Consumer Savings Accounts

Our savings accounts can help you achieve your financial goals with options that promote saving for tuition, special occasions, travel, or retirement. We can even help children learn to develop a healthy savings habit at an early age.

Call 215.789.4200, email our customer service team, or visit our banking office to open your savings account today.

 

Account Options


Hyperion Bank is like family.

Roy Bowser, Philadelphia, PA

Savings & Money Market

Explore the features and benefits of our FREE Statement Savings, Money Market, CDs, IRAs, and Children's Savings accounts to see which best meets your personal needs. We can help you start saving today.

Features & Benefits for Both Accounts

  • Earn interest on balances over $0.011
  • Free online banking
  • Free ATM card2
  • Up to 6 pre-authorized withdrawals per statement cycle, plus unlimited ATM withdrawals3
  • Regular paper statements/optional e-statements

View Comparison Chart

Free Statement Savings

Looking for a free and simple savings account? Hyperion Bank makes it easy to start saving now, with just a $50 minimum deposit required to open your account, a free ATM card for convenient cash withdrawals, and free online banking!

Additional Features & Benefits

  • $50 deposit to open your account
  • No monthly service charges or fees
  • Quarterly paper statements/optional eStatements

 

Consumer Money Market

A Hyperion Bank Money Market account is an ideal option when you want a flexible savings account that offers higher interest on balances over $1,000, and allows you to get cash and pay your bills. Simply maintain the $1,000 minimum opening deposit to waive monthly fees, plus get free electronic banking and bill pay, a free ATM card and starter checks. It's savings power and checking convenience--all in one account!

Additional Features & Benefits

  • $1,000.00 deposit required to open
  • $1,000.00 minimum average daily balance required to waive $10.00 monthly service fee
  • Free bill pay
  • Free starter checks
  • Monthly paper statements/optional e-statements

 

 

Interested in higher interest?

Our higher interest-earning CDs and IRAs help you earn more to save more. Consider the benefits of a short or long-term Certificate of Deposit, or build your retirement savings with a tax-advantaged Traditional or Roth Individual Retirement Account. We can help you determine which is the best option for you.

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I really love the service at Hyperion Bank—they don’t treat me like a number.

N. Jung, Philadelphia, PA

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CDs & IRAs

Certificates of Deposit (CDs)

Hyperion Bank CDs offer higher, fixed interest rates on your savings when you deposit your money into a fixed-term account. With a minimum deposit of just $500 required to open any CD, you can choose a term as short as just 30 days or as long as 60 months--with many term options in between. Select the term that's right for your personal financial goals, and let Hyperion Bank help you meet them!

Features & Benefits

  • Higher-interest rate savings with FDIC-insured security
  • Minimum $500 deposit to open any CD
  • Terms from 30 days to 5 years; longer terms earn higher interest4
  • Automatic renewal at maturity or automatic deposit into your Hyperion Bank checking account

Individual Retirement Accounts (IRAs)

Hyperion Bank helps you save to achieve your retirement dreams

You've likely heard financial experts say "pay yourself first." This good advice means that saving for your future should be a priority--and a monthly habit, from your first job through retirement. Even if you "pay yourself" by contributing just a small amount each month, the savings you accrue can help you fulfill your retirement dreams later in life. Sticking to a savings plan, particularly when you start early, is one way to work towards achieving your retirement goals.

Saving in a tax-advantaged Individual Retirement Account (IRA) is a way to make your money work even harder for you by reducing--or even eliminating--your tax liability on the funds you pay yourself. Hyperion Bank offers both Traditional and Roth IRA accounts that are FDIC-insured up to $250,000. You can even open an IRA Statement Savings Account with a minimum deposit of just $50.

Tax-advantaged Traditional & Roth IRAs

Individual Retirement Accounts can be a valuable part of any savings strategy. The federal government established IRAs to help individuals save for their own retirement by offering tax benefits to workers who contribute a portion of their earnings to their own "individual retirement plan." The IRS sets limits on how much you may contribute to your IRA in any given year. There is no minimum deposit amount required to open an IRA.

Compare the benefits of a Traditional or Roth IRA, and consult your tax advisor or ask us to help you determine which IRA will best meet your personal tax situation and retirement goals.

View Comparison Chart

Free Children's Savings Account

Hyperion Bank helps kids learn to start saving early with a Free Children's Savings Account. Children love watching their savings grow--start the savings habit here!

Features & Benefits

  • Only $1 required deposit to open
  • Earn interest on balances as low as one cent ($0.01)1
  • No fees or service charges
  • No minimum balance requirement
  • FREE online account access
  • FREE coin counting machine in our branch office
  • Statements mailed quarterly

1. See our Rate Schedule for interest information.

2.Other financial institutions may charge ATM fees when you use your Hyperion Bank debit card at their ATMs. Hyperion Bank charges a 1% fee on all international debit card transactions.

3. Up to six (6) telephone transfers or pre-authorized withdrawals including overdraft protection; internet banking transfers; check, draft, debit card or similar order, including point-of-sale (POS) transactions made by the depositor and payable to third parties; unlimited transfers and withdrawals made in person, by messenger, mail or at an ATM.

4. Fees may reduce earnings.

 

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