Regular Savings

A regular passbook account is an easy way to start your money growing.

• No monthly service charge and no minimum balance

• Six free withdrawals per month ($1.00 charge for each debit over six).

An ATM card is available with this account.

Healthcare Savings Account

A Healthcare Savings Account (HSA) is designed to help customers save for qualified medical expenses on a tax-free basis.

HSA’s were part of the Medicare legislation that was passed into law by President Bush in December 2003 and went into effect January 1, 2004 .  Any individual who is covered by a qualified high deductible health insurance plan may establish an HSA.

HSA’s work like an IRA for healthcare.  Contributions are tax free and interest is tax free.

Despite being called a savings account an HSA is technically a checking account that earns interest.

• Free custom checks

• Monthly bank statements

• Proper reporting to the IRS

• A $10.00 new account set-up charge

• Quarterly maintenance fee per month as follows:

• Balance $0 - $999.99             $3.00

• Balance $1000 – $2999.99     $2.00

• Balance Over $3000               $1.00

For further details and to see if you qualify for an HSA, contact the Cornerstone Bank nearest you.

Christmas Club

We also offer an account to help you put money away for Christmas. Set up an amount to be automatically deposited to your special account each week, month, or pay period. A great way to save for those upcoming expenses!

Please send comments & suggestions to info@cornerstoneconnect.com
Please do not include any personal information, like account numbers, in an e-mail to Cornerstone Bank.
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