Savings

Savings

Kasasa Saver

Kasasa Saver helps you build that nest egg without having to do a thing. And just like with our Kasasa Cash account, if you miss a monthly qualification cycle, there are no penalties--you still earn our base rate of interest, and can get the Saver rate back the very next month!

So, the really high interest on your free Kasasa Cash account or cash back on your Kasasa Cash Back account, PLUS high interest on your free Kasasa Saver account and no minimum balance allows you to sit back, relax and watch your savings grow.

  • 0.75% APY* on balances up to $10,000
  • 0.75% – 0.57% APY on balances over $10,000 depending on balance in account*
  • 0.05% APY* on full balance if qualifications are unmet
  • No minimum balance requirements to earn rewards
  • Never a monthly service fee
  • Automatic deposits from Kasasa Cash earnings (high interest and nationwide ATM fee refunds*)
  • Free online banking
  • Free e-Statements
  • $100 minimum deposit to open
  • Automatic deposits from Kasasa Cash Back earnings (cash back and nationwide ATM fee refunds*)

Qualifications:
You must have a Kasasa Cash or a Kasasa Cash Back account at FNB Barry to open a Kasasa Saver account. You automatically earn the highest Kasasa Saver rate when you meet the monthly Kasasa Cash or Kasasa Cash Back qualifications each month, which are:

  • Have at least 10 debit card purchases post and settle
  • Have at least 1 automatic external payment (ACH) auto debit, direct deposit, or bill pay transaction post and settle
  • Be enrolled and review e-Statement notices or internet banking statements

If you don't meet the qualifications one month...no worries! Your accounts are still free and earn interest at our base rate. And you can get back to earning the full rewards the very next month!

*APY=Annual Percentage Yield. APYs accurate as of 02/05/2013. Rates may change after account is opened. Minimum to open is $100 for Kasasa Saver. For Kasasa Cash, if qualifications are met each monthly qualification cycle: (1) Domestic ATM fees incurred during qualification cycle will be reimbursed up to $20 ($4.99 per single transaction) and credited to account on the last day of monthly statement cycle; (2) balances up to $10,000 receive APY of 2.50%; and (3) balances over $10,000 earn 0.55% interest rate on the portion of the balance over $10,000, resulting in 2.50% - 0.73% APY depending on the balance. If qualifications are not met on Kasasa Cash all balances earn 0.05% APY. Qualifying transactions must post to and settle Kasasa Cash account during monthly qualification cycle. Transactions may take one or more banking days from the date transaction was made to post to and settle account. ATM-processed transactions do not count towards qualifying debit card transactions. "Monthly Qualification Cycle" means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. The advertised Kasasa Cash APY is based on compounding interest. Interest earned in Kasasa Cash is automatically transferred to Kasasa Saver each statement cycle and does not compound. Actual interest amount paid may be less than advertised Kasasa Cash APY. The Kasasa Saver APYs may be less than Kasasa Cash APYs. If qualifications in Kasasa Cash are met each monthly qualification cycle: (1) balances up to $10,000 in Kasasa Saver receive an APY of 0.75%; and (2) balances over $10,000 in Kasasa Saver earn 0.55% interest rate on portion of balance over $10,000, resulting in 0.75% - 0.57% APY depending on the balance. If qualifications are not met on Kasasa Cash, all balances in Kasasa Saver earn 0.05% APY. Transfers between accounts do not count as qualifying transactions. Limit one account per SSN. ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 or higher. If you do not meet the qualifications one month…no worries! Your account is still free and still earns interest at our base rate and you can get back to earning the full rewards the very next month! However, if you do not qualify in your Kasasa account for two or more consecutive months, we reserve the right to switch you into a basic savings account.



Statement Savings

A savings account is a critical step toward financial health and independence. That's why we make it easy to build your nest egg.

This straightforward account requires only $100 minimum balance to waive the $3 service fee. As extra incentive, our interest rate is more than the national average for savings accounts.*

  • Competitive interest
  • Interest compounded and paid quarterly
  • $100 minimum balance to waive $3 monthly service fee**
  • Free online banking
  • Free mobile banking available
  • Free e-Statements available
  • $100 minimum deposit to open

*Source: Bankrate.com.

**Service fee waived for students 21 and younger regardless of balance.

See our current interest rates.



Christmas Club Account

Make sure you are ready for the holidays. Set up automatic transfers so you're constantly building your balance without having to even think about it. This year, give yourself the gift of a happy holiday season without the financial strain!

This is an account designed to help you save year round. Deposit funds all year so when it's time to start that shopping list, you're financially prepared.

Christmas Club Account:

  • Make weekly or monthly payment amounts of your choosing
  • Free auto transfers from another account
  • Receive your Christmas Club direct deposit the week of Veteran's Day
  • No Fees


Money Market Demand Account

Capitalize on greater earnings potential with increased flexibility. Our free money market yields a higher rate on larger balances. Plus monthly compounding interest builds your balance faster.

Convenience is enhanced with the ability to write checks and make online payments directly from this account.

  • No monthly service fee
  • Competitive interest on balances $1,000 and up
  • Premium rate on balances $2,500 and up
  • Interest compounded and paid monthly
  • Direct check writing ability; up to 6 debits per month
  • Free online banking
  • Free mobile banking available
  • Free e-Statements available
  • $2,500 minimum deposit to open

See our current interest rates.



Certificates of Deposit (CDs)

Slow and steady wins the race. Just ask the tortoise. But at FNB Barry, your CD investments don't have to be that slow.

Our CD interest rates are above the national average.* So you not only enjoy risk-free investments with guaranteed returns, you see that growth faster. Boost your earnings today.

  • High interest rates, nearly double national average*
  • Fixed rate locked for length of term
  • Terms from 3 months to 4 years
  • Penalty for early withdrawal
  • Greater rates for longer terms
  • $1000-$5000 minimum deposit to open
  • FDIC-insured investment

See our current interest rates.

*Source: Federal Deposit Insurance Corporation (FDIC), 01/10/11, based on comparison of national average of 1-year CD rates.



Individual Retirement Account (IRA)

While there's no such thing as a free ride, an IRA is your ticket to a secure financial future. We don't charge any setup or maintenance fees at FNB Barry, so maybe there is a free ride after all.

We offer both traditional and Roth IRAs with excellent tax benefits. Fund your future now, while your earning power is at its peak.

Summary

  • Tax-advantaged retirement savings
  • Competitive interest above standard savings rates
  • No setup or maintenance fees
  • $5,000 contribution limit per year
  • Additional $1,000 "catch-up" contribution allowed for ages 50+
  • Funds can be used to purchase Time Deposit Open Accounts within IRA
  • No minimum deposit to open
  • FDIC insured

Traditional IRA

  • No income limits to open
  • Contributions are tax deductible on state and federal income tax*
  • Earnings are tax deferred until withdrawal (when usually in lower tax bracket)
  • Withdrawals can begin at age 59½
  • Early withdrawals subject to penalty**
  • Mandatory withdrawals at age 70½

*Consult with a tax advisor
**Certain exceptions apply, such as healthcare, purchasing first home, etc.

Roth IRA

  • Adjusted gross income must be less than $122,000 to contribute ($179,000 for joint filers)
  • Contributions are NOT tax deductible
  • Earnings are 100% tax free at withdrawal
  • Principal contributions can be withdrawn without penalty*
  • Withdrawals on interest can begin at age 59½
  • Early withdrawals on interest subject to penalty**
  • No mandatory distribution age

*Subject to some minimal conditions.
**Certain exceptions apply, such as healthcare, purchasing first home, etc.

See our current interest rates.



Health Savings Account (HSA)

An HSA is an effective way to provide for your physical health and financial health while reducing your tax payments. That's three life-changing benefits packed into one simple account.

Start saving now to reap the most tax benefit. And the next time you need medical care, you'll have the funds set aside.

  • Contributions are tax free or tax deductible*
  • Interest grows tax free
  • Withdrawals are tax free when used for qualified medical expenses**
  • Money rolls over year-to-year automatically
  • HSA is owned by you, not employer
  • Low $25 annual fee
  • Easy withdrawal access by check, online, teller
  • $25 minimum deposit to open
  • FDIC insured

Eligibility

  • Must be covered under a qualified, high deductible health plan
  • Must not have coverage by another type of health plan
  • Cannot be claimed as a dependent on another person's tax return
  • Cannot be enrolled in Medicare

Contribution Limits

Contribution limits are set by the IRS. Current 2011 contribution limits are:

  • $3,050 for a single person
  • $6,150 for a family
  • A person age 55 or older may make an additional $1,000 in "catch-up" contributions

See our current interest rates.

*Direct deposit contributions from paycheck mean that portion of your income is not taxed. If contributions are made after income was taxed, the amount deposited is tax deductible.

**Withdrawals for non-qualified medical expenses are subject to income tax and a 10% penalty. The 10% penalty is waived for persons 65 and over or who have become disabled.