Savings & CDs

No matter what your financial goals, we have the right savings plan for you.  

Welcome Savings1 most popular  

  • No minimum balance to open account or earn interest5  
  • Keep a $250 daily minimum balance to avoid $5.00 monthly maintenance fee
  • Tiered, variable interest rate based on daily account balance

COMPARE   Open Account 

Starter Savings1aged 17 and under  

  • For customers aged 17 or under
  • No minimum balance; no monthly fee
  • Tiered, variable interest rates based on daily account balance


True Advantage Statement Savings1 relationship banking  

  • Premium savings account for customers who maintain their banking relationship with us5  
  • This account requires a linked True Advantage Checking or True Advantage Checking Plus Account
  • Variable interest rates based on balance tiers

COMPARE  Open Account 

Club Account1 for holiday shopping  

  • Save for the holidays or for that dream vacation by putting extra money aside weekly
  • Club account pay s a variable interest rate, subject to change daily
  • No minimum balance requirement and no monthly fee


Health Savings Account* medical savings  


Certificates of Deposit2 longer term savings

  • We offer a wide range of CD terms at competitive rates
  • True Advantage customers qualify for an extra.0.25% APY4 on select CD terms
  • $1,000 minimum to open CD

COMPARE  Open Account 

Individual Retirement Accounts2 retirement savings  

  • Retirement savings plan for anyone with income from employment - for themselves and their non-employed spouses
  • Save for retirement and shelter current interest from taxes
  • A variety of CD terms available for both Roth and Traditional IRAs
  • Under certain circumstances, contributions are tax deductible (see your tax advisor for details)


1 Banking regulations governing savings accounts specify that transfers into another account, or to a third-party by pre-authorized automatic or telephone request are limited to (6) per monthly statement cycle. In-person transactions at a branch or by ATM are unlimited. Interest compounded daily.

2There are penalties for early withdrawal from a CD or an IRA. Interest is compounded daily.

3 Fees may apply at ATMs not owned by Tompkins Mahopac Bank

4 APY = Annual Percentage Yield

5$25 minimum deposit required to open your account online

* Because certain restrictions apply, please seek competent tax advice.