At Severn Savings Bank, when you choose one of our full range of savings options you're entrusting a bank that has been consistently rated one of the top two small thrifts in America. But when you choose Severn Savings, world-class excellence doesn't come at the expense of your own community. When you deposit your money with us, you are entrusting it to a bank whose headquarters, leadership and employees are all in Anne Arundel County. Our investments and commitments are in your neighbors' homes and businesses, in a healthy bay, and in a wide array of local charities and institutions.
Our savings accounts are available with a passbook or monthly statement and require only a $20 average monthly balance to avoid monthly fees. Minimum average monthly balance of $200 to earn interest. Interest on these accounts is compounded daily and credited at the end of each month.
Other features include: