Copyright © 2008 The Simsbury Bank & Trust Company. All Rights Reserved.
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| You have a range of savings needs and we have accounts that are tailored to your life. Building your retirement nest egg or saving for your child’s education? We have the tax advantaged accounts to help your savings grow faster and larger. Looking to manage your cash flow and retirement income? We have fixed rate, guaranteed return certificates of deposit and variable rate money market savings accounts. And, we offer the simplicity and security of statement and passbook savings accounts. All of our savings and checking accounts enjoy the protection of FDIC insurance. |
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Tax-deferred earnings and FDIC insurance make a winning combination
- IRAs: Traditional and Roth
- SEP/IRAs
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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.†
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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
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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)
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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 credited monthly
- Monthly service charge of $1.25 in any month when average daily balance falls below $200** (otherwise free)
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Education Savings
Coverdell Education Savings Accounts
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* Interest rate will be set at a level no lower than the average rate for Money Market Savings Accounts with balances of $50,000 and higher offered by the four banks with branches in Bloomfield offering the highest rates for this type of account. The interest rate will be set quarterly. This account is only available to Bloomfield residential real estate tax payers.
**Monthly Service Charges and balance requirements are currently waived!
†Cash withdrawals are permitted at any time, but transfers are subject to limitations.
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Equal Housing Lender