person petting their yellow lab outside

Companion Savings

The Best Things in Life Are Better Together!

We are now offering 3.60% APY 1 on our Companion Savings Account that accompanies newly issued Flatwater Bank CDs! Open a new CD and you qualify for our high yield companion savings account up to the same deposit amount.2

Companion Savings Benefits & Features
  • High yield like a CD
  • No time limits on your companion savings deposit
  • Access your funds through digital banking, at ATMs and at Flatwater Bank branches
Offer Details
  • Minimum balance to open is $500
  • Companion Savings account must be opened the same day as a new CD
  • Maximum deposit is equal to the amount of the corresponding new CD 
1 Annual Percentage Yield accurate as of 10.12.2023. Interest will be compounded and credited to your savings account quarterly . Rate is subject to change at any time.  Fees may reduce earnings. 
2 The companion savings account is a limited transaction account opened the same day as a new CD with a maximum deposit up to the amount of the newly opened CD(s).  Open with $500, and keep a $500 daily balance in the account to avoid the $25 quarterly maintenance fee.  Deposits are limited to initial deposit only, or at the same time as opening a new CD.

Why Choose Us? 

You need personal service from bankers who understands your needs.  We have focused on community banking since 1902 and have worked with clients to build personalized solutions around them.