Health Savings Account
A Health Savings Account works with a High Deductible Health Care Plan to allow you and your employees to make contributions and accumulate earnings tax fee. Distributions are also tax fee as long as funds are used for qualified medical expenses. When you need to cover medical expenses, you can either pay by check or use an EMV Debit Card.
Certificate of Deposit
If you’re able to deposit funds for a specific period of time, a Community Bank CD provides a fixed interest rate for the term of your CD. Upon maturity, we provide a grace period of 10 calendar days before your certificate will automatically renew. The rate adjusts to the current interest rate upon maturity. Terms vary.
At Community Bank, we offer a variety of IRA accounts to help you and your employees save for retirement. This includes Traditional and Roth IRAs and SIMPLE or SEP IRAs. In addition, if you or your employees have funds in qualified plans that you would like to roll into an IRA, we can help.