Free Savings | Money Market | Prime Money Market | Health Savings Account (HSA) | Christmas Club | |
---|---|---|---|---|---|
Minimum balance requirement | No | $1,000 minimum daily balance | $25,000 minimum daily balance | - | No—deposit is made by auto-transfer or direct deposit |
Monthly service charge | No | $5 if minimum daily balance falls below $1,000 | $10 if minimum daily balance falls below $25,000 | - | No monthly service charge; a $5 penalty will be charged if account is closed within 6 months of opening |
Interest bearing | Yes—earns competitive interest on every dollar | Yes—earns tiered interest: $1,000-$9,999.99, $10,000-$24,999.99, $25,000-$49,999.99, $50,000+ | Yes—earns tiered interest: $2,500-$24,999.99, $25,000+ | Yes—earns tiered interest: $1,000-$24,999.99, $25,000-$49,999.99, $50,000+ | Yes—earns interest on balances of $100 or above |
Interest compounded and credited | Monthly | Monthly | Monthly | Monthly | Annually |
Pre-authorized transfers or withdrawals to a third party (e.g., checks, online banking, telephone banking, ACH transactions, POS activity) | Up to 6 from your account per month | Up to 6 from your account per month | Up to 6 from your account per month | - | N/A—annual distribution of account balance is automatically deposited into your Community Bank designated account in October |
Check-writing privileges | - | Up to 3 per statement cycle at no fee; $5 fee for each subsequent check | Up to 3 per statement cycle at no fee; $10 fee for each subsequent check | - | - |
Free online banking | Yes | Yes | Yes | Yes | Yes |
Free mobile banking and mobile deposit | Yes | Yes | Yes | Yes | Yes |
Free eStatements | Yes | Yes | Yes | Yes | - |
This tax-advantaged account enables you to pay for current and future qualified medical expenses. HSAs are exempt from federal income tax and earnings are tax-deferred. Employer or employee contributions are excluded from income.
Earns variable rate of interest, compounded and credited monthly on the following tiers:
- $1,000-$24,999.99
- $25,000-$49,999.99
- $50,000+