00 |
Money Market1,2,8 | 1.00% | 1.00% | $0.01 | $100,000.00 |
Money Market1,2,8 | 3.20% | 3.25% | $0.01 | $250,000.00 |
Platinum Money Market1,2,8 | 0.15% | 0.15% | $0.01 | $0.01 |
Platinum Money Market1,2,8 | 0.50% | 0.50% | $0.01 | $25,000.00 |
Platinum Money Market1,2,8 | 0.75% | 0.75% | $0.01 | $50,000.00 |
Platinum Money Market1,2,8 | 1.00% | 1.00% | $0.01 | $100,000.00 |
Platinum Money Market1,2,8 | 3.20% | 3.25% | $0.01 | $250,000.00 |
For additional account disclosure information and related fees see a Personal Banker. Fees may reduce the earnings on the above accounts.
1 The rate may change after the account is opened.
2 Interest on the tiered account is paid on the entire collected balance of your account at the rate shown for that tier.
3 Online Banking required.
4 Electronic statement required.
5 Have at least 16 Debit Card purchases post and clear during each statement cycle (not including ATM transactions). Have at least one Direct Deposit /ACH Credit post during each statement cycle. Log into Online Banking at least one time during each statement cycle.
6 There will be a 0.05% Interest Rate applied to all balances if statement cycle qualifications are not met, resulting in a 0.05% Annual Percentage Yield.
7 A monthly fee of $2.00 will be imposed every statement cycle if the balance in the account falls below $100.00 any day of the statement cycle.
8 Maintain a $1,000.00 minimum balance to avoid the $10.00 monthly fee.
9 If the above terms are not met, the account will be changed to a Basic Plus Checking Account, which has a monthly fee of $3.00 imposed every statement cycle if the balance in the account falls below $1000.00 any day of the statement cycle.
10 An Interest Rate of 0.05% will be applied to the portion of your account balance over $25,000.00, resulting in a 0.54% to 4.00% APY, depending on the balance.