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SAVINGS
ACCOUNTS*
We have savings programs that will keep your hard earned dollars working
everyday! You can use phone banking and internet banking to access your
account information.
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Anytime
Savings
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$25.00
minimum balance, ATM access, monthly statements |
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Passbook
Savings
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$25.00
minimum balance |
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Tiered
Savings
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$500.00
minimum balance, ATM access, monthly statements, tiered interest rates |
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Christmas
Club
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$25.00
minimum, no withdrawals allowed, proceeds mailed annually on November
1 |
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Kids
Club
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$25.00
minimum, welcoming packet, quarterly drawings, birthday cards |
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Money
Market
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$2,500.00
minimum opening balance, ATM access, over the counter access, check
access, tiered interest rates. |
CERTIFICATES
OF DEPOSIT*
Certificates of deposit make an excellent and safe choice for any short
or long term savings purpose. Money in a certificate usually pays a higher
rate of interest than savings accounts, rewarding you with a higher return.
Our
certificates of deposit have a variety of terms, all with very competitive
rates. If you're in the market for a safe investment, call us today!
*RATES
- Please call us for current rates.
All
deposits are insured to $100,000 by the FDIC (Federal Deposit Insurance
Corporation). You can feel safe knowing your deposits are secure at Brainerd
Savings & Loan.
HEALTH
SAVINGS ACCOUNT
Brainerd Savings & Loan is proud to announce that we now offer Health
Savings Accounts. Health Savings Accounts (HSAs) are a great “tax
advantaged” way to pay for certain medical expenses or to accumulate
wealth on a tax preferred basis. The tax benefits associated with HSAs
are very favorable – contributions are either deductible or they are tax
free when made by an employer and any distribution used to pay a
qualified medical expense is tax free. Employer’s health care costs
should be reduced and employees gain control of their health care
dollars.
Brainerd
Savings and Loan offers a great HSA vehicle for your clients – a tiered,
interest-bearing checking account with a debit card. This special HSA
account offers:
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Interest-bearing checking account
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The 1st
box of checks free
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Tiered,
variable interest rate
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Convenient and easy-to-use HSA debit card
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Unlimited check and debit card use
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$100
minimum opening deposit
$2.00
monthly fee if balance falls below $2,500, waived for the first year
For
more information about our savings accounts, click
here.
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