Accounts

Accounts

Checking Accounts

Checking Accounts
Checking Accounts

REGULAR CHECKING

An account that covers all your checking needs.

  • Unlimited check writing
  • Free Online Banking, Bill Pay and eStatements.  Please ask for details on how to enroll
  • No maintenance fee if you maintain an average balance of $200 of more
  • If the average daily balance for the statement cycle falls below $200 during the statement cycle, the following fees will apply:
    • A per debit fee of $0.20 over 10 transactions
    • Maintenance fee of $5.00 per statement cycle
  • VISA Debit Card is Available - If you choose to receive a Visa Debit Card, the following fees will apply:
    • Three (3) free foreign ATM withdrawals per statement cycle; after the third, $1.50 per withdrawal.  $1.50 charge per balance inquiry (you may view your balance at any time at no charge through Online Banking, which you must apply for).
    • No charge at Countryside Bank's ATM’s 
    • Annual Fee of $10.00

    How to Reorder Checks

SENIOR CHECKING

An account for those 50 years of age and above.

  • An account for individuals that are age 50 or over and have a Social Security or retirement check direct deposited.
  • No maintenance or per item fees
  • Unlimited check writing
  • Free Online Banking, Bill Pay and eStatements.  Please ask for details on how to enroll
  • VISA Debit Card is Available - If you choose to receive a Visa Debit Card, the following fees will apply:
    • Three (3) free foreign ATM withdrawals per statement cycle; after the third, $1.50 per withdrawal.  $1.50 charge per balance inquiry (you may view your balance at any time at no charge through Online Banking, which you must apply for).
    • No charge at Countryside Bank's ATM’s 
    • Annual Fee of $10.00

    How to Reorder Checks

STUDENT CHECKING

An account for the student.

  • An account for full time high school or college students (must have 12 or more credit hours).
  • No maintenance or per item fee
  • Unlimited check writing
  • Free Online Banking, Bill Pay and eStatements. Please ask for details on how to enroll
  • VISA Debit Card is Available - If you choose to receive a Visa Debit Card, the following fees will apply:
    • Three (3) free foreign ATM withdrawals per statement cycle; after the third, $1.50 per withdrawal.  $1.50 charge per balance inquiry (you may view your balance at any time at no charge through Online Banking, which you must apply for).
    • No charge at Countryside Bank's ATM’s 
    • Annual Fee of $10.00
  • For students up to 18 years or younger, there must be a parent/guardian on the account

How to Reorder Checks

NOW CHECKING

A checking account that earns interest.

  • Variable interest rate bearing account /interest paid monthly.   See our Rate Sheet for current interest rates.
  • Unlimited check writing
  • $1,000 deposit to open
  • Free Online Banking, Bill Pay and eStatements.  Please ask for details on how to enroll
  • No maintenance fee if you maintain an average daily balance of $1,000
  • If the average daily balance for the statement cycle falls below $1,000 during the statement cycle, the following fees will apply:
    • A per debit fee of $0.20 per debit
    • Maintenance fee of $2.00 per statement cycle
  • VISA Debit Card isAvailable - If you choose to receive a Visa Debit Card, the following fees will apply:
    • Five (5) free foreign ATM withdrawals per statement cycle; after the third, $1.50 per withdrawal.  $1.50 charge per balance inquiry (you may view your balance at any time at no charge through Online Banking, which you must apply for).
    • No charge at Countryside Bank's ATM’s 
    • Annual Fee of $10.00

See our current rates

How to Reorder Checks

Savings Accounts

Savings Accounts
Savings Accounts

CARDINAL ACCOUNT (MONEY MARKET ACCOUNT)

An account that earns more interest.

  • A tiered, variable interest bearing account /interest paid monthly See our Rate Sheet for current interest rates.
  • Free Online Banking, Bill Pay and eStatements
  • No maintenance fee if you maintain an average daily balance of $1,000
  • If the average daily balance for the statement cycle falls below $1,000, a maintenance fee of $2.00 per statement cycle will be charged.
  • Unlimited transfer permitted between accounts of the same depositor at Countryside Bank, if done in person, by messenger, by mail, ATM or to pay loans at the Bank.
  • Transfers to another account of yours or to third parties by means of a  preauthorized, automatic, or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party are limited to six per month.  If an account repeats violation of more than six (6) withdrawals per month, Countyrside Bank may convert the account to a transactional account or close the account.
  • If more than six (6) debits during statement cycle, a $2.00 per debit item will be charged.

REGULAR SAVINGS

A simple account to build your savings.

  • Interest bearing account/paid quarterly.   See Rate Sheet for current interest rates.
  • No maintenance fee if you maintain an averge daily balance of $25.  If the average daily balance for the statement cycle falls below $25 a $1.00 maintenace fee will be charged.
  • Unlimited transfer and withdrawal permitted between accounts of the same depositor at Countryside Bank, if done in person, by messenger, by mail, ATM or to pay loans at the Bank.
  • Transfers to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per month including by check, draft, or similar order to third parties.  If account repeats violation of more than six (6) withdrawals per month, Countryside Bank may convert the account to transactional account or close the account.

Certificate of Deposits (CDs)

Certificate of Deposits (CDs)
Certificate of Deposits (CDs)

CDs offer a wide range of investment terms with a minimal investment account to open.

  • $1,000 minimum investment
  • Investment maturity options of 6, 9, 12, 24, and 48 months
  • Interest compounded and credited quarterly
  • Fixed rate of interest earned during CD term.
  • IRA CDs are automatically renewable and subject to a penalty for early withdrawal
    Our 30 Month CD has the flexibility to step up your rate one time during the life of the Certificate of Deposit.  There is a minimum deposit amount of $5,000 for this CD. A disclosure is available upon request.
  • See our current Rate Sheet for interest rates

Individual Retirement Accounts (IRA)

Individual Retirement Accounts (IRA)
Individual Retirement Accounts (IRA)

We offer Traditional and Roth IRAs in an investment option of a Certificate of Deposit (CD). You’ll enjoy peace of mind with these FDIC-insured products. Our Customer Service Representatives are ready to answer your questions and give you the assistance you need to meet your individual goals. Contact us for more information concerning our IRAs!

IRA Certificate of Deposits

  • Investment maturity options of 6, 9, 12, 18, 24, 30,  and 48 months
  • Interest compounded and credited quarterly
  • Fixed rate of interest during CD term
  • IRA CDs are automatically renewable and subject to a penalty for early withdrawal

See our Rate Sheet for current rates.

Traditional IRA

  • To open, a depositor must be under age 70½ and earn compensation.
  • Annual contribution up to $5,500 or 100% of earned income, whichever is less. Contribution must be coordinated with other IRA contributions to ensure limit is not exceeded.
  • Individuals 50 years of age and above may make additional contributions of $1,000 per year.
  • Contributions may be tax-deductible, depending upon the depositor's income and participation in an employer-sponsored retirement plan.
  • Earnings are tax-deferred until withdrawn; then, the entire distribution - earnings and contributions - is taxable.
  • Distributions before age 59½ are subject to IRS 10% premature distribution penalty, unless the IRA owner dies or becomes disabled, or the funds are used for one of the following purposes: a qualified first home purchase; higher education; eligible medical expenses exceeding 7.5% of adjusted gross income; or eligible medical insurance premiums by qualified unemployed individuals. Funds used for these purposes are taxable.
  • Distributions must begin by age 70½ to avoid IRS penalties.

Please consult a tax advisor for additional information.

See our Rate Sheet for current rates.

Roth IRA

  • To open, a depositor must earn compensation.
  • Annual contribution up to $5,500 or 100% of earned income, whichever is less. Coordinate with Traditional IRA contributions to ensure limit is not exceeded.
  • Individuals 50 years of age and above may make additional contributions of $1,000 per year.
  • Contributions are not tax-deductible.
  • Interest earnings are tax-free in most cases.
  • Distributions are tax-free as long as the IRA has been open for five years and one of the following applies: the withdrawals occur after age 59½ and are substantially equal periodic distributions; the IRA owner dies or becomes disabled; or, the withdrawal is used for a qualified first home purchase, eligible medical expenses exceeding 7.5% of adjusted gross income; or eligible medical insurance premiums by qualified unemployed individuals. Distributions that do not meet these requirements may be taxable and subject to IRS 10% premature distribution penalty.
  • Distributions may be used for qualified higher education expenses if the IRA has been open for five years. Earnings are taxable, but the distribution would not be subject to an IRS 10% premature distribution penalty.
  • No age requirement for beginning distributions

Please consult a tax advisor for additional information.

See our Rate Sheet for current rates.

Health Savings Account (HSA)

Health Savings Account (HSA)
Health Savings Account (HSA)

A tax-advantaged medical savings account.

  • Variable interest bearing account /interest paid quarterly. See our Rate Sheet for current interest rates.
  • No monthly services charge as long as you maintain an average daily balance for the quarter of at least $25.00.  If average daily balance for the quarter falls below $25.00, then a $1.00 maintenance fee will be charged.
  • Unlimited transactions using checks.
  • Monitor you HSA with Online Banking.  You must apply for Online Banking and have a valid email account.

Please consult a tax advisor for additional information.

Benefits of Opening a Health Savings Account:

  • Encourages you to save money for medical expenses
  • Offers Tax Benefits:
    • Tax deductions when you contribute to your account
    • Tax free earnings through investment
    • Tax free withdrawals for qualifying medical expenses.
  • Provides a way for employers to contribute to their employee’s health savings.
  • Allows money to accumulate since unused HSA balances can be carried over from year to year.

HSA Frequently Asked Questions

Who is eligible for a HSA?

  • Customers who are covered by a high-deductible health insurance plan, not yet enrolled in Medicare and are not eligible to be claimed as a dependent on another person’s  tax return.

What are the insurance deductible requirements?

  • For 2015, the deductible must be at least:
    • $1,250 for an Individual
    • $2,500 for a Family

How much can I contribute per year?

  • The maximum contribution amounts for 2015 are:
    • $3,350 for an Individual
    • $6,650 for a Family
    • Exception:  If you are over the age of 55 but under the age of 65, there are "catch up provisions" - you may contribute an additional $1,000 per year for 2014.

What is the contribution deadline?

  • The date on which you file your taxes, usually April 15 of each year.

What expenses qualify for tax-free distributions from my HSA?

  • See IRS Publication 502 “Medical and Dental Expenses” for a complete list.
  • Please consult your tax advisor whenever you are uncertain.