Personal Banking

Savings Accounts

Regular Savings

• Minimum Balance - The minimum balance required to open this account is $0.01.
• Interest - Interest will be compounded daily and credited to your account quarterly.
• Service Charge - Three withdrawals in three months free, with $1.00 per service charge being made for each withdrawal in excess of the minimum number. Telephone transfers count as a withdrawal.

Money Market Savings Account

• Minimum Balance - The minimum balance required to open this account is $2,500.00. You must maintain a minimum daily balance of $0.01 in your account each day to obtain the disclosed annual percentage yield.
• Interest - Interest will be compounded daily and credited to your account quarterly .
• Service Charge - Three withdrawals in three months free, with $1.00 per service charge being made for each withdrawal in excess of the minimum number. Telephone transfers count as a withdrawal.

Health Savings Account

Health savings accounts are designed to help individuals save for future qualified medical and retiree health expenses on a tax-free basis. HSAs are used in conjunction with a “High
Deductible Health Plan” (HDHP). Contributions to HSA can be made by the employer or the individual, or both - with caps on self-only and family coverage.

Who Is Eligible?

• Any individual that:
  • Is covered by an HDHP
  • Is not covered by other health insurance
  • Is not enrolled in Medicare
  • Can’t be claimed as a dependent on someone else’s tax return
• Children cannot establish their own HSAs
• Spouses can establish their own HSAs, if eligible
• No income limits on who may contribute to an HSA
• No requirement of having earned income to contribute to an HSA

Click here for more information on HSAs »