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Save for the big and little things in life.

Whatever your savings goals, a Broadway Bank Savings account can help you achieve them. Whether you are planning for the short-term, like a wedding or a vacation or the long-term, like college tuition or a down-payment on your dream home, we help make saving easy.

We offer two easy ways to get started:

Have a local banker contact you:

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Open online in minutes:

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Get instant access to Online and Mobile Banking.

With our award-winning Online and Mobile Banking experience, it's easy to manage your finances wherever and whenever you want. Get instant access and manage your new Savings account right from the palm of your hand

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Save on monthly fees.

The monthly maintenance fee is waived for the first 61 days after account opening and thereafter if the daily account balance of $200 is maintained. Account owners under the age of 18 pay no monthly fees at all. Otherwise, the monthly fee is only $4.

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Additional Features

The more you save, the more you can earn.

Interest is compounded and paid monthly on collected balances. 

Fast and easy account opening.

Open your account online in minutes. The minimum opening deposit is just $25.

Flexible access to your funds.

Make six free withdrawals each statement month. Each additional withdrawal is just $5.

More savings options:

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Certificate of Deposit (CD)

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Money Market Account

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Individual Retirement Account (IRA)

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Feel free with Broadway Bank Free Checking.

It's everything you’d expect from a modern bank, but locally sourced and personally delivered.

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Savings Account FAQ

A savings account is a type of bank account that allows you to deposit money, keep it safe and withdraw funds, all while earning interest on your balance.
To open a Broadway Bank savings account, you will need to provide identification (such as a driver’s license or passport), proof of address and your Social Security number. You can open an account online or by visiting a local financial center.
To open a Broadway Bank savings account, you will need to provide identification (such as a driver’s license or passport), proof of address and your Social Security number. You can open an account online or by visiting a local financial center.
Interest is compounded and paid monthly on collected balances.
Interest is calculated on a daily basis and paid monthly. The annual percentage yield (APY) gives you an idea of how much interest you will earn over a year.
The savings account has a $4 monthly maintenance fee, which is waived for the first 61 days. The fee is also waived if you maintain a daily balance of $200. Account holders under 18 years old do not pay any monthly fees.
The minimum opening deposit is $25.
You can make six free withdrawals each statement month. Additional withdrawals incur a $5 fee each.
Yes, you can use an ATM with a savings account.
Yes, you can set up automatic transfers from your checking account to your savings account. This can help you save regularly.
Yes, Broadway Bank offers Online and Mobile Banking, allowing you to manage your savings account, check balances, transfer funds and more.
To earn more interest, consider higher-yield savings accounts, money market accounts, or certificates of deposit (CDs), which may offer better rates than standard savings accounts.
The interest earned on savings accounts is considered taxable income. You will receive a 1099-INT form from Broadway Bank if your interest earnings exceed a certain amount, which you must report on your tax return.
Yes, Broadway Bank offers joint savings accounts that can be opened by two or more individuals, allowing all account holders access to the funds.
Yes, you can link your Broadway Bank savings account to other accounts, such as your checking account, for easy transfers and overdraft protection.
Savings accounts are designed for saving money and earning interest, typically with limited withdrawal options. Checking accounts are designed for daily transactions, such as paying bills and making purchases, with easier access to funds through checks and debit cards.

Additional Resources

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