Certificates of Deposit
- No minimum opening investment for 6 month CDs and longer ($5,000 minimum investment for 3 month CD)
- Investment maturity options of 3, 6, 9, 12, 18, 24, 30, 36, 48, and 60 months.
- Interest on CDs with a term of less than 12 months will be compounded at maturity.
- Fixed rate of interest earned during CD term.
- CDs are automatically renewable and subject to a penalty for early withdrawal.
IRA Savings
- No minimum investment.
- Rates are variable and may change after the account is opened.
- Interest compounded and credited monthly.
- Unlike CD IRA's, you may add to principal, up to the annual limit, at any time.
Health Savings Account (HSA)
A Health Savings Account allows individuals to pay for current health expenses and save for future qualified medical and retiree health costs on a tax free basis. To qualify for a Health Saving s Account (HAS), an individual must be covered by a Higher Deductible Health Plan (HDHP), must not be covered by other health insurance, is not eligible for Medicare and can not be claimed as a dependent on someone else's tax return.
|