Investing for the long or short-term, we have the savings plan to meet your investment needs. We have many competitive rate CDs with flexible terms and regular savings accounts all customized to help your family meet savings goals.
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Our Money Market account offers a tiered rate structure. An average daily balance of $2500 is required to obtain the annual percentage yield. There are no service charges for this account.
TO TOPTRADITIONAL IRA
An IRA is a great way to save for retirement. The taxes on earnings are deferred until you begin to take the money out at retirement age. Your contributions may be tax deductible. Consult your tax professional.
TO TOPROTH IRA
A Roth IRA allows for nondeductible contributions with tax-free withdrawals for certain distribution reasons after a five-year waiting period. Any earnings you withdraw for a qualified distribution reason are subject to no federal income tax or penalty. Qualified distributions include withdrawals after reaching age 59˝, a first-time home purchase (up to $10,000), permanent disability or death. You can get your principal back income tax free and penalty free for any reason.
TO TOPCOVERDELL EDUCATION SAVINGS ACCOUNT
Save for your child's education. This nondeductible account offers tax-free withdrawals provided the money is used for qualified educational expenses such as tuition, fees, books, supplies and equipment.
TO TOPHEALTH SAVINGS ACCOUNT (HSA)
A health savings account is a tax-exempt individual account established for the purpose of paying or reimbursing qualified medical expenses incurred by you, your spouse and your dependents. An HSA allows you to make fully deductible contributions, earnings are tax-deferred, and distributions for qualified medical expenses are tax free. Consult your tax professional for more information. You may pay health insurance deductibles and co-payments and certain over-the-counter medications and out-of-pocket expenses. Your HSA balance may be rolled over from year to year, allowing you to build your savings. Stop in today to see if you qualify for this exciting health savings plan.
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