Bank Accounts for Saving Money

Savings Account

• Account earns a competitive interest rate
• Minimum balance to open is $100 and the entire balance earns interest
• A monthly fee of $3 will be charged only if the balance falls below $100 any day during the month
• Customers 21 years of age and younger: only $1 required for opening deposit, no minimum balance fee applies and the entire balance earns interest
• 6 FREE withdrawals per month in person or by mail (other limitations apply - see branch for details)
• Each withdrawal in excess of 6 will result in a $3 fee
• Contact a customer service representative for more details.

Money Market Account

• Earn a premium rate of interest
• Minimum balance to open is $100 (30 day grace period to get balance up to avoid service charge)
• If the balance falls below $2,500 any day of the month, a $10 fee will be assessed
• Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per monthly statement cycle.
• An excess withdrawal fee of $5 will be charged for each debit transaction (withdrawal, check paid, automatic transfer, or payment out of this account) in excess of six during a statement cycle (with no more than 3 by check).
• Contact a customer service representative for more details.

Health Savings Account (HSA)

• An interest bearing account to save for medical expenses
• Tax-Exempt custodial account exclusively for paying or reimbursing qualified medical expenses
• Must be eligible and covered by a high-deductible health plan. Consult your tax advisor.
• Maximum annual contributions apply and are set by the Internal Revenue Service
• Contributions to an HSA may be tax deductible. Consult your tax advisor.
• Minimum $40 deposit or direct deposit required to open account
  
• Contact a customer service representative for more details.

Santa Savings Account

• Deposits can be made as often as you like though the first Friday in November each year
• In early November of the year the account is open, you will receive a direct deposit to your checking account for the balance of the account plus interest
  
• Contact a customer service representative for more details or click here for an application.