Explore all your options.
Grow your money faster with a great premium rate while keeping it safe and easy to access anytime you need it.
Beyond Savings
Keep it simple and grow your savings while maintaining control over your money.
Beyond Rewards Savings
Pair your savings with a Beyond Rewards Checking to enjoy competitive interest rates and no monthly service fees.
Kick Start and Automate Your Savings.
Turn your what’s next into reality with a premium rate that grows every dollar toward your biggest financial goals.
Most St. Mary's Bank personal checking accounts qualify—only exception is a Health Savings Account (HSA).
You'll also need to receive at least $1,500 in qualifying recurring monthly direct deposits into your St. Mary's Bank checking account to earn the premium savings rate.
The amount of interest you can earn depends on your account's APY and your balance. As of August 2026, with the national average savings rate at 0.38% APY per the FDIC and top high-yield accounts paying several times more, the difference can be meaningful. On a $10,000 balance, a 0.38% account earns about $38 a year, while a 4.00% account earns about $400 a year. Because High Yield Savings rates are variable, your actual earnings will change over time as rates change.
There is no legal limit to the number of High Yield Savings accounts you can open, and you can have accounts at more than one financial institution. Some people choose to open multiple accounts to organize savings for different goals or to spread balances across institutions to stay within the $250,000 federal insurance limit per institution. Individual financial institutions may also have their own limits on the number of accounts you can open.
A High Yield Savings account works the same way as a regular savings account, but it typically pays a much higher APY. A regular savings account at a large national bank may pay close to the 0.38% national average, or as little as 0.01%, while a high-yield account may pay several times more. Both are federally insured, and both give you access to your money. The biggest difference is how much interest your savings have the potential to earn.
Yes. Your deposits at St. Mary's Bank are federally insured by the National Credit Union Administration (NCUA) through the National Credit Union Share Insurance Fund, not the FDIC.
NCUA insurance provides the same standard level of protection as FDIC insurance at banks, currently covering eligible deposits up to $250,000 per member, per ownership category.
That means you can save with confidence knowing your eligible deposits are federally insured.
While all three accounts can help you grow your savings, they're designed for different goals.
A Savings Account is a great choice if you're building an emergency fund or saving for something in the near future. You'll earn interest while still having easy access to your money when you need it.
A Money Market account allows you to earn a variable rate of interest while maintaining convenient access to your funds.
A Certificate of Deposit (CD) lets you lock in your money for a set period of time in exchange for a fixed interest rate. It can be a smart option if you're saving for a future goal and won't need to access the money before the CD matures.
A checking account is for your everyday spending, while a savings account helps you set money aside for future goals.
Use your checking account for things like paying bills, making purchases with your debit card, and managing your day-to-day finances. Your savings account is where you can grow your money while earning interest for things like emergencies, vacations, or your next big goal.
Many people use both accounts together, keeping spending money in checking and moving extra funds into savings. With St. Mary's Bank Digital Banking and our mobile app and tools, it's easy to transfer money between your accounts and stay on track with your savings goals.
A Health Savings Account (HSA) lets you set aside money on a pre-tax basis to pay for qualified medical expenses. If you're enrolled in an HSA-eligible high-deductible health plan (HDHP), you can contribute to an HSA and use the funds for eligible healthcare costs.
Your HSA stays with you if you change jobs or health insurance plans, and any unused balance automatically rolls over year after year. Because eligibility and tax benefits can vary, we recommend consulting a qualified tax advisor to determine if an HSA is right for you.
Whether you're kick starting your savings, building an emergency fund, saving for a big purchase, or growing your money over time, St. Mary's Bank offers a variety of savings options to help you reach your goals. Choose from:
Beyond Savings: a simple, everyday savings account that helps you grow your money while giving you easy access to your money whenever you need it.
Rainy Day Savings: Perfect if you're just getting started. By making regular deposits, you can kick-start your savings habits, build your balance over time, and earn premium interest on qualifying balances.
Beyond Rewards Savings: Pair this account with a Beyond Rewards Checking account to earn competitively tiered interest rates and enjoy added relationship benefits.
High Yield Savings Account: Our High Yield Savings Account offers a competitive rate designed to help your savings grow faster. Visit our current rates page for the most up-to-date APY.
Not sure which account is right for you? We're here to help you compare your options and find the savings account that fits your goals.
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