| Health
Savings Accounts |
A Health Savings Account (HSA) is a tax-advantaged savings account available to individuals who are
enrolled in a High Deductible Health Plan (HDHP). HSAs enable you to pay for current health expenses
and save for future medical expenses on a tax free basis.
|
| Regular
Savings |
The regular savings account
is designed for individuals just beginning to save or
who want their money available without penalties.
- No minimum balance and no maintenance fees
- ATM card
HOW TRANSACTIONS ON THIS ACCOUNT ARE LIMITED: You may not make more than six (6) transfers and withdrawals from your account per month by means of a preauthorized or automatic transfer or telephone (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order payable to third parties.
|
| Plan Ahead Savings |
The plan ahead savings account is designed
for individuals who are able to make regular deposits,
have limited withdrawals, and want a better interest rate
than regular savings.
- No minimum balance and no monthly maintenance fees
- Withdrawals are limited to three per calendar year.
If more than three withdrawals are made, there will
be a 2% penalty on the amount withdrawn.
- Must make "regular deposits". Regular
means, weekly, bi-weekly, monthly or yearly
|
| Cool Cash Kid's Club Savings |
|
A savings account that offers special benefits
for children.
- Students K-12 can receive $2 for every B average or better school report card, or $1 for every C average school report card
- No minimum balance and no maintenance fees
- Unlimited withdrawals
|
| Christmas
Club/Vacation Club Savings |
|
An account that allows you to save on a regular basis
for Christmas, a vacation, or anything else conveniently
by payroll deduction, automatically from another account
here, or in-person deposits.
- No minimum balance and no maintenance fees
- Principal and interest is paid in November for
Christmas Club and in May for Vacation Club
|
| Insured
Money Market |
|
For someone who has a little more money and wants a
better rate, but still wants a good amount of liquidity.
- Minimum balance required is $1000
- Limited check writing is allowed
HOW TRANSACTIONS ON THIS ACCOUNT ARE LIMITED: You may not make more than six (6) transfers and withdrawals from your account per month by means of a preauthorized or automatic transfer or telephone (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order payable to third parties.
|
| Indexed
Money Market |
|
For someone who has a larger dollar amount to deposit
and wants a little higher rate than the insured money
market, but still with a good amount of liquidity.
- Minimum balance required to open account is $20,000
- Limited check writing is allowed
HOW TRANSACTIONS ON THIS ACCOUNT ARE LIMITED: You may not make more than six (6) transfers and withdrawals from your account per month by means of a preauthorized or automatic transfer or telephone (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order payable to third parties.
|
| Certificates
of Deposit |
If you do not
need access to your savings right away, and you want a
higher return on your money, you may consider a Certificate
of Deposit. (CD)
- Varied terms - 3 month, 6 month, 12 month, 18 month, 24 month,
30 month, 3 years,
or 4 years
- Most offer choice of automatically renewable or
non-renewable and choice of interest payment - quarterly
or at maturity
- Interest may be added to the CD, paid by check,
or deposited into another State Bank of Arcadia account.
- One time interest bump-up feature available on
the 30 month CD
- Three time interest bump-up feature available on
the 4 year CD
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| Contact
/ More Information |
|
For more information
please contact:
Kay M. Pronschinske, Personal Banker
Kristine A. Kabus, Personal Banker
Deb Thoma, Personal Banker
Renee Schank, Personal Banker
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