- Rates
Current Savings and Investment Account Interest Rates.
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A basic savings account with a small minimum balance requirement that earns you interest. The perfect account to build your rainy day fund with easy access.
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The Money Market Account is an attractive interest bearing savings account with tiered rates of interest and limited check writing privileges.
A six tiered interest structure is in place for this savings account with a minimum balance of $2,500.00. Regulations require that transfers from a Money Market Savings account to another account or to third parties by pre-authorized, automatic, or telephone transfers are limited to six per statement cycle with no more than three by check, draft, or similar order to third parties.
If these limitations are exceeded we may refuse any request for withdrawal. You will receive a warning notification the first time limitations are exceeded. Upon further violation of this limit we will change your Money Market Savings Account to a Regular Savings Account.
This account is not accessible by ATM or Debit Card.
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Certificate of Deposits are a type of savings account with a fixed term and generally a minimum of a $500.00 initial deposit. The interest rate is set at the time the account is opened and remains the same throughout the term. There may be a substantial penalty for early withdrawal.
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A certificate of deposit with a variable interest rate based on the 2 year U.S. Treasury Note. This CD also allows deposits, a quarterly withdrawal option, and four interest rate tiers.
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Houghton State Bank is pleased to offer a variable rate on an IRA savings account at a competitive rate of interest for all your retirement needs as well as SEP accounts.
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Individuals or employers with a High Deductible Health Plan qualify to contribute. Contributions can be used to pay health expenses on a tax-preferred basis or to accumulate wealth for retirement on a tax-preferred basis.
If you are self-employed or a sole proprietor, you are an ideal candidate for an HSA. High deductible health insurance plans generally have modest premium costs, and may be an effective cost-containment mechanism for the employer.
The HSA may serve the dual purpose of providing for both medical and retirement expenses.
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- CDARS®
Through the CDARS service, we can provide you with easy access to multi-million dollar FDIC protection for your investments.
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