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So Many Ways to Save
CD, IRA, HSA — that’s a lot of letters, but what does it all mean?
Because everyone’s financial situation is different, Community State Bank offers a variety of ways to save. Feel free to browse on your own, but if you want help, contact us. We’d love to work together!
Comparing Savings Accounts
| Simple Savings Accounts | Simple Money Market Account | Certificate of Deposit (CD) | Individual Retirement Account (IRA) | Health Savings Account (HSA) | Christmas Savings Account | |
|---|---|---|---|---|---|---|
| Minimum Opening Balance | $0 | $2,500 | $500 | Varies | $25 | $5 |
| Minimum Balance (Daily Average) | $200 | $2,500 | 500 | Varies | None | $5 |
| Maintenance Fee | None* | None* | None* | Varies | None | None* |
| Interest Bearing | Yes | Yes | Yes | Yes | No | Yes |
| Number of Free Withdrawals / Debits | 4 per month** | Unlimited** | None | None | Unlimited | None |
| Online Banking | Available | Available | No | No | No | No |
| Learn More | Simple Savings Accounts | Simple Money Market Account | Certificate of Deposit (CD) | Individual Retirement Account (IRA) | Health Savings Account (HSA) | Christmas Savings Accounts |
* Maintain the minimum balance to avoid monthly maintenance fees.
** Federal regulations limit this account to 6 authorized phone or internet transfers per month.