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Savings, Money Market &
Health Savings Accounts

Saving for the future, a specific goal or to meet unexpected expenses is an important part of your financial planning. Penn Security Bank offers traditional savings accounts, money market accounts, certificates of deposit, club accounts (both holiday and vacation), IRA accounts and health savings accounts.

 

Savings Options

Statement and Passbook Savings Accounts 

Statement Savings

A great way to save and, at the same time, have easy access to your funds and peace of mind knowing your deposits are protected with FDIC insurance.  

Details

  • Interest is accrued daily and posted quarterly to your account
  • ATM access
  • Quarterly statement
  • $2 monthly fee if minimum balance falls below $100
  • FDIC insured up to $250,000 per depositor

Easy Savings 101

Easy Savings

With this account you choose the targeted dollar amount you wish to save and determine how much you can save on a weekly or monthly basis. We'll calculate a term for the account and set up an automatic transfer from your primary Penn Security Bank checking account or from an account at another financial institution into your Easy Savings 101 Account.

Details

  • Customer chooses goal and  term
  • Available terms -- 24 to 84 months
  • All deposits made through automatic transfers
  • Interest is credited and compounded annually to your account
  • Monthly statement
  • FDIC insured up to $250,000 per depositor

Holiday and All-Purpose Clubs 

Holiday Savings

Allow you to save year-round for holiday shopping or that perfect vacation getaway.                                                                                                             

Details

  • Automatically transfer payment from your checking or savings account 
  • Choose payment option and schedule
  • $5 fee assessed for early withdrawal
  • Club proceeds are directly deposited into your Penn Security Bank account at club maturity

 

Money Market Accounts 

Earn a competitive rate of interest with the ability to write a limited number of checks. Earn tiered interest rates on FDIC insured accounts.

New Century Money Market Account

Money Market

An account similar in purpose to a savings account, but paying a market rate of interest.                                                                                                        

Details

  • $1,000 minimum initial deposit to open account
  • Interest is credited monthly to your account
  • Easy access to your money with check writing convenience (Federal regulations limit check writing on this type of account to no more than six per month)
  • No monthly service charge unless your balance falls below $1,000

 

Health Savings Account (HSA)

HSA father and son

A Health Savings Account is a tax-advantaged personal savings account that individuals can use to save and pay for qualified health expenses, now or in the future. This account must be paired with a high-deductible health plan.

Maximize your health care dollars today with a Health Savings Account. Please call any office of Penn Security Bank or contact our HSA Coordinator at 570.346.7741 x2313.  

For more information DOWNLOAD our Health Savings Account brochure.                                                                                                      

 

FDIC ENTER HERE for the latest information regarding FDIC Insurance and our participation in the FDIC's Transaction Account Guarantee Program.