Personal Savings

SAVINGS ACCOUNT

This account has a minimum balance of $5.00 to earn interest, $100.00 to avoid a service fee.  If the balance drops below $100.00 at any time during the statement cycle, a $1.00 fee is imposed.  Six withdrawals per month are allowed with no fee (three by check and three electronic), $0.50 fee per withdrawal is imposed after three (either electronic or by check) per statement cycle.  Interest is compounded daily and credited monthly.

IRA Account

No Administrative fee, interest compounded daily added to account monthly.  (Please request an interest sheet for current rates).

Health Savings Account

If you have a High Deductible Health Plan you are eligible to open a Health Savings Account.  This account is like our regular savings however, contributions and earnings are TAX FREE!!

Yearly Contributions to the Health Savings Account as well as IRA’s are limited so ask your tax advisor before opening any account with tax consequences.