Savings Accounts
Open a 1st Source Bank savings account and start making progress towards your future goals. Choose from popular options that can help you separate every day money from long term savings, build better habits, and plan your next steps with more clarity.
Simple tools. Clear steps.
A savings account gives you a place to set money aside for goals, expenses, and future needs. With 1st Source, you also get access to online and mobile banking tools that can help you track progress, stay organized, and see more of your financial picture.
Use savings as part of your everyday money plan. Set a goal, add money when you can, and review your progress over time.
Budget. Track. Grow.
Keep savings apart from everyday spending so you can plan for emergencies, upcoming expenses, or goals that matter to you.
Use our online and mobile web tools and banking app to review balances, monitor deposits, and stay connected to your savings activity.
Pair your savings account with tools like Money Management and financial education to build habits and make more informed choices.
Start with these choices
A flexible savings option that may fit if you want a simple place to build savings and earn tiered interest.
No minimum to open
A student-friendly savings option with no monthly service charge for eligible students age 24 or younger.*
$15,000 to open
A higher-balance savings option that earns tiered interest and may fit clients who want to keep larger savings balances accessible.
More ways to save
CDs let you set money aside for a fixed term while earning a fixed rate. They can grow your savings if you don’t need to access it right away.
Set aside money throughout the year for holiday expenses. Funds are automatically transferred once per year, most often in October, so you can plan ahead for seasonal spending.
IRA Savings helps you set aside money for retirement while earning interest. Tax treatment can vary, so consider speaking with a tax advisor about your situation first.
Learn as you go
You 1st offers free financial education tools to help you build stronger saving habits and plan with more confidence. Explore articles, videos, quizzes, calculators, and guides on budgeting, setting savings goals, building an emergency fund, managing debt, preparing for major purchases, and planning for the future.
Use these resources to learn at your own pace, understand your options, and turn your saving questions into a plan.
e-Student savings accounts require:
*Clients between the ages of 13 and 17 require a parent or legal guardian as a joint account owner.
**Documentation to verify your student eligibility such as a copy of your student ID card, current class schedule, or tuition bill required if you are 25 or older at the time of account opening.
