Saving made simple.
Old National Bank offers various personal savings accounts, including traditional savings and money market options. Customers can benefit from competitive interest rates and utilize digital tools to manage their finances. The bank aims to help individuals build their savings effectively and achieve their financial objectives.
Saving money is a fundamental step towards financial security and achieving future goals, whether it's for a down payment on a home, a child's education, or building an emergency fund. At Old National Bank, we understand that every individual's savings journey is unique. We offer a diverse range of personal savings accounts designed to cater to different needs and financial objectives, ensuring you have the right tools to grow your money effectively.
Our approach goes beyond just holding your money; we aim to help it work harder for you. With various account types, you can choose the option that aligns best with your savings timeline and desired accessibility. From accounts that offer straightforward savings to those with tiered interest rates for higher balances, Old National Bank provides clear pathways to nurture your financial growth.
We believe in making savings accessible and rewarding. Our accounts are structured to provide benefits that encourage consistent saving habits. By choosing Old National Bank for your personal savings, you're partnering with a financial institution committed to supporting your long-term success and providing the resources you need to confidently reach your financial milestones.
Finding the ideal savings account is crucial for maximizing your financial growth. Old National Bank offers several distinct personal savings options, each tailored to different saving styles and objectives. Understanding the features of each can help you make an informed decision.
Each account type at Old National Bank is designed with specific benefits in mind. We encourage you to consider your financial goals, how often you might need to access your funds, and the amount you plan to save when selecting the best fit. Our banking specialists are always available to help guide you through the options.
One of the primary benefits of personal savings accounts with Old National Bank is the ability to earn interest, allowing your money to grow over time. Understanding how interest rates work is key to maximizing this growth. Interest is essentially the cost of borrowing money, and for savers, it's the reward you receive for depositing your funds with the bank.
The Federal Deposit Insurance Corporation (FDIC) provides insurance for deposits at insured banks, protecting your savings up to at least $250,000 per depositor, per insured bank, for each account ownership category. This ensures the safety of your principal while it earns interest. FDIC
At Old National Bank, interest rates on personal savings accounts are typically expressed as an Annual Percentage Yield (APY). The APY reflects the total amount of interest paid on an account over a year, taking into account the effect of compounding interest. Compounding means that the interest you earn also starts earning interest, accelerating the growth of your savings. We regularly review and adjust our rates to remain competitive, aiming to provide attractive returns for our valued customers. We believe in transparency, ensuring you have clear information about how your money is growing.
Achieving your savings goals requires more than just an account; it requires effective management and convenient tools. Old National Bank provides a suite of innovative resources designed to help you save more efficiently and stay on top of your finances.
These tools are designed to simplify the savings process and provide you with actionable insights into your financial health. Old National Bank is committed to equipping you with the resources necessary to make informed decisions and achieve your personal savings objectives.
Embarking on your savings journey with Old National Bank is a straightforward process designed for your convenience. We believe that securing your financial future should be accessible to everyone, and our account opening procedures reflect that commitment. You can begin by exploring our personal savings account options on our website, where detailed information about each account type, including current interest rates and minimum balance requirements, is readily available.
Once you've identified the account that best suits your needs, you have the option to apply online from the comfort of your home. Our online application is secure and guides you through each step, requiring basic personal information and identification. Alternatively, if you prefer a more personalized approach or have specific questions, we welcome you to visit any Old National Bank branch. Our experienced banking specialists are on hand to discuss your financial goals, recommend the most suitable savings product, and assist you with the account opening process.
Taking the first step towards building your savings is a significant decision, and Old National Bank is here to support you every step of the way. With our user-friendly processes and dedicated support, you can quickly establish a personal savings account and start working towards your financial aspirations with confidence.
Find answers to common questions about Old National Bank personal savings accounts, interest rates, and how to make the most of your savings.
| Account Type | Key Feature | Interest Earning | Access to Funds |
|---|---|---|---|
| Traditional Savings | Foundation for general savings | Yes, competitive rates | Easy, via ATM, online, branch |
| Money Market Account | Higher balances, potentially higher rates | Yes, tiered rates | Flexible, limited check writing |
| Youth Savings | Designed for young savers | Yes, encourages early saving | Managed, often with guardian oversight |
Old National Bank offers several types of personal savings accounts, including traditional savings accounts for general savings, money market accounts for those seeking higher potential returns with liquidity, and youth savings accounts designed to encourage saving habits from a young age. Each account is structured to meet different financial goals and needs.
You earn interest on the balance held in your Old National Bank savings account. The interest rate and how it's calculated (e.g., daily balance, average daily balance) will depend on the specific account type. Interest is typically compounded and credited to your account periodically, allowing your savings to grow over time.
Yes, deposits at Old National Bank are insured by the Federal Deposit Insurance Corporation (FDIC) up to the maximum amount allowed by law, which is currently $250,000 per depositor, per insured bank, for each account ownership category. This provides security and peace of mind for your savings.
Absolutely. Old National Bank encourages consistent saving by allowing you to set up automatic, recurring transfers from your checking account to your savings account. This feature helps you save regularly without having to remember to make manual transfers.
You can easily check the balance of your Old National Bank personal savings account through several convenient methods. This includes using our online banking portal, the Old National Bank mobile app, visiting any of our branch locations, or by calling our customer service line.
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