Build a strong financial foundation with our range of flexible savings solutions designed to help you achieve your short and long-term goals.
| Feature | FlexSaver Account | Premium Savings | High-Yield CD |
|---|---|---|---|
| Annual Percentage Yield (APY) | 2.5% | 3.2% | 4.0% |
| Minimum Opening Deposit | $0 | $5,000 | $1,000 |
| Monthly Maintenance Fee | $0 | $15 (waived with $5,000 balance) | $0 |
| Withdrawal Limitations | None | 6 per month | Early withdrawal penalty |
| Online & Mobile Banking | ✓ | ✓ | ✓ |
| Automatic Savings Options | ✓ | ✓ | ✗ |
| Complimentary Financial Review | ✗ | ✓ | ✓ |
| Interest Compounding | Daily | Daily | Daily |
| Interest Payout | Monthly | Monthly | At maturity |
*Annual Percentage Yields (APYs) are accurate as of August 30, 2025. Rates may change after account opening. Fees could reduce earnings.
Aim to save 3-6 months of living expenses in an easily accessible account like our FlexSaver. This provides financial security during unexpected events like medical emergencies or job loss.
Set up automatic transfers from your checking account to your savings account on payday. This "pay yourself first" approach ensures consistent saving before you have a chance to spend.
Create a CD ladder by opening CDs with staggered maturity dates. This provides regular access to funds while still earning higher interest rates typically offered by longer-term CDs.
Our financial advisors can help you choose the right savings product for your goals and create a personalized savings plan.
Schedule a Free ConsultationOpening a savings account with BlueRock is simple. You can start the process online by filling out our application form, call our customer service at +1 (800) 555-0123, or visit one of our branch locations. You'll need to provide identification documents (such as a driver's license or passport), your Social Security number, and an initial deposit (if applicable to the account type you're opening).
Yes, all BlueRock savings accounts and certificates of deposit (CDs) are FDIC insured up to $250,000 per depositor, per ownership category. This means your money is protected by the full faith and credit of the United States government up to the insurance limit.
Early withdrawals from CDs are subject to penalties, which typically equal a portion of the interest earned. For our standard 12-month CD, the early withdrawal penalty is 90 days of interest. For longer-term CDs, the penalty increases accordingly. We recommend CDs for funds you won't need immediate access to during the term. If you anticipate needing access to your money, our FlexSaver or Premium Savings accounts might be more suitable options.
Interest on all BlueRock savings accounts compounds daily, which means you earn interest on both your principal and previously earned interest each day. Interest is typically credited to your account monthly. This daily compounding helps your savings grow faster compared to accounts that compound less frequently.
Yes, you can open multiple savings accounts with BlueRock. Many clients find it helpful to have separate accounts for different savings goals, such as an emergency fund, vacation savings, or a down payment for a home. Each account can be named according to its purpose, making it easier to track progress toward specific goals. There's no limit to the number of accounts you can open, and managing multiple accounts is simple through our online banking platform.