| Account Detail | Business Savings | Money Market Deposit Account | Health Savings Account | Certificate of Deposit | IntraFi Network Deposits |
|---|---|---|---|---|---|
| Amount to Open | $25 | $1,000 | $100 | $500 | $10,000 minimum |
| Interest Bearing | Earn interest on any balance | Earn interest on balances of $1,000 or more | Earn interest on any balance; interest earned is tax-free | Earn interest on balances of $500 or more1 | Earn interest on balances of $10,000 or more |
| Interest Payment Options | Interest is paid to the account quarterly | Interest is paid to the account monthly | Interest is paid to the account monthly | Interest can be compounded, deposited to a checking or savings account, or paid by check | Interest can be compounded, deposited to a checking or savings account, or paid by check |
| Contributions / Deposits | Deposits can be made at any time. | Deposits can be made at any time. |
Yearly contributions are limited to health plan’s deductible; subject to a yearly individual & family contribution limit.
Persons aged 55 and older can make additional contributions. |
Fixed investments of a specific sum for a specific period of time. You may not add money to these certificates and they are not negotiable. | Fixed investments of a specific sum for a specific period of time. You may not add money to these certificates and they are not negotiable. |
| FDIC Insurance | Up to $250,000 | Up to $250,000 |
Up to $250,000
|
Up to $250,000 | Amounts over $250,000 |
| Statement Options | Quarterly Statement or Combined with Monthly Checking Account Statement | Monthly Statement |
Monthly Statement
|
Quarterly Statement | Monthly Statement |
| Service Charges / Monthly Fees | Avoid $5 account fee per statement cycle with eStatements or $200 average daily balance | $5 if average daily balance is below $1,000 |
N/A
|
N/A | N/A |
| Available Investment Terms | N/A | N/A |
N/A
|
7 Days to 60 Months2 | 4-Week, 13-Week, 26-Week, 52-Week, 2-Year, 3-Year3 |
| Early Withdrawal Penalty | N/A | N/A |
N/A
|
You can withdraw funds prior to maturity by paying an early withdrawal penalty of 3 months interest on any certificate with a term of 3 months or more. On certificates with terms of less than 3 months, all interest will be forfeited | You can withdraw funds prior to maturity by paying an early withdrawal interest penalty according to the terms of the certificate: 4-Week: 28 Days, 13-Week: 90 Days, 26-Week: 90 Days, 52-Week: 180 Days, 2-Year: 360 Days, 3-Year: 540 Days |
1Interest can be compounded, deposited to a checking or savings account, or paid by check.
2You can withdraw funds prior to maturity by paying an early withdrawal penalty of 3 months interest on any certificate with a term of 3 months or more. On certificates with terms of less than 3 months, all interest will be forfeited.
3Penalties for early withdrawal may apply. Interest will accrue daily up to the date, but not on the maturity date. If the maturity date should fall on a non-business date, then the funds will be paid out the following business day.
2You can withdraw funds prior to maturity by paying an early withdrawal penalty of 3 months interest on any certificate with a term of 3 months or more. On certificates with terms of less than 3 months, all interest will be forfeited.
3Penalties for early withdrawal may apply. Interest will accrue daily up to the date, but not on the maturity date. If the maturity date should fall on a non-business date, then the funds will be paid out the following business day.