Savings Account Comparison
| Account |
+ |
Opening Deposit |
Minimum Balance to Avoid Service Charges |
Monthly Service Charge |
Unlimited Check Writing |
Interest Bearing |
| Personal Savings Account |
Personal Savings Details |
$0 |
$100 |
$2 if balance below $100 |
No |
Yes |
| Money Market Account |
Money Market Details |
$0 |
$2,500 |
$10 if balance below $2,500 |
No |
Yes |
| Certificates of Deposit |
CD Details |
$500 |
$0 |
$0 |
No |
Yes |
| Health Savings Account |
HSA Details |
$0 |
$0 |
$0 |
Yes |
Yes |
Account Details
Personal Savings Account
- Variable interest rate account that earns competitive interest
- Only a $2 monthly service charge if minimum balance falls below $100
- Service charge waived for account holders under the age of 18
- Six (6) withdrawals and transfers allowed per month*
Money Market Account
- Variable interest rate account offering tiered rates
- Only a $10 monthly service charge if minimum balance falls below $2,500
- Six (6) withdrawals and transfers allowed per month*
*Regulation D limits the type of withdrawals and transfer transactions you can make out of your Savings or Money Market Account to a maximum combined total of six (6) per month or monthly statement period. These transactions include Automatic Transfers, Transfers by Telephone, Fax or Online Banking and Checks or Drafts. Withdrawal and Transfer transaction not limited to six (6) per month are those made in Person, by Mail, at an ATM or by Messenger. An excessive withdrawal fee of $1.00 may apply for each transaction that exceeds the limit.
Certificates of Deposit
- Fixed interest rate for the term of the Certificate of Deposit
- Various terms available from 3 months to 60 months
- Minimum opening deposit is only $500
Health Savings Account
- Variable interest rate account offering tiered rates
- No minimum balance
- No monthly service charge
- Free box of First Bank of Wyoming checks per year
- Unlimited check writing
- Free VISA® Debit Card
- Available with a qualifying High Deductible Health Plan (HDHP) – please consult a High Deductible Health Plan provider regarding eligibility and contribution/distribution requirements.
- Unused funds are retained and not forfeited at year-end as with some flexible spending accounts
