Last Updated: 04/18/2025
Old Second O2 Money Builder Savings Account
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.02% - 0.05%(Verified 06/21/2024)
Minimum Opening Deposit
Starting at $1,000
Minimum Balance to Earn APY
$1,000
Old Second O2 Money Builder Savings Account Review
Old Second O2 Money Builder Savings Account is offered by Old Second National Bank, a bank founded in 1871 and based in Aurora, IL. Old Second Savings Account are available in 50 states and Washington, DC.
Key Takeaways
- Low interest rate. The maximum annual percentage yield for this account is only 0.05%.
- $0 monthly account fees available. This account charges a monthly fee of up to $15, but the fee may be waived if you keep a minimum balance of$1,000.
- $1,000 minimum opening deposit. This is a typical minimum initial deposit.
- No ATM fees. Old Second O2 Money Builder Savings Account does not charge fees on ATM transactions .
Old Second Savings Account Pros & Cons
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Old Second Savings Account FAQ
Are savings accounts from old second bank federally insured?
Yes, your Old Second National Bank savings accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
Does Old Second National Bank offer a signup bonus?
Old Second Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for Old Second Savings Account?
The minimum deposit to open a Old Second Savings Account is $1,000.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | Starting at $1,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $1,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $1,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Old Second O2 Money Builder Savings Account offer?
Old Second Savings Account offers a variable APY starting at 0.02% and ranging up to 0.05% (APY stands for annual percentage yield, rates may change).
What fees does Old Second Savings Account charge?
Old Second Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.
However, you can waive the monthly fees if you have a minimum daily balance of $1,000.
What features and perks does Old Second Savings Account offer?
This savings account includes the following features:
- Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - Old Second Savings Account allows you to manage your money online or with a mobile app.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
Can you set up a direct deposit to Old Second Savings Account?
Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.
What is the customer support email for Old Second Savings Account?
The customer support email for Old Second Savings Account is SupportCenter@oldsecond.com.
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Hours of Operation
Sunday
Closed
Monday
8:00AM - 5:00PM
Tuesday
8:00AM - 5:00PM
Wednesday
8:00AM - 5:00PM
Thursday
8:00AM - 5:00PM
Friday
8:00AM - 5:00PM
Saturday
8:00AM - 1:00PM