Personal savings will help you reach your financial goals.
Sawyer Savings Bank offers a wide range of savings products to suit all ages and lifestyles. Contact one of our knowledgeable customer service representatives to find out which savings products are right for you.
We’re excited to introduce our High-Yield Savings Account!
Maximize your savings and earn up to 2.50%APY*!
Earn more on your savings with a competitive rate and the peace of mind you expect from Sawyer Savings Bank. It’s saving, maximized!
Features include:
- The higher your balance, the more you’ll earn! Balances from $0-$499.99 earn 0.00% APY*, $500.00 – $49,999.99 earn 2.00% APY*, and $50,000 or more earns 2.50% APY*.
- Your money is protected under FDIC insurance up to $250,000
- Minimum $10,000 to open with funds not currently on deposit with Sawyer Savings Bank
- No monthly fee with daily balance of $100+
- Access to a large network of surcharge-free ATMs nationwide through the AllPoint Network.
- Free online and mobile banking, access your accounts online, 24/7, 365 days a year.
Grow your savings and reach your goals faster with SSB’s High Yield Savings Account, today!
* APY = Annual Percentage Yield. The annual percentage yield (APY) is accurate as of October 1, 2025, 0.00% APY on balances of $0.01 to $499.99; 2.00% APY on balances of $500.00 to $49,999; 2.50% on balances $50,000 or more. Interest Rates for the High Yield Savings account are variable and may change at any time without notice. Must be opened with a minimum of $10,000 in new funds not already on deposit with Sawyer Savings Bank and maintain minimum balance of $500.00 each day to obtain the disclosed annual percentage yield. Interest will be compounded every day and credited to your account monthly. Minimum daily balance of $100.00 to avoid monthly maintenance fee of $2.00. If you close your account before interest is credited, you will not receive the accrued interest. 85 Market Street, Saugerties, New York 12477
Statement Savings
$25.00 required to open account
Interest bearing with limited transactions
Must be at least 16 years old to open
$2 monthly service charge can be waived with direct deposit
$100 minimum balance requirement
FREE Online & Mobile Banking
FREE ATM Card
Choice Savings
$5.00 required to open account
Save for anything that’s important to you, you set the withdrawal date
No monthly service fee
Withdrawals made before the selected withdrawal date may result in the account being closed
Preferred Money Market
$1000 Required to open account.
Interest bearing with limited transaction.
Must be at least 18 years old to open.
$1000 minimum balance requirement
Features include:
Free online & mobile banking
Free ATM/Debit Card
Check Writing Ability
Money Market accounts are a tiered, variable rate interest-bearing savings account. Money Markets offer competitive interest rates with flexible availability of funds. Money markets are limited to 6 withdrawals per month by ACH, Check, ATM, Online/Mobile or Debit Card. Money Market deposits are FDIC insured. Call a banker today to learn more about Sawyer’s money market offerings.
Security Deposit Savings
$100.00 required to open account
This account is designed for landlords’ security deposits.
Features include:
FREE Online & Mobile Banking
$2 service charge if balance goes below $300.00 at any time during the statement cycle.
Transaction limitations apply