Personal Banking

 

 

Savings Accounts

Regular Savings

  • A traditional form of savings where interest is compounded daily and paid quarterly
  • No monthly charge
  • Minimum deposit to open account $100
  • Fee of $5.00 for each withdrawal over 6 in statement cycle
  • A fee of $4.95 will be assessed when balance falls below $100 in statement cycle
  • The statement cycles are quarterly ending on the last business days of March, June, September and December
  • The government's Federal Regulation D prohibits more than six withdrawals or transfers per month
  • Repeated excessive withdrawals and transfers may require us to terminate your account

Money Market Personal

  • Competitive tiered money market rates
  • Minimum balance of $1,500 to earn interest
  • No monthly service charges
  • The government's Federal Regulation D prohibits more than six withdrawals per month. In-person withdrawals are unlimited.  A service charge of $5.00 will be assessed for each violation of this limit. Repeated excessive transfers may require us to terminate your account.
  • A fee of $4.95 will be assessed when balance falls below $1,500 in statement cycle

Individual Retirement Account (IRA)

  • An ideal way to save tax deferred funds.
  • We offer
    • Traditional IRAs
    • Roth IRAs
    • Education IRAs
  • Fixed and Variable Rate Options available
  • Minimum deposit to open $1,000
  • See IRA Brochures for detailed information

Health Savings Accounts


A Health Savings Account (HSA) is an alternative to traditional health insurance. The HSA was designed to help individuals/families defer the out of pocket expenses when they are covered by a High Deductible Health Plan (HDHP). HDHP is defined as having a higher deductible and out of pocket expenses. Out of pocket expenses include co-payments and other amounts, but do not include premiums. When you have reached the deductible, your health plan will pay for the majority of health care for that year.

Eligibility (as set by the Internal Revenue Service)

  • Must have a high deductible health plan on the first day of the month
  • Have no other health coverage
  • Not enrolled in Medicare
  • Cannot be claimed as a dependent on someone else's tax return

Benefits

  • Tax Benefits – Contributions as well as distribution are tax free as long as the funds are used for qualified medical expenses.
  • Unused HSA balances will roll over each calendar year and accumulate for future medical expenses.

Learn more »

 

Certificates of Deposit

  • Various terms are available from 7 days to 5 years
  • Interest rates set weekly
  • Automatic renewal convenience
  • Minimum deposit to open $1,000
For current rate information and Annual Percentage Yield on any accounts, please call 1-800-738-2265 or (225) 265-2265. See "Service and Fees" for additional charges which may apply to checking and savings accounts.
 
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