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Savings Accounts

Jump to:  Deposit Rates | Open an Account

Make a Plan to Save!

Saving money is an important part of your financial well-being. At Timberland Bank, we are proud to provide many safe and secure savings options with the rates, terms and conditions to meet your needs. Plus, your funds on deposit at Timberland Bank are fully insured to the full limits by the FDIC.

Special Promotional CDs

If you’re looking for a safe and secure way to build savings, a Certificate of Deposit (CD) from Timberland is a great option to help you meet your goals. In today’s rising interest rate environment, it’s the perfect time to lock in a competitive rate while having the assurance of deposit insurance up to $250,000.

Timberland has two special limited time CDs. Open with as little as $500 at one of our 23 branch locations and watch your money grow.

4.74% APY*

4.44% APY*

*APY=Annual Percentage Yield. The promotional APY is effective as of April 23, 2024 and subject to change without notice. A penalty may be imposed for early withdrawal before the maturity date. Fees and penalties may reduce earnings. $500 minimum to open account and earn APY.

Money Markets & Certificates of Deposit

  • Money Market accounts are a great choice when you need access to your funds, but wish to save money at a higher interest rate.  The minimum deposit for our Money Market Accounts depends on the account type you choose.
  • Certificates of Deposit (CD) are a good option when you can put funds aside for a set period of time. Timberland CDs earn competitive interest rates and are available in a range of deposit terms and minimums to open, some with an initial investment of $500.00. Please contact us for current rates and additional information on our Money Market accounts and CDs. 

Seedling Savings Account

This is a great account for children up to 18 years of age! A Timberland Seedling Account offers tiered interest rates that grow as your balance grows. Seedling Accounts can be opened with a minimum deposit of just $1.00. 

Statement Savings Account

A Statement Savings Account offers tiered interest rates so your interest will increase with your balance. A Statement Savings Account may be opened with a minimum deposit of just $1.00. Your monthly statement is available free of charge within Online Banking.

Plinqit: Automated Goal Based Savings Tool

Timberland Bank has partnered with Plinqit, a simple but powerful savings app, to help you easily save for your goals! Whatever you want to save for - your next vacation, your child's education, a rainy day, or a Bernedoodle puppy - Plinqit can help!
Plinqit Benefits: 
  • Simplicity: Pay yourself first with easy, automatic transfers.
  • Rewards: You can earn when you learn, invite friends, and reach your goals. 
  • Control: You decide how much to save, your deposit schedule, and watch your savings grow.

Health Savings Accounts (HSA)

An Important Investment in your Health and your Future! An HSA is a tax-favored savings account created for the purpose of paying qualified medical expenses. An HSA is used in conjunction with a high deductible health plan (HDHP). Learn more about Timberland Bank Health Savings Accounts, or visit your branch to get started today. 

Safe Deposit Boxes

Safe Deposit Boxes are available to rent at most Timberland branches for an annual fee plus a $10.00 key deposit. Box rentals range from small for $20.00 per year to extra-large for $185.00 per year.

Calculate Your Savings

Planning a sabbatical? Saving for a down payment on a house? What will it take to reach your financial goal? This calculator helps you find out.

Retirement Accounts

An Individual Retirement Account (IRA) is a great way to boost your savings for a secure retirement. We offer a variety of IRA options that will help you save to reach your retirement goals.  IRAs come with a variety of options depending on your needs. Contact us to discuss your goals and help determine the best retirement savings options for you.
  • Traditional IRA: If you are under the age of 70 1/2 and earning income from a personal service rendered you can establish and contribute to a Traditional IRA.
  • Roth IRA: Setting aside money now in a Roth IRA is a great way to ensure tax-free income during retirement. As long as you are eligible to open a Roth IRA, you can invest after-tax dollars and let the earnings accumulate tax-deferred. Later, if you qualify, you can withdraw the money tax- free.
  • Simple IRA: A Simple IRA is a great way for business owners to save for themselves and their employees.
  • SEP Plan: A Simplified Employee Pension (SEP) plan is available to most types of businesses and are generally less expensive and easier to maintain.
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Timberland Financial Services

Timberland Financial Services partners with Zuk Financial Group and Mueller Insurance & Financial Services, Inc. to offer competent and qualified financial services representatives, one of the most important resources you can have as an investor in today's ever-changing financial world.  

Health Savings Accounts

Be ahead of the curve! With our health savings accounts, you can be prepared for whatever life may throw your way.

Online Banking

You can still come in to see us, but with Online Banking, you can bank from anywhere!