CERTIFICATES OF DEPOSIT

About

Certificates of Deposits (CDs) offer a higher, fixed interest rate than most savings accounts. They’re a good option if you don’t need immediate access to your funds and want a guaranteed return. You choose the term, and your money is FDIC insured up to $250,000.

Best fit

You want to earn a high, fixed interest rate and don’t need immediate access to your funds.

Features

  • Better returns than most savings accounts
  • Competitive fixed rates
  • Various terms to choose from
  • Interest compounded daily
  • Interest payments made according to request
  • Penalty for early withdrawal
  • $500 minimum deposit to open
  • FDIC insured

INDIVIDUAL RETIREMENT ACCOUNTS

About

Now is the time to set up an individual retirement plan so you can enjoy a secure financial future. Your deposits can be tax-free or tax-deferred, and there are flexible terms and rates available. Let us create your personalized savings plan today.

Best fit

You want to start saving for retirement.

Features

  • Set aside funds for retirement
  • Interest bearing accounts
  • Various rates and terms to choose from
  • Some age and deposit limits apply
  • Deposits can be tax-free or tax-deferred
  • Flexible packages to meet most needs
  • FDIC insured

HEALTH SAVINGS ACCOUNTS

About

Save for future family medical expenses not covered by your high deductible health insurance with a tax-exempt health savings account. Your interest is tax free, and you can easily access your balance to pay for approved medical expenses.

Best fit

You have a high deductible health insurance plan and want to save for future medical expenses.

Features

  • Save for future medical expenses
  • Earn competitive interest rate
  • Contributions are tax deductible
  • Earnings are tax exempt
  • Use for approved medical expenses
  • Access funds online, via checks, or check card
  • No monthly service charge or minimum balance
  • Transferrable to next job
  • No “use it or lose it” rule
  • Free e-Statements
  • High deductible health plan (HDHP) required*
  • FDIC insured

Details

*To qualify for this account, you must have a high deductible health plan, cannot be enrolled in Medicare, and can’t be claimed as a dependent on a tax return.

Back to Personal Savings Accounts