If you’re looking for a safe place to develop smart spending habits, look no further. Ready to get started? Visit your local bank branch and we’ll get you on your way!
Set up your own bank account and grow with us.
- No minimum balance required, no monthly service charge
- Earns interest1
- Free initial ATM card2
- Can be added to a Checking Account Debit Card
- Other bank ATM fees rebated monthly
- Can be linked to a Student Checking Account
- Free Mobile Banking App
- Free Online Banking
- Electronic Statements required3
- Upon your 19th birthday, your account will automatically graduate to a Statement Savings Account!4
1Current interest rates can be found online at windsorfederal.com
2ATM only card is issued when the account is opened for student only (no parent/guardian)
3Electronic Statements are available in the mobile app and online banking
4Refer to the Personal Account brochure for account information
Rates
Student Savings Account
As of 10/11/2024
Minimum to Open | Minimum to Earn APY | Interest Rate | Annual Percentage Yield (APY) |
---|---|---|---|
Minimum to Open$10 | Minimum to Earn APY$0 to $1,000 | Interest Rate5.00% | Annual Percentage Yield (APY)5.12% |
Minimum to Open$10 | Minimum to Earn APY$1,000.01 and greater | Interest Rate0.25% | Annual Percentage Yield (APY)0.25% |
Interest bearing savings accounts earn interest from day of deposit to day of withdrawal. Interest is accrued daily, compounded monthly and credited to the account monthly. We use the daily computation method to calculate the interest on all interest-bearing savings accounts. This method applies a daily periodic rate to the principal in the account each day. The Annual Percentage Yield assumes that all interest will remain on deposit for one (1) year at the stated interest rate. The interest rate on new and existing “Variable” rate accounts, as indicated above, may be subject to change at any time. Any fees assessed may reduce the earnings on the account.