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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
- Up to 6 preauthorized or electronic withdrawals/debits or checks monthly
- Assets are portable and are yours forever
- Debit, ATM and SBT Online access
- Tiered interest credited monthly
- Low balance requirement to waive service charge
- 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). |
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Tax-deferred earnings and FDIC insurance make a winning combination
- IRAs: Traditional and Roth
- SEP/IRAs
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Tiered Money Market Savings
Immediate access to funds for depositors maintaining higher balances
- Low minimum balance to waive service charge
- Interest rate increases as balances grow
- Tiered interest rate based on average daily balance
- Up to 6 preauthorized or electronic withdrawals/debits or checks monthly
- ATM access, direct deposit and other electronic transactions (subject to limitations) are available.†
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- 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
Click here to learn more. |
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†
- Low monthly service charge if minimum balance is not maintained
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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
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Passbook Savings
A great way to track savings
- No minimum balance required to earn interest
- Withdrawals permitted at any time††
- Direct deposit available
- Interest compounded and credited monthly
- Low minimum balance required to waive monthly service charge
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Education Savings
Coverdell Education Savings Accounts
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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
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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
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