Consumer Savings Accounts

Our savings accounts can help you achieve your financial goals with options that promote saving for tuition, special occasions, travel, or retirement. We can even help children learn to develop a healthy savings habit at an early age.

Call 215.789.4200, email our customer service team, or visit our banking office to open your savings account today.

Account Options

Free Statement Savings
Consumer Money Market
Certificates of Deposit (CDs)
Individual Retirement Accounts (IRAs)
Children's Savings Account
Rates

Hyperion Bank is like family.

Roy Bowser, Philadelphia, PA

Savings & Money Market

Explore the features and benefits of our FREE Statement Savings, Money Market, CDs, IRAs, and Children's Savings accounts to see which best meets your personal needs. We can help you start saving today.

Features & Benefits for Both Accounts

Earn interest on balances over $0.01¹
Free online banking
Free ATM card²
Unlimited withdrawals
Regular paper statements/optional e-statements

View Comparison Chart

Free Statement Savings
Looking for a free and simple savings account? Hyperion Bank makes it easy to start saving now, with just a $50 minimum deposit required to open your account, a free ATM card for convenient cash withdrawals, and free online banking! Additional Features & Benefits $50 deposit to open your account No monthly service charges or fees Quarterly paper statements/optional eStatements

Consumer Money Market
A Hyperion Bank Money Market account is an ideal option when you want a flexible savings account that offers higher interest on balances over $1,000, and allows you to get cash and pay your bills. Simply maintain the $1,000 minimum opening deposit to waive monthly fees, plus get free electronic banking, a free ATM card, and free starter checks. It's savings power and checking convenience--all in one account! Additional Features & Benefits $1,000.00 deposit required to open $1,000.00 minimum average daily balance required to waive $10.00 monthly service fee Free starter checks Monthly paper statements/optional e-statements

Compare Accounts

Features	Free Statement Savings	Consumer Money Market
Deposit to Open	$50	$1,000
Monthly service fees	None	$1,000 minimum average daily balance waives $10 monthly service fee
Earn Interest	Balances over $0.01¹	Balances over $0.01¹
Free Services	Free online banking Free ATM card²	Free online banking Free ATM card² and starter checks
Withdrawals	Up to 6 pre-authorized withdrawals per statement cycle, plus unlimited ATM withdrawals³	Up to 6 pre-authorized withdrawals per statement cycle, plus unlimited ATM withdrawals³
Statements	Quarterly paper statements with optional e-statements	Monthly paper statements with optional e-statements

1. See our Rate Schedule for interest information.
2. Up to six (6) telephone transfers or pre-authorized withdrawals including overdraft protection; internet banking transfers; check, draft, debit card or similar order, including point-of-sale (POS) transactions made by the depositor and payable to third parties; unlimited transfers and withdrawals made in person, by messenger, mail or at an ATM.
3. Fees may reduce earnings.

Interested in higher interest?

Our higher interest-earning CDs and IRAs help you earn more to save more. Consider the benefits of a short or long-term Certificate of Deposit, or build your retirement savings with a tax-advantaged Traditional or Roth Individual Retirement Account. We can help you determine which is the best option for you.

View Account Details

I really love the service at Hyperion Bank—they don’t treat me like a number.

N. Jung, Philadelphia, PA

Watch Testimonial

CDs & IRAs

Certificates of Deposit (CDs)

Hyperion Bank CDs offer higher, fixed interest rates on your savings when you deposit your money into a fixed-term account. With a minimum deposit of just $500 required to open any CD, you can choose a term as short as just 30 days or as long as 60 months--with many term options in between. Select the term that's right for your personal financial goals, and let Hyperion Bank help you meet them!

Features & Benefits

Higher-interest rate savings with FDIC-insured security
Minimum $500 deposit to open any CD
Terms from 30 days to 5 years; longer terms earn higher interest³
Automatic renewal at maturity or automatic deposit into your Hyperion Bank checking account

Individual Retirement Accounts (IRAs)

Hyperion Bank helps you save to achieve your retirement dreams

You've likely heard financial experts say "pay yourself first." This good advice means that saving for your future should be a priority--and a monthly habit, from your first job through retirement. Even if you "pay yourself" by contributing just a small amount each month, the savings you accrue can help you fulfill your retirement dreams later in life. Sticking to a savings plan, particularly when you start early, is one way to work towards achieving your retirement goals.

Saving in a tax-advantaged Individual Retirement Account (IRA) is a way to make your money work even harder for you by reducing--or even eliminating--your tax liability on the funds you pay yourself. Hyperion Bank offers both Traditional and Roth IRA accounts that are FDIC-insured up to $250,000. You can even open an IRA Statement Savings Account with a minimum deposit of just $50.

Tax-advantaged Traditional & Roth IRAs

Individual Retirement Accounts can be a valuable part of any savings strategy. The federal government established IRAs to help individuals save for their own retirement by offering tax benefits to workers who contribute a portion of their earnings to their own "individual retirement plan." The IRS sets limits on how much you may contribute to your IRA in any given year.

Compare the benefits of a Traditional or Roth IRA, and consult your tax advisor to help you determine which IRA will best meet your personal tax situation and retirement goals.

View Comparison Chart

Traditional or Roth IRA? Which is right for you?

Features	Traditional IRA	Roth IRA
Pre-tax or Post-tax Contributions?	Contribute with pre-tax earnings	Contribute with post-tax earnings
Are withdrawals taxed?	Withdrawals are taxed as income	Withdrawals are tax-free
When can I contribute?	Up to age 70.5	You may contribute at any age
How much can I contribute to my IRA each year? Please ask us for assistance or consult your tax advisor to determine your eligibility	Maximum annual contribution for age 49 and under is $5,500; age 50 and up is $6,500; no minimum contribution requirements	Maximum annual contribution for age 49 and under is $5,500; age 50 and up is $6,500; no minimum contribution requirements; income requirements apply for single and joint tax filers
Contribution deadline?	Contributions must be made by the April IRS filing deadline for the previous tax year	Contributions must be made by the April IRS filing deadline for the previous tax year
Are IRA earnings taxed?	Earnings¹ grow tax-deferred until withdrawals, on the assumption that your tax liability will be less by the time you start taking withdrawals	Earnings¹ grow tax-free, provided your funds meet the federal five-year aging requirement
Required Minimum Distributions (RMDs)?	You must start taking RMDs in the year that you turn age 70.5	Roth IRAs have no RMDs during your lifetime
Early withdrawal penalties?	Withdrawals taken before age 59.5 may incur a 10% penalty	Withdrawals taken before age 59.5 may incur a tax on earnings, plus an extra 10% tax
Fees?	Hyperion Bank charges no fees to set up or maintain an IRA	Hyperion Bank charges no fees to set up or maintain an IRA
FDIC insured?	Up to $250,000	Up to $250,000
Other benefits?	None	If you are over age 50, you may be eligible to make additional "catch-up" contributions--ask your tax advisor

1. See our Rate Schedule for interest information. Early withdrawals may incur penalties--check with your tax advisor for additional information.

Free Children's Savings Account

Hyperion Bank helps kids learn to start saving early with a Free Children's Savings Account. Children love watching their savings grow--start the savings habit here!

Features & Benefits

Only $1 required deposit to open
Earn interest on balances as low as one cent ($0.01)¹
No fees or service charges
No minimum balance requirement
FREE online account access
FREE coin counting machine in our branch office
Statements mailed quarterly

1. See our Rate Schedule for interest information.

2.Other financial institutions may charge ATM fees when you use your Hyperion Bank debit card at their ATMs. Hyperion Bank charges a 1% fee on all international debit card transactions.

3. Fees may reduce earnings.

Consumer Savings Accounts

Account Options

Savings & Money Market

Features & Benefits for Both Accounts

Free Statement Savings

Additional Features & Benefits

Consumer Money Market

Additional Features & Benefits

Compare Accounts

Interested in higher interest?

CDs & IRAs

Certificates of Deposit (CDs)

Features & Benefits

Individual Retirement Accounts (IRAs)

Hyperion Bank helps you save to achieve your retirement dreams

Tax-advantaged Traditional & Roth IRAs

Traditional or Roth IRA? Which is right for you?

Free Children's Savings Account

Features & Benefits