Because Generosity Matters – The Benefactor Account

The spotlight on the need for financial literacy is brighter than ever! That is why INSBANK has established the INSBANK Financial Literacy Fund to support programs across the nation that focus on financial literacy. Helping our nation’s youth make sound financial decisions now ensures that their future will grow brighter & stronger. Open an account with INSBANK and become a Benefactor today!

How It Works

The INSBANK Benefactor Account gives you the same convenience & flexibility as a money market account. That means competitive interest rates and a dedicated team of Private Client Advocates ready to answer any question you may have. When you open an INSBANK Benefactor Account, you also further the advancement of financial literacy across the nation. Your participation ensures that future generations succeed professionally.

With an INSBANK Benefactor Account, no money comes out of your pocket to make this donation. We, INSBANK, make a contribution on your behalf based on the average balance held in all Benefactor accounts!

Why It Works

Recent statistics show that many Americans are falling behind due to an alarming lack of financial literacy. The reason this is a problem is self-evident. If one lacks a basic level of financial expertise, then there is no way they can make healthy financial choices that set them up for a successful future.

According to a study done by the National Endowment for Financial Education, only 24% of Millenials demonstrate basic financial literacy. If we want to increase these numbers for the next generation, we need to provide resources for them earlier.

When you open an INSBANK Benefactor account, you supply schools and other organizations with the resources they need to combat the growing threat of financial literacy. The solution to this problem starts with public awareness. Now that you are aware. What are you going to do?

Benefactor Account Rates

Terms** Annual Percentage Yield (APY)* Interest Rate***
<$50,000 0.30% 0.30% Apply
$50,000 - $249,999.99 0.45% 0.45% Apply
$250,000 and above 0.65% 0.65% Apply

*Annual Percentage Yield accurate as of 11-29-2021. **Minimum deposit to open certificate of deposit is $10,000. ***Rates are subject to change at any time without notice.
Fees may reduce earnings on the account.