Personal Savings Accounts
All Savings Accounts come with the following:
- Free Online Banking
- Free Mobile App
- Notary Services Available
Compare Accounts
Statement Savings Account
Interest-Bearing
No Minimum Balance to Open
Minimum Balance $100
Interest Compounded Daily, Credited Quarterly
Quarterly Statements
ATM Card Available
Money Market
Interest-Bearing
$1,000 Minimum to Open
$1,000 Minimum Balance
Interest Compounded Daily, Credited Monthly
Monthly Statements
ATM Card Available
Kids Adventure Club Account
Interest-Bearing
No Minimum to Open
No Minimum Balanace
Interest Compounded Daily, Credited Quarterly
Quarterly Statements
No ATM Card
Health Savings Account
Interest-Bearing
No Minimum Account Balance
No Minimum to Open
See our Current Rates
Interest Compounded Daily, Credited Monthly
Monthly Statements
Debit Card Available
See new account representative for full disclosures that may apply
Statement Savings Account
Our essential savings account with just a $100 minimum account balance.
Money Market Account
This high yielding interest-bearing savings account also offers check writing ability. The account receives monthly statements, with the interest rate tiered based on the account balance. There is a minimum daily account balance of $1,000 required to avoid fees. A $7.50 service charge applies if the account balance falls below $1,000 at any time during the statement cycle for Money Market accounts. Fees may reduce earnings.
Kids Adventure Club
The Kids Adventure Club account is a no-cost savings plan for kids featuring activities throughout the year that help young people learn the value of saving money in a fun and interactive way.
There is a goodie bag upon opening an account and a special birthday gift each year.
Health Savings Account (HSA)
A Health Savings Account (HSA) is a tax-exempt account created for the purpose of paying or reimbursing qualified medical expenses for you, your spouse and your dependents. Contributions to an HSA are tax deductible, the earnings grow tax deferred and distributions to pay or reimburse qualified medical expenses are tax free.
Qualified account holders must be covered under a high-deductible insurance plan and not be covered by any other health plan, not be enrolled in Medicare and cannot be claimed as a dependent on someone else’s tax return.
Clay County Savings Bank offers HSA accounts for individuals and employers.
Individual Retirement Accounts (IRAs)
Preparing for retirement is among the most important financial decisions you will make. Opening an Individual Retirement Account (IRA) is a great way to plan for the future, and Clay County Savings Bank is here to help. We offer both Traditional and Roth IRAs with flexible terms and a minimum of just $500 to open an account.
Traditional IRA
With a Traditional IRA, you’re able to defer taxes on the earnings on your contributions until they are withdrawn. Depending on eligibility, contributions may be tax deductible in the year for which you make them.
Roth IRA
The Roth IRA gives retirement savers a different incentive — nontaxable distributions. Roth IRA contributions are not tax deductible, so owners will not pay federal taxes on distributions of these contributions. Under certain conditions, the earnings on Roth IRA contributions are also nontaxable when distributed. Therefore, if you expect to be in a higher tax bracket when you take distributions in retirement, for this and other reasons you may benefit more from a Roth IRA than a Traditional IRA.
Certificates of Deposit
You can lock in higher yielding returns with a certificate of deposit. We offer flexible terms. You may select any term between 3 months and 60 months and only $500 is needed to open an account. Penalties apply for early withdrawal. Check out our latest rates online.
