Savings, CDs, & IRAs

Savings & Club Accounts | Certificates of Deposit | Retirement Plans

Youth Accounts:  The U Club | Dollar the Dragon

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Savings & Club Accounts

STATEMENT SAVINGS ACCOUNTS

  • Interest is earned daily on all accounts
  • Interest is credited and compounded quarterly at the prevailing rate
  • Maintaining a minimum balance of $100.00 avoids a $2.00 monthly service charge
  • All account history and balances are detailed on your monthly statement
  • HNB eDocs Statements & Notices available
  • Statement can be combined with your Checking Account Statement
  • Accrued interest to date is not paid on accounts closed prior to quarter end

HOLIDAY, VACATION OR ALL PURPOSE CLUBS Make systematic deposits to your club account by Automatic Funds Transfer from another HNB deposit account. Interest is earned at the prevailing club rate (higher rates are paid on AFT deposit clubs).

  • Holiday Club checks are issued in early October
  • Other club checks are issued upon your request.
  • Fees are assessed for early withdrawals or premature closing of the club account.

Certificates Of Deposit (CDs)

Invest in a CD for any term from 30 days to 5 years. Rates are determined according to the length of the investment. $1,000 minimum investment amounts. Annual percentage yields must be quoted when giving rates. Early withdrawal penalties apply.

HNB Flex CD – Flex your financial muscle and invest in a Flex CD. This is a Certificate of Deposit that allows deposits, one rate adjustment and one penalty free withdrawal during the term.

To help you decide which CD will best meet your needs, take The Honesdale National Bank One-Minute Certificate of Deposit Test. Then request a CD quote from one of our Customer Services Representatives today at (800) HNB-9515

Retirement Plans

Save for your retirement with a Regular or Roth Individual Retirement Account (IRA) or Rollover your current plan to HNB. We also have Simplified Employee Pensions (SEP) and 401K options available for the self employed or business clients.

Individual Retirement Accounts (IRA) -
An IRA is the perfect way to provide for financial security in your retirement years. Your IRA contributions grow tax deferred for the future and may save you tax dollars now. Rates are determined by the term of the investment.Open your IRA for as little as $50.00 and we will help you establish a systematic deposit plan. Let us assist you with transferring the proceeds from an existing qualified pension or IRA plan to HNB (Rollover).

Roth and Self-Directed plans are also available. Please contact a Customer Service Representative regarding annual percentage yields and early withdrawal penalties. Consult your accountant regarding tax deduction eligibility. IRA’s are insured by the FDIC separately from other accounts you may have at HNB.

If your employer provides for retirement with a Simplified Employee Pension (SEP), you have the choice of where and how the contribution is invested. If the SEP is at another institution, you can instruct that the contributions be made to your IRA account at HNB.

Is an IRA Right For You? Take The Honesdale National Bank One-Minute IRA Test and find out. Then call one of our customer service representatives today at (800) HNB-9515 .

Self Employed or without a retirement plan at work?
We’d be happy to speak with your employer about a Simple IRA, SEP or a 401K! Check out the options here on our Business Retirement Plans page.