Regular Savings Account

Save easily with interest earned on every dollar. Open with $200 — and waive the monthly fee.

Details:

• Competitive interest earned on entire balance
• Avoid the $4 quarterly service charge by maintaining a minimum daily balance of $200
• 6 free withdrawals per quarter; $3 fee per withdrawal thereafter
• Withdrawals must be made within the bank; no checks provided
• Free digital banking:
  • Free online banking
  • Free mobile banking
• $200 minimum deposit to open

Money Market Account

Earn savings rates while keeping funds close — all in a day’s work for our money market.

Details:

• Competitive interest earned on entire balance
  • Must maintain $2,500 daily balance to earn interest
  • Tiered-rate model; higher balances earn higher rates
• Avoid $10 monthly service charge by maintaining a minimum average balance of $2,500
• Enjoy flexibility with enhanced access to funds, including direct check writing:
  • Unlimited in-person withdrawals or by mail
  • 6 free transactions per month by pre-authorized automatic, telephone, checks, drafts, or other similar order; $10 per transaction thereafter
• Free digital banking:
  • Free online banking
  • Free mobile banking
• $2,500 minimum deposit to open

Star Account

We’ll help you securely build your wealth. Earn our highest rate, starting with a $25,000 deposit.

Details:

• High-interest account ideal for large balances
• Rates higher than savings and money market accounts*
• Avoid the $10 monthly service charge by maintaining a minimum average balance of $25,000
• 6 free withdrawals per month; $10 fee per withdrawal thereafter
• Free digital banking:
  • Free online banking
  • Free mobile banking
• $25,000 minimum deposit to open

Certificates of Deposit (CDs)

A $1,000 deposit and a little bit of patience pay off with fixed rates earned over a set term.

Details:

• Fixed rates, higher than regular savings
• Receive higher rates by selecting a longer term
• Provides more guarantee than risky investments
• Set aside for future savings goals
• A wide range of terms available (from 3 months to 4 years)
• No setup or maintenance fees
• Early withdrawals subject to penalty*
• $1,000 minimum deposit to open

Individual Retirement Accounts (IRAs)

The money it takes to retire doesn’t come overnight. Start saving now — while earning interest.

Details:

Competitive interest above standard savings rates
Traditional and Roth IRA options
No setup fees
No monthly or annual maintenance fees
$5,500 contribution limit per year
Additional $1,000 “catch-up” contribution allowed for ages 50+
Funds can be used to purchase CDs within IRA
$500 minimum deposit to open

*Consult a tax advisor.

Traditional vs. Roth

There are advantages to both traditional and Roth IRAs. One of the biggest differences is the time at which you see the most advantage. A traditional IRA provides potential tax relief today, while a Roth IRA has the potential for the most tax benefit at time of retirement.

Traditional IRA

No income limits to open
No minimum contribution requirement
Contributions are tax deductible on state and federal income tax*
Earnings are tax deferred until withdrawal (when usually in lower tax bracket)
Withdrawals can begin at age 59 ½
Early withdrawals subject to penalty**
Mandatory withdrawals at age 70 ½

Roth IRA

Income limits to be eligible to open Roth IRA***
Contributions are NOT tax deductible
Earnings are 100% tax free at withdrawal*
Principal contributions can be withdrawn without penalty*
Withdrawals on interest can begin at age 59 ½
Early withdrawals on interest subject to penalty**
No mandatory distribution age
No age limit on making contributions as long as you have earned income

*Subject to some minimal conditions. Consult a tax advisor.

**Certain exceptions apply, such as healthcare, purchasing first home, etc.

***Consult a tax advisor.