There's no time like the present to start thinking about how your money can work for you. Whether you are looking to set a little money aside for a rainy day or looking to secure your financial future, State Central Bank offers a wide range of savings plans. We feel confident you will find one that best suits you.

Regular Savings Account

An account that requires no minimum deposit to open.

• Interest is paid on the daily average collected balance
  
• No service charge when average collected daily balance is $50
  
• May be accessed with an ATM card
  
• Accessible with Debit Cards linked to an SCB Checking account
  
• Allows 12 withdrawals per calendar quarter at no charge (Certain limitations apply.)
  

Golden Passbook Account

An account that is more flexible than a certificate of deposit for short-term investment.

• Requires $2,500 to open and a $2,500 average collected daily balance
  
• Earns a higher interest rate than the regular savings account
  

Young Dreamers Account

A savings account for people under the age of 18 and/or attending college or in the military.

• Earns interest on the average collected daily balance and paid quarterly.
  
• May be accessed with an ATM card
  
• Accessible with Debit Cards linked to an SCB Checking account
  
• Allows 12 withdrawals per calendar quarter at no charge
  

Christmas Club

A short term savings plan to offset holiday expenses.

• For any budget-choose a $1, $2, $3, $5, $10 or $20 club
  
• Automatic payments can be made from your checking or savings account
  

Health Savings Account (HSA)

A tax-free savings account to pay for qualified medical bills.

• Contributions are tax deductible
  
• Earnings are tax free
  
• Tax-free withdrawals for qualified medical expenses
  
• Available to persons who meet the following criteria:

1. Covered by a high-deductible health plan 

2. Are not enrolled in Medicare

3. Are not claimed as a dependent on another's tax form

Certificates of Deposits

Regular CD

Select various CD maturities ranging from 91 days to 60 months

• Rates are competitive based on the current market
  
• Minimum investment required
  
• Guaranteed interest rate through out term of the certificate
  
• Interest can be disbursed in one of three ways:
  

1. As an interest check

2. Deposited into a checking or savings account

3. Added back semi-annually/quarterly (at maturity for a 91-Day CD)

Budget Master CD

A 10 month CD requiring a $1,000 minimum deposit

• Interest is paid monthly into a checking or savings account
  
• Guaranteed fixed interest rate throughout term of certificate
  
• Not renewable