Personal Savings & Money Market Accounts
I Want to Compare All Savings Accounts
Money Market Account
Start today, and see where the right account can take you. Earn competitive interest rates while maintaining maximum liquidity.
Personal Savings Account
A PlainsCapital Personal Savings Account is a great way to put money away toward a savings goal while maintaining easy access to your funds.
Youth Savings Program
For kids under 18, this Personal Savings Account program has no minimum balances or fees, and savers receive a free piggy bank and an annual $5 birthday deposit.
Health Savings Account
Here’s to financial health. Save for qualified medical expenses with a Health Savings Account from PlainsCapital Bank.
Coverdell Education Savings Accounts
Save for your child’s education with a CESA. You can enjoy tax-free earnings and tax-free withdrawals for educational expenses.
Money
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Personal
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Youth
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Health Savings Account |
Coverdell
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Best If You Want... |
Tiered interest rates that reward higher balances |
A simple account with a low initial deposit |
A starter account for kids under 18 that rewards them for saving6 |
An account that can help you save tax-free1 for medical expenses |
A tax-exempt savings plan for educational expenses |
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Account Access |
Teller, ATM, check card, or check withdrawals |
Teller and ATM withdrawals |
Teller and ATM withdrawals |
Teller, ATM, debit card, or check withdrawals |
Teller and ATM withdrawals |
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Transaction Limits at No Charge |
Six pre-authorized withdrawals and/or transfers per month at no charge2 |
Six withdrawals and/or transfers per quarter at no charge3 |
Six withdrawals and/or transfers per quarter at no charge3 |
Transactions must be for qualified medical expenses |
Transactions are tax exempt if used for qualified educational expenses |
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Minimum Opening Deposit |
$2,500 |
$100 |
$1 |
$100 |
$100 |
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Minimum Daily Balance to Avoid Fees |
$2,500 |
$100 |
None |
None |
None |
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Fee If Minimum is Not Met |
$10 per month |
$5 per quarter |
None |
$3 monthly administration fee regardless of balance |
None |
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Deposits |
Unlimited deposits |
Unlimited deposits |
Unlimited deposits |
Unlimited deposits |
Up to $2,000 annually |
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Special Features |
Checks and a check card |
A low opening deposit makes it easy to get started |
PlainsCapital will make a $5 deposit on your child's birthday – every year – until they turn 18 |
Provides tax advantages when money is used for qualified medical expenses4 |
Provides tax advantages when money is used for qualified education expenses4 |
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Free Bill Pay |
No |
No |
No |
No |
No |
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Free Online Banking |
Yes |
Yes |
Yes |
Yes |
Yes |
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Mobile Banking |
Yes |
Yes |
Yes |
Yes |
Yes |
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Debit Card |
Yes |
Yes |
Available for parent or guardian over age 18 |
Yes5 |
No |
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Voice Banking |
Yes |
Yes |
Yes |
Yes |
Yes |
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Check Images with Statements |
Yes |
N/A |
N/A |
Yes |
N/A |
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Free Box of Checks |
First box of standard bank checks |
N/A |
N/A |
One box of HSA-branded checks per year |
N/A |
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Direct Deposit |
Yes |
Yes |
Yes |
Yes |
Yes |
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Online Statements |
Yes |
Yes |
Yes |
Yes |
Yes |
1If HSA money is used for anything other than a qualified medical expense, the money used is taxable and will also be penalized an additional 10 percent.
2Under federal regulations, six pre-authorized withdrawals and/or transfers are allowed per monthly statement cycle. This includes transfers to another account at PlainsCapital or to a third party by means of preauthorized or automatic transfer, telephone transfer, order or instruction, or by check, draft, debit card, or similar order payable to third parties. Withdrawals and transfers made at an ATM or in person at a branch are not subject to the federal limit.
3Six withdrawals and/or transfers are allowed per quarter. Thereafter, a charge of $3 per transaction will apply. Federal regulations limit the number of transactions you can make on certain saving products to six per month. However, withdrawals and transfers made at an ATM and withdrawals made in person at a branch are not subject to the federal limit.
4Consult your tax adviser.
5HSA Check Card transactions will not be authorized in restaurants, bars, hotels, or gambling venues. Cash withdrawals can be completed at any PlainsCapital Bank location.
6Once the account owner turns 18, the account will be converted to a Personal Savings Account.