Advantage Bank offers a wide variety of Savings accounts that will help you to reach your goals on your terms. Each account has its own unique features and benefits to fit your individual lifestyle and provides what you need when you need it. To learn more, contact us today or locate and visit the Advantage Bank office nearest you.
A personal savings account for individuals with a high deductible health plan. The account is established for the purpose of saving money, tax-free, to pay qualified medical expenses.
Dedicate this account for all that holiday spending.
You'll receive a check in October, just in time for seasonal shopping!
When you’re looking for a savings account with higher savings rates, but do not want to commit to a certificate of deposit, a money market account may fill the need. Money market accounts earn market rates that are usually higher than a typical savings account and you may make unlimited withdrawals in person. Additional funds may be added at any time so that you can make the most of your money. Advantage Bank offers two money market accounts for serious savers:
Money Market accounts subject to Regulation D charges. Fees may reduce earnings.
Individual Retirement Accounts (IRAs) are tax-deferred investment tools to help you save for your retirement. Future withdrawals are taxed as income, but because your income will probably be less in retirement, the tax rate will be lower. So save now during higher income years for retirement.
Certificates of Deposit (CDs) are great tools for investing your cash. By depositing your funds at the bank for a predetermined time, you are able to establish a set rate of interest. With a variety of terms and rates, you have the flexibility to choose the CD that's right for you.
* Substantial penalty for early withdrawal
** One rate increase allowed during the term of this certificate
CDARS is the Certificate of Deposit Account Registry Service that provides full FDIC insurance on deposits larger than $250,000, the maximum amount allowed by law. There's no need to disburse your money among different financial institutions with Advantage Bank's CDARS.