Personal Savings

Passbook Savings Account

Our Passbook Savings Account will require the following:

  1. A minimum daily balance of $10.00 to earn interest and maintain an open status. Accounts with balances of less than $10.00 are subject to closure.
  2. If the minimum daily balance is less than $100.00 the account is subject to a $5.00 per month charge.
    Note: Fees can be avoided if you are under 24 years of age or 50 years or older. A periodic statement is provided. E-Statements are available upon request.
  3. Limit of six third party withdrawals or transfers to another account during any calendar month or statement cycle of at least four weeks.

For current interest rates click here.

Money Market Accounts

Money Market Accounts enable your funds to earn a higher rate of interest. Interest rates are set at the discretion of the bank. Any fees incurred could reduce earnings. A "regular statement" is provided. E-Statements are available upon request.

Money Market

  • If the balance falls below $5,000.00 on any day during the statement cycle, a service charge of $10.00 will be levied.
  • Allowed six debits every month.
  • Unlimited transfers allowed in person per month.
  • Free personalized checks (safety paper only).
  • This is a tiered interest bearing product that earns higher interest rates for higher balances.

Tiers:

1st $100,000.00 & Over
2nd $50,000.00 -$99,999.99
3rd $25,000.00 -$49,999.99
4th $0.01 - $24,999.99

For current interest rates click here.

Certificates of Deposit

A certificate of Deposit is a safe, high yield investment that gives you the opportunity to earn a higher rate of interest on your savings.  
There are various terms that allow you to select the best option for your individual needs.  You may choose to have your interest reinvested 
or paid directly to you.

  • Minimum deposit of $500.00 to open.
  • Lock in high rates of interest for a period up to 5 years.
  • You may choose to have your interest reinvested or paid directly to you.
    • Substantial penalty for early withdrawal.
    • 3 months interest on accounts with original maturity of 6 months or less.
    • 6 months interest on accounts with original maturity of more than 6 months up to 48.
    • 12 months interest on accounts with original maturity of 48 months or greater.

For CD interest rates click here.

Individual Retirement Accounts (IRA's)

Live your dreams- invest for retirement at The Killbuck Savings Bank.  Let us help, we have a full range of IRA's that can make saving for retirement easier.If you qualify, you may be able to deduct your contributions for federal income tax purposes.  Consult your tax advisor for more information about income tax deductions.

  • Minimum required balance to open most of our IRA's; other limits may apply to special IRA rates.
  • $25.00 minimum balance would open 18 month variable IRA.
  • Substantial penalty for early withdrawal.
    • 3 month interest on accounts with original maturity of 6 months or less.
    • 6 months interest on accounts with original maturity of more than 6 months up to 48..
    • 12 months interest on accounts with original maturity of 48 months or greater.
  • IRA Savings Passbook requires a $10.00 minimum balance and interest is compounded quarterly.

For information on IRA interest rates click here.

Health Savings Account (HSA)

A Health Savings Account (HSA) is an account to save for future medical expenses. There are certain advantages to putting money into these accounts, including favorable tax treatment*. To be eligible for a HSA you must have coverage under a high deductible health plan (HDHP) that is compatible with an HSA. Contributions to your HSA can be made by you, your employer, or both.  However, the total contributions are limited annually. Contributions to the account must stop once you are enrolled in Medicare. However, you can keep the money in your account and use it to pay for medical expenses tax-free*.

The Killbuck Savings Bank offers an interest-bearing HSA checking account that will make life easier when those unexpected medical expenses happen. Call us or visit any of our convenient locations today to learn more about what our HSA program can do for you.

  • There is a $3.00 monthly maintenance fee.
  • There is no minimum balance open this account.
  • In addition to HSA checks, we offer an HSA debit card.
    • There is a one time fee of $5.00 per card issued.
  • A "basic statement" is provided. E-Statements are available upon request.

For current HSA interest rates click here.
For more information from the US Treasury click here.

* Various IRS regulations do apply - consult your tax advisor.

Christmas Club Account

End holiday stress by making periodic deposits to a Christmas Club Account. A check will be mailed to you in the fall, which will allow you plenty of time to do your holiday shopping. The deadline to open a Christmas Club Account is January 31. Talk with a bank representative for further details.

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