Silver Keys Savings | Health Savings | CD’s | IRAs

At Cross Keys Bank, we understand that achieving your dreams begins with a solid savings plan. Let us help you choose the services that will provide you with the money you need when you need it.

Silver Key Savings
This account evolved from the old “passbook” savings account, and it still serves the same basic needs today. It’s a great way to begin a savings plan for a specific purpose, or to tuck away some “rainy day” money for unexpected expenses. You can make deposits at any time, and you always have immediate access to your funds.

Health Savings Accounts

This account allows some individuals with high insurance deductibles to set money aside for qualified medical expenses. This is a product that could also provide some large income tax deductions, but it also has some potential tax penalties. We recommend talking to a qualified tax advisor before opening any Health Savings Accounts.

CD’s

For customers who are willing to leave their money on deposit for anywhere from 3 months to 5 years, a Certificate of Deposit (CD) is the way to go. You can receive the interest on your CD on a regular basis, or you can leave it in the CD so that it will increase in value. Unlike some banks, Cross Keys Bank compounds interest on CDs on a daily basis.

IRAs

Individual Retirement Accounts are a great way to save for retirement, while saving money on income taxes. Different forms of IRAs, Traditional and Roth for example, offer different tax benefits while each of them also provide increased funds for retirement. Deposits can be made in a lump sum or in smaller amounts. IRAs are another area where the advice of a tax consultant is a good idea. 

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