CDs, IRAs, HSAs
Who says there are no guarantees in life? With a CD, you’ll receive a guaranteed return on your investment with the security of FDIC insurance on up to $250,000 of deposits. You choose the specific length of time at a set rate of yield that works best for you. The minimum deposit to open a CD is only $500 with terms from 3 months to 5 years. Please call or visit a branch today for more information.
Individual Retirement Accounts (IRAs)
You want your hard-earned investments to be safe, secure, and there for you when you need them. Whether you're looking for an IRA or rolling over your current IRA, there has never been a better time to invest your funds locally with a Bank of England IRA account. Please call or visit a branch today for more information.
Health Savings Account (HSA)
A Health Savings Account (HSA) is a tax-exempt trust or custodial account established exclusively for the purpose of paying or reimbursing qualified medical expenses of you, your spouse and your dependents.
You are eligible for a regular (HSA) contribution if, with respect to any month, you:
- Are covered under a high-deductible health plan (HDHP)
- Are not also covered by any other health plan that is not an HDHP
- Are not enrolled in Medicare
- Cannot be claimed as a dependent on another individual’s tax return