Savings FAQs
These FAQs explain how NASB savings accounts work, including interest rates, minimum balances, fees, transfers, and online access.
Your Guide to NASB Savings Accounts
North American Savings Bank (NASB) offers savings account options designed to help customers grow their money while maintaining easy access with robust digital banking tools. NASB savings accounts earn interest, are FDIC-insured, and can be managed through Online and Mobile Banking. The FAQs below address common questions about opening a savings account, interest rates, minimum balances, fees, transfers, and managing your savings with NASB.
What is a savings account used for?
NASB savings accounts help customers save money while earning interest. These accounts are typically used for emergency funds and financial goals.
How do I fund my savings account?
NASB permits electronic transfers and internal transfers to fund savings accounts. You can also make deposits to your savings accounts in one of our retail branches. Electronic funding is a common method for deposit accounts.
Can savings fees be waived?
NASB may waive savings account fees if qualifying balances are maintained. Banks often provide fee waivers linked to balances.
How do withdrawals work from savings?
NASB follows standard savings withdrawal limits as per regulation. We no longer charge fees for excessive withdrawals from savings accounts.
Can I link savings to checking?
Yes, NASB allows eligible accounts to be linked for transfers. Linking accounts makes moving money easier.
Can I set savings alerts?
NASB lets customers set alerts for balances and activity. Alerts help monitor savings and safeguard accounts.
Can I manage savings in the mobile app?
NASB’s Mobile Banking app supports access to savings accounts and transfers. Mobile apps allow for convenient on-the-go banking. Click here for more information.
Is there ATM access to savings?
Click here for ATM locations. Since we no longer issue ATM cards, ATMs can only be accessed with a debit card. Customers also need a checking account to be issued a debit card.
How do I close a savings account?
NASB customer service or branch staff can assist with closing a savings account. Banks usually require accounts to have a zero balance before they can be closed.
How is a savings account different from a money market account?
NASB savings accounts provide basic interest savings, while money market accounts may offer greater access. Money market accounts typically require higher balances.
Is a savings account good for short‑term goals?
NASB savings accounts can serve both short‑ and long‑term savings needs. They provide liquidity and carry low risk.
