Savings Accounts
Earn tiered interest on larger balances while keeping your savings within reach. Manage money with digital banking and work with a banker who understands what you’re planning for.
More from your savings
Earn variable interest based on your balance, with five tiers designed for clients who maintain larger savings balances.
Keep larger balances in savings where they can earn interest, then schedule transfers when bills or other payments are due.
Keep eligible deposits at an FDIC-insured bank while your money earns interest and stays available for the plans ahead.
Set up recurring transfers to move money to eligible accounts when bills or other payments are due.
Pay directly from your Portfolio Savings account when a check makes sense. Checks are available for purchase.
Add a debit card to your account upon request for convenient ATM access to your savings.
A relationship built around you
Good banking starts with understanding what you’re working toward. Your banker can help you look at the bigger picture, answer questions, and connect you with other 1st Source specialists when you need additional help.
Your plans may include buying another home, supporting your family, managing a business, preparing for retirement, or pursuing something you’ve worked toward for years. We take the time to understand those plans so we can help you make confident decisions along the way.
Helping Our Clients Achieve Security, Build Wealth, and Realize Their Dreams® is more than a mission statement. It shapes how we build relationships for the long term.
Plan for how you save
You set aside money for tuition, taxes, home projects, or larger purchases and want to earn interest until the payment is due.
You want your balance to earn tiered interest while keeping access to your money through transfers, digital banking, and check writing.
You want a banker who understands what you’re preparing for and can connect your savings with the rest of your banking relationship.
What to know
| Minimum deposit to open | $15,000 |
|---|---|
| Interest | Tiered, variable-rate money market account with five balance tiers. |
| Account Service Fee | $0 or $20 per statement cycle. |
| How to avoid the fee | Maintain a $25,000 minimum daily balance. We waive the Account Service Fee for your first two statement cycles while you fund your account. |
| Check writing | Available with Portfolio Savings. Withdrawal limits and fees apply. |
| Statements | Paper statements are included at no fee. Electronic statements are available through Online and Mobile Banking. |
| Withdrawals | $0 for six withdrawals per month. Additional monthly withdrawals cost $10 each. |
| Digital banking | Use Online and Mobile Banking to view your account and manage eligible transfers. |
| Deposit protection | 1st Source Bank is a Member FDIC. Eligible deposits are insured up to applicable limits. |
Money market savings account
Portfolio Savings is a money market account with five balance tiers. Your balance determines the interest rate that applies to the account. When your balance qualifies for a tier, that tier’s rate applies to your entire balance, not just the dollars within that tier. As your balance reaches a higher tier, your full account balance earns the corresponding rate.
New to money market accounts? Learn how they work and how they compare with savings and investment accounts.
| Tier 1 | Less than $25,000 |
|---|---|
| Tier 2 | $25,000 to $49,999.99 |
| Tier 3 | $50,000 to $99,999.99 |
| Tier 4 | $100,000 to $249,999.99 |
| Tier 5 | $250,000 or more |
Rates are variable and may change. Contact us for current rates and APYs.
Earn interest while keeping access to money you’ve set aside for what’s ahead. Open Portfolio Savings or talk with a banker about how it could fit your broader financial plans.
