Savings Accounts

Trying to save money for a big vacation or for a rainy day? Old Point makes saving money easier and more convenient with these flexible, FDIC-insured savings and investment options.

Statement Savings

A Statement Savings account is the ideal way to save for almost anything!

Minimum opening deposit of $10
Monthly service charge of $2.00 if monthly balance falls below $200.00
Withdrawals in excess of two during the statement cycle will result in a $1.00 per item fee.
Federal banking regulations limit you to six pre-authorized, telephone or online banking transfers to your other Old Point accounts or to a third party from your savings account per month.

Combined Statement Savings

This account is a true convenience! When you combine your checking account statement with your Combined Statement Savings account you’ll receive one easy-to-read statement each month AND there is no minimum balance requirement on the savings account.

Minimum opening deposit of $10
No minimum balance requirement when combined with your checking account statement
Withdrawals in excess of two during the statement cycle will result in a $1.00 per item fee.
Federal banking regulations limit you to six pre-authorized, telephone or online banking transfers to your other Old Point accounts or to a third party from your savings account per month.

Premium Money Market

No longer available.

Money Market Savings

Invest your money AND have the convenience of limited check writing.

Minimum opening deposit of $25
Monthly service charge of $7 if minimum monthly balance falls below $2,500
Withdrawals in excess of six during the statement cycle will result in a $2.50 per item fee.
Federal banking regulations limit you to six pre-authorized, telephone or online banking transfers to your other Old Point accounts or to a third party from your savings account per month.

Preferred Investment Savings

A premium investment option that still has some liquidity.

Minimum opening deposit of $2,500
Monthly service charge of $10 if average daily balance falls below $25,000
Withdrawals in excess of three during the statement cycle will result in a $10.00 per item fee.
Federal banking regulations limit you to six pre-authorized, telephone or online banking transfers to your other Old Point accounts or to a third party from your savings account per month.

Holiday Club Savings

Start saving for holiday expenses today! Traditionally, our Holiday Club accounts are used to put away a little money each month for the gifts you’ll purchase at the holidays, but they can also be used to save for end-of-year taxes or other expected annual expenses. You choose how to save by either:

Having an automatic monthly deduction from your checking or savings account into your Holiday Club account
Or, making payments using your account’s coupon book at any Old Point location

In October your money will automatically be returned to you, either by direct deposit or by check depending on which deposit type you choose, and will include interest at the current effective rate. Just in time for the holidays!