Choose from a variety of options to prepare for your retirement.
Online Banking
Tax-advantaged ways to save.
Current | Dividend Rate | Annual Percentage Yield | Minimum Opening Balance | Minimum Balance to Earn APY | Minimum Balance Avoid Service Charge | Dividends Compounded & Credited | Dividend Period |
IRA Account | 0.50% | 0.50% | Monthly | Monthly | |||
Primary Savings Account (with e-statements) | 0.10% | 0.10% | $5 | $500 | Monthly | Monthly | |
Primary Savings Account (without e-statements) | 0.01% | 0.01% | |||||
Departmental Savings Account | 0.05% | 0.05% | $500 | Monthly | Monthly | ||
Kids Savings Account | 0.10% | 0.10% | $5 | $25 | Monthly | Monthly | |
Secondary Savings Account | 0.05% | 0.05% | $500 | Monthly | Monthly | ||
Holiday Club Account | 0.05% | 0.05% | Monthly | Monthly | |||
Vacation Club Account | 0.05% | 0.05% | Monthly | Monthly |
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Type of Account | Styling & Ownership | CIP Required Individual & Entity | Account Verification | Owner's Pay | Owner's Liability | Tax Forms Filed |
Sole Proprietorship | Joe Test DBA Joe's Tires One Owner May have authorized signers | Entity Name & Address Unexpired DL SS Number EIN Assignment Tax Return | Tax Return, County or State Certificate, OFAC, Check Systems, Credit Report, Resolution, Account Card | Withdrawals | Unlimited | 1040 Sch. C |
Partnership | Test & Test Multiple Owners May have other signers authorized by resolution. All partners must sign resolution authorizing account opening. All signers do not have to sign account card. | Entity Name & Address Unexpired DL SS Number EIN Assignment Tax Return | Tax Return, County or State Certificate OFAC, Check Systems, Credit Report, Resolution, Partnership Agreement, Account Card | Gtd. Payments Rent Withdrawals | Unlimited | 1065 |
Limited Partnership | Test & Test, Ltd General Partners & Limited Partners All general partners must sign resolution. All partners do not have to sign account card. All signers will be authorized on resolution. Limited partners will not sign. | Entity Name & Address Unexpired DL SS Number EIN Assignment Tax Return | Tax Return, Sec. of State Certificate, OFAC, Check Systems, Credit Report, Resolution, Partnership Agreement, Account Card | Withdrawals | Limited | 1065 |
S - Corporation | Test, Inc. Corporation Owns Corporate Secretary must sign account resolution. Signers authorized on resolution. | Entity Name & Address Unexpired DL SS Number EIN Assignment Tax Return | Tax Return, Sec. of State Certificate, OFAC, Check Systems, Credit Report, Resolution, Minutes, Account Card | Wages Rent Loans Distributions | Limited | 1120S |
C - Corporation | Test, Inc. Corporation Owns Corporate Secretary must sign account resolution. Signers authorized on resolution. | Entity Name & Address Unexpired DL SS Number EIN if applicable Tax Return | Tax Return, Sec. of State Certificate, OFAC, Check Systems, Credit Report, Resolution, Minutes, Account Card | Wages Rent Loans Distributions | Limited | 1120 |
LLC - Sole Owner | Test, LLC Sole Member Owns May have managing member authorized to open account. Signers authorized on resolution. | Entity Name & Address Unexpired DL SS Number EIN if applicable Tax Return | Tax Return, Sec. of State Certificate, OFAC, Check Systems, Credit Report, Resolution, Account Card | Withdrawals | Limited | 1040 Sch. C |
LLC / LLP | Test & Test, LLC / LLP Members Own May have managing member authorized to open account. Signers authorized on resolution. | Entity Name & Address Unexpired DL SS Number EIN if applicable Tax Return | Tax Return, Sec. of State Certificate, OFAC, Check Systems, Credit Report, Resolution, Partnership Agreement, Account Card | Choice | Limited | Choice |
Non-Profit Organization | Boy Scout Troop 1 Organization Owns By-laws authorize signers. Signers authorized on resolution. | Entity Name & Address Unexpired DL SS Number EIN if applicable Tax Return | By-laws, Minutes, OFAC, Check Systems, Credit Report, Resolution, Account Card | N/A | N/A | N/A |
To open a Business Account, you will need to do the following:
Please review the following forms before getting started:
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We encourage members to install our new mobile app in the Apple Store and Play Store. The iPhone app will overwrite your old mobile app, but the Android app will install as a new app so please uninstall the old mobile app.
Calculation assumes that the year you retire, you don't make contributions. If you retire at 67, the calculation assumes your last contribution is at 66.
Calculation assumes a 2.9% rate of inflation. This is a common measure of inflation in the U.S. is the Consumer Price Index (CPI). From 1925 through 2018 the CPI has a long-term average of 2.9% annually.
Social Security benefits are not considered for this calculation. Social Security is based on a sliding scale depending on your income, how long you work and at what age you retire.
Pensions are not considered for this calculation.
Interest compounds monthly. The interest rate specified in calculator is used to calculate your return on savings and investments during and after retirement.
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.