SAVING OPTIONS FOR ANYONE
PERSONAL SAVINGS
Personal Savings Accounts
There are questions you ask when you’re considering starting your personal savings account: Is my money safe? Do I earn interest? Am I doing business with a local bank I can trust? At NobleBank, we take pride in being part of the Central Alabama communities we serve and the lives of the people who live there. And you can be confident that we’ll answer “yes” to all those questions.
We value your business and your trust, and our personal savings accounts show that. At NobleBank, we’re invested in our community and its future, and our savings accounts help you save money for yours. Come visit one of our branches, and we’ll help you find the account that best suits you.
Establish Personal Savings at a Local Bank
We offer six ways you and your family can save money while earning interest:
- Noble Savings
- Premium Savings
- Youth Savings
- Premier Money Market
- Certificates of Deposit (CDs)
- Individual Retirement Accounts (IRAs)
You might be looking for a personal savings account that gives you the best return over time. Or maybe you’re planning early for retirement. You might be opening your first account and learning how and why to save. Whatever your needs, we’re happy to help you start the right account for you.
Personal Savings Accounts in Central Alabama
We’re proud to be your local bank in Central Alabama. We’d love to handle your personal savings at one of our six locations:
- Anniston
- Alexandria
- Birmingham
- Piedmont
- Oxford
- Heflin
Come in and visit us and establish your personal savings account in one of our branches today. We’ll help you open your account in minutes so you can start saving. We look forward to seeing you soon!
Make your Noble checking even better! With Noble Savings, your Noble Interest earnings and ATM withdrawal fee refunds* are automatically transferred to make saving easy! You also earn a great interest rate to help you build your balance quickly. And with no minimum balance requirement to earn rewards, this account has everything you want and none of the things you don’t!
NOBLE SAVINGS
FEATURES
QUALIFICATIONS
Qualifying for your Noble Interest rewards automatically qualifies you for the highest Noble Savings rate, too. To earn your rewards, just do the following transactions and activities in your Noble Interest account during each Monthly Qualification Cycle:
- Have at least 12 debit card purchases post and settle
- Have at least 1 direct deposit or ACH payment transaction post and settle
That’s it. Even if you don’t meet your qualifications during the cycle, your Noble accounts are still free. Plus, you’ll still earn our base interest rate on Noble Savings. And you can get right back to earning your full rewards the very next month!
*APY=Annual Percentage Yield
*APY=Annual Percentage Yield. APYs accurate as of 05/01/2020. Rates may change after account is opened. Minimum to open is $25 for Noble Interest and $0 for Noble Savings. For Noble Interest, if qualifications are met each monthly qualification cycle: (1) Domestic ATM fees incurred during monthly qualification cycle will be reimbursed and credited to account on the last day of monthly statement cycle; (2) balances up to $15,000 receive APY of 2.00%; and (3) balances over $15,000 earn 0.25% APY on the portion of the balance over $15,000, resulting in 2.00% – 0.25% APY depending on the balance. If qualifications are not met on Noble Interest all balances earn 0.01% APY. Qualifying transactions must post and settle to Noble Interest account during monthly qualification cycle. Transactions may take one or more banking days from the date transaction was made to post to and settle account. “Monthly Qualification Cycle” means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. The advertised Noble Interest APY is based on compounding interest. Interest earned in Noble Interest is automatically transferred to Noble Savings each statement cycle and does not compound. Actual interest amount paid may be less than advertised Noble Interest APY. The Noble Savings APYs may be less than Noble Interest APYs. If qualifications in Noble Interest are met each monthly qualification cycle: (1) balances up to $15,000 in Noble Savings receive an APY of 0.25%; and (2) balances over $15,000 in Noble Savings earn 0.10% APY on portion of balance over $15,000, resulting in 0.25% – 0.10% APY depending on the balance. If qualifications are not met on Noble Interest, all balances in Noble Savings earn 0.10% APY. ATM-processed transactions and transfers between accounts do not count as qualifying transactions. ATM receipt may be required for reimbursement of an individual ATM fee of $5.00 or higher. Consumers Only.
Setting aside funds and earning interest is a good way to help kids start appreciating the value of saving money. This savings account can get them started! Help your child start learning sound financial practices by setting them up with a safe place to keep their allowance, babysitting money, or anything else!
YOUTH SAVINGS ACCOUNT
HELP YOUR CHILD LEARN TO SAVE
Up to the age of 18
Requires a legal adult as joint owner
FEATURES
NOTE: There is a $20 fee if the account is closed within 90 days of opening.
Bigger balances deserve bigger returns. This high yield account gives you a higher rate that grows with your balance. Build your savings while still getting easy access to funds, including check writing privileges. Plus, with online banking and unlimited teller transactions, your money is always right there when you need it.
PREMIER MONEY MARKET ACCOUNT
FEATURES
NOTE: There is a $20 fee if the account is closed within 90 days of opening.
*NobleBank does not charge a fee for foreign ATM use. The owner of that ATM may still charge a fee.
Earn a high rate of interest without any of the guesswork involved. A NobleBank certificate of deposit (CD) is an investment you can count on. Take advantage of fixed rates so you always know the return you’re getting. And with FDIC insurance up to $250,000, you can rest easy knowing your money’s safe.
CERTIFICATES OF DEPOSIT
FEATURES
Planning for retirement doesn’t have to be complicated. Open one of these interest bearing accounts and start saving for those golden years. We offer traditional and Roth IRAs, each with its own advantages and both providing solid returns on your money. Consult with one of our knowledgeable staff to see which is right for you.
INDIVIDUAL RETIREMENT ACCOUNTS
PLANNING FOR RETIREMENT
$1,000
annual “catch up” contributions allowed for
ages 50 and better
FEATURES
TRADITIONAL VS. ROTH
There are advantages to both Traditional and Roth IRAs. One of the biggest differences is the time at which you see the most advantage. A Traditional IRA provides potential tax relief today, while a Roth IRA has the potential for the most tax benefit at time of retirement.
Traditional IRA
- No income limits to open
- No minimum contribution requirement
- Contributions are tax deductible on state and federal income tax1
- Earnings are tax deferred until withdrawal (when usually in lower tax bracket)
- Withdrawals can begin at age 59½
- Early withdrawals subject to penalty2
- Mandatory withdrawals at age 70½
- Must maintain a minimum daily balance of $1,000 in account each day to obtain the disclosed annual percentage yield
Roth IRA
- Prepare for qualified medical expenses
- Income limits to be eligible to open Roth IRA3
- Contributions are NOT tax deductible
- Earnings are 100% tax free at withdrawal1
- Principal contributions can be withdrawn without penalty1
- Withdrawals on earnings can begin at age 59½
- Early withdrawals on earnings subject to penalty2
- No mandatory distribution age
- No age limit on making contributions as long as you have earned income
- Must maintain a minimum daily balance of $1,000 in account each day to obtain the disclosed annual percentage yield
1Subject to some minimal conditions. Consult a tax advisor.
2Certain exceptions apply, such as healthcare, purchasing a first home, etc.
3Consult a tax advisor.