Essential Checking
A minimum of $25 is required to open the account. A monthly service charge of only $5 for an account with a minimum daily balance of less than $250; no monthly service charge for minimum daily account balance of $250 or more, OR $1,000 or more in direct deposits within the statement cycle, OR account owner is 24-years-old or less, OR account owner is 62-years-old or greater.
Interest Checking
A minimum of $500 is required to open the account. Interest is earned f the minimum daily balance is $500 or more. A monthly service charge of only $10 for an account with a minimum daily balance of less than $500; no monthly service charge for minimum daily account balance of $500 or more, OR $1,000 or more in direct deposits within the statement cycle and 20 card transactions processed during the statement cycle, OR account owner is 62-years-old or greater.
Savings Account
A minimum of $25 is required to open the account. Interest is earned if the minimum daily balance is $25 or more.
Money Market Account
A minimum of $2,500 is required to open the account. Interest is tiered at $2,500; $10,000; $25,000; $50,000; and $100,000.
Certificate of Deposit
Various length of terms are available.
For current rates and Annual Percentage Yields (APY), please contact us.
All depositors are insured for up to $250,000 by the Federal Deposit Insurance Corporation (FDIC).
Retirement Accounts
It is never too early to start saving for retirement or education.
Traditional IRA
Still the favorite choice for retirement planning or rollovers! A Traditional IRA allows you to contribute a maximum of $6,500 per year. Contributions are generally tax deductible* and earnings are tax deferred* (Catch-Up contributions may be made by those who are at least age 50 by the end of the year). Consult a tax adviser regarding the deductibility of interest.
Roth IRA
A Roth IRA allows you to contribute based on your modified adjusted gross income. Contributions are not tax deductible*; distributions from a Roth IRA are not taxable* if they are made more than five (5) years after the end of the first year a contribution was made, if one of the following conditions are met.
- after you are 59 1/2
- because you are disabled
- to a beneficiary or your estate after your death
- to buy, build or rebuild a first home
For current rates and Annual Percentage Yields (APY), please contact us.
*First Security Bank Beaver does not provide tax, legal or accounting advice. The information here is for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal, and accounting adviser before engaging in any transaction.
All depositors are insured for up to $250,000 by the Federal Deposit Insurance Corporation (FDIC).