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- This account is perfect for the customer wanting to set aside money for the future.
- Withdrawals are limited to two per month. A fee of $5.00 is charged for each additional withdrawal in excess of two per month.
- Must maintain $200.00 daily balance to avoid $2.00 statement cycle fee
- This account is designed for the customer looking to earn more
on their savings.
- It offers a tiered-interest schedule that typically pays a higher
rate of interest for higher account balances.
- With limited check writing privileges, this account provides easy account access.
- Transfers from a money market account to another account or to third parties by preauthorized automatic, electronic or telephone transfers are limited to six per statement cycle. No limit on in-person withdrawals at the teller window, ATM’s or to repay your non-overdraft loan at our bank.
A Health Savings Account is a great way for individuals to save for medical expenses. It can be opened by an employer for their employees or by individuals. To be eligible for a Health Savings Account, an individual:
- Must be covered by a High-Deductible Health Plan (HDHP)
- Must not be covered by other health insurance (does not apply to specific injury insurance and accident, disability, dental care, vision care, long-term care)
- Must not be eligible for Medicare
- Cannot be claimed as a dependent on someone else's tax return
- Must seek guidance from their accountant to determine eligibility
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