St. Mary's Bank Introduces High Yield Savings to Help People Earn More While Keeping Banking Simple

2 minute read

St. Mary's Bank, America's First Credit Union, has introduced a new High Yield Savings account designed to help people earn more on the money they've already saved while keeping their banking relationship simple and connected.  

As individuals and families continue looking for ways to make every dollar count, many are searching for savings options that offer stronger returns without adding the complexity of a secondary financial institution. St. Mary's Bank developed High Yield Savings to meet that need, providing a competitive return while keeping funds accessible and easy to manage.  

"Many people want their savings to work harder, but they also want access to their money when they need it," said Leo Simard, Chief Retail Banking Officer. "We created a High Yield Savings as a simple solution that gives people the opportunity to earn more while keeping their banking relationship in one place. It's an account that's designed to fit into everyday life."  

The account offers a high APY on balances as low as  $0.01 and only requires $10 to open the account. Members can qualify for the premium rate by maintaining a St. Mary's Bank checking account that meets the qualifying recurring monthly direct deposits.  

“We want to help our members earn more on the money they’re setting aside for whatever goals matter most to them," said Simard. "High Yield Savings is designed to recognize members whose relationship includes a checking account with direct deposit and provide a premiere rate to support them on their unique financial goals and journeys.