Target Savings Account
Individual Savings Account
At Prima, Individual Savings Account is for all those that have specific savings goal in mind or who just want to start setting money aside. This account offers interest on your funds regardless of the goal.
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Savings Account
Prima Target savings account is an interest-bearing deposit account held. Though these accounts typically pay a modest interest rate, their safety and reliability make them a great option for parking cash you want available for short-term needs.
Do you have a particular goal in mind? E.g. Save for your children’s university education, buy a new piece of land, start a business, etc. Talk to one of our financial advisors to help you start a saving plan with a personalized Target Savings Account.
Holding a savings account at Prima as your primary checking account can offer several convenience and efficiency benefits. Since transfers between accounts at Prima are usually instantaneous, deposits or withdrawals to your savings account from your checking account will take effect right away. This makes it easy to transfer excess cash from your checking account and have it immediately earn interest—or transfer money the other way if you need to cover a large checking transaction.
Joint Savings Account
A joint savings account at Prima is an account shared by two or more individuals. A savings account can be a good way to help you manage your savings and a joint savings account can also help to potentially streamline your financial planning with another person. But you should carefully consider who you’d like to open an account with, because you’ll both have equal access to the money.
Everyone on the account has the same access to the joint savings account. In other words, any account holder can withdraw from the joint account without the other person’s permission.
A joint savings account can be helpful for those who want to manage shared finances or work toward shared financial goals with a person they trust.
A joint savings account also allows for greater transparency because both deposits and expenses withdrawn from that account can be viewed by all account holders. And it’s important to note that anyone listed on the account has equal access to the funds in it.