| Easy Checking | A basic checking account with a low minimum balance | - Unlimited check writing
- Check safekeeping required
- $25 minimum deposit to open an account
- $3 monthly fee if your balance falls below the minimum of $25
- $2 charge for a copy of a check
- Monthly account transcript
|
| Regular Checking | A full-service checking account | - Non-interest bearing
- Monthly statements with check images
- No service charge if the account balance is a minimum of $400 or an average daily balance of $1,000
- If a service charge is assessed, it will be $4 plus tax per month with the first 20 checks free and $.10 for each debit transaction
- No service charge fee assessed to students, individuals on social security or any non-profit organization
|
| NOW Checking | An interest-bearing checking account | - Minimum deposit of $800 to open
- Monthly statements with check images
- No service charge if the account balance is a minimum of $800 or an average daily balance of $1,600
- If a service charge is assessed, it will be $5 plus tax per month with the first 30 checks free and $.10 for each debit transaction
- Interest rate varies according to the account balance. The interest rate and the annual percentage yield may change
|
| Eagles Club Checking | A custom checking account designed for those who are 50 and older | - Interest-bearing account
- No minimum balance and unlimited check writing
- Free personalized club-style checks or a $5 discount on other check styles
- Free money orders
- Free notary service and photocopies
- Monthly statements with check images
- A $3 plus tax monthly service charge
- Accidental Death and Dismemberment Insurance
|
| FSB Advantage Checking | A custom checking account designed for those who are 65 and older | - No minimum balance
- Unlimited check writing
- Free personalized wallet safety paper checks or $5 discount on other check styles
- Monthly statements with check images
- Non-interest bearing account
|
| HiFi | An interest-bearing account with transaction limitations | - Monthly statements with check images
- During any calendar month or statement cycle of at least four weeks, you may not make more than six withdrawals or transfers to another account of yours, to a third party by means of a preauthorized or automatic transfer, telephone order, computer transfer, by check, draft, debit card (if applicable) or similar order to a third party
- Interest will be compounded every month and credited to the account every month
- If there are more than 6 transactions made in one statement cycle, there will be a fee of $2 assessed for each additional transaction
|
| Passbook Savings | An interest-bearing account | - $20 minimum deposit to open account
- Interest will be compounded every quarter and credited to your account every quarter
- Quarterly statements
- During any calendar month or statement cycle of at least four weeks, you may not make more than six withdrawals or transfers to another account of yours, to a third party by means of a preauthorized or automatic transfer, telephone order, computer transfer, by check, draft, debit card (if applicable) or similar order to a third party
|
| Certificates of Deposit | An interest-bearing account. | - Minimum opening balance of $500
- Competitive interest rates
- Flexible terms available from 91 days to 36 months
- Interest can be paid by check or compounded or deposited directly to checking or savings account
- Most are auto-renewable at current posted interest rate
- Penalty for early withdrawal may apply
|
| Traditional IRA | A traditional way to save for retirement. | - Individuals who are under 72 years of age for the entire tax year and have earned compensation may contribute
- Distributions are penalty-free if taken after attaining age 59 ½.
- Distributions are mandatory upon attaining age 72
- Both variable and fixed interest rates are available
|
| Roth IRA | To grow your money without being taxed. | - Participants are generally able to make annual non-deductible contributions, if you don’t exceed income limitations
- Interest is tax free after a five year holding requirement and after you have attained 59 ½ or have become disabled, or for the first-time home purchase (up to $10,000) or to your beneficiary after your death
- May make contributions after age 72 if you have earned income.
- Both variable and fixed rates are available
|
| Education IRA | To save for educational expenses without be taxed for withdrawals. | - Allows participant to put away up to $2,000 per year for higher education expenses
- Earn interest tax-free
- Pay no federal taxes when withdrawing your investment
|
| SEP IRA | A way to save for retirement and you're self-employed. | - A retirement plan established by an employer. A one-person business is considered an employer and may establish a SEP
- Earned income is required to be eligible to deposit
- There are income limits
- Contributions to the SEP are not subject to federal withholding.
- Interest earned on the SEP deposit is sheltered from federal and most state income taxes until withdrawals are made at retirement.
- Distributions are penalty-free and are taken after attaining age 59 ½.
- Mandatory distributions upon attaining age 72
|
| Health Savings Account | An easy way to save and withdraw money for health expenses not covered by insurance. | - Savings account for health expenses
- Have a high-deductible health care plan
- Distributions for qualified medical expenses can be tax exempt
|
