Savings

At Altoona First Savings Bank, we take your financial goals to heart. We pride ourselves on cultivating trust and fostering long-term connections, working alongside you to gain insight into your dreams and financial aspirations so we can offer tailored solutions to help you get there. Whether you need strategies to optimize your savings, want expert advice on budgeting, or are simply looking for a reliable, local ally for your financial well-being, count on us to lead you towards a brighter future.

Compare Savings Accounts

Compare Personal Savings Accounts
FeaturesStatement SavingsMoney MarketKids SavingsClub AccountCertificate of Deposit (CD)Individual Retirement Accounts (IRAs)
Minimum Balance to Open$25 minimum$25 minimum$1 minimum$1 minimum$1,000 minimum$100 minimum
Maintenance Fee$5 if minimum balance not maintainedN/AN/AN/AN/AN/A
Earns InterestYesYesYesYesYesYes
Free Digital BankingYesYesYesYesYesYes
How to OpenApply Now for a Statement Savings account
Learn More about Statement Savings accounts		Apply Now for a Money Market Deposit account
Learn More about Money Market Deposit accounts		Apply Now for a Kids Savings account
Learn More about Kids Savings accounts		Apply Now for a Club Savings account
Learn More about Club Savings accounts		Apply Now for a Certificate of Deposit (CD) account
Learn More about Certificate of Deposit (CD) accounts		Apply Now for an Individual Retirement Account (IRA)
Learn More about Individual Retirement Accounts (IRAs)

    Statement Savings

    Helping you get closer to your goals with interest earned on every penny saved.

    Details:

    • Earn competitive interest on entire balance
    • Avoid the $5 monthly maintenance fee by maintaining a $100 minimum daily balance
    • Combined statements with checking account
    • Free digital banking
    • $25 minimum deposit to open

    Money Market Deposit Account

    Helping you earn interest without denying you access to your funds.

    Details:

    • $25 minimum deposit to open
    • Earn competitive, tiered rates on balances starting at $2,500
    • Higher balances earn higher rates
    • No monthly maintenance fees
    • Free online & mobile banking

    Kids Savings

    It’s never too early to help teach your kid(s) good savings habits. Get them started on the right path with the help of your local financial partners.

    Details:

    • $1 minimum deposit to open
    • Available to young savers up to 18 years old
    • Earn competitive interest on entire balance
    • No monthly maintenance fees
    • No minimum balance requirements
    • Free digital banking

    Club Accounts

    Get the jump start you need on holiday savings, vacation funding and more with the convenience of our Club Accounts.

    Details:

    • $1 minimum deposit to open
    • Set aside year-round for Christmas or vacation expenses
    • Earn competitive interest on entire balance
    • No monthly maintenance fees
    • No minimum balance requirements
    • Set up automatic drafts from Altoona First checking or savings account
    • Christmas club funds disbursed in October
    • Vacation club funds disbursed in April
    • Interest penalty for early withdrawal
    • Free digital banking

    Certificates of Deposit (CDs)

    Choose between a fixed or variable rate, depending on your need for access to your funds.

    Details:

    • Earns a higher rater of interest.
    • Wide range of terms (from 3 months to 5 years)
    • Fixed rate option
      • Rate locked for length of term
      • Interest penalty for early withdrawal
    • Variable rate option:
      • Can capitalize on market rate increases
      • Allows unlimited deposits
      • One penalty-free withdrawal per calendar quarter
      • Interest penalty for additional withdrawals
    • $1,000 minimum deposit to open

    Individual Retirement Accounts (IRAs)

    You have a vision for your future. We have the retirement accounts to help you save the way you want. Choose between a Traditional IRA and a Roth IRA. Each one provides their own unique saving features designed to help you achieve the future you want, with the finances needed to keep you comfortable.

    Details:

    • Tax-advantaged, competitive interest
    • Traditional and Roth IRA CD options
    • No setup fees
    • No monthly or annual maintenance fees
    • $100 minimum deposit to open

    Traditional IRA

    • No income limits to open
    • No minimum contribution requirement
    • Contributions are tax deductible on state and federal income tax1
    • Earnings are tax deferred until withdrawal (when usually in lower tax bracket)
    • Withdrawals can begin at age 59 ½
    • Early withdrawals subject to penalty2
    • Mandatory withdrawals at age 73

    Roth IRA

    • Income limits to be eligible to open Roth IRA3
    • Contributions are NOT tax deductible
    • Earnings are 100% tax free at withdrawal1
    • Principal contributions can be withdrawn without penalty1
    • Withdrawals on interest can begin at age 59 ½
    • Early withdrawals on interest subject to penalty2
    • No mandatory distribution age
    • No age limit on making contributions as long as you have earned income

    You might be interested in

    • Debit Card

      Get 24/7 access to your account with the Altoona First Debit Mastercard. The best part is it is free with your Altoona First checking account!

      Learn More about debit cards

    • Online Banking

      Banking becomes a breeze with Altoona First’s Online Banking. No more lines just easy, convenient access to your accounts 24/7.

      Learn More about online banking

    • Bill Pay

      Managing your bills is simple with Altoona First’s Bill Pay. Start paying your bills from anywhere, at any time. Register today to stay on top of your bills without any hassle!

      Learn More about bill pay

      1Subject to some minimal conditions. Consult a tax advisor.

      2Certain exceptions apply, such as healthcare, purchasing first home, etc.

      3Consult a tax advisor.