It’s never too soon to save.
Savings & CDs
Ready to start an emergency fund or save for a special goal like a wedding or mortgage payment? Whatever your reasons, it’s never too soon to start saving!
We offer a variety of savings accounts to meet your needs.
Everybody saves money differently, that’s why we offer several account options to meet your needs.
Save Green
An everyday savings account.
Earns Interest
$25 minimum deposit to open
Available to any age
Super Green Savers
A child’s first savings account.
Earns Interest
$0 minimum to open
Available to children age 0-12
Christmas Club
Start your holiday shopping early!
Earns interest
$2 minimum to open
Available to ages 16+
Money Market Plus
Earn higher rates for higher balances
Earns Interest
$1,000 minimum to open
Debit Card and Checks available
Health Savings Account (HSA)
Tax-exempt* savings to pay for qualified medical expenses.
Earns Interest
$0 minimum to open
Must be enrolled in a High Deductible Health Plan (HDHP)
HSA Debit Card
Swipe and Save!
Green Cents
Combine your Dieterich Bank savings account with one of our Green Checking accounts to take advantage of even more savings opportunities with Green Cents!
Certificates of Deposit (CDs)
Enjoy a low-risk savings solution with a fixed interest rate – no surprises or fluctuations. Select the term that best fits your financial situation, lock it in, and watch the returns roll in.
Green Savings Duo
Combine a Dieterich Bank savings account with a 16-month CD to maximize your interest earning potential.
Looking for the best savings account for your needs?
If you’re searching for “savings accounts near me,” we hope you’ll check us out!
With fourteen branches in Central and Western Illinois, as well as digital banking for wherever you go, Dieterich Bank offers the hometown touch of a community bank with the cutting-edge technology you’re looking for.
What is a Health Savings Account?
A Health Savings Account (HSA) is a tax-advantaged savings account, used in combination with a High Deductible Health Plan (HDHP). It allows you to save money tax-free, exclusively to pay or reimburse qualified medical expenses.
How does an HSA work?
Each year, you decide how much to contribute to your HSA account. However, there are government-mandated maximums that you cannot exceed. In 2024, these limits are $4,150 for an individual and $8,300 for a family. Adults over 55 are allowed an annual “catch-up” contribution of $1,000 more. If you have an HSA through your workplace, we offer free direct deposit, so you can easily set up automatic contributions directly from your payroll.
You will receive a debit card, or checks linked to your HSA account, and you can use the funds on eligible medical expenses. This includes deductibles, copays and coinsurance, plus other qualified medical expenses not covered by your plan.
What are the benefits of an HSA?
More easily drawn upon for emergencies than their IRA counterparts, HSAs can “roll over” year-to-year to create a sizable retirement nest egg, so you never have to worry about losing your savings. This can also be seen as a “rainy day” health care savings plan.
Did we mention tax savings?
A properly established HSA program allows contributions by you or your employer to not be included in gross income – they are tax-free. Payouts for qualified medical expenses are also tax-free. Accumulated interest and dividends are tax-free or tax deferred.
*Tax exempt status depends upon individual circumstances. Check with your tax preparer or legal counsel to determine your eligibility.
