Certificates of Deposit (CDs)
A Waukesha State Bank CD is a great choice for your longer-term savings and investment objectives. We offer a variety of options to meet your needs.
- Competitive rates
- Terms from 1 month to 7 years
- Get started for as little as $500
- Interest Reinvestment and Payment Options
- Available as a secure investment option for your IRA
Individual Retirement Arrangements (IRAs)
We have the IRA options to help you meet your specific financial goals and retirement investment objectives. Our friendly Personal Bankers can assist you with an IRA or 401(k) rollover, or get you started with a new IRA savings program for as little as $1.00.
The following Waukesha State Bank IRAs have no account maintenance fees and are insured by the FDIC up to $250,000. You can choose from competitive fixed rates, variable rates and tiered money market account options.
- Traditional IRAs
- Roth IRAs
- Simple IRAs
Waukesha State Bank also offers additional IRA investment choices, self-directed IRA options and IRA funds management advisory services through:
|Not FDIC Insured||Not Bank Guaranteed||May Lose Value|
|Not Guaranteed by any Government Agency||Not a Bank Deposit|
Visit Retirement Central for practical ideas you can apply today to help you achieve financial security in retirement.
Health Savings Account (HSA)
Waukesha State Bank’s Health Savings Account offers the most competitive product available in the marketplace today, including:
- No set-up fees
- No monthly maintenance fees
- Only $1 required to open
- Great interest rate on any balance
- Debit Mastercard® access
- Free Online Banking
- Unlimited check writing
Why an HSA?
With an HSA, you can pay for qualified medical expenses – tax-free. In combination with a high-deductible health insurance plan (HDHP), HSAs allow you to manage your health care costs with greater control, saving you time and money.
You must have coverage under an HSA-qualified "high deductible health plan" (HDHP) to open and contribute to an HSA. Generally, this is health insurance that does not cover first dollar medical expenses.
H SAs provide triple tax savings:
- Ta x deductions when you contribute to your account
- Tax-free earnings through investment
- Tax -free withdrawals for qualified medical expenses
Any contribution amount left over at the end of the year can remain in the account for future medical expenses.
Catch-up contributions are available for those ages 55 and older. Contribution limits change on an annual basis.