FREE Online Banking
FREE Text Banking
FREE Mobile Banking
FREE E-Statements
Product Description
Monthly Fee
Monthly Fee
Monthly Fee Waived
Monthly Fee Waived
Interest
Interest
Minimum to Open
Minimum to Open
Direct Deposit Required
Direct Deposit Required
Checks
Checks
Debit Card
Debit Card
Online Banking
Online Banking
Bill Pay
Bill Pay
E-Statements
E-Statements
No Overdraft Fees
No Overdraft Fees
Smart Savings
Ideal for young customers who are learning the value of saving or for customers who wish to have quick access to their deposits.
Smart Because
No Monthly Fee
N/A
Yes Interest*
$25
No Direct Deposit
No Checks
Yes Debit Card
N/A
N/A
N/A
N/A
Money Market
The Money Market Account is the ideal product for customers who maintain a balance of $2,500 or more and want the perk of earning competitive interest while maintaining the freedom to instantly access their cash.
Smart Because
Yes Monthly Fee
Yes Monthly Fee Waived
Yes Interest**
$50
No Direct Deposit
Yes Checks
Yes Debit Card
N/A
N/A
N/A
N/A
* Interest is compounded quarterly and credited to the account
** Money Market and Premium Gold Money Market accounts earn interest on all balances with tiered rates, compounded monthly
*** Interest is compounded every month and credited to your account
1Earn a bonus of .50% above our published savings rate with an automatic monthly transfer of $10 or more from our Smart Checking account into a Smart Savings account.
Town & Country Bank offers three different IRA plans for customers to choose from, so investing can be tailored to fit your individual needs.
Smart Because
- Minimum to open is $100
- This is a custodial account for an individual with earned income
- Grows tax-free, but disbursements are subject to tax
- Deposits can be up to $6,000/year and $7,000/year for those age 50 and over effective 20201
- Interest is compounded quarterly
- Disbursements can begin at age 59 1/2
- IRAs can be transferred from other institutions at no charge
- Disbursements can be made before retirement age for qualified reasons2
- IRA certificates can be automatically renewed
- Minimum to open is $100
- Funds invested are after tax dollars
- Grows tax-free and disbursements can be tax-free
- Contributions are not tax deductible
- Deposits can be up to $6,000/year and $7,000/year for those age 50 and over effective 20201
- Interest is compounded quarterly
- Disbursements can be made before retirement age for qualified reasons2
- IRA certificates can be automatically renewed
1The limits may be adjusted for inflation in future years. 2Unqualified and early withdrawals from IRA’s may be subject to tax and interest penalties. Consult with a tax advisor.
The Coverdell Education Savings Account (CESA) is a great way to save for educational expenses during college and before
Smart Because
Features
Health Savings Accounts (HSA) are a new type of savings account with great tax advantages.
Smart Because
Features
1 You have 90 days from the date of account opening to reach the $750 minimum balance required to avoid the $3.00 monthly service fee. 2The limits may be adjusted for inflation in future years. Check with your insurance provider to be certain the high-deductible plan you are considering is HSA qualified. Tax penalties could occur if funds are used for non-qualified expenses.
A Certificate of Deposit is our most popular investment product because deposits are safe, invested locally, and FDIC insured.
Smart Because
Features
- Competitive rate of return
- Low minimum deposit requirement of only $1,000
- Competitive rate of return
- The flexibility of several CD options with different rates, maturities and compounding policies
- Interest on a CD can be paid out or reinvested back into the CD
- Interest can be deposited directly into any Town & Country Bank account
- CDs are automatically renewable at maturity
This CD is ideal for those starting to invest with lower balances they are intent on growing to achieve their goals
Features
- Initial deposit as low as $250
- 15 month variable rate Certificate of Deposit
- Competitive rate of return that may change quarterly Interest is compounded monthly and automatically added to your CD
- Add to the balance anytime you like with a minimum deposit amount of $25
- Auto transfer is available from your Town & Country checking or savings
Select your financial calculator below to begin.
One or more of the fields is not filled out.
The date you have entered is invalid!
The amount of time is too large to compute!
The amount is too large to compute!
Percentages cannot exceed 100
Your down payment exceeds the home price
Which is better, a Traditional IRA or a Roth IRA? Traditional IRAs offer tax-deferred earnings and tax-deductible contributions. Roth IRAs offer tax-free earnings, but contributions are not deductible.
Use this calculator to compute the amount you can save in a tax-deferred Traditional IRA. Contributions to your Traditional IRA are usually tax deductible now, but you pay taxes when you withdraw the funds in retirement.
Use this calculator to compute the amount you can save in a Roth IRA where you pay taxes on your income now, but withdraw the funds tax-free in retirement. Because this is a Roth IRA, your contribution limit is after taxes and your effective contribution limit is higher than a Traditional IRA. This calculator allows you to enter your annual deposit amount in "Before Tax" dollars so that the after tax deposit amount is automatically computed for you.
The monthly payment calculated factors in both the principal and interest. It does not factor in other mortgages costs such as annual property tax, HOA fees, PMI, etc.
These financial calculators are made available as tools for your independent use. We cannot and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek advice from qualified professionals regarding personal finance issues.
