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Savings Accounts

Who says saving money is complicated? At Anchor Bank, we know that some people need a savings account for a rainy day, while others prefer an account that will take them through retirement. At Anchor Bank, we offer an attractive range of savings products.
 
That is why we have designed savings products that meet your needs.

No matter which account you choose, you will automatically receive:

  • FDIC Insurance to $250,000.00 per account ownership type
  • 24 Hour Telephone account inquiry  
  • Free Travelers Checks
  • Online Banking Access To Your Accounts

Money Market Accounts

A money market account can be opened with as little as $1,000.00. Interest rates are tiered based upon the account balance.

Key Benefits:

  • No monthly service charge on the TradeWind Money Market Account if balance in primary checking account is $500.00 or more during statement cycle
  • 24 hour telephone account inquiry
  • Tiered rate structure

At Anchor Bank we take pride in helping customers make a savings program a regular part of their financial plan. To assist you in maximizing your savings goals, we offer a variety of FDIC insured plans.

Health Savings Accounts

A health savings account (HSA) allows you to pay for your current health care expenses and to save for future qualified health expenses on a tax-free basis.  You must be an eligible individual to qualify for an HSA.  No permission or authorization from the IRS is necessary to establish an HSA.

Please click a link below to find information relating to a specific HSA topic:

For a printer-friendly PDF file click here!


IRA's - Retirement Accounts

It's never too early to be thinking about your retirement. You may even be looking forward to doing some traveling and visiting the family or buying that special retirement home you have been dreaming of. You may want to invest in more than just a 401(K) or employer sponsored retirement plan.

You can increase your retirement savings by investing in an IRA (Individual Retirement Account). Let Anchor Bank help you reach your goals. Anchor offers two types of retirement accounts - Traditional and Roth.

Anchor can help you get started on reaching your retirement goals. Anchor's Growth IRA 24 month certificate of deposit is an easy way to ease the pressure of last minute IRA contributions. The Growth IRA allows for automatic monthly contributions of as little as $25.00 from an Anchor checking account. What's great about this IRA account is you can open it with as little as $50.00 and with the automatic contribution set up your rate will be increased by .25%

 

For more information on IRA's and Tax preperation visit:

http://www.irs.gov/pub/irs-pdf/p590.pdf


Certificates of Deposit

Certificate of Deposits (CDs) are among the most popular investments available. They allow you to invest in a variety of short or long term products without a loss of principal or income.

When you invest in a CD from Anchor Bank, you receive a commitment from us to pay you a rate of interest over a fixed period of time. You may select from a variety of certificate products. Some CDs pay a fixed rate while others allow your investment to earn a rate based on market conditions. You have the option of allowing your interest to stay in the account and compound or be transferred to another account.

CD's are a safe, flexible and easy to understand investment. There are no sales commissions or management fees to reduce your principal and you always know how much interest you will be paid. Your deposit is insured up to the limits established by the FDIC. To calculate your coverage please click here to visit the FDIC's Electronic Deposit Insurance Estimator (EDIE). Our New Account Representatives can show you how you can insure your investments for more than this amount.

Terms from 30 days to 96 months.


 We strive to deliver ‘Banking beyond the ordinary’ every day.

For more information call or visit any Anchor Bank location or call us at 360-532-6222 or toll-free at 800-562-9744 for a quote and application package.

Find a Branch Location near you: Click Here