Savings for Seniors Aged 62 or Better

A savings account with tiered interest and some special benefits.   

Senior Partner Savings

When you reach a certain point in your life, you should expect certain privileges. That’s exactly what you get with Senior Partner Savings. You can open the account with as little as $50. Your monthly maintenance fee is waived, as long as you maintain the required minimum balance. You earn tiered interest, compounded daily, with the first tier being $0-$4,999. And you also get some nice benefits like a discounted safe deposit box, free notary service, and some benefits that even extend to your children and grandchildren under 18.  

Talk with your local TowneBank banker about opening your Senior Partner Savings. 

minimum opening balance
$50 minimum opening balance
senior savings account balance
Balance required: $5,000 minimum daily balance in Senior Partners checking and/or savings
senior savings fee
$20 monthly maintenance fee if balance requirements are not met
savings account services
Free stop payment services
waived atm fee
Waived TowneBank fee for non-TowneBank ATM withdrawals in the U.S.
interest bearing account
Interest bearing (compounded daily)
  • $0-4,999 

  • $5,000 – 24,999 

  • $25,000 – 49,999 

  • $50,000 – 99,999 

  • $100,000 and over 

Benefits for You & Your Family

  • As a Senior Partner account holder, you could be eligible to be a part of our Senior1 Partner Program which includes the following benefits:   
    • Free notary services 
    • Legacy Benefits Program 
    • Free safe deposit box rental for the first year, 50% discount thereafter with automatic debit when available 
    • $250 credit towards closing costs (mortgages and reverse mortgages) when financing a home mortgage with TowneBank Mortgage* 
    • No TowneBank fee for IRA transfers from other financial institutions
    • CD and IRA statements available upon request 
  • The financial well-being of your family is important to you. The Legacy program extends these benefits to the children and grandchildren of our Senior1Partners: 

    • Towne Classic Checking account with no monthly maintenance fee 
    • Free Online Banking and Bill Pay 
    • Free Mobile Banking** with Mobile Deposit** 
    • ¼% Discount on consumer loan* rates  
    • TowneBank Rewards® Credit Card with no annual fee* 
    • Students2 receive a Towne Classic Checking Account with no monthly maintenance fee
    • Children under 18 receive a savings account with no monthly maintenance fee
    • First order of custom TowneBank checks free
    • Free cashier’s checks
    • Free notary services
    • $50 minimum opening balance  

1Seniors are age 62 or better

2Full-time student with parent’s account at TowneBank

*Your mobile carrier's web access and text messaging charges may apply. Mobile check deposit is subject to eligibility and further review. Deposits are subject to verification and not available for immediate withdrawal. Deposit limits and other restrictions apply.

Normal credit approval criteria apply. Available for those age 62 or better due to federal regulations.

All terms applicable to Online Banking apply to Mobile Banking.

Only deposit products are FDIC insured

NMLS# 512138

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