Personal Banking | Savings Accounts

 

Personal Savings Accounts

Savings Accounts

 

 

Personal Savings

Personal Savings accounts are designed to help you build wealth. Deposits can be made as often as you like. You can also transfer funds from another account into your savings account automatically; you choose the frequency and the amount. Personal Savings Accounts receive an account statement at least quarterly, or monthly if you have electronic activity.

  • $500 Minimum Opening Deposit and Balance requirement
  • $7.97 Monthly Maintenance Fee, if below balance requirement
  • Interest is compounded and credited semi-annually
  • 6 withdrawals allowed per month, ($11.99 per item if over limit)

Combo Savings includes all of the account features of the Personal Savings account, but also provides an added benefit of receiving an account statement combined with your monthly checking account statement. This enables you to balance your savings account, just as you do your checking account. It also gives you a complete statement of your account relationships with BRB!


Youth Savings

Youth Savings accounts are available to those under 18 years of age, providing an easy way to begin saving at an early age.

  • $10 Minimum Opening Deposit and Balance requirement
  • $7.97 Monthly Maintenance Fee, if below balance requirement
  • Interest is compounded and credited semi-annually
  • 6 free withdrawals allowed per month ($11.99 per item if over limit)

 

Health Savings Accounts

A Health Savings Account (HSA) is a tax-exempt account established exclusively for the purpose of paying or reimbursing the qualified medical expenses of you, your spouse, and your dependents. A BRB Health Savings Account gives you faster, more economical and  convenient ways to pay for qualified medical expenses, while also earning an attractive interest rate on the balance in your account.

 

Eligibility Requirements - you are eligible for a regular HSA contribution if, in any month, you:

  • Are covered under a high-deductible health plan (HDHP) on the first date of such month;
  • Are not also covered by any other health plan that is not an HDHP (with certain exceptions for plans providing preventive care and limited types of permitted insurance and permitted coverage);
  • Are not enrolled in Medicare; and
  • Cannot be claimed as a dependent on another individual's tax return

 

 

 

 
return to top
 

 


HEALTH
SAVINGS
ACCOUNTS

Learn More! -->