Certificate of Deposit (CD's) 
 
  • Competitive rates subject to change weekly
  • Terms available from 7 days to 5 years
  • Higher rates paid for combined CD totals of $10,000, $25,000 & $50,000
  • Penalty imposed for early withdrawal
  • Click here for current rates
  •  
     
    Individual Retirement Account (IRA's) 
     
    A personal tax-sheltered retirement plan for all wage earners 

  • Contributions may be made annually or monthly
  • Traditional, Roth, SEP, and Simple  IRA's available
  • Other qualified plans also available
  • See us for complete details
  • Contributions may be limited
  • Earn interest either tax deferred or tax free
  •  
    The maximum annual contribution amount for account holders under the age of 50 to a Traditional and/or Roth IRA: 
     
    Tax Year Amount 
    2013 $5500 
    2014 $5500 
     
    The maximum annual contribution amount for account holders age 50 and over to a traditional and/or Roth IRA: 
     
    Tax Year Amount 
    2013 $6500  
    2014 $6500 
     
     
    Health Savings Account (HSA's) 
     
    A HSA is a tax-exempt trust or custodial account established exclusively for the purpose of paying qualified medical expenses of the account beneficiary who is covered under a high-deductible health plan.  
     
    A HSA works like a regular checking account and you can use a check or debit card to pay for qualified medical expenses. The funds in the account continue to grow tax free, year after year. ( There are limits as to how much money you can put into an HSA.)  

  • Competitive interest rates
  • Free debit card
  • Check writing (first box free)
  • Monthly statements
  • Local service
  • Exceptional customer support
  • Year end report for tax purposes
  • $36.00 Annual Fee (fee is waived if you have Advantage Banking)
  •  
    Health Savings Account Limits 
     
    High Deductible Health Plans: 
     
    Single Coverage  
    2013 Minimum annual deductible                                 $1,250.00 
    2013 Maximum annual out of pocket expenses         $6,250.00 
    2013 Maximum contributions                                         $3,250.00        
     
    2014 Minimum annual deductible                                 $1,250.00 
    2014 Maximum annual out of pocket expenses         $6,350.00 
    2014 Maximum contributions                                         $3,300.00                   
     
    Family Coverage 
    2013 Minimum annual deductible                                 $2,500.00 
    2013 Maximum annual out of pocket expenses         $12,500.00 
    2013 Maximum contributions                                         $6,450.00            
     
    2014 Minimum annual deductible                                 $2,500.00 
    2014 Maximum annual out of pocket expenses         $12,700.00 
    2014 Maximum contributions                                         $6,550.00  
     
    HSA Catch-Up Contributions     
    2013  Age 55 and older                                                    $1,000.00 
    2014  Age 55 and older                                                    $1,000.00 
     
    Click here for our current rates 
     
    Additional Helpful Links: 
    FDIC Website 
    IRS Website 
     
     
     
     
     
    FDIC
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