Personal Savings Accounts

Accounts that grow your savings effortlessly

There are many more factors to consider when choosing where to put your money. Northwest Bank & Trust Company is ready to take an honest look at your entire financial situation and offer you great value for whatever your needs may be. 

Money Market Premier

Want to retain access to your funds without sacrificing earning potential? A money market account with Northwest Bank makes it possible without giving up accessibility. Take advantage of competitive, tiered rates that earn more on higher balances without locking funds into CDs or other investments.

Statement & Relationship Savings

Whether you are growing your emergency fund or simply working toward your long-term savings goals, Northwest Bank’s Statement Savings and Relationship Savings provide a flexible and accessible account. With a low opening balance requirement and monthly interest, it’s easy to save.

Personal Savings Account Features

Money Market Premier

  • A high-yield savings account with competitive, tiered interest rates
  • Higher balances are rewarded with higher interest rates
  • No service fee with $2,500 minimum balance
  • Access to online bill pay and Zelle®

Statement Savings

  • Savings account with interest
  • No service fee with $500 minimum balance 

Relationship Savings

  • Savings account with interest
  • No service fee with $200 minimum balance (if you have another deposit account with Northwest Bank & Trust Company)

All Savings Accounts

  • Enjoy the flexibility of 6 free withdrawals per month*
  • Free eStatements
  • Free online banking
  • Free mobile banking
  • Free Northwest Bank ATM transactions
  • Access to automatic transfers
  • Low opening balance requirement
*for Statement Savings, certain withdrawals or transfers in excess of 6 per month will result in a charge of $2 per withdrawal. For Money Market Premier, certain withdrawals or transfers in excess of 6 per month will result in a charge of $10 per withdrawal.

Certificates of Deposit

At Northwest Bank & Trust Company, we offer CDs with fixed rates and full FDIC insurance so your money is safe and your return is guaranteed. Choose from a number of terms and then lock in your rate. It’s that easy!

  • Low opening deposit of $1,000
  • Terms from 3 months to 5 years
  • Interest may be compounded or credited to another account
  • Automatically renewable with a 10-day grace period
  • Early withdrawal penalties may apply
  • FDIC insured up to $250,000

Individual Retirement Accounts

IRAs offer tax advantages* while you save, so you can maximize your funds. Talk to a Northwest Bank & Trust Company team member about which IRA plan is right for you.

  • Tax-advantaged retirement savings*
  • Competitive interest above standard savings rates
  • Terms from 1 year to 5 years
  • Automatically renewable with a 10-day grace period
  • Low opening deposit of $1,000
  • No setup or maintenance fees
  • Annual contribution limits apply
  • Additional $1,000 “catch-up” contribution allowed for ages 50+
  • Available in traditional and Roth
  • FDIC insured up to $250,000

* Consult your tax advisor for deductibility and other limitations. Or ask our experts at Blair Westfall Tax & Accounting.

Kids Club

Northwest Kid's Club

Is it time to graduate from the piggy bank? Help your child learn about saving money with a free savings account! When they become a Northwest Kid’s Club® member with just a $10 initial deposit, your child will receive a special welcome gift, yearly birthday cards and their choice of a prize from our treasure chest every time a deposit is made. Contact us for more information.