Deposits

Country Free Checking

An absolutely free checking account.

• No minimum balance.
• No service charge.
• Unlimited check writing.
• Check images returned with statement.
• Free ATM/VISA debit cards.
• 5 free foreign ATM withdrawals per month; after fifth, $1.50 per withdrawal. No charge at BSB ATMs.
• Free Internet Banking & Bill Pay.

Country Plus Interest Checking

A checking account that earns interest.

• Variable interest bearing account, tiered interest based on balance/interest paid monthly.*
• Minimum balance of $500.00, $6.00 maintenance fee for less than $500.00 balance.
• Unlimited check writing.
• Check images returned with statement.
• Free ATM/VISA debit cards.
• 2 free foreign ATM withdrawals per month; after second, $1.50 per withdrawal. No charge at BSB ATMs.
• Free Internet Banking & Bill Pay.
• Interest is compounded and credited to this account monthly.  If you close this account before interest is paid, you will not receive the accrued interest.
  
• Interest is calculated using the average daily balance method which applies a periodic rate to the average daily balance in the account for the period.  The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period.  The period we use to make this calculation is monthly.
  

Country Gold Checking

Account for those 62 years of age and above.

• Variable interest bearing account, tiered interest based on balance/interest paid monthly.*
• A minimum daily balance of $1,000.00 required to earn interest.
• No monthly service charge.
• Free club checks.
• Unlimited check writing.
• Check images returned with statement.
• Free ATM/VISA debit cards.
• 2 free foreign ATM withdrawals per month; after second, $1.50 per withdrawal. No charge at BSB ATMs.
• Free Internet Banking & Bill Pay.
• Interest will be compounded and credited to this account monthly.  If you close the account before interest is paid, you will not receive the accrued interest.
• Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
  

Business/Governmental Agency Account

An account for Partnerships, Corporations and LLCs with a Tax ID Number.

• Check images returned with statement.
• No maintenance fee if $500.00 average/available balance is maintained during statement period.
• $5.00 total charge for maintenance fee if balance drops below $500.00 average/available balance.
• 5 cents per check charge over 40 checks written.
• Free Internet Banking.

Money Market Savings Account

An account that earns more interest.

• Unlimited transfers permitted between accounts of the same depositor at Bank. (If done in person, by messenger, by mail or to pay loans at the Bank.)
• Transfers to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per month including by check, draft, or similar order to third parties. If account exceeds 6 withdrawals per month - $6.00 charge per item. If account repeats violation of 6 withdrawals per month, Bank must convert to transactional account.
• Minimum balance to open is $1,000.00. If minimum balance falls below $1,000.00 - $6.00 charge per month.
• Variable interest bearing account, tiered interest based on balance.*
• Interest is compounded and credited to this account monthly.  If you close the account before interest is paid, you will not receive the accrued interest.
• Interest is calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period.  The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period.  The period we use to make this calculation is monthly.
  

Country Savings Account

No fee/No minimum balance savings account.

• Interest bearing account/paid quarterly.*
• Unlimited transfers permitted between accounts of the same depositor at Bank. (If done in person, by messenger, by mail or to pay loans at the Bank.)
• Transfers to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per month including by check, draft, or similar order to third parties.  If account repeats violation of 6 withdrawals per month, Bank must convert to transactional account.
• Debit card attached to this account has no usage fee if used at "Our ATMs". Any other ATM - 1 withdrawal per month without charge and $1.50 charge for each additional withdrawal.
• Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
  

Individual Retirement Account

An excellent tool for retirement and/or education savings.

• Four types to choose from: Traditional, Roth, and SEP IRAs as well as Coverdell Education Savings.
• Interest Bearing Account; Compounded/Paid Monthly
• No Annual Fee.
• One Free Premature Distribution per year; $10.00 fee for each thereafter.
  
• $20.00 fee for transferring funds out or closing the account.
• Accounts must be opened and/or funded by April 15th.
• Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
  

For information on contribution limits and deadlines as well as other information and restrictions, please contact our customer service department.

Health Savings Account

An HSA functions like a Checking Account:

• Make unlimited transactions with checks or a FREE debit card.
• Pay NO annual fee.
• Monitor your HSA through Online Banking.
  
• Earn interest* on your HSA balance -
• Interest is compounded and credited to this account monthly.  If you close this account before interest is paid, you will not receive the accrued interest.
• Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
• Minimum balance to open is $1.00.

Benefits of Opening a Health Savings Account:

• Encourages you to save money for medical expenses and emergencies.
  
  
• Offers Tax Benefits:
  • Contributions are tax-deductible.
  • Earnings grow tax-deferred.
  • Distributions for qualifying medical expenses are tax free.
    
    
• Provides a way for employers to contribute to their employee's health savings.
  
  
• Allows money to accumulate year to year since it does not have to be used up each year.

• Lets you roll over funds directly from a medical savings account.

Frequently Asked Questions:

Who is eligible for an HSA?
   Customers who are:
     - not yet enrolled in Medicare
     - not eligible to be claimed as a dependent on another person's tax return
     - covered by a high-deductible health insurance plan

What are the deductible requirements?
For 2010 and 2011, the deductible must be at least:
     - $1,200 for an Individual
     - $2,400 for a Family

How much can I contribute per year?
For 2010 and 2011, the maximum contribution amount is:
     - $3,050 for an individual
     - $6,150 for a family
Exception:  If you are over the age of 55 but under the age of 65, there are "catch up provisions" - you may contribute an additional $1,000 per year for 2010 and 2011.

What is the contribution deadline?
The date on which you file your taxes, usually April 15 of each year.

Are there any changes for 2011?
Yes, the new healthcare legislation will impact HSA's in two ways starting
January 1, 2011:
     - Over-the-counter meds will no longer be considered a qualified medical expense.
     - The penalty for using HSA funds for non-qualifying expenses will increase to 20%.

What expenses qualify for tax-free distributions from my HSA?
See IRS Publication 502 "Medical and Dental Expenses" for a complete list.
We have also created this guide on HSA Qualified Expenses to help you, but please consult your tax advisor whenever you are uncertain.

 

*See our Rate Sheet for current interest rates.