Premier Banks offers various savings accounts to help you reach your
financial goals. Whether you're looking for a regular savings or Money
Market account, we have an option to fit your needs. Start managing your
organizations’ Health Care Costs by implementing Health
Savings Accounts. Contact us to guide your organization to a happier,
healthier future!
| |
Premier Regular Savings |
Premier Uni-Statement Savings |
Premier Money Market Savings |
| Customer Profile |
Always pay yourself first! A small monthly addition
can soon become a significant amount, which can help meet short and
long range goals or save that extra cash for a rainy day. |
Similar to Regular Savings, this account allows you
to receive your statement on a monthly basis along with your checking
account statement. |
Money Market Savers are able to maintain balances
that earn a higher rate of return on larger balances, while still
having immediate access to their funds. |
| Minimum Balance |
$200 |
$200 |
$1500
$1000-Rochester |
| Opening Deposit |
$200 |
$200 |
$1500
$1000-Rochester |
| Monthly Fees |
No fee unless balance falls below $200.00 |
No fee unless balance falls below $200.00 |
No fee unless balance falls below $1,500.00 |
| Interest |
Interest accrues daily on collected balance. |
Interest accrues daily on collected balance. |
Interest accrues daily on collected balance.
The interest rate
is determined by your balance. |
| Statements Sent |
Quarterly |
Monthly, combined with your checking account. |
Monthly |
Contact your business banker, at a location
nearest you, for the most current rates.
| Business Owners Reduce Costs |
Employees Reduce Costs |
Lower Premiums
As employees become more accountable for health costs |
Lower Premiums |
Insulating loss
ratio
Since deductibles are higher, your ratios are insulated. This results
in lower renewal rates on your health plan. |
Tax Savings
- Pre tax contributions
- Tax deferred growth
- Tax free distribution for medical expenses
|
| Rewards health conscious
employees with cost savings. Empowers employees to determine their
level of Health Care, encouraging more efficient use of health benefits. |
Savings on FICA
Tax
Due to pretax contributions to your Health Savings Account
on a payroll deduction basis |
| Reevaluating your health
plan can add value to your bottom line. Enjoy net
premium savings without increasing risk liability |
Employee driven savings
become a benefit to the employee versus the insurance carrier. |
| Employee’s payroll
contribution to HSA ‘s save the employers FICA Tax. Payroll
is lowered by the amount the employees contribute into their savings
accounts. |
Persons Age 55 and up can
contribute a catch up amount of up to $600 per year as of 2005. |
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