Personal Banking: Savings Solutions

Statement Savings
Put A Little Away Each Day

It takes time to build your savings. That's why our Statement Savings accounts require no minimum deposit and customers receive:

Interest compounded monthly.
40 FREE items per month (charged or credited).
No monthly service charge on accounts provided a $200 average monthly balance is maintained. (Kids' Accounts exempt.)
Link your account to STAR® for 24-hour access to your funds. Just $1/month gives you unlimited STAR® transactions*. ($1 charged to your primary STAR® account only).

Insured Money Market Accounts
Put Your Lazy Money To Work

Treasury Indexed Money Market
Our Treasury Indexed Money Market account rewards customers on their investment amount with an annual percentage yield tied to the current three-month T-bill rate, as published in the Wall Street Journal on the last business day of the month.

A balance of $50,000 or more earns 100% of the three-month T-bill rate, balances of $25,000 to $49,999 earn 80% of the three-month T-bill rate. Balances less than $25,000 earn a market rate of interest that is subject to change daily.

Premier Choice Money Market
Our Premier Choice Money Market offers the advantage of earning money at market-based rates with a minimum daily balance of $2,000. Earn an even higher rate with a balance of $10,000 or more. Your money will continue to earn interest (based on our Statement Savings rate) should the balance drop below the minimum.

For your convenience you may access your money market funds by using our FREE Telephone Banking or Web Banking service to make transfers to your HNB checking account. You may also make an unlimited number of personal or STAR® withdrawals. Pre-authorized money market withdrawals are limited to six per month, of which no more than three may be by check. (The charge for STAR® is $1 per month charged to your primary STAR® account.)

Certificates of Deposit
Security, Flexibility, & Earning Power

Our certificates are designed to give you the ultimate in flexibility. You pick the maturity that best fits your needs, and let our daily compounding work for you.

From time to time, we offer special promotions on our Certificates of Deposit. View our current rates online, or ask a Harleysville National Bank and Trust Company representative about any unique offers when you shop for your CD.

Individual Retirement Accounts

All of us hope to enjoy a productive, financially secure retirement, but it takes planning. At Harleysville National Bank and Trust Company, we are committed to helping you attain your financial goals. We offer a variety of retirement planning accounts, including several Individual Retirement Account (IRA) options.

Traditional IRA and Roth IRA

With a traditional IRA, contributions can be tax-deductible from your gross income. You may be able to claim the deduction even if you don't itemize deductions on your taxes. Retirement savings grow tax-deferred, then earnings are taxed upon withdrawal.

With a Roth IRA, no tax deduction is allowed for contributions, but if certain requirements are met, distributions can be entirely tax-free. Earnings grow tax deferred and your contributions will not be taxed upon withdrawal.

Coverdell Education Savings Account

The Coverdell Education Savings Account is a type of tax-advantaged savings account specifically for paying qualified education expenses from kindergarten through 12th grade, college or trade school. A $2,000, non-tax deductible contribution may be made annually. Virtually anyone can contribute, and qualified distribution are tax-free.

Not only can you select a Traditional, Roth or Coverdell Education Savings
Account, but HNB gives you the flexibility to select the best type of
investment for you - Fixed or Variable Rate, or Self-Directed. Fixed or Variable rate IRA funds are insured separately from any other non-Retirement Plan monies up to $100,000 by the FDIC. Click here to check our current rates.

Additional Retirement Planning Services are available through HNB's Investment Management and Trust Division.

Club Savings Plans

If you're saving for a specific goal, an HNB special-purpose club may be just what you need.

Choose a fixed amount to save. (Subject to an early withdrawal fee.)
Club earns simple interest whether or not the club is completed.
Harleysville National Bank also offers a club savings plan timed to mature when the holiday shopping season begins. For these clubs:

Clubs can be opened beginning the first part of October through mid-February.
Clubs mature in October of the following year.
Simple interest is earned whether or not the club is completed.
Choose a fixed amount to save. (Subject to an early withdrawal fee.)
For your convenience, club payments are automatically deducted from your HNB checking account.
To begin a club savings plan, stop by any branch and speak to a customer service representative.

Kids Banking

How can you teach kids and young adults to save money? Open a Harleysville National Bank Kids Account, and put your kids on the road to saving for the future.

What Is A Kids Account?
When your children become a part of our Kids Banking program, they will receive a specially designed savings book just for them. Choose from:

Baby's First Bank Book: Designed to save your baby's first nest egg.
Kids Bank Book: For kids ages 5 to 12. A place to deposit their allowance and birthday money.
Teen Bank Book: A place for your teenager to save for college, a car, a stereo - whatever their dream happens to be. (Account available to teens through age 22.)
Kids' Accounts earn interest, compounded monthly, based on the Bank's statement savings rate. As a variable rate account, the interest rate is subject to change daily at the Bank's discretion.
Access To Harleysville National Bank's Kids' Job Bank
As a public service to our young customers, we compile a list of local employment and volunteer opportunities for younger people. This list is available from any of our branch locations or check the list online anytime!

Special Events
We hold special events designed just for kids. As a member of our Kids Banking program, you'll be invited to Santa Day to meet Santa. Other special events include tours of our bank, special drawings and more.

Books for Bucks
To encourage children to read over the summer, we developed our Books for Bucks program. We'll deposit $1 for every book your child reads over the summer into his/her Kid's Account (maximum credit $10). The program, available to kids ages 5-12, begins in June and ends by the second week in September.

Child Care ID Kit
Receive a FREE Child Registry handbook and a supply of Lifesaver ID Tags®. The handbook will help you record important information about your child should an emergency ever occur. Take advantage of Lifesaver ID Tags which can be sewn into a child's clothes or attached to shoelaces. The ID Tags provide lifesaving information if a child is lost or injured.

Let Us Help You Teach Your Kids About Saving
Teach your kids about banking by getting them involved. Let them do their own banking at our special kid's counters, designed especially for them.

Visit or call any one of our offices for full details on how your kids can sign up for Harleysville National Bank & Trust Company's Kids Banking program, or apply online!
Personal Banking: Savings Solutions Personal Banking: Savings Solutions Reviewed by darkmatticus on January 11, 2019 Rating: 5
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