Health Savings Account Plans (HSAs)

One way to save for your healthy future while saving for your retirement is with our HSAs. These accounts offer:

• Tax deferred and tax deductible savings
• A premium interest rate
• Use it for qualified medical plans or as a supplement to your retirement plans
• Employer contributions to the account are not considered income to you
• Assets are portable and are yours forever
• Debit, ATM and SBT Online access
• Tiered interest credited monthly
• Monthly service charge of $3.00 if balance is below $2,500, first year of fees waived. $10 enrollment fee waived if your employer refers you to Simsbury Bank.
• High Yield HSA CD available as your balance grows or you have rollover funds. $500 minimum balance, no annual or monthly fee when linked with HSA Tiered Checking. $20 annual fee if no HSA Tiered Checking for those no longer eligible to make contributions.

Call or visit your Simsbury Bank Personal Banker today to learn more. Or, click for more information on Health Savings Account Plans (HSAs).

Retirement Accounts

Tax-deferred earnings and FDIC insurance make a winning combination

• IRAs: Traditional and Roth
• SEP/IRAs

Money Market Savings

Immediate access to funds for depositors maintaining higher balances

• $2,500 minimum balance
• Interest rate increases as balances grow
• Tiered interest rate based on average daily balance
• Up to 6 free preauthorized or electronic withdrawals/debits monthly, 3 of which may be in the form of written checks
• ATM access, direct deposit and other electronic transactions (subject to limitations) are available.†

Bloomfield Property Tax Savings Account

• Competitive interest rate*
• Make tax payments automatically and electronically
• Deposits and cash withdrawals are permitted at any time
• Direct deposit and automated transfer deposits available
• No monthly maintenance fee
• Minimum balance to open is $1.00

Statement Savings

Flexibility and convenience

• No minimum balance required to earn interest
• Withdrawals permitted at any time†
• ATM access, direct deposit and other electronic transactions (subject to limitations) available†
• Interest credited monthly
• Monthly statement of activity
• Monthly service charge of $1.25 in any month when average daily balance falls below $200** (otherwise free)

Certificates of Deposit (CDs)

Time-deposit products that earn the highest available interest

• $500 minimum to open
• Terms may be as short as 30 days to over 5 years
• Learn about four exciting ways to make the most of your CDs

Passbook Savings

A great way to track savings

• No minimum balance required to earn interest
• Withdrawals permitted at any time†
• Direct deposit available
• Interest credited monthly
• Monthly service charge of $1.25 in any month when average daily balance falls below $200** (otherwise free)

Education Savings

Pinnacle Savings

Earns interest for those with higher balances

• Pays interest on all balances
• Service charge of $5.00/month*
• $1,500 minimum balance to waive service charge*

Holiday Clubs

A convenient and easy way to save for the holidays:

• Earn premium interest rate
  
• Set up automated deposits into account
  
• Make additional deposits in branch or through ATM or SBT Online
  
• Bank automatically sends a check to you, or makes a deposit into your SBT checking or savings account on or about November 1st
  
• Automatically renews annually, no need to re-open for the next year
  
• No monthly service charge
  
• No minimum balance
• No early withdrawals

All Purpose Clubs

A convenient and easy way to save for a vacation or special event:

• Earn premium interest rate
• Set up automated deposits into account
• Make additional deposits in branch or through ATM or SBT Online
• Bank automatically sends a check to you, or makes a deposit into your SBT checking or savings account on a date of your choosing
• Automatically renews annually, no need to re-open for the next year
• No monthly service charge
• No minimum balance
  
• No early withdrawals