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- This account is perfect for the customer wanting to set aside money for the future.
- Federal regulations limit the number of certain transactions on savings deposit accounts. Transfers from a savings account to another account or to third parties by preauthorized automatic, electronic or telephone transfers are limited to six per statement cycle with no more than three by check or draft, and no more than three by electronic banking, preauthorized transfers, telephone or similar order to third parties. There is no limit on in-person withdrawals at the teller window, ATM's or to repay your non-overdraft loan at our bank.
- 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.
- Federal regulations limit the number of certain transactions on money market deposit accounts. 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 with no more than three by check or draft, and no more than three by electronic banking, preauthorized transfers, telephone or similar order to third parties. There is 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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