At State Bank of Long Island, we believe it's never too early to start preparing for the future. Whether it's for college tuition, a new home, or your early retirement plans, our different savings accounts offer benefits that will help you reach both your short and long-term savings goals. Our goal is to understand your needs and work with you to pursue your financial goals. For your safety, all of our CDs and savings accounts are insured by the Federal Deposit Insurance Corporation (FDIC) up to the limits allowed.

Savings Options:

Silver Savings: If you normally maintain a higher savings balances of $2,500 to $100,000, you can earn a premium interest rate with Silver Savings. Click here for more information.

Passbook/Statement Savings: For the traditional saver who wants to plan for tomorrow, State Bank offers a Passbook/Statement Savings account that can be opened with an initial deposit of only $500. Click here for more information.

Money Fund Plus Savings: This competitive savings account pays higher interest rates on collected balances. Click here for more information.

Prosperity Savings: A tiered savings account for individuals offering a variable interest rate that is very competitive for balances of $50,000 or greater. Click here for more information.

Money Vest Personal Savings: State Bank has a new service called Money Vest Personal Savings which is a tiered savings account. Click here for more information.

Certificates of Deposit: Lock-in a guaranteed rate of interest for terms ranging from 7 days to 5 years. With a minimum investment of $2,500, you’ll enjoy higher interest rates and FDIC protection up to the maximum allowed by law. Click here for more information.

MVP Plus and MVP Premier: Combined services packages that include a MVP Checking Account and a MVP Savings Account. Each package offers free bank services, plus additional benefits. Click here for more information.

Other Savings:

Individual Retirement Accounts (IRAs): Saving for your retirement could also reduce your taxes. Click here for more information.

Junior Saver: A great way for individuals under 18 years of age to start saving for college, a new car or some special event. There are no monthly service charges regardless of balance.

To request information on these or any of our consumer products, click here. We also invite you to visit one of our branches and talk to a customer service representative.