Savings & Money Market Accounts

FSB’s Statement Savings Advantage account combines the benefits of an interest-bearing savings account with convenient 24-hour banking capabilities and monthly statements that help you stay on track with your money-savings goals. The account can be opened with as little as $10. The Statement Savings Advantage account offers a comprehensive assortment of benefits, including:

*a $10 minimum balance is needed for individuals under the age of 18 and over the age of 62

Start teaching your children early on about the basics of money management with the FSB Kids’ Savings Account. Parents of children up to the age of 13 may open this account for as little as 50 cents. Additionally, with each 50 cent deposit, your child earns points which can be accumulated and exchanged for various prizes. How cool is that?

Whether you’re saving for a down payment, vacation, taxes, or planning for all of those holiday expenses, FSB’s super-flexible Choice Savings Club is the perfect account for you. Make payments in the bank, online or set up automatic deposits!  Your funds will automatically be transferred to your checking account on the payout date.

*The $25 fee will be waived if your withdrawal is used for a new FSB loan.

With a Money Market Advantage account through Franklin Savings Bank, you don’t have to keep your money tied up for an extended period of time—so you can save with no strings attached. This account offers higher interest rates with a tiered-interest structure, is FDIC-insured, and can be easily accessed online.

*A service charge of $10 per month may apply if daily balance falls below $2,500 at any time during the statement cycle. 

If you’re looking to earn a high rate of interest, then the Lakes Money Market Plus account is perfect for you. This account is offered exclusively to FSB checking account customers.

*A service charge of $10 per month may apply if daily balance falls below $2,500 at any time during the statement cycle. 

Do you have a high-deductible health plan? If so, you can save money on your out-of-pocket costs with a Health Savings Account through Franklin Savings Bank. Funds contributed to your Health Savings Account are not subject to federal income tax—so you can pay your health expenses tax-free! And the best part- funds roll over and accumulate from year to year if they are not spent. So you never have to worry about losing the money you saved for your health care expenses.

*A service charge of $2.25 per month may apply if daily balance falls below $2,500 at any time during the statement cycle.