Savings Accounts

Whether you are saving for a rainy day, want to make holiday shopping easier, or just want to earn a return on your money, Chemical Bank offers a savings account designed to meet your needs. Just consult your banker to discuss which of our accounts will best help you reach your financial goals.

  Classic Savings * Holiday Club MI Savings
Account ** 		Money Market
Account *** 		Premier Money Market Account ***
Requirement to open account None. Customer has 30 days to achieve minimum balance before monthly service charge takes effect None None. Customer has 30 days to achieve minimum balance before monthly service charge takes effect
Monthly Service Charge $3 if balance falls below $300 - waived for minors under 18 years old None $10 if balance falls below $2,500 average balance $30 if balance falls below $35,000
Interest paid on balance Interest paid monthly on all balances over $0; computed on daily balance. Consult branch for current rate. Interest paid at maturity in October (Choose the 10th or the 31st) Interest Tiers:
0 - $4,999
$5,000 - $9,999
$10,000 - $24,999
$25,000 - $49,999
$50,000 - $99,999
$100,000 and over
Consult branch for current rates. 		Interest Tiers:
0 - $9,999
$10,000 - $24,999
$25,000 - $49,999
$50,000 - $99,999
$100,000 and over
Consult branch for current rates. 		Interest Tiers:
$10,000 - $49,999
$50,000 - $99,999
$100,000 and over
Consult branch for current rates.
Statement Options • Mailed Statements         • Combined StatementΔ         • eStatements through eBankingΔΔ
Statement Cycle Sent quarterly, or monthly if electronic activity Sent monthly if electronic activity Sent quarterly, or monthly if electronic activity Statement sent monthly Statement sent monthly
Chemical Bank ATM Card FREE FREE
(deposit only) 		FREE
eBanking and Phone Banking FREE
Other Benefits Discount on installment loan rate with direct debit****   Eligible for monthly-service-
charge-free Advantage Checking account; discount on installment loan rate with direct debit****		 Discount on installment loan rate with direct debit****

Current Deposit Rates

* Classic Savings has six free monthly withdrawals including automatic, Internet, phone, mail or other. See account disclosure or bank representative for additional fee details.
** MI Savings Account has four free preauthorized monthly withdrawals including automatic, Internet, phone, mail or other. See account disclosure or bank representative for additional fee details.
*** Money Market and Premier Money Market Accounts have unlimited in person and ATM withdrawals. There is a limit of six preauthorized monthly withdrawals which include automatic withdrawal, check, Internet, and phone transactions. See account disclosure or bank representative for additional fee details.
**** Subject to application and approval.
Δ Upon request.
ΔΔ With enrollment.