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Personal Savings Comparison

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Savings Account

Student Savings

Choice Money Market

Christmas Club

Health Savings Account

Description:

Economical, easy to get started, and adaptable to a wide range of goals.A great way for our younger clients to save and learn about handling moneyA great choice for larger balances with the advantages of optional check writing and debit card access*Enables you to set aside money systematically all year long, then get a nice lump-sum payment for Christmas expensesA tax free, personal investment account used for qualified medical expenses (contact your tax advisor for eligibility requirements)
Minimum To Open:$25$0$25$0$0

Minimum Balance:

$100None until age 19$2,500$0$0

Monthly Service Charge:

None if $100 minimum daily balance is maintained; $6 per month if balance falls below $100None until age 19None if $2,500 minimum daily balance is maintained; $10 per month if balance falls below $2,500NoneNone

Interest Rate & Annual Percentage Yield (APY):

VariableVariableVariableVariableVariable

Compounding:

QuarterlyQuarterlyQuarterlyMonthlyAnnually

Interest Payment Tiers:

NoNo

Yes; higher balances earn higher rates

NoNo

Deposits:

No limitsNo limitsNo limitsNo limits. Automatic deposits are usually set up for the same amount and same period (weekly, monthly, or every payday)Annual contribution limits apply pursuant to IRS regulations

Withdrawals:*

6 free per month, then $3 per excess withdrawal*6 free per month*6 free per monthly statement cycle, then $3 each for any additional withdrawals*Withdrawals not permitted except for annual pre-holiday disbursementWithdrawals permitted for qualifying medical expenses
Statements:**QuarterlyQuarterlyMonthlyAnnuallyQuarterly

Additional Benefits:

Can be used for overdraft protection for a checking accountCan be used for overdraft protection for a checking accountCan be used for overdraft protection.  Access by debit card and by check are available; limits applyAn easy, automatic, systematic way to save for the holidaysPotential tax savings; see your tax advisor for details

*Transaction limitations apply  **Free eStatements available.  Combined statement option (multiple accounts included on a single statement) available.