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Personal Savings

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Personal Savings

Opening a Savings Account is a great way to get your savings plan underway! No minimum deposit after account opening, so even young savers can see their savings balance grow, regardless how small the deposit. Savings accounts are great for that summer vacation, holiday fund or emergency funds. Having a savings is crucial to financial health, and Veritex Bank makes it easy!

Account Features & Benefits:

  • Minimum Opening Balance: $100
  • Interest Tiers by Balance:
    • $0 - $19,999
    • $20,000 - $49,999
    • $50,000 and over
  • Minimum Balance to Earn Interest (calculated on daily ledger balance, paid quarterly): $0 
  • To Avoid Service Charge: $300 average ledger balance during quarter
  • Service Charge: $6 per quarter
  • Auto-Refunds for Auto-Refunds for Foreign ATMs* (other banks’ surcharges): N/A
  • Foreign ATM Transaction Fee*: $3
  • Statements: Paper or E-Statement
  • Check Images: N/A

*These do not apply when using the Allpoint network. Visit veritexbank.com/allpoint-atm-locations for the Allpoint ATM nearest you.

CERTIFICATE OF DEPOSIT (CD)

We offer Certificates of Deposit with wide-ranging terms. With a minimum opening requirement of only $1,000, Certificates of Deposit offer stable, secure results, insured by the FDIC.

Account Features & Benefits:

Interest rates determined by term and investment amount

  • Minimum Opening Balance: $1,000
  • Minimum Daily Balance: $1,000
  • Monthly Service Fee: $0
  • Transaction Fee: Penalty for early withdrawal

Personal Preferred Money Market

Designed for those with higher investible balances who choose to retain liquidity. Tiered interest varies with the current market. A great source for emergency funds without the penalties of traditional time deposits.

Account Features & Benefits:

  • Minimum Opening Balance: $100
  • Interest Tiers by Balance:
    • $10,000 - $49,999
    • $50,000 - $249,999
    • $250,000 - $499,999
    • $500,000 - $1,499,999
    • $1,500,000 and over
  • Minimum Balance to Earn Interest (calculated on daily ledger balance, paid monthly): $10,000
  • To Avoid Service Charge: $10,000 minimum daily balance
  • Service Charge: $15 per month
  • Auto-Refunds for Foreign ATMs* (other banks’ surcharges): N/A
  • Foreign ATM Transaction Fee*: $3
  • Statements: Paper or E-Statement
  • Check Images: Images in Statements

*These do not apply when using the Allpoint network. Visit veritexbank.com/allpoint-atm-locations for the Allpoint ATM nearest you.

Individual Retirement Account

If your investment goal is focused on retirement, traditional and SEP IRA’s offer tax-deferred earnings, and Roth IRA’s offer tax-free earnings. We can set up different Individual Retirement Account plans, depending on your savings objectives.

Account Features & Benefits:

Interest rates determined by term and investment amount

  • Minimum Opening Balance: $1,000
  • Minimum Daily Balance: $1,000
  • Monthly Service Fee: $0
  • Transaction Fee: Penalty for early withdrawal

HSA Account

Prepare for the unexpected with tax-deductible contributions, tax-free earnings, and tax-free withdrawals for qualified medical expenses. You must have an HSA-qualified insurance plan. Checks available at additional cost.

Account Features & Benefits:

  • Minimum Opening Balance: $100
  • To Avoid Service Charge: $0
  • Service Charge: N/A (One-time $25 set up fee)
  • Transaction Limits: None
  • Auto-Refunds for Foreign ATMs* (other banks’ surcharges): N/A
  • Foreign ATM Transaction Fee*: $3
  • Statements: Paper or E-Statement
  • Check Images: Images inStatements

Convenient HSA VISA® Debit Card

Interest paid regardless of balance

Unlimited transactions (Subject to current HSA limits, standard IRA reporting and other restrictions apply.)

*These do not apply when using the Allpoint network. Visit veritexbank.com/allpoint-atm-locations for the Allpoint ATM nearest you.

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Personal Account Schedule of Service Charges and Fees

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