Personal Banking Savings

Set yourself up for tomorrow.

There’s no denying it, saving money is the best way to prepare for your future. And the best time to start is today. We’ve got plenty of savings options available, one that’s just what you’re looking for.
Compare Your Options
BASIC SAVINGS | PREMIUM SAVINGS | LIFE SAVINGS

Basic Savings

We understand that you have hopes and dreams—from putting your kids through college to taking a memorable family vacation. Even if you start your savings plan with only a few dollars a week, once you commit to doing so regularly, it can help you build sizeable balances over time. At Old Second, we can help you set up a savings plan that matches your budget.

A remote solution to help you buy easier.

Learn more about Old Second and digital wallets.

REGULAR SAVINGS

A simple and easy way for anyone and everyone to save. The Regular Savings requires a $250 minimum deposit to open and a $250 minimum balance to avoid a $5.00 service charge. No minimum balance is required to earn interest*.

BENEFITS:
  • Free services include: O2 Digital Banking, self-set email alerts (balance & transaction), free paper statement (eStatements available).

 See the rates or open now

*Rates may change after account is opened. Fees could reduce earnings.

 

 

JUNIOR SAVERs*

Start saving right from the start. From age 0-17, a Junior Savers account will set them on the right financial path while you stay in control and there's no minimum balance required.  

BENEFITS:

  • Minimum opening deposit: $10
  • Earns interest
  • Available to minors age 0-17
  • Custodian account

See the rates

*The account is governed by the Illinois Uniform Transfer to Minor's Act. Account is held in the name of a minor and managed by a custodian, and only the custodian may transact business on the account. When the child reaches the age of 18 years old the account will automatically change to a regular savings account in the name of the minor.

O2 MONEY BUILDER SAVINGS

A faster, more efficient way to build savings if you are able to maintain a higher daily balance. Earn interest* and avoid the $15 monthly service fee by maintaining a $1,000 daily balance. There is a $1,000 minimum to open an account.

BENEFITS:
  • Free services include: O2 Digital Banking, self-set email alerts (balance & transaction), free paper statement (eStatements available).

See the rates or open now

*Rates may change after account is opened. Fees could reduce earnings.

Give yourself some credit

Building a strong credit history is a smart move. With our convenient selection of debit and credit cards, you gain the credit you deserve. For more on our card services, click here.​

 

Premium Savings

As your balances grow, you gain access to a collection of savings plans and saving opportunities that can keep your money working for you and in ways that are appropriately matched to meeting your personal goals.

O2 MONEY MANAGER MONEY MARKET

A smart way to manage your money. The interest you earn increases with your balance.* Requirements include a minimum of $5,000 to open and a $5,000 daily balance to earn interest and avoid a $15 monthly service fee.

BENEFITS:
  • Free services include: O2 Digital Banking, self-set email alerts (balance & transaction), free paper statement (eStatements available)**

See the rates or open now

*Rates may change after account is opened. Fees could reduce earnings. 

Life Savings

Making savings routine has been the starting point for many families' fortunes.

CERTIFICATES OF DEPOSIT (CDs)

A safe and stable savings option for those who can put their money away for longer periods of time.* Terms range from 3 months to 5 years (60 months).

BENEFITS:
  • FDIC insurance offers safety and security

See the rates

*Penalty for early withdrawals.

HEALTH SAVINGS ACCOUNTS (HSAs)

A tax-advantaged way of paying for medical expenses—current and future—while earning attractive rates of interest on your idle balances. A HIGH DEDUCTIBLE HEALTH PLAN (HDHP) IS REQUIRED.

BENEFITS:
  • Carryover unspent health savings from year to year to build balances
  • Plan ahead and save for health care costs in retirement
  • Take your health savings with you when you leave an employer

Contact a personal banker at 1-877-866-0202

Start anywhere anytime

O2 Digital Banking makes banking easier than ever. Learn more.

A remote solution to help you buy easier.

Give yourself some credit

Start anywhere anytime