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Simple Savings Account

Do you currently have an account with Newton Federal Bank?

Saving for a rainy day or just building your nest egg? Whatever your savings goals are, our Simple Savings account can help you reach them.

Watch your balance grow with competitive interest.* And just because you're saving, doesn't mean you can't get to your funds when you need them — enjoy up to 6 transfers or withdrawals per month!


  • All-purpose savings account
  • Great account for first-time savers
  • Earns competitive interest, compounded daily and posted monthly
  • No monthly service fee
  • No monthly minimum balance requirements
  • 6 free transfers or withdrawals per month*
  • Free online banking
  • Free mobile banking
  • Free eStatements ($4 for paper statements)
  • $20 minimum deposit to open

Do you currently have an account with Newton Federal Bank?

*No more than 6 transfers and withdrawals, per statement cycle, to another account of the depositor at the same institution or to a third party by means of a preauthorized, automatic, telephone, order of instruction, check, draft, or similar order. If transfer or withdrawal limit is exceeded, customer will receive notification. After 2 to 3 notifications, the Simple Savings account will be closed and converted into a checking account.

Dormant Account Information - Savings accounts are dormant if for two years you have had no communication with us about your account. There is a charge of $5.00 per month once the account is dormant.