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Savings Options

Savings^*

Account Type	Statement Savings	Holiday Savings	High Yield Savings
Minimum to Open	$20.00	$20.00	$10,000.00
Monthly Account Service Fee	$4.00	None	$10.00
How to Avoid the Monthly Service Charge	Maintain a Minimum Daily Balance of $100.00 Direct Deposit Funds Transfer to a CCB Account Minor Under Age 18	N/A	Maintain a Minimum Daily Balance of $10,000.00
Interest Paid	Yes	Yes	Yes; Tiered
Additional Information	Unlimited Over-the-Counter Withdrawals Limited to 6 Withdrawals by Check and or Automatic Transactions per Month** Access to MoneyPass ATM Network

*Accounts subject to deposit account approval. **You may not make more than six withdrawals or transfers to another account of yours or to a third party by means of a pre-authorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card, or similar order to a third party. This includes preauthorized/automatic internet, telebanc, or telephone transfers.

Money Market Account^*

Account Type	Money Market
Minimum to Open	$10,000.00
Monthly Account Service Fee	$14.00
How to Avoid the Monthly Service Fee	Maintain a Minimum Daily Balance of $10,000.00 to avoid $10.00 of the Monthly Service Charge Enroll and maintain enrollment in eStatements to avoid $4.00 of the Monthly Service Charge
Interest Paid	Yes; Tiered
Additional Benefits	N/A
Additional Information	Unlimited Over-the-Counter Withdrawals Limited to 6 Withdrawals by Check and or Automatic Transactions per Month^*** Access to MoneyPass ATM Network

*Accounts subject to deposit account approval. Accounts are available for consumers only. Not available for business accounts (partnerships, non-profits, etc.). Not available for public funds. **Relationship may be reviewed at any time. ***You may not make more than six withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party. This includes preauthorized/automatic internet, telebanc, or telephone transfers.

CDs and IRAs^*

Account Type	Certificate of Deposit (CD)	IRA CD	IRA Savings
Minimum to Open	$500.00	$500.00	$20.00
Interest Paid	Yes	Yes	Yes; Tiered
Additional Information	No Monthly Account Service Fee Penalties for Early Withdrawal May Apply Fees May Reduce Earnings on the Account

*Accounts subject to deposit account approval.

Traditional IRA vs. Roth IRA

Account Type	Traditional IRA^*	Roth IRA^*
Eligibility Requirements	Earned Income Must be Younger than Age 70½ All Year	Earned Income Can be Any Age
Contribution Limits	Ask an Account Representative for Annual Contribution Limits.
Tax-Deductible	Yes, Contributions Deductible Depending On: Income Filing Status Covered by a Retirement Plan at Work Receiving Social Security Benefits	Contributions are Not Deductible
Required Distributions	Yes, you must begin distributions by April 1st of the year following the year you reach age 70½.	No, if you are the original owner, you do not have to take distributions regardless of age.
Tax on Distributions	Taxed as Ordinary Income, Except if a Non-Deductible Contribution is Made, then Not All of the Distribution is Taxable.	Not Taxed as Long as You Meet Certain Criteria.^**
Withdrawal Rules	Penalty-Free Withdrawals Begin at Age 59½ Distributions Can Begin at Age 70½ Beneficiaries Pay Taxes on Inherited IRAs	Contributions Can Be Withdrawn at Any Time; Tax-Free and Penalty-Free All Withdrawals Tax-Free After Five Years and Age 59½ No Withdrawals Required During Account Holder’s Lifetime
Earnings	Earnings Grow Tax-Deferred	Earnings Grow Tax-Free

*Account subject to deposit account approval. Seek the guidance of a tax or legal advisor. **For Tax on Distribution criteria for Roth IRAs, see Publication 590-B, available at www.irs.gov.

Health Savings Account (HSA)^*

Account Details
Customer Eligibility	Covered by a High Deductible Health Plan (HDHP); Not Enrolled in Medicare; No Other Health Insurance; and Cannot be Claimed as a Dependent on Another’s Tax Return.
Minimum Opening Deposit	$50.00
Monthly Service Charge	$1.50
How to Avoid the Monthly Service Charge	Maintain a Minimum Daily Balance of $2,500.00
Interest Paid	Yes; Tiered
Annual Contribution Limits	Depends on Individual or Family Plan Additional Allowance of $1,000.00 if Age 55 or Older
Additional Benefits	Free Debit Card Direct Deposit Available First Box of HSA Checks Free Online Banking, Mobile Banking, and Telephone Banking at No Charge