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Statement Savings
Statement Savings Account
Enjoy a convenient way to save with easy access to your money, an automatic monthly statement, plus a low average daily balance requirement of just $400 to avoid the monthly fee.
Enjoy a convenient way to save with easy access to your money, an automatic monthly statement, plus a low minimum daily balance requirement of just $100 to avoid the monthly fee.

Open This Account

Open a Statement Savings account

Open This Account

Open a Statement Savings account
     Here's what you get:
  • ATM card available
  • Quarterly statements
  • Interest is compounded and credited monthly
  • ¼% discount on interest rate of secured loans with automatic payment from a Sovereign deposit account
  • Monthly service fee is waived if the primary account holder is under age 18 or over age 60
     Here's what you get:
  • ATM card available
  • Quarterly statements
  • Interest is compounded and credited quarterly
  • ¼% discount on interest rate of secured loans with automatic payment from a Sovereign debit account
The benefit to you
Sovereign Statement Savings gives you fast access to your money and features a low average balance requirement of just $400 to avoid the monthly fee.

The costs you will incur
There is a $3.50 monthly maintenance fee if your average daily balance is below $400.

What you need to proceed
Opening a Statement Savings account is fast and easy. To open an account, you'll need to provide the following information for each person named on the account:
  • Social Security Number
  • Current address and prior address if you have lived at your current address for less than 2 years
  • Driver's license number
  • School/employment information
  • Phone number and email address
The benefit to you
Sovereign Statement Savings gives you fast access to your money and features a low minimum balance requirement of just $100 to avoid the monthly fee.

The costs you will incur
There is a $5.00 monthly maintenance fee if your minimum daily balance is below $100.

What you need to proceed
Opening a Statement Savings account is fast and easy. To open an account, you'll need to provide the following information for each person named on the account:
  • Social Security Number
  • Current address and prior address if you have lived at your current address for less than 2 years
  • Driver's license number
  • School/employment information
  • Phone number and email address
Additional products you may be interested in
Checking Accounts
Online Banking
Visa® CheckCard
Credit Cards
Access Your Accounts
Next Steps
Open this account online
Call 877.SOV.BANK to speak with a Personal Banking Representative
Find one of our Community Banking Offices
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Related Resources
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