Savings Accounts

Hanover Community Bank offers a variety of Savings Accounts to fit your needs. Our savings accounts earn interest and your deposits with us are FDIC insured.

Our savings plans come with the perfect financial combination: competitive interest rates and easy access to your funds. Plus, you will have the convenience of our Free Online Banking to view your information, make payments, and transfer funds between accounts (subject to Regulation D withdrawal and/or transfer limitations) and more.

Relationship Savings 

  • Available to customers who maintain a HCB Checking account * with the following monthly transaction activity:
    • a) At least one electronic Direct Deposit greater than $250.00 that posts and clears

    Or

    • b) Four Point of Sale (POS) Debit Card transactions that post and clear
  • $100.00 minimum balance is required to open an account
  • Interest earned on balances up to $250,000.99
  • Can be opened as a Custodial account for a minor
  • Link to your ATM VISA Debit Card
  • Transfer funds between savings and checking with the convenience of Online Banking
  • This is a variable rate account; the rate may change after the account is opened.
  • A monthly fee of $5.00 will be charged if the account balance falls below $100.00

Savings Plus

  • $100.00 minimum balance is required to open an account
  • Interest earned on balances up to $600,000.99
  • Can be opened as a Custodial account for a minor
  • Link to your ATM VISA Debit Card (an HCB Checking account is required) *
  • Transfer funds between savings and checking with the convenience of Online Banking
  • This is a variable rate account; the rate may change after the account is opened.
  • A monthly fee of $5.00 will be charged if the account balance falls below $100.00

Basic Savings

  • $100.00 minimum balance is required to open an account
  • Interest earned entire balance
  • Can be opened as a Custodial account for a minor
  • Perfect for holiday or vacation savings
  • Link to your ATM VISA Debit Card (an HCB Checking account is required) *
  • Transfer funds between savings and checking with the convenience of Online Banking
  • This is a variable rate account; the rate may change after the account is opened.

 

Any more questions? Check out our FAQs page for additional information.

* Limitations Apply.  The first five foreign ATM transaction fees (both Hanover and Foreign Bank ATM fees) in a statement cycle will be reimbursed. 

Call Hanover Community Bank at (516) 548-8500 for more information on our banking products and services. Branch location, hours of operation and other related information can be found on our Contact page.

Have more questions? Check out our FAQs page for additional information.