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Health Savings Account

Personal Savings Options

With a wide range of savings solutions to choose from, we can help you develop a plan that meets your short and long term goals.

Personal Statement Savings

Our basic savings account is a great way to start saving! Earn interest on daily collected balances of $50 or more paid quarterly (paid monthly when on a combined statement).  Maintain an average daily collected balance of $200

to avoid a monthly maintenance fee. 

Platinum Savings

Our platinum savings account offers a preferred rate for balances over $10,000.

Young Saver's Account

At Pennstar Bank, we think kids are out of this world! Our Young Saver's Account is a great way to teach them the value of saving. This account has no minimum balance requirement to earn interest and no monthly maintenance fee. Children under the age of 14 can also join our special kid’s club and receive a kid-friendly savings register and a pencil at account opening. They'll also receive seasonal stickers each time they make a deposit.

Personal Money Market Account

With a Personal Money Market Account, you can earn interest and enjoy the ability to write a limited number of checks. Earn interest on daily collected balances in one of the following tiers.

• $1,000 - $9,999.99

• $10,000 - $49,999.99

• $50,000 - $99,999.99

• $100,000 and over

There's no monthly maintenance fee with an average daily collected balance of $1,000. Canceled Checks may be

returned in an imaged format.

Holiday and All Purpose Clubs

Put money away for the holidays, a vacation, taxes or other purpose with our Holiday and All Purpose Clubs.

Choose a coupon book or have your payment automatically deducted from your Pennstar Bank checking account

to earn a preferred interest rate. The minimum weekly payment is just $5. Interest is calculated on the daily collected balance and credited at maturity. A check will be mailed to you or deposited into your account at the end of the 50-week term. With the All Purpose Club, you select your own start date. If you are using your account for tax escrow, you are entitled to three withdrawals during the term to correspond with tax payment due dates with no penalty.

Certificates of Deposit (CDs)

From 90 days to five years, our Certificates of Deposit allow you to save on your terms and enjoy competitive rates.

The minimum deposit to open a Pennstar Bank CD is $1,000.  Interest is credited to your CD monthly, or you can choose to receive interest payments annually, semi-annually or monthly by check or direct deposit. All CDs automatically renew at maturity after a 10-day grace period. Special terms and rates are available for Jumbo CDs opened with $100,000 or more.

Flex CD

The Flex CD offers you CD rates with the flexibility of a savings account. You can make additional deposits of $50

or more anytime and one withdrawal during the term of the CD without a penalty provided the principal is not invaded. The minimum deposit to open is $1,000. Terms of six months and one year are available. You may redeem your

Flex CD without incurring a penalty after the first seven days following account opening.

Individual Retirement Accounts (IRAs)

When it comes to IRAs, Pennstar Bank puts the emphasis on the "individual." We offer a variety of IRA savings options, and let you choose the savings plan that will help you to meet your goals. Options include:

• Traditional IRAs

• Roth IRAs

• Education IRAs

Health Savings Accounts (HSAs)

A health savings account from Pennstar Bank is a great way to take advantage of tax savings while saving to cover your current and future medical expenses.  The HSA is a tax-exempt account established for the purpose of paying qualified medical expenses.  Anyone who has a high-deductible Health Plan (HDHP) is eligible to open a HSA, regardless of his or her age or income bracket.