|
|
|
|
|
|
|
|
|
|
||||||||
| » About Us | |
» Personal | |
» Agriculture | |
» Business | |
» Insurance |
|
||||||||
|
 |
 |
|
Accounts
|
Certificates of Deposit
|
Individual Retirement Accounts
|
Loans
|
Other Services
|
Savings Accounts
Savings Accounts No Minimum Balance No Monthly Service Fee Competitive Interest Rate Interest Paid Semi-Annually Semi-Annual Statements A tax-preferred savings account authorized by internal revenue code 530 to encourage taxpayers to save for future education expenses. If you are eligible, you may make contributions within certain limits on behalf of a designated beneficiary, such as a child or grandchild. These contributions are made with after-tax dollars. That is, there is no up-front deduction for the contribution. The earnings realized by the coverdell education savings account are not presently taxed, and if used to pay the qualified higher education expenses of the designated beneficiary, will never be taxed. $2,000 Annual Contribution Limit Competitive Interest Rate Compounded Quarterly Automatic Deposits Accepted FDIC Insured An HSA is a tax-exempt trust or custodial account established for the purpose of paying medical expenses in conjunction with a high-deductible health care plan. Must Have A Health Plan That Accepts Health Savings Accounts Must Have At Least A $1,000 Annual Deductible For Individual Coverage To Qualify Or At Least A $2,000 Annual Deductible For Family Coverage $2,650 Annual Contribution Limit For Individuals Competitive Interest Rate Compounded Quarterly $5,250 Annual Contribution Limit For Families Automatic Deposits Accepted FDIC Insured HOME |
|
|
| © Peoples State Bank. All rights reserved. | |
Privacy Policy | Statement of Condition |
