CERTIFICATES OF DEPOSIT
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
- $5.00 Paper Statement fee, waived if opting to receive eStatements
- 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.
