Saving is an important cornerstone of a strong budget and financial plan. Islamic Development Bank offers several savings account options to help you with managing short-term and long-term goals.
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eSavings |
iStrive Savings Account |
Statement Savings Account |
Money Market Account |
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Minimum to Open |
$0 |
$0 |
$0 |
$0 |
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Monthly Maintenance Fee |
$0 |
$0 |
$0 |
$5 monthly maintenance fee if the average monthly balance falls below $1,000 |
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Interest |
Earn interest on your account balances paid quarterly or monthly if through a portfolio statement on the following tiers:
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Earn interest on your account balances paid quarterly or monthly if through a portfolio statement on the following tiers:
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Interest paid on balances $25 or more Interest is paid quarterly or monthly if the account is set up with a portfolio statement |
Earn interest on account balances over $1,000 in the following tiers:
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Account Management |
$10 Excessive Activity Fee for transfers and withdrawals that exceed monthly limits.1 |
$10 Excessive Activity Fee for transfers and withdrawals that exceed monthly limits.1
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$10 Excessive Activity Fee for transfers and withdrawals that exceed monthly limits.1
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$10 Excessive Activity Fee for transfers and withdrawals that exceed monthly limits.1
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Features |
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No fee to transfer funds to your iStrive Savings Account using the Autolink Transfer Service |
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Ability to write checks |
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Additional Banking Service Benefits |
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Statement Options |
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1Federal Banking regulations place limitations on certain transfers and withdrawals from savings and money market accounts. Withdrawals or transfers made by automatic, pre-authorized, telephonic agreement order, or instruction, check, draft, debit card, or similar order made from this account to other accounts or to third parties are restricted to no more than six per monitoring period. The monitoring period for all savings accounts except those tied to checking accounts with portfolio statements is monthly up to the quarterly statement date. Money market accounts and savings accounts with portfolio statement are monitored by statement cycle.
