Be Prepared for Milestone Life Events

Be Prepared for Milestone Life Events

Life comes at you fast. Make sure you’re financially prepared to experience its sweetest moments.
January 12, 2022

Be Prepared for Milestone Life Events

Be Prepared for Milestone Life Events

Life comes at you fast. Make sure you’re financially prepared to experience its sweetest moments.
January 12, 2022

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Milestone events make for some of the most memorable moments in our lives. Whether it’s a significant birthday or anniversary, a marriage, a graduation, or a retirement, milestone events bring joy to individuals and their loved ones. However, important milestones like graduating college or retiring comfortably can carry a hefty price tag.

While the costs behind major milestones are on the rise, they’re still attainable with the proper preparation. From kids to seniors, and everyone in between, we offer the financial solutions to help make your dreams a reality, whatever your next milestone may be.

Checking and savings solutions

The best way to be financially prepared for the future is to start saving early. That’s why we offer Junior Savers1 and Student Checking accounts for our younger customers looking to get a head start on their finances.

Our Junior Savers account and the Junior Savers Club®2 introduce kids to the principles of money and instill healthy savings habits. Junior Savers accounts can work in tandem with the financial milestones of adolescence, such as getting a first job and saving up for items such as a phone or car. There’s no minimum deposit required to open a Junior Savers account, and those under the age of 22 do not have minimum daily balance requirements or monthly service charges3. Plus, account holders have access to free events, activities, sweepstakes, and giveaways year-round.

With our Student Checking accounts, students between the ages of 13 and 25 have the ability to manage their money from anywhere. For these accounts, there’s no minimum opening deposit, no minimum daily balance requirements, and no monthly service charges. Other perks of our Student Checking accounts include five out-of-network ATM fee refunds for each statement cycle4, mobile check depositing, and access to Zelle®5 to send money with friends, family, and others you trust.

Of course, our checking and savings solutions don’t end there. Wintrust offers a variety of accounts that work for every wealth level and stage of life. Our most popular accounts are our Total Access Checking and Statement Savings6 accounts一two tried-and-true solutions for preparing for every milestone that lies ahead.

Total Access Checking is the right account for any stage of your financial journey. The account has a required minimum opening deposit of $100, but there aren’t any monthly service fees. Plus, account holders get free ATM access nationwide7, customizable debit card8 controls, remote deposit services9, E-statements, Zelle® access, and more.

Our Statement Savings account provides the perfect savings platform to meet the needs of any life event. Statement Savings accounts have variable interest rates, with interest paid monthly. There’s no minimum deposit required to open a Statement Savings account, but there’s a minimum daily balance requirement of $200. Statement Savings account holders enjoy many of the same perks that come with our other savings accounts, including complementary debit cards (with a linked checking account) and seamless mobile banking features, among others.

Aside from Total Access Checking, we have multiple checking account options designed to suit the various individual needs of our customers. In addition to Statement Savings, we have Money Market accounts and Certificates of Deposit (CD)一two ideal saving options for growing your wealth over time.

Credit building solutions

When it comes to financing major milestones, utilizing credit can be a solid solution. This approach only works when your credit is strong, which is precisely where we come in. Our teams specialize in credit building and repair to get you where you want to be when you need to be there.

For those looking to build their credit, our credit cards10 are designed to help you do so, regardless of your starting point. Our online account access makes credit building a breeze, providing an easy way to make payments, transfer balances, view statements, and request credit limit increases.

Our carefully designed lending solutions are a better way to borrow with options including fixed-rate and varying size and payoff length. Even if you believe the amount you have in mind is too small, or don’t want to take on a lengthy payment schedule, one of our services may fit your need.

Mortgage solutions

Buying a home is one of life’s biggest milestones, but it can also be one of the most expensive. With the help of our mortgage program aspiring homeowners are supplied with the support they need to move into their forever home. We are here to assist you with purchasing a home, refinancing a home, investing in properties, accessing Veterans Administration loans, finding affordable housing, and much more.

Planning for the future

No matter your age or net worth, you can feel confident in planning for the future thanks to our wealth management programs. Our financial experts partner with you to plan for retirement, manage investments, insure your family, and anything else your goals entail.

Thanks to our unique company structure, we are able to offer MaxSafe accounts—one-of-a-kind accounts that offer unparalleled protection. While the maximum amount of FDIC coverage is typically $250,000, our MaxSafe program provides coverage up to $3.75 million for individuals or entities. With our MaxSafe program, we offer fixed-rate CDs, Money Market accounts, and IRA accounts. The MaxSafe program simplifies the tax process, too—requiring just one 1099 tax form per account.

Wherever you are in your financial journey, take comfort in the fact that your bank is here to provide the tools and guidance you need to succeed. Your milestones are important to us, and our solutions will ensure that you’re prepared for each and every one, at any point in your life.

1. Junior Savers Account. At account opening, child(ren) must be accompanied by a parent or guardian and present a valid Social Security number(s). 2. Junior Savers Club. Membership is for those under the age of 22 with a customer relationship. See a personal banker for more details. 3. Fees. A maintenance fee of $5.00 will be imposed every calendar month if the balance in the account falls below $200.00 any day of the calendar month once the Junior Saver has reached the age of 22. Transaction limitations will apply. Fees may reduce earnings. 4. Student Checking ATM Fees. There is no Wintrust Financial Corporation (‘WTFC’) transaction charge at any ATM in the Allpoint, ATM Access (Town Bank N.A. customers only), MoneyPass, or Sum surcharge-free networks. Other banks outside the network may impose ATM surcharges at their machines. Up to five (5) surcharge fees assessed by owners of other ATMs outside the network will be reimbursed per statement cycle. Reimbursement does not include the 1.10% International Service fee charged for certain foreign transactions conducted outside the continental United States. 5. Zelle®. Zelle® is intended for sending money to family, friends and people you know. U.S. checking or savings account required to use Zelle®. Transactions between enrolled consumers typically occur in minutes. Dollar and frequency limits apply. Zelle® and the Zelle® related marks are wholly owned by Early Warning Services, LLC and are used herein under license. 6. Statement Savings Account. A maintenance fee of $5.00 will be imposed every month if the daily balance on any day of the month falls below $200.00. Fees may reduce earnings. We may change the interest rate on your account at any time. Transaction limitations may apply. 7. Total Access Checking ATM Fees. There is no WTFC transaction charge at any ATM in the Allpoint, ATM Access (Town Bank N.A. customers only), MoneyPass, or Sum surcharge-free networks. Other banks outside the network may impose ATM surcharges at their machines. Surcharge fees assessed by owners of other ATMs outside the network will be reimbursed. Reimbursement does not include the 1.10% International Service fee charged for certain foreign transactions conducted outside the continental United States. 8. Debit Card. Overdraft fees may apply. 9. Account Benefits. Online banking is required to access mobile banking and remote deposit capture. Internet/mobile connectivity is required. Deposits made through mobile banking or remote deposit capture are subject to deposit limits and funds are typically available by next business day. Deposit limits may change at any time. Third-party message and data rates may apply. Other restrictions apply. For more information go to: www.wintrust.com/agreement-and-disclosure. 10. Credit Card. Credit cards are issued by First National Bank of Omaha (FNBO®). A listing of WTFC locations can be found here: www.wintrust.com/locations.

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