Business Savings Account & HSA

Fees may reduce earnings

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See Common Fee Schedule for related fees and charges

¹ Subject to $3 printed statement fee if e-statement enrollment cancelled

Certificate of Deposit (CDs)

The safest investment you can make.  Fixed interest rates and insured by the FDIC. Invest your money worry free and watch it grow.  

Benefits

• Fixed interest rates  - Contact us for current rates!
• Multiple terms offered - 12 months, 18 months, 24 months, 36 months

Requirements

• $500 minimum balance
• Penalties may apply if withdrawn early

Fees and charges may reduce earnings

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See Common Fee Schedule for related fees and charges

Employee Health Savings

High Deductible Health Plan (HDHP) with Health Savings Accounts (HSA) for Employees

Employer Benefits

• No payroll taxes paid on contributions deducted via payroll
• Federal income tax deductions for any contributions you make into the employee’s HSA  accounts
• Employee HSA accounts can be easily moved from one HDHP to another
• HDHP premiums are historically lower than other plans
• An employer sponsored HSA goes a long way to help attract and retain employees

Employee Benefits

• Interest Earned!
• Payroll deductions into a HSA are considered pre-tax
• Earnings on contributions are accumulated tax-free
• Withdraw  money tax-free to pay for qualified medical expenses
• You have control over your HSA and you decide how you want to use it
• Debit card access to your HSA account makes it quick and easy to pay medical expenses

We will walk you and your employees through the process of setting up the Health Savings Accounts and help you along the way.  Ask us about setting up Employer sponsored HSAs today!

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See Common Fee Schedule for related fees and charges