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
|
|---|
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
|
Minimum Opening Deposit
| $50
| $100
| $2,500
|
Minimum Balance
| $0.01
| $100
| $2,500
|
Monthly Maintenance Fee
(if below minimum)
| None
| $1
| $7.50
|
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)
|
Interest
| Variable
| Variable
| Variable based on balance
|
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 $50.00.
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