Toggle High Contrast Toggle Font size Menu Personal Savings You are here: PersonalPersonal Savings Regular Savings Minimum $100 to Open Interest earned on balances $100 and over Free Online Banking Excessive Items fees may apply – See TIS Disclosure Health Savings Account (HSA) No Monthly Service Charge Free Online Banking and Bill Pay Tax advantage to offset health care expense Designed exclusively for covering medical expenses incurred by the HSA account beneficiary & dependents Christmas/Vacation Club Account No Monthly Fees $10 Minimum to Open No Minimum Balance Interest Bearing No Withdrawals Can set up automatic transfer from existing account Checks cut on May 15 for Vacation and October 15 for Christmas or deposited into an account Maximum deposit of $100 per week, $5,200 per year Report Card Savings Children Kindergarten- 12th Grade $10.00 minimum to earn interest. Earn $1.00 for every “A” on your school report card from SCB, up to $6.00 if your parent/guardian matches it! Deposits made by SCB will have a one year hold from date of deposit. Certificate of Deposit (CD) Minimum deposit required Interest can be compounded, check mailed, or direct deposited into an account Penalty for early withdrawal Various terms available Individual Retirement Account (IRA) Traditional IRA – IRA plan that takes either deductible or nondeductible contributions. Contributions earn tax-deferred income. The principal and income is taxed as ordinary income when withdrawn. Roth IRA – IRA plan that takes only nondeductible contributions. Contributions earn tax-free income if qualified when withdrawn. Open An Account Open An Account Design Your Debit Card Apply for a Credit Card Manage Credit Card Account Apply for a Loan Apply for a Home Loan Pay My Loan Resource Center Title Company Privacy Notice ADA Compliance Identity Theft Cyber Security Fee Schedule Privacy Policy Site Map © 2021 South Central Bank