Personal Savings Accounts

Whether you’re opening your first savings account, or just looking for a better place than your mattress (or current bank) to keep your money, we have the right savings products and services to meet your needs.

Building a smart financial future starts with a Burke & Herbert Bank savings account

Low minimum deposit to open
Automatic savings plan helps make saving easier
Convenient Digital Banking access to track your savings progress

Make Saving Easy with an Automatic Savings Plan

An easy way to save money is to select an amount to save each pay period and set up payroll direct deposit into a savings account. Or simply establish a recurring transfer from your checking account to your savings account in Digital Banking. Once you set up your automatic savings plan, there’s nothing you need to do except watch your savings grow. Talk to us if you need help getting started.

Choose the Savings Account That’s Right For You

Statement Savings

OUr convenient and straightforward savings account

Save money while earning interest.

Low minimum opening deposit of $25
Maintain a low daily collected balance of just $25 per month to avoid a $5 monthly fee
$25 daily collected balance required to earn interest
Unlimited deposits
Fee free transactions at any Burke & Herbert Bank ATM
Unlimited online, telephone, and automatic transfers
Check savings balances and make transfers anytime, anyplace with Burke & Herbert Bank Digital Banking

Our Statement Savings account is perfect for young savers under 18: Enjoy no minimum balance requirements, no monthly fees, plus you’ll earn interest on your entire balance.

Elite Savings

Discover the perfect pair with our Elite Accounts.

This exclusive combo features a free, easy-to-use checking account alongside a high-yield savings account, designed to make your money work twice as hard.

Elite Checking account with the same primary ownership is required to qualify for benefits
Minimum to open: $50.00 ($25.00 for Elite Checking and $25.00 for Elite Savings)
$25.00 daily collected balance and eStatement enrollment required to earn qualifying interest rate
No monthly maintenance fee
Unlimited online, telephone, and automatic transfers
Check savings balances and make transfers anytime, anyplace with Burke & Herbert Bank Digital Banking
Fee free transactions at any Burke & Herbert Bank ATM

Special Savings

Boost your savings effortlessly with our Special Savings

Designed to help set aside funds for expenses that are more than your usual expenses. Save faster by automatically transferring funds from a checking or savings account to this special savings for distribution at a later date.

Ways to contribute:
- Scheduled transfers (Payroll or auto-debit from your checking account) You must set up pre-determined dates and amounts for auto-debit transfers.
- manual transfers
- self-service transfers through Burke & Herbert Bank Digital Banking.
Choose from two (2) cycle dates for payment distribution: May 15th or October 15th
Minimum to open: $1
No monthly maintenance fee & no minimum balance requirement
Single variable rate interest-earning savings account
$12.50 early withdrawal fee for each withdrawal prior to payment distribution date
Check savings balances with Burke & Herbert Bank Digital Banking

Already a Customer?

Open an Account

Branch
Visit one of our local branches near you.

You may also be interested in:

Money Market

Certificates of Deposit

Wealth Management