Individual Retirement Accounts (IRA)

Traditional

no minimum balance to open account
quarterly statements
no monthly service charge
tax-deferred until withdrawal
contributions are tax-deductible
interest is compounded daily and paid quarterly

Roth

no minimum balance to open account
quarterly statements
no monthly service charge
tax free withdrawal if certain conditions are met
interest is compounded daily and paid quarterly

Coverdell Education Savings Accounts (CESA)

no minimum balance to open account
quarterly statements
no monthly service charges
tax deferred
no penalty for early withdrawal if for qualified education expense
interest is compounded daily and paid quarterly

Please see on Current Rates for more information.

Heritage Community Bank is participating in the FDIC’s Transaction Account Guarantee Program. Under that program, through December 31, 2012, all noninterest-bearing transaction accounts and Lawyers Trust Accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC’s general deposit insurance rules.