Savings Accounts & HSAs
Save for a Specific Goal or Medical Costs
Saving money goes a long way toward feeling less stressed about your finances. All of our savings account options offer special benefits to help you save money and be more prepared for future expenses, both planned and unplanned.
Savings Account Comparison Table
|
|
A great solution if… |
Benefits & features |
Fees & limitations |
|---|---|---|---|
|
Money Market Savings Account |
You need a low-cost savings account to save for specific goals or a rainy day. |
Earn interest on all balances: 1.30% APY* on balances up to $89,999; 3.45% APY* on balances over $90,000. |
$10.00 minimum opening deposit
No service charges |
|
Christmas Club Savings |
You want an account to help you save specifically for the holiday season. |
Interest-bearing account: 1.40% APY* on all balances. |
$10.00 minimum opening deposit. |
|
IRA Account |
You need a flexible savings solution to begin building or supplementing your retirement savings. |
Interest-bearing accounts: 3.15% APY* for all balances. |
No fee for contributions or distributions.
$10 minimum opening deposit. |
|
|
A great solution if… |
Benefits & features |
Fees & limitations |
|---|---|---|---|
|
Money Market Savings Account |
You need a low-cost savings account to save for specific goals or a rainy day. |
Earn interest on all balances: 1.30% APY* on balances up to $89,999; 3.45% APY* on balances over $90,000 |
$250 minimum opening deposit
No service charges
Minimum opening deposit for account for individuals age 18 and younger: $10.00 |
|
Christmas Club Savings |
You want an account to help you save specifically for the holiday season. |
Interest-bearing account: 1.30% APY* on all balances |
$10 minimum opening deposit |
|
IRA Account |
You need a flexible savings solution to begin building or supplementing your retirement savings. |
Interest-bearing accounts: 3.15% APY* for all balances |
No fee for contributions or distributions |
|
Savings Account Rates |
||||
|---|---|---|---|---|
| Account Type | Interest Rate | Annual Percentage Yield (APY) | Minimum Deposit to Open Account | Minimum Balance to Obtain APY |
| Money Market Savings | 1.29% | 1.30% | $10.00 | $0.01 |
| Money Market Savings | 3.41% | 3.45% | $10.00 | $90,000.00 |
| Christmas Club Savings | 1.29% | 1.30% | $10.00 | $.01 |
| IRA Account | 3.11% | 3.15% | $10.00 | $.01 |
|
Savings Account Rates |
||||
|---|---|---|---|---|
| Account Type | Interest Rate | Annual Percentage Yield (APY) | Minimum Deposit to Open Account | Minimum Balance to Obtain APY |
| Money Market Savings | 1.29% | 1.30% | $250.00* | $0.01 |
| Money Market Savings | 3.41% | 3.45% | $250.00* | $90,000.00 |
| Christmas Club Savings | 1.29% | 1.30% | $10.00 | $.01 |
| IRA Account | 3.11% | 3.15% | $10.00 | $.01 |
*A minimum deposit to open a Money Market Savings account for individuals age 18 years or younger is $10.00
Rates may change after the account is opened. Fees may reduce earnings.
Health Savings Accounts (HSAs)
A health savings account, or HSA, is a special kind of savings account designed to help you put away money specifically for medical expenses. If you have a high-deductible health plan, you are required to pay out-of-pocket for health care up to your deductible, which can be thousands of dollars. That’s where a health savings account comes in.
The funds in your HSA can be used to pay for qualifying medical expenses for you, your spouse or your dependents. This helps you bridge the gap to your insurance deductible.
Features of our HSAs include:
- $100 minimum deposit to open
- No monthly service charges
- Free first order of personalized checks, which you use to pay for medical costs
- Earn interest on every dollar in your account
- Free unlimited check writing
|
Interest Rate |
Annual Percentage Yield (APY) |
Minimum Balance to Obtain APY |
|---|---|---|
|
0.30% |
0.30% |
$0.01 |
|
0.40% |
0.40% |
$1,000 |
|
0.85% |
0.85% |
$2,500 |
The rates listed above are effective as of Monday, Apr 29, 2024, and may change without notice.Rates may change after account is opened; fees may reduce earnings
*APY - Annual Percentage Yield