Passbook SavingsWe offer a traditional savings account that pays quarterly interest with no minimum balance requirement and no service charges. It is the perfect account for adults and children alike.
Coverdell Education Savings Accounts (CESA)
The future is dependant on future generations to come and the best way to insure a positive start is a solid education.
A Coverdell Education Savings Account is a type of tax-preferred savings and investment account authorized and regulated by the Internal Revenue Service. This account can be used to pay for elementary and secondary education (kindergarten through 12 th grade) expenses incurred in public, private or religious schools, as well as for college, technical school or postgraduate work.
Any person may make a contribution to a Coverdell Education Savings Account to benefit a child, grandchild or friend. What a great way to prepare for those ever-increasing educational expenses.
The benefit to a Coverdell Education Savings account holder is the ability to use this money for qualified educational purposes and not have to pay income tax on the interest paid into the account.
Please contact us for more information on this wonderful opportunity.
Insured Money Market Savings
Would you like to be able to earn money market rates without tying up your cash in a CD or bond? Our insured money market account is for you. With a minimum $5000 you can earn a competitive interest rate without locking in your investment for a required amount of time. With at least a $5000 average daily balance you will receive interest each month. Withdrawals are limited to six per month with a minimum withdrawal amount of $1000. For additional details on this popular account, stop in and see us.
