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IRAs & HSAs

Individual Retirement Accounts (IRA)

Savings Bank of Walpole offer three types of Individual Retirement Accounts (IRAs):

  • Traditional IRA
  • Roth IRA
  • Simplified Employee Pension Plan (SEP)

IRA's are available in the form of CD's or Savings and allow for internet banking access.

Featured CD Rates

as of 1/18/2017 at 3:11 PM

Term Minimum Balance
to Open & Earn Interest
Interest Rate Annual Percentage Yield
View all rates and disclosures »
3 Month $2,500 0.20% 0.20%
6 Month $1,000 0.25% 0.25%
1 Year $500 0.30% 0.30%
18 Month $500 0.40% 0.40%
2 Year $500 0.50% 0.50%
3 Year $500 0.75% 0.75%
5 Year $500 1.19% 1.20%

Featured Savings Rates

as of 1/18/2017 at 3:11 PM

Product Minimum Balance
to Earn Interest
Interest Rate Annual Percentage Yield
View all rates and disclosures »
Regular Savings $100 0.10% 0.10%
Regular Savings $2,500 0.10% 0.10%
Regular Savings $20,000 0.10% 0.10%
Regular Savings $50,000 0.10% 0.10%
Regular Savings $100,000 0.10% 0.10%


Coverdell Education Savings Accounts(CESA)

Customers may choose from an IRA Certificate of Deposit or an IRA Savings account for their investments. See our Certificate of Deposit or Savings account page for current rates. Call to speak with a Retail Banker for additional information.

Consult your tax advisor or IRS Publication 590 to determine what type of IRA is right of you. Contribution limits, withdrawal restrictions and term changes may vary depending on age. Publication 590 can be found at your local post office or online at http://www.irs.gov


Health Savings Accounts (HSA)

Savings Bank of Walpole offers Health Savings Accounts (HSAs) to help save for current and future medical expenses in an interest bearing checking account. These accounts allow for payment of expenses by issuing a check (online pay bill or standard check) for qualified expenses.

Account advantages:

  • Interest earnings on your funds
  • Free online access to view funds, issue checks through bill pay
  • No minimum balance requirement
  • Qualifying health expenses paid from HSA may be tax free (depending on specific state taxes)
  • Unused funds remaining at year end can carry over to following year(s)

Call to speak with a Retail Banker for additional information and to determine if you meet the qualifications to open and/or make contributions to a Health Savings Account.

Additional information can be obtained by consulting your tax advisor or consulting IRS Publication 969.

Featured Health Savings Account Rates

as of 1/18/2017 at 3:11 PM

Product Minimum Balance
to Earn Interest
Interest Rate Annual Percentage Yield
View all rates and disclosures »
NOW $100 0.05% 0.05%
NOW $2,500 0.05% 0.05%