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Personal Savings

Regardless of the state of the economy, itís vital to save for the future. Whether itís your childís first savings account or youíre investing money for retirement, ESB has a savings option to meet your needs.

Savings Account

  • $25 to open
  • 3 withdrawal transactions allowed per quarter ($1 per withdrawal over 3)
  • Interest compounded quarterly
  • Statements issued quarterly
  • $25 daily balance waives $5 monthly fee

Certificates of Deposit (CDs)

  • 6 to 60 month terms available

Christmas Club

  • Customer makes 49 deposits, we pay the 50th
  • Coupon book or automatic transfer from account
  • Weekly deposits may range from $1 to $25

Traditional IRA

  • Tax deductible contributions (depending on income level)
  • Withdrawals begin at age 59 1/2 and are mandatory by 70 1/2.
  • Taxes are paid on earnings when withdrawn from the IRA
  • Available to everyone; no income restrictions
  • All funds withdrawn (including principal contributions) before 59 1/2 are subject to a 10% penalty (subject to exception).

Roth IRA

  • Contributions are not tax deductible
  • No Mandatory Distribution Age
  • All earnings and principal are 100% tax free if rules and regulations are followed
  • Available only to single-filers making up to $95,000 or married couples making a combined maximum of $150,000 annually.
  • Principal contributions can be withdrawn any time without penalty (subject to some minimal conditions).

Money Market

  • $2,500 minimum to open
  • 6 debit/withdrawal transactions per month (15 cents per debit over 6)
  • Tiered interest rates at: $2,500; $25,000; and $50,000
  • Interest compounded daily and added to account monthly
  • $2,500 daily balance waives $7.50 monthly fee

Online Banking

ESB Locations & Hours

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