Accounts Built to Build Your Savings
At Ergo Bank, we offer a range of savings solutions designed to help you achieve your financial goals with ease and flexibility. Whether you're looking to start building your savings with our Go Savings Account or seeking higher interest rates with the Go Money Market Account, we have the right option for you. Explore the features and benefits of each account to find the perfect fit for your financial needs.
Go Savings Account
The Go Savings Account at Ergo Bank is designed to help you grow your savings with ease and flexibility. With a low minimum opening balance and the ability to make deposits at any time, this account is perfect for those looking to build their savings steadily over time.
Features & Benefits
- $100 Minimum Opening Balance Required: Start your savings journey with just $100.
- Flexible Deposits: Make deposits at any time, for any amount.
- Convenient Access: Enjoy easy access to Ergo ITMs.
- Unlimited Over-the-Counter Withdrawals: Withdraw your money whenever you need it without any restrictions.
Go Money Market Account
The Go Money Market Account at Ergo Bank offers a higher interest rate on your savings with the added convenience of easy access and combined statements. It utilizes tiered interest rates, so the more you save, the better your rate. This account is ideal for those looking to maximize their savings while maintaining flexibility.
Features & Benefits
- $1,000 Minimum Opening Balance Required: Open your account with a minimum of $1,000.
- Convenient Access: Access your funds easily through Ergo ITMs.
- Combined Statements: Receive convenient, combined statements for easy tracking.
- Interest on Tiered Balances: Earn interest on your savings with tiered balance rates.
Go Savings - Truth in Savings Disclosure
Updated: June 26, 2025
HOW WE DETERMINE THE INTEREST RATE:
The interest rate on your account is 0.050% with an annual percentage yield of 0.05%.
Your interest rate and the annual percentage yield may change.
At our discretion, we may change the interest rate on your account.
We may change the interest rate on your account at any time.
HOW WE COMPOUND AND CREDIT YOUR INTEREST:
Interest will be compounded daily.
Interest will be credited to your account quarterly.
YOUR MINIMUM DEPOSIT, TIME AND BALANCE REQUIREMENTS:
To open this account, you must deposit at least $100.00.
HOW WE COMPUTE THE BALANCE TO DETERMINE YOUR INTEREST:
We use the daily balance method to calculate the interest on your account. The daily balance method applies a daily periodic rate to the principal in the account each day.
ACCRUAL OF INTEREST ON DEPOSITS OTHER THAN CASH:
Interest begins to accrue on the business day you deposit noncash items (for example, checks).
STATEMENT FREQUENCY:
The statement period is monthly.
Go Money Market - Truth in Savings Disclosure
Updated: June 26, 2025
HOW WE DETERMINE THE INTEREST RATE:
The interest rate and annual percentage yield are shown below.
Your interest rate and the annual percentage yield may change.
At our discretion, we may change the interest rate on your account.
We may change the interest rate on your account at any time.
TIERED RATE ACCOUNTS - TIERING METHOD A:
- If your daily balance is $5,000.00 or less, the interest rate paid on the entire balance in your account will be 0.500% with an annual percentage yield of 0.50%.
- If your daily balance is more than $5,000.00 but less than $25,000.01, the interest rate paid on the entire balance in your account will be 1.100% with an annual percentage yield of 1.11%.
- If your daily balance is more than $25,000.00 but less than $50,000.01, the interest rate paid on the entire balance in your account will be 1.200% with an annual percentage yield of 1.21%.
- If your daily balance is more than $50,000.00 but less than $100,000.01, the interest rate paid on the entire balance in your account will be 1.400% with an annual percentage yield of 1.41%.
- If your daily balance is more than $100,000.00 but less than $250,000.01, the interest rate paid on the entire balance in your account will be 1.595% with an annual percentage yield of 1.575%.
- If your daily balance is more than $250,000.00 but less than $500,000.01, the interest rate paid on the entire balance in your account will be 2.220% with an annual percentage yield of 2.22%.
HOW WE COMPOUND AND CREDIT YOUR INTEREST:
Interest will be compounded monthly.
Interest will be credited to your account monthly.
YOUR MINIMUM DEPOSIT, TIME AND BALANCE REQUIREMENTS:
To open this account, you must deposit at least $1,000.00.
HOW WE COMPUTE THE BALANCE TO DETERMINE YOUR INTEREST:
We use the daily balance method to calculate the interest on your account. The daily balance method applies a daily periodic rate to the principal in the account each day.
ACCRUAL OF INTEREST ON DEPOSITS OTHER THAN CASH:
Interest begins to accrue on the business day you deposit noncash items (for example, checks).
STATEMENT FREQUENCY:
The statement period is monthly.