Savings and Investment Services Personal Savings Accounts   Simple Savings Money Market Investment Dollar Bill Savings Health Savings Account (HSA) Individual Retirement Savings Account Ideal Customer Anyone interested in saving for the future The more serious saver Age 18 or younger, or anyone starting a regular savings regimen Those wanting to save for future medical expenses and earn interest Those saving for a more secure future Minimum balance to avoid service charge $100 $2,500 $0 $0 $0 Minimum to open $100 $100 $25 $1 $500 Service Fee $5, Quarterly $15 per statement cycle None None Penalty may apply for early withdrawal Interest A daily periodic rate is applied to the principal in this account Competitive rates on average daily balances A daily periodic rate is applied to the principal in this account Competitive rates on average balances based on the following tiers: $0-$2,499 $2,500-$4,999 $5,000-$9,999 $10,000+ Based on current CD rate for term selected Account Benefits FREE Online Banking & Bill Pay FREE Debit Card, Online Banking & Bill Pay FREE Online Banking & Bill Pay Control & Ownership, Security & Tax Savings Ask us for details Long-term Security Starting early is great, but if you are more mature, there is still time Account Limitations 6 preauthorized transfers per statement cycle 6 preauthorized transfers per statement cycle, no more than 3 by check $10 fee for excessive withdrawals 6 preauthorized transfers per statement cycle Withdrawal must be for qualified medical expenses Penalty withdrawal before age 59 1/2 Certificates of Deposit 1st Independence Bank offers a variety of certificates of deposit for your secure investment needs. Call to speak with one of our customer service representatives for further details and additional rates, terms, and annual percentage yields. Early withdrawal penalty may apply. Penalties assessed may decrease principal balance of your accounts. Back to Top