It’s never too early to save for your future.

Prepare for retirement with a tax-advantaged Traditional or Roth IRA and get a jump start on your golden years.

Retirement Accounts

Savoy Bank offers two types of retirement accounts: Traditional and Roth IRAs.

Traditional IRAs offer:

Tax-deductible contributions.
Qualified distributions are taxed at regular income tax rates.
Earnings accumulate tax-deferred.
Contribution limits exist.

Roth IRAs offer:

Non tax-deductible contributions.
Qualified distributions are tax-free.
Earnings accumulate tax-free.
Contribution limits exist.

We encourage all clients to consult their tax advisor to determine which account is best suited for their needs.

Savoy provides me with all the services of a major bank, but delivers them with the personality of a small bank.”

Nicholas Guagliardo Founder + Chief Executive, ESM Group

0.85

% APY ^*

5 Year IRA

$2,000 Minimum Opening Deposit
Tax-advantaged accounts
FDIC insured
Competitive interest rates to help your money grow faster
High touch, personalized banking experience

All Annual Percentage Yields (APYs) are as of 12/8/2020.

* Annual Percentage Yields (APYs) may change after account is open if not a term account. Certificate of Deposits (CDs) Annual Percentage Yields (APYs) are fixed for term of the account.

Success Stories

About us

Big bank options with personalized service

At Savoy, we believe that personal service is a requirement, not an option. In each partnership with our clients, we meet them where they are — offering banking solutions unique to their situation, industry, and business goals.

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High-Yield Accounts

From the fixed-rate safety of a CD to the liquidity of a savings or money market account, we offer flexible options to fit your unique business needs.

Money Market

Enjoy higher interest rates when you invest your money in a Savoy Bank money market account. Your money is FDIC insured so you’ll earn the higher interest rate that you deserve while keeping your funds safe and secure.

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Certificates of Deposit

Your deposits are FDIC insured up to the maximum limit allowed. Your money will work harder for you with tiered interest rates tailored to your business’ needs.

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