Savings coins in jars
Save money without any effort! When you use your debit card either as credit or debit you will be charged the amount of the transaction plus the amount rounded to the next whole dollar.
Example: Purchase a candy bar and a drink for $2.58. You would see this purchase on your statement as $2.58. Then 42 cents would transfer to your savings account for a total amount of $3.
PennyWise will not allow your account to be overdrawn to round up to the nearest dollar. The round up will not occur.
Please stop at any of our locations to sign up for PennyWise Plus Savings!
Interest Rate Tier Options Available for Balances in Tiers of:
$2,500 – $5,000
$5,001 – $10,000
$10,001 – $20,000
$20,001 – Over
(No More that Six Transfers and Withdrawals per Monthly Statement Cycle. $10 per Item Excessive Debit Charge Over Six.)
We offer a variety of Certificates of Deposits ranging from terms of 12 to 60 months. The minimum balance to open an account and obtain the APY (Annual Percentage Yield) is $1,000. APY is based on monthly compounding and assumes the interest remains on your account for the term of the Certificate. Rates are subject to change without notice. Early withdrawal penalties apply. No Brokered Deposits. Please call one of our locations for specific term and interest rates.
We offer Traditional or Roth Individual Retirement Accounts (IRA).
Traditional IRA allows you to defer taxes on the earnings on your contributions until they are withdrawn. Also, certain contributions are tax deductible in the tax year for which you take them.
Roth IRA allows only nondeductible contributions and features tax-free withdrawals for certain distribution reasons after 5 years. Roth IRA contributions are nondeductible and taxed in the year they are earned.
IRAs range in terms of 12 to 60 months and have a minimum opening deposit of $1,000.
Please contact one of our offices for more information on Traditional and Roth IRAs and for specific term and interest rates.