Norway Savings Bank - more than money

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Personal Savings at Norway Savings Bank Colorful solutions that will bring your dreams to life.

Whatever your goals, we have a solution that's just right for you.

Whether you're saving for retirement, a new home or car - you name it - Norway Savings Bank can help you reach your goals. We have a great selection of personal savings accounts, offering competitive interest rates, personalized guidance and flexible, easy-to-understand choices. Rest assured, your money is safe, sound and secure at Norway.

Please call or visit one of our convenient branch locations for current rates and terms.

NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS: All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules. The term "noninterest-bearing account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest as well as Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts. For more information about temporary FDIC insurance coverage of transaction accounts, visit WWW.FDIC.GOV
Savings Solutions*

Earn preferred rates and access your funds anytime with a Solutions ATM/Debit Card. A full or Flexible Solutions Checking account is required to open a Savings Solutions account. The $10 monthly maintenance fee is waived when you maintain a $5,000 average daily balance.

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Basic Savings**

Earn interest on our convenient statement or passbook savings accounts with balances over $25. No monthly maintenance fees. Access your statement savings account anytime at ATMs with an ATM/Debit Card.

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Certificates of Deposit***

CDs are smart, safe investments that earn competitive interest rates over fixed terms.

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Money Market Accounts*

Earn current market rates on balances of $25 or more – with convenient check writing access to your money. The $5.00 monthly maintenance fee is waived on account balances of $500 or more.

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Holiday Club Accounts****

Gift giving made easier - save for the holidays while earning interest on balances over $25. No monthly maintenance fees.

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Individual Retirement Accounts

  • Traditional IRAs***
    Our time-honored retirement accounts let you defer taxes on earnings until you withdraw the funds at retirement age. Certain contributions are tax deductible in the year they are made.

  • Roth IRAs***
    These nondeductible retirement accounts let you make tax-free withdrawals for certain distributions after a five-year holding period.

College Savings Accounts

  • Education IRAs***
    This nondeductible savings account features tax-free withdrawals.

  • NextGen College Investing Plans
    Enjoy tax-deferred earnings growth and tax-advantaged withdrawals. Assets can be used at any accredited post-secondary school in the U.S.

Health Savings Accounts**

Does your employer offer a high deductible health plan (HDHP)? We have HDHP compatible savings accounts to help you save and pay for medical expenses.

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  • No monthly maintenance fees

  • Access your funds with a debit card and checks

  • Automated employer and employee deposits

* A $25 deposit is required to open an account. Fees could reduce earnings.
** A $25 deposit is required to open an account.
*** A $500 deposit is required to open a fixed rate CD or IRA. A $25 deposit is required to open an 18 month variable rate IRA CD.
**** A $1 deposit is required to open an account.