Leighton State Bank offers a variety of CDs, all with a $500 minimum balance requirement. Maturity terms vary from 91 days to five years. Since CDs are FDIC insured, you can enjoy the security of a savings account but earn the higher interest associated with an investment.
We currently offer a Step CD in either a three or four year term. If interest rates go up, you can earn higher interest too! You are eligible to step-up your rate once during the CD term, any time after the initial 12 months.
IRAs allow you to accumulate funds for retirement purposes. Your retirement goals are important to us and we offer several types of accounts that can help you reach your goals. Tailor your IRA investment preferences using different products, including savings accounts and certificates of deposit.
SEP (Simplified Employee Pension) IRA:
CESAs are a savings and investment account used to save for future education expenses. Begin accumulating funds to be used for elementary and secondary education (K-12) expenses incurred in public, private or religious schools, as well as for college, technical school or postgraduate work. Withdrawals are tax free when used for qualified education expenses – including tuition, fees, books, supplies and equipment required for enrollment/attendance at an eligible educational institution. Contributions are not tax deductible.
HSAs are used to save money for future medical expenses. HSAs are similar to a personal savings account, but the money in them is used specifically to pay for health care expenses. You make contributions (or deposits) into your HSA, and then make distributions (or withdrawals) from the account when you need to pay for qualified medical expenses.
Benefits of an HSA:
Requirements for an HSA:
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