Nothing eats into savings faster than a monthly fee you did not expect. If you are looking at Park National Bank, the good news is that its savings accounts have clear, modest balance rules, and you can avoid the fees entirely if you know the numbers.
So what is the Park National Bank savings account minimum balance, and how do you keep your account fee-free? Here are the exact 2026 figures straight from the bank, plus what to weigh before you open.
Key Facts at a Glance
| Account | Min. to Open | Monthly Fee | Fee Waived When | Earns Interest When |
|---|---|---|---|---|
| VIP Savings | $100 | $5 or $0 | Avg. available balance $300+ (or owner age 20 and under) | Daily balance $300+ |
| VIP All-Access Savings | $100 | $10 or $0 | Avg. available balance $2,500+ | Daily balance $2,500+ |
| VIP All-Access Money Market | $100 | Tiered | Balance-based | Balance $2,500+ |
Figures reflect Park National Bank disclosures as of July 2026. Terms apply and rates vary.
The Park National Bank Savings Account Minimum Balance
Park National Bank, an Ohio-based bank and member FDIC, keeps its opening deposits low. Both of its main personal savings accounts require just $100 to open.
The more important number is the balance you keep after opening, because that is what decides whether you pay a monthly service charge and whether you earn interest.
For the VIP Savings account, you need an average available balance of $300 or more during the statement cycle to waive the $5 monthly charge. You also need a daily balance of $300 or more to earn interest.
The first statement cycle skips the fee automatically so you have time to fund the account. After that, the balance rule kicks in.
VIP Savings vs. VIP All-Access Savings
Park National Bank offers two tiers of personal savings, and the difference comes down to balance and fees. Picking the right one depends on how much you plan to keep in the account.
| Feature | VIP Savings | VIP All-Access Savings |
|---|---|---|
| Minimum to open | $100 | $100 |
| Monthly service charge | $5 or $0 | $10 or $0 |
| Balance to waive fee | $300 average | $2,500 average |
| Balance to earn interest | $300 daily | $2,500 daily |
| Age-based fee waiver | Yes, age 20 and under | No |
| Transfers | Unlimited | Unlimited |
The VIP Savings is the everyday starter account. Its low $300 threshold makes it friendly for anyone building a first cushion, and owners age 20 and under skip the fee no matter their balance.
The VIP All-Access Savings rewards larger balances with tiered interest rates and a personal banker, but the higher $2,500 bar means a small balance would trigger the $10 monthly charge. If you cannot reliably hold $2,500, the VIP Savings usually costs less.
In short, keep at least $300 in a VIP Savings or at least $2,500 in a VIP All-Access Savings to avoid the monthly fee.
A Note on Interest Rates
Here is an honest gap. Park National Bank does not publish its current savings APY on its public account pages. Instead, it points customers to a separate Deposit Rate Sheet and account disclosures.
That is common for community banks, but it means you should not assume the rate is competitive with online banks. Ask a banker for the current Deposit Rate Sheet, or call 888-474-7275 before you open, so you know exactly what your balance will earn.
Because the rate is not listed, treat Park National as a relationship bank first and a rate leader second. If earning the highest possible yield is your top goal, compare the quoted rate against national options before deciding.
How It Compares to Online Options
Park National Bank's strength is local service, branches, and a personal banker. That matters if you value in-person help and want checking and savings under one roof.
If you care more about avoiding minimums and fees, app-based accounts take a different approach. Chime offers a savings account with no monthly fee and no minimum balance requirement, and Current also provides fee-light savings and checking with early direct deposit, so either one lets you skip the balance math that Park National's fee waivers require.
Chime
Chime
- Fee-free banking plus early pay access (up to 2 days early with direct deposit)¹ - Overdraft up to $200 without fees for eligible members¹ - 5% cash back on category of choice (with qualifying direct deposit)¹ - 3.75% APY on your savings¹
Standout feature
No credit check, no interest, no annual fee, and no minimum deposit required.
Fees
$0
Pros
Fee-Free Banking and Get paid up to 2 days early
Cons
App/online-only support, no branches
Those accounts let you start with any amount and skip the balance math entirely. The tradeoff is that you give up the branch network and the dedicated banker Park National provides.
Many savers split the difference: a local account for cash they access in person and an online account like Chime or Current for money they want to grow with no minimum. The right mix depends on how you actually bank.
Next Steps
Start by choosing the account that matches the balance you can realistically keep. If that is under $2,500, the VIP Savings and its $300 threshold will usually cost you the least.
Fund the account with at least the $100 opening deposit, then set a personal rule to stay above your fee-waiver balance. Enroll in paperless statements and online banking to manage everything easily.
Before you sign up, request the current Deposit Rate Sheet so you know the real interest rate. And if you want a no-minimum option alongside it, consider a fee-light account from Chime or Current for money you want to grow without balance rules, since neither charges the monthly fee a small Park National balance can trigger.
Current Banking
Current Banking
Current is a mobile-first banking app with no monthly fee and no minimum balance. Members can earn up to 4.00% APY with a qualifying direct deposit of $200, receive direct-deposit paychecks up to 2 days early, and overdraft up to $200 fee-free.
Standout feature
4.00% APY on Savings Pods (with a $200+ qualifying direct deposit) plus paycheck up to 2 days early — both included on the standard account for free
Fees
Free
Pros
$0 monthly fee; up to 4.00% APY on Savings Pods with qualifying direct deposit; paycheck up to 2 days early;
Cons
No physical branches
Frequently Asked Questions
What is the minimum balance for a Park National Bank savings account?
Both main personal savings accounts require just $100 to open. To avoid the monthly fee, you need an average available balance of $300 in the VIP Savings or $2,500 in the VIP All-Access Savings. Those same thresholds also determine when you earn interest.
How do I avoid the monthly service charge at Park National Bank?
Keep your average available balance at or above the account's threshold during each statement cycle. That is $300 for the VIP Savings and $2,500 for the VIP All-Access Savings. VIP Savings owners age 20 and under have the fee waived regardless of balance, and the first cycle is always fee-free.
Does Park National Bank pay interest on savings?
Yes, but only above the minimums. The VIP Savings earns interest on daily balances of $300 or more, and the VIP All-Access Savings earns interest on balances of $2,500 or more. Park National does not publish the current APY online, so ask for the Deposit Rate Sheet before opening.
Is Park National Bank FDIC insured?
Yes. Park National Bank is a member of the FDIC, so deposits are insured up to $250,000 per depositor, per ownership category. That is the standard federal coverage, which makes an insured savings account lower risk than an uninsured place to keep cash.
