Helping You Save at VisionBank

VisionBank offers a variety of ways for you to save. From low opening personal deposits to higher interest earning money market accounts and CDs, VisionBank can help you achieve your savings goals.

Personal Saving Accounts

Savings accounts with VisionBank offer several ways to reach your financial goals – whether they include a major purchase, that long-anticipated vacation or a rainy-day fund. Personal (standard) Savings accounts are our most popular choice and require a $50 opening deposit. Check current interest rates

Advantages of Personal Savings Account

  • Competitive interest
  • No monthly service fee

Money Market Savings

With a Money Market Savings account, you can take advantage of a competitive tiered interest rate based on your account balance. There is a small fee if the balance falls below a minimum average daily balance of $1,000 for the monthly statement cycle.

Transfers from a Money Market Savings Account to another account or to third parties by preauthorized, automatic or telephone transfer are limited to six per statement cycle including checks, draft or similar order to third parties. Withdrawals made by mail, ATM or in person are unlimited. A per withdrawal fee may be charged for each withdrawal in excess of six during a statement cycle.

Money market accounts are insured by the Federal Deposit Insurance Corporation.

Advantages of Money Market Savings

  • Higher interest rate than personal savings account
  • Write checks off money market savings accounts

Certificate of Deposit

A Certificate of Deposit (CD), is a type of federally insured savings account that has a fixed interest rate and fixed date of withdrawal, known as the maturity date. CDs offer higher interest rates than typical savings accounts and they have no monthly fees. CDs can also be opened as Individual Retirement Accounts (IRAs).

VisionBank offers a wide range of term lengths, but the standard range is between three months and five years.

Benefits of a Certificate of Deposit

  • Higher interest rate than money market or savings accounts
  • Can be Opened as an IRA for Tax Benefits and Retirement

Check current interest rates.

Health Savings Account

A Health Savings Account (HSA) is an excellent way to save money tax-free, pay health plan deductibles and non-covered health expenses, while providing for future health-care costs as well.

* Please consult your tax advisor for guidance on and usage of a Health Savings Account.

Benefits of an HSA

  • Contributions you make are tax deductible, or if made through a payroll deduction, they are pretax. If your employer makes a contribution, there is also no tax to the employer.
  • All interest earned is tax-free.
  • All withdrawals are tax-free if used to pay qualified medical expenses.
  • HSA accounts are portable—you keep them even if you change jobs or quit working.