IRA/HSA

Accounts

We Can Help You and Your Family Prepare for Your Future

Planning for your retirement and the unforeseen medical expenses that will at some point present themselves is why you need a banking partner that you can not only trust but will go the extra mile to help you fine tune your savings account to match your lifestyle and your needs. Several great options are on the table. Which is best for you?

INDIVIDUAL RETIREMENT ACOUNTS:

Updated on June 6, 2023

Products:

  • Traditional IRA or Roth IRA Available
  • One Year CD IRA:    1.00% - APY: 1.00%
  • Two Year CD IRA:   1.10% - APY: 1.11%
  • Three Year CD IRA:  1.30% - APY: 1.31%

FEES MAY REDUCE EARNINGS

Features:

  • Monthly compounded interest
  • Monthly interest crediting
  •  $500.00 minimum deposit to open CD IRA
  •  $500.00 minimum balance for CD IRA to obtain APY
  •  $50.00 minimum withdrawal
  •  No interest penalties on withdrawals for clients age 59.5 and older
Nest Egg

What is a health savings account?

Health Savings Accounts (HSA) is an account setup to receive pretax funds from your paycheck.  This money then accrues interest as it sits in the account.  The money in this account can only be used for qualified healthcare expenses and your contributions to the account can be deducted on your federal tax return. For people with high deductible healthcare plans, HSA’s can be very beneficial. Get in touch with us today and we can help walk you through the process and coordinate your efforts to start saving on your healthcare expenses.

HEALTH SAVINGS ACOUNTS:

Products:

  • HSA Checking: .50% interest rate APY: .50%

Features:

  • Check writing privileges
  • Monthly compounded interest
  • Monthly interest crediting
  • $100.00 minimum deposit to open
  • $100.00 minimum balance to obtain APY
  • $25.00 minimum ongoing contributions
  • No fees for distributions
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