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1st Addition Money Market

This is our premium Money Market Account. The 1st Addition Money Market can be opened with a $10,000.00 deposit, pays competitive rate of interest (click here for current interest rates) and keeps your money fully liquid. The interest rate is reviewed and may be adjusted weekly with a monthly deposit of interest directly into your account. Maintain a minimum daily balance of $10,000.00 or more and the monthly service charge of $10.00, will be waived. If the account balance falls below $10,000.00 the interest rate will drop and the monthly service charge will be drawn from your account on the last business day of the month. Please remember the following Money Market Limitations: The minimum amount you may withdraw at any time is $500.00. You may not make more than six (6) transfers and withdrawals from your account per month by means of a preauthorized or automatic transfer or telephone (include data transmission) agreement, order or instruction or by check, draft, debit card or similar order payable to third parties. However, you are allowed unlimited deposits and withdrawals in person or by mail. We will provide a monthly statement including images of your checks and deposits for your convenience. Please review your statement and balance your account monthly.

regular money market

The Regular Money Market Account can be opened with $2,500.00, pays a competitive rate of interest (click here for current rates) and can provide easier access to your money than a passbook savings. Maintain a minimum daily balance of $1,000.00 or more and the monthly service charge ($10.00) will be waived. If the account falls below the minimum daily balance requirement, your interest rate will drop and the monthly service charge will be drawn from your account on the last business day of the month. We will provide a monthly statement including images of your checks and deposits for your convenience. Please review your statement and balance your account monthly. Please remember the following Money Market Limitations: The minimum amount you may withdraw at any time is $500.00. You may not make more than six (6) transfers and withdrawals from your account per month by means of a preauthorized or automatic transfer or telephone (include data transmission) agreement, order or instruction or by check, draft, debit card or similar order payable to third parties. However, you are allowed unlimited deposits and withdrawals in person or by mail.

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passbook savings

Our Passbook Savings is a great way to set money aside for future expenses. You can open with a $50.00 deposit, earn a competitive rate of interest (click here for current interest rates) and keep your funds fully liquid. Interest will compound quarterly and will be credited to your account on a quarterly basis. Anytime the balance is below the $50.00 minimum balance the account will earn no interest. Please remember the following Savings Account Limitations: You may not make more than six (6) transfers and withdrawals from your account per month by means of a preauthorized or automatic transfer or telephone (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order payable to third parties. However, you are allowed unlimited deposits and withdrawals in person or by mail.

CERTIFICATES OF DEPOSIT

Time Deposits, also known as, Certificates of Deposit or CDs, are a great way to help your money grow in a safe reliable way. The Certificate of Deposit can be opened with a $1,000.00 deposit and is a termed contract between Headwaters State Bank and the depositor. The CD establishes a fixed rate of return on the investment provided the contract is honored until the maturity date. We offer competitive rates and guaranteed returns on your investments. Ask about automatic renewal for your convenience. Interest earned on your CD can be reinvested to meet the Annual Percentage Yield (APY) or you can receive a check or direct deposit of your interest into your Headwaters State Bank deposit account. Early withdrawal penalty may apply for Certificates of Deposit closed prior to the maturity date on the CD contract and penalties may reduce earnings. CD terms range from 3 months to 5 years. (click here for current interest rates and term options.)

IRA

SIMPLE IRA (SAVINGS INCENTIVE MATCH PLAN)
Retirement saving made SIMPLE for Employees of Small Employers
(click here for more information)

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FDIC
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