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PERSONAL SAVINGS

American Investment Account

Put your money to work for you with a Money Market account that gives you flexibility and easy access to your funds when you need them. The minimum balance requirement is $2500 for individuals. When this requirement is met, there is no maintenance fee. There is an activity limit on this account of 6 debits per month of which 3 may be checks. A charge of $3 per item is accessed if limit is exceeded. Minimum withdrawal amount is $500.

Personal Savings Account

Everyone has their own savings needs and goals. The best savings account is one that works for your situation. Our Savings account will help you meet those goals with lots of flexibility and competitive interest rates. The minimum deposit to open is $10 and a maintenance fee of $3 is assessed if balance falls below $100. The activity is limited to 9 withdrawals per quarter. Additional withdrawals will be charged a fee of $1 each. Individuals age 22 or under are exempt from the $3 minimum balance service charge.

Traditional IRAs

If you are under age 70 ½ and have earned income, you can start saving for your retirement today with a Traditional Individual Retirement Account. Your tax-deferred contributions today will help to prepare you for a secure retirement, and you maintain options for withdrawing your funds if you need them. We want to help you save for your future, so contact us today about setting up a Traditional IRA, and put your retirement in your own hands.

Roth IRAs

For people who want more discretion over when they take distributions from their retirement account, a Roth IRA may be an ideal option. Unlike Traditional IRAs you are not required to take distributions at age 70 ½, and you can continue making contributions with earned income at that point. Speak with a professional at American Bank of Sidney or your financial advisor to see if a Roth IRA is right for you.

Health Savings Accounts

A Healthcare Savings Account (HSA) is designed to help customers save for qualified medical expenses on a tax-free basis. Any individual who is covered by a qualified high deductible health insurance plan may establish an HSA. Contributions are tax free and interest earned on the account is tax free.