Health Savings Account Personal Banking
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Yes! We offer a safe place for you to save your money, with deposits insured up to at least $250,000 per individual depositor by the NCUA, backed by the full faith of the United States Government.
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There is no minimum balance required for our IRA savings accounts. For our IRA certificates, the minimum balance is $500 for a share certificate, and $100 for a Smart Growth certificate.
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A certificate is an option you can use with either a Roth or Traditional IRA, in order to save more money. It is an investment account, similar to a CD from a bank, that allows you to save more by leaving your money untouched.
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With a Traditional IRA, your contributions are tax-deductible (on state and federal tax returns) for the year you make the contribution. When you make withdrawals in retirement, you’ll be taxed. Roth IRAs do not offer a tax break for contributions, but your earnings and withdrawals during retirement are typically tax-free.
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As of 2018, the maximum contribution is $5,500 for those under 50, and $6,500 for those 60 or older.