Personal Savings

Looking to save but don't have much to start with? With Personal Savings, you can start immediately, with just $50. Open an account and start working on your goals today.

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Competitive Interest rate with a Low Balance Requirement

Whether you're starting out or starting over, you don't need to bother with high minimum balance requirements. Our Personal Savings account provides you with a competitive interest rate and all the conveniences of a Mobank bank account, including QuickSave and free Online Banking.

Download our Simple Guide for more information.

Competitive Interest Rates

We offer very competitive interest rates so your money can work for you, no matter how much you have in savings. Visit our deposit rates page for more information.

Deposit Rates

Automated Savings

Reach your goals faster using QuickSave, our program that helps you save money faster. Every time you use your debit card for a qualifying purchase, we'll automatically transfer an amount of your choosing into savings — and we'll even match a portion of what you save.

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Low Balance Requirements

Sure, saving money can be hard. To make it easier, our Personal Savings accounts are quick to get started and don't require much to get started. You can open an account with just $50. And there's no monthly fee if you transfer at least $10 from a Mobank checking account each month or keep $250 in your account at all times.

Account Information

Monthly Fees

The monthly service fee ($5.00) can be avoided if one of the following conditions are met:

  • Monthly electronic transfers of at least $10 from your Mobank personal checking account
  • $250 minimum balance
  • Savings Accounts for Minors

    Youth Savings is a great introduction to saving for youngsters, and comes with no monthly fee. The primary owner must be no older than 19 years of age, and the account must be co-owned by a parent or guardian.

    View our Simple Guide for more information.

    How It Works: QuickSave

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    Saving for the future is important but we know it's not easy — especially when you go it alone. Now you have a partner to help you, Mobank. QuickSave is a tool that allows you to automatically put a set amount into your savings account every time you use your debit card for a qualifying purchase. And, we'll match a portion of those savings!

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    When you set up your QuickSave account, you'll determine how much you'd like to save with each transaction, either $0.25 or $0.50, and we'll link everything to your Mobank savings or money market account. Each night, we'll take the number of debit card and online Bill Pay transactions, multiply the total by your QuickSave amount, the $0.50 or $0.25, and then transfer that amount to your savings or money market account in one transfer. Each year, we'll automatically transfer our match amount within 6-8 weeks after the anniversary date of your account. After you've enrolled, you can see the transfer activity in both your checking account and savings account.

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    The sky's the limit for how much you can save using QuickSave, and Mobank will match up to $250 of those savings each year. To calculate how much you might save this year, try using this calculator today.

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    Just tell us the amount you want to transfer to your savings account with each transaction and we'll do the rest. Stop by one of our convenient banking centers or call an ExpressBanker at (866) 836-0846 to get started today!

    Frequently Asked Questions

    Got questions? We've got answers. And, if you don't find what you're looking for, sign in to Online Banking and visit our Actions and Tools menu to send us a Secure Message or call us at (866) 836-0846.

    Is there a monthly fee for this account? There is a low monthly service fee of $5. However, it can be avoided if one of the following conditions are met:

  • Monthly electronic transfers of at least $10 from your Mobank personal checking account
  • Maintain monthly average collected balance of $250
  • How much interest will I earn on this account?

    We offer very competitive interest rates. See our deposit rates for more information.

    How can I open an account online?

    Opening and funding your account online is secure, fast, and easy. Simply apply online today to get started. Once your application has been received we will send you an email letting you know if it is approved. You will need to have the following when you apply:

    • Your social security number
    • Your driver's license or state issued ID number
    • Information about any loans or mortgages that you may have to help us confirm your identity
    • For instant funding, you will need your current bank account and routing number
    • If applying for a joint account, you will need the secondary applicant's name, social security number and date of birth
    • A working printer in order to print disclosures, signature cards and other important documents

    Ready to Get Started?

    Open Now

    Related Products and Services

    Interested in more perks or higher interest rates? No problem. We have a variety of other accounts to choose from.

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    Related Information

    Deposit Rates

    Find up-to-date information on our interest rates on all our accounts.