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.
Savings Accounts
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.
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.
- Open with a minimum deposit of $1.00
- Tiered interest rate
- Access to Online and Mobile Banking
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.
- Open with a minimum deposit of $1.00
- Tiered interest rate
- Access to Online and Mobile Banking
- Monthly e-statements available free of charge
- Mailed statements available for $1.00 per month
Plinqit: Automated Goal-Based Savings
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.
Sign-up and learn more about how Plinqit can help you save for your goals.
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.
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.
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.
