PERSONAL SAVINGS

Savings

Savings

Christmas Club

Health Savings Account (HSA)

Certificates of Deposit

Individual Retirement Accounts (IRA)

 

For more information about applicable rates, fees, terms and features, please contact an Account Representative.

Savings

  • No Minimum Opening Deposit Required
  • No Service Charges or Fees
  • Interest Paid Quarterly
  • Rates may change at any time.

Christmas Club

  • No Minimum Opening Deposit Required
  • Must maintain an account balance until interest is credited or accrued interest will be forfeited
  • Rates may change at any time.

HSA

  • $100.00 Minimum Opening Deposit
  • No Monthly or Annual Fees
  • One Time Set-up Fee
  • Interest Paid Quarterly on the Average Daily Balance
  • Free First Order of Custom Duplicate Checks
  • Quarterly Statements

Certificates of Deposit

31 Day to 48 Month Certificates Available

  • $500.00 Minimum Deposit
  • Fixed Interest Rate for term
  • Interest Compounding and Crediting Options
  • Auto-renewal or Non-auto Renewal Options
  • Penalty for early withdrawal

Special Certificates of Deposit

  • Minimum Deposit Required
  • Fixed Interest Rate for term
  • Interest Compounding and Crediting Options
  • Auto-renewal or Non-auto Renewal Options
  • Penalty for early withdrawal

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Individual Retirement Accounts (IRA)

Variable Rate IRA
Traditional IRA
Roth IRA
Coverdell Educational Savings Account (CESA)

IRAs provide a retirement vehicle with tax-deferred earnings.  Anyone with earned income can contribute to an IRA.  Consult a tax professional to determine what plan would best fit your situation and for furhter information regarding tax benefits.

Variable Rate IRA

  • No Minimum Deposit
  • 12 Month Variable Rate
  • Rates May Change at any time
  • Interest Compounds Annually

Traditional IRA

  • $500.00 Minimum Deposit
  • 30 Month Fixed Rate OR
  • Any Certificate of Deposit Term Available
  • Interest Compounds Semi-Annually
  • Penalty for Early Withdrawal
  • Tax Deferred Earnings
  • Deposits May Provide Possible Tax Benefits

Roth IRA

Roth IRAs are similar to Traditional IRAs in several ways. Both let you invest money into a tax-deferred account, and both have the same contribution limit. However, with a Roth IRA, the money you deposit is not tax-deductible. When you make withdrawals from your Roth IRA, you pay no federal income taxes on qualified withdrawals. In other words, your money comes out income tax-free.

  • 500.00 Minimum Deposit
  • 12 Month Variable Rate OR
  • 30 Month Fixed Rate OR
  • Any Certificate of Deposit Term Available
  • Interest Compounds Semi-Annually
  • Penalty for Early Withdrawal
  • Contributions are not tax deductible
  • Tax Deferred Earnings

Coverdell Educational Savings Account (CESA)

The Coverdell Educational Savings Account is a nondeductible account that features tax-free withdrawals for a very specific purpose – a child’s education expenses. Anyone can contribute on behalf of a child under the age of 18. The money grows tax-deferred. However, unlike distributions from a Roth IRA for educational purposes, qualified CESA higher education distributions are both penalty and federal income tax free. Consult your tax or legal professional for further information regarding state or local income tax benefits.

    • No Minimum Deposit
    • Variable Rate
    • Penalty for Withdrawals before Maturity
    • Tax Deferred Earnings
    • Distributions Tax and Penalty Free if used for Qualified Educational Expenses

 

For further information about applicable rates, fees, terms and features, refer to the Rates and Fees page or contact an Account Representative.

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