CDs, IRAs and HSAs
Save for Future Expenses, Retirement or Medical Emergencies
As the saying goes, “Failing to prepare is preparing to fail.” The future may seem like a distant target you will get to someday, but preparing for it today is essential for having peace of mind when the future arrives. Mayville State Bank can help you save for what comes next in your life. We offer CDs to help you grow your wealth, IRAs to help you live better in retirement and HSAs to help you prepare for life’s medical emergencies.
CDs (Certificates of Deposit)
A secure investment option, CDs at Mayville State Bank offer flexible interest options and maturation periods to fit your financial needs. Insured by the FDIC, CDs take your idle funds and allow them to grow over the maturity period.
Interest rates for CDs at Mayville State Bank are locked in for the entire term of the certificate and you can choose to have interest paid directly to your checking or savings account or back into your certificate for increased earnings potential. See full disclosures for CD accounts at Mayville State Bank.
IRAs (Individual Retirement Accounts)
When it comes to planning for your retirement, you can never start too early. IRA accounts offered at Mayville State Bank include both Traditional IRAs and Roth IRAs and are designed to give you the maximum benefit possible through guaranteed yields, clear notices of earnings, flexible terms, FDIC insurance coverage and no fees or commissions. IRAs are a terrific tool to get started on your savings for retirement regardless of your age. See full disclosures for IRA accounts at Mayville State Bank.
HSAs (Health Savings Accounts)
Taking care of your personal health, as well as watching out for the health of your family, is an important part of life. When medical emergencies happen, an HSA from Mayville State Bank can provide great peace of mind. Established in connection with a high-deductible health care plan, a health savings account is a tax-exempt account designed to help you set aside money for costs related to medical care.
Withdrawals for qualified medical expenses from your HSA are tax-free, and your funds are easily accessible via a written check or debit card attached to the account. Contributions can be directly deposited by your employer pre-tax or can be used as a tax deduction when you contribute to your HSA.
When medical emergencies occur, an HSA from Mayville State Bank is a great resource to be able to lean on. Get more detailed information on HSAs from Mayville State Bank or view our rate and fee information.