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SAVINGS

Savings

Savings Accounts at Anderson State Bank help to ensure a secure future for you and your family. When you regularly save even a small amount, you create a “nest egg” that can grow to thousands of dollars over the years. All of our savings accounts receive free 24 hour access on line.

Savings Accounts

 ACCOUNT TYPE

PASSBOOK SAVINGS ACCOUNT

HEALTH SAVINGS ACCOUNT

MONEY MARKET DRAFT ACCOUNT

CHRISTMAS SAVINGS ACCOUNT

Account Description

An account for everyday savings

Tax-preferred treatment of savings for medical expenses for those covered by a high-deductible health plan

Earns bonus interest rates according to your balance

A savings program for holiday giving

Minimum Opening Deposit

$50

$100

$2,500

$5

Minimum Balance

$50

$100

$2,500

$5, $10 or $20

Monthly Maintenance Fee
(if below minimum)

$1

$1

$7.50

None

Withdrawals

Unlimited in person;
restrictions may apply to other withdrawals

Unlimited in person;
restrictions may apply to other withdrawals

6 per month
(no more than 3 by check

Unlimited in person;
restrictions may apply to other withdrawals

Interest

Variable

Variable

Variable based on balance

Variable

PASSBOOK SAVINGS

  • A Passbook Savings Account is designed for anyone who wants convenient access to their money.
  • This Account is an interest bearing account.
  • Minimum to open this account is $100.00
  • You will incur a $0.50 transaction fee if you have 10 or more withdrawals during a calendar month.

CDs – CERTIFICATES OF DEPOSIT

If you want a safe place to invest your money with a guaranteed high interest rate, a CD at Anderson State Bank is the answer. You can select the length of time until maturity from 91 days to 5 years. Each depositor's funds are FDIC insured up to $250,000.

  • 03 Month Certificate
  • 06 Month Certificate
  • 12 Month Certificate
  • 18 Month Certificate
  • 24 Month Certificate
  • 30 Month Certificate
  • 48 Month Certificate
  • 60 Month Certificate

IRA – INDIVIDUAL RETIREMENT ACCOUNT

Saving is all about setting goals, something we have all done since we were children. Saving on a regular basis, even if it’s a small amount, will help pay for a child’s college education or fund your retirement. We want to help you achieve all of your financial goals, both during and after your working years. Ask us about a Traditional IRA.

HSA – HEALTH SAVINGS ACCOUNT 

Save specifically for medical expenses with a Health Savings Account (HSA). Combined with a high-deductible health plan, an HSA allows you to pay for qualifying medical expenses using a check or debit card.

MONEY MARKET

  • This Account is an interest bearing account.
  • Minimum to open this account is $2,500.00.
  • Money Market Account earns interest according to your balance; the larger the balance, the higher the interest earned.
  • You have immediate access to your funds and limited check writing privileges provide versatility.
  • You will incur a $7.50 monthly service fee if the daily balance falls below $2,500.00 at any time during the monthly statement cycle.

FEDERAL DEPOSIT INSURANCE

Use the Electronic Deposit Insurance Estimator (EDIE) to learn about your insurance coverage

Use EDIE Now