Goal Focused Savings Account
Start Your Goal Focused Saving with Us
At 1st Colonial Community Bank, we're more than just a bank. We're your financial allies, your Southern New Jersey and Southeastern Pennsylvania community partners, and your guide to smart, goal-oriented saving. We're proud to introduce our Goal Focused Savings Account, designed for those who have a specific savings goal in mind, such as Christmas, a vacation, or a birthday celebration.
Achieve Your Goals: The Power of a Goal Focused Savings Account
A Goal Focused Savings Account is more than just a safe place for your money. It's a tool that allows you to save systematically for a specific goal. Whether you're dreaming of a sun-soaked vacation, planning a grand Christmas celebration, saving for a special birthday gift, or even setting aside funds for a home renovation project, our Goal Focused Savings Account can help you reach your goal.
This account is perfect for keeping your savings organized. By separating your funds, you can easily track your progress towards each individual goal. Use it in combination with your regular savings account to manage your money effectively. With our Goal Focused Savings Account, you can enjoy the benefit of earning interest on your savings and the convenience of automatic deposits. It's not just about saving; it's about achieving your goals.
Goal Focused Features: Experience the Best in Savings
Our Goal Focused Savings Account comes with a host of features designed to help you reach your savings goals:
- Interest-Bearing Account: Your money works for you. Earn interest on every dollar in your account.
- Minimum Deposit: Start your Goal Focused Savings Account with a minimum deposit of just $5.
- Flexible Interest Rates: Your interest rate and annual percentage yield may change, giving you the opportunity to benefit from rising rates.
- Daily Compounded Interest: Maximize your earnings with interest that's compounded daily and credited at maturity.
- This interest-earning account matures in 52 weeks, after which the annual percentage yield is applied.
Take the First Step: Start Saving for Your Goals Today
Ready to start saving for your goals? Open your Goal Focused Savings Account today. Reach out to us to set up an appointment at one of our branches in Collingswood, Westville or Limerick, PA. We're excited to help you on your journey to achieving your savings goals.
Frequently Asked Questions About Goal Focused Savings Accounts
What is a Club Savings Account?
A Goal Focused Savings Account is a type of savings account that helps you save systematically for a specific goal, such as Christmas, a vacation, or a birthday.
Are there any restrictions on withdrawals from a Club Savings Account?
Yes, transfers are not permitted from a Goal Focused Savings Account to another account or by check, debit card, or similar order to third parties.
How is the interest on my Goal Focused Savings Account calculated?
Interest on your Goal Focused Savings Account is compounded daily, which means you earn interest on your interest.
Can the interest rate on my Goal Focused Savings Account change?
Yes, the interest rate and annual percentage yield on your Goal Focused Savings Account may change at our discretion.
What happens if I close my Goal Focused Savings Account before maturity?
If you close your Goal Focused Savings Account before maturity, you will not receive the accrued interest.