Are savings accounts at Exchange Bank FDIC-insured?

Yes. Deposits are insured by the Federal Deposit Insurance Corporation up to $250,000 per depositor, per insured bank, for each account ownership category. A single account holder with a Statement Savings, a joint account and an IRA Savings each sit in different categories for insurance purposes. Full insurance rules and the EDIE calculator are at fdic.gov. Coverage applies automatically — no enrollment required.

Exchange Bank Savings Accounts: Statement, High-Yield, Youth, IRA and Holiday Club

Q: How much does it take to open a savings account at Exchange Bank?

Statement Savings opens with $50. High-Yield Savings opens with $2,500 to begin earning the first tier. Youth Savers opens with $25 for customers under age 18 with a parent or guardian co-signer. IRA Savings opens with $100 for Traditional, Roth and SEP contributions. Holiday Club opens with $10 as a seasonal set-aside account. Applications can be completed at any of the 17 Sonoma, Marin and Napa county branches.

Q: What APY does High-Yield Savings pay?

High-Yield Savings pays a tiered variable APY that increases at $2,500, $10,000, $25,000 and $100,000 balance breakpoints. Interest compounds daily and credits monthly. The current rate sheet is available at any branch, in online banking or by calling customer care at 1-800-995-4066. Rates move with broader deposit-market conditions and follow Regulation DD (Truth in Savings) disclosure standards.

Q: Does Exchange Bank offer IRA savings?

Yes. IRA Savings supports Traditional, Roth and SEP (Simplified Employee Pension) contributions held inside an FDIC-insured deposit account. Contribution limits follow current Internal Revenue Service rules — see irs.gov for annual updates. An IRA Savings can serve as the cash sleeve inside a broader retirement plan, or as the sole retirement vehicle for savers who prefer principal-protected deposits. Rollovers from 401(k) and other IRA custodians are accepted.

Q: What is the Holiday Club account?

Holiday Club is a seasonal goal-savings account. Customers set up an automatic weekly or monthly transfer from a checking account and receive the full balance with interest in early November — in time for holiday spending. The account opens with $10, carries no monthly fee, and reopens automatically for the next cycle. It is a simple structured savings tool for households that prefer separating gift and travel money from everyday checking.

Five savings products tailored to different life stages — basic Statement Savings for emergency funds, tiered High-Yield Savings for larger balances, Youth Savers for under-18 savers, IRA Savings for retirement dollars, and Holiday Club for seasonal goals. Every account at Exchange Bank is FDIC-insured up to the standard $250,000 per depositor per account ownership category.

Rate disclosures follow Regulation DD (Truth in Savings). Deposit insurance details and the EDIE calculator are published at fdic.gov.

Open at a Branch Sign In to Digital Banking

Exchange Bank savings dashboard showing Statement, High-Yield, Youth, IRA and Holiday Club tiers with APY trend

Product	Min Open	APY Range	Monthly Fee	Access
Statement Savings	$50	Base tier only	$3 (waived at $300 balance)	ATM, branch, online, mobile
High-Yield Savings	$2,500	Tiered at $2.5K / $10K / $25K / $100K	$5 (waived at $2,500)	ATM, branch, online, mobile
Youth Savers (under 18)	$25	Promotional rate on first $500	$0	Branch + parent-supervised online
IRA Savings (Traditional)	$100	Tiered, IRS limits apply	$0	Branch, online beneficiary portal
IRA Savings (Roth / SEP)	$100	Tiered, IRS limits apply	$0	Branch, online beneficiary portal
Holiday Club	$10	Base tier, pays out in November	$0	Auto-transfer from checking

Statement Savings

The everyday deposit account. $50 opens it, pays a base-tier APY on any balance, and waives the $3 monthly service fee with a $300 average daily balance. Monthly eStatement or paper statement. ATM access, in-branch withdrawals, online-banking transfers and automated deposit all included. Typically serves as the emergency-fund anchor or as overdraft funding for a linked checking account.

High-Yield Savings

A tiered-rate savings account for larger balances. Tiers break at $2,500, $10,000, $25,000 and $100,000 — each higher breakpoint pays a higher variable APY on the whole balance. Interest compounds daily and credits monthly. The $5 monthly service fee is waived at the first $2,500 tier, so most earners pay nothing. Ideal for households parking six-figure cash reserves or windfall proceeds awaiting deployment.

Youth Savers

Designed for savers under age 18 with a parent or guardian co-signer. $25 opens the account, no monthly fee, and a promotional higher rate applies to the first $500 in balance to encourage early saving habits. Includes passbook-style online view for parents, automatic transfer rules, and free first-time debit Visa issuance at age 13 on request. Graduates automatically to Student Checking at age 18.

IRA Savings & Holiday Club

IRA Savings holds retirement dollars inside an FDIC-insured deposit account — Traditional, Roth and SEP structures available. Annual contribution limits follow current Internal Revenue Service rules, published at irs.gov. Holiday Club is a seasonal auto-save account: set a weekly or monthly transfer, receive the balance in November. $10 opens it, no fee, automatically reopens each cycle.

FDIC Deposit Insurance: $250K Per Category

Every savings account is insured by the Federal Deposit Insurance Corporation up to $250,000 per depositor per account ownership category. Categories include single accounts, joint accounts, retirement accounts (including IRAs) and revocable trust accounts. A household with a Statement Savings, a joint High-Yield Savings and an IRA Savings therefore carries up to $750,000 of combined coverage across the three categories at the same institution.

The FDIC publishes an interactive Electronic Deposit Insurance Estimator (EDIE) at fdic.gov. Coverage is automatic on deposit opening — no enrollment or fee.

Savings dashboard with tiered APY, deposit history and FDIC insurance summary

Mobile app showing automatic transfer rules and savings goal progress

Automated Savings & Transfer Rules

Any savings account can be fed by an automatic transfer rule set inside digital banking — weekly, bi-weekly, semi-monthly or monthly. The mobile app exposes a goal-tracker that visualises progress against a user-defined target such as a down payment or emergency fund. Round-up-to-savings on debit-card purchases is an optional toggle: each debit transaction rounds to the next dollar and the difference sweeps to the linked savings account overnight.

Withdrawal rules are simple — unlimited in-branch and ATM withdrawals. Electronic withdrawal limits follow federal deposit-account rules published by the Federal Reserve. Notifications for large or unusual transactions are configured through smart alerts.

Linked to Checking for Overdraft Protection

A Statement Savings or High-Yield Savings can be linked to any Exchange Bank checking account as an overdraft funding source. When the checking balance falls short of a transaction, the system sweeps from savings in $100 increments for a small transfer fee. That sweep fee is typically a fraction of a standard overdraft fee and eliminates surprise insufficient-funds charges on recurring payments.

Relationship pricing on Premier Checking is based on combined deposit balances across checking, savings, money market and CD. Keeping savings at the same institution as primary checking therefore compounds into fee waivers and loan-rate discounts on home loans and vehicle financing.

Branch banker reviewing savings options with young family in Santa Rosa location

Checking Accounts

Link a savings account for overdraft protection and relationship pricing on Premier Checking.

Money Market

Step up from High-Yield Savings with cheque-writing privileges and higher tier APY.

Certificates of Deposit

Lock in 3-month to 60-month rates above variable savings yields.

Business Savings

Separate savings for a sole proprietor or LLC with tiered business APY.

Digital Banking

Automate transfers and track savings goals inside online banking.

Smart Alerts

Configure deposit, withdrawal and goal-progress alerts on every savings account.

How much does it take to open a savings account at Exchange Bank?

Statement Savings $50, High-Yield Savings $2,500, Youth Savers $25, IRA Savings $100, Holiday Club $10. Open at any of the 17 Sonoma, Marin or Napa branches or call 1-800-995-4066.

Are savings accounts FDIC-insured?

Yes — up to $250,000 per depositor, per account ownership category. See fdic.gov and the EDIE calculator.

What APY does High-Yield Savings pay?

Tiered variable APY at $2.5K / $10K / $25K / $100K breakpoints. Daily compounding, monthly credit. Rates disclosed under Regulation DD and move with deposit-market conditions.

Does Exchange Bank offer IRA savings?

Yes — Traditional, Roth and SEP IRA Savings. Contribution limits follow IRS rules. Rollovers from 401(k) and other custodians accepted.

What is the Holiday Club account?

A seasonal auto-save account. Transfer weekly or monthly, receive the balance with interest in November. $10 opens it, no fee, reopens automatically each cycle.