Accounts & Services

SAVINGS ACCOUNTS

 

Passbook Savings

Passbook Savings offers semi-annual statements and pays a variable interest rate on a daily balance. There is a minimum opening balance and limited withdrawals.

Stop in or call with any questions you have about our Savings Account. We will be happy to explain the minimum balance requirement and limited withdrawals.

Money Market Account

The Money Market Account offers a monthly statement and pays a variable investment rate on a daily balance. There is a minimum opening deposit and limited withdrawals with this account.

Stop in or call to inquire about our Money Market Account. We will be happy to answer any of your questions.

HSA Account

A Health Savings Account (HSA) is a tax-exempt trust or custodial account established exclusively for the purpose of paying or reimbursing qualified medical expenses of you, your spouse, and your dependents. A HSA is established by you in much the same way that you establish an IRA.

ELIGIBILITY: You are eligible to make an HSA contribution if you:

•Are covered under a high-deductible health plan

•Are not also covered by any other health plan

•Are not enrolled in Medicare

•Cannot be claimed as a dependent on another person's tax return

Please contact the Bank for assistance with any Health Savings Account related questions.

Consult with your tax or legal professional for guidance.

 

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