Personal Solutions: Savings

Savings Calculator

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Savings Accounts

Statement Savings

Insured Money Fund (IMF) Savings

Elite Money Market

Coverdell Education Savings Account

Health Savings Account

Statement Savings

Statement Savings accounts have no minimum balance requirement to open. A $50 balance must be maintained to obtain interest.

No minimum balance required to open.
A $50 balance must be maintained to obtain interest.
ATM card accessible.
Interest is compounded every month and credited to your account.

For a complete list of features see the Comparison Chart and Disclosure.

Insured Money Fund

Insured Money Fund accounts pay interest with no minimum balance requirement to open. The interest rate is higher than Statement Savings if an average balance of $2500 is maintained.

No minimum balance required to open.
A $2500 balance must be maintained to obtain interest.
ATM Card accessible
Higher interest rate than Statement Savings if average balance of $2500 is maintained

For a complete list of features see the Comparison Chart and Disclosure.

Elite Money Market

Elite Money Market accounts may earn a higher rate of interest than the IMF and Statement Savings, plus allows limited check access.

No minimum deposit required to open.
A $2500 balance needed to obtain interest
Limited check writing capabilities
Interest is compounded every month and credited to your account

For a complete list of features see the Comparison Chart and Disclosure.

Coverdell Education Savings Account

Tax-free earnings and distributions.
Maximum annual contribution of up to $2000 per child.
Contributions allowed until beneficiary reaches 18 years of age.
All funds must be used for education expenses by the time beneficiary reaches 30 years of age.
Non-deductible, after-tax contributions.

More Information >

Health Savings Account

Can be used in combination with a high-deductible health plan ($1150 individual, $2300 family)
Contributions are tax-deductible
Payouts for qualified medical expenses are tax-free
Can "roll-over" year-to-year to create a sizable retirement nest egg

More Information and Disclosure