1st Addition Money Market
Regular Money Market
Passbook Savings
Christmas Club Savings
Certificates of Deposit
IRA – Individual Retirement Arrangement

1st Addition Money Market

This is our premium Money Market Account. The 1st Addition Money Market can be opened with a $10,000.00 deposit, pays a competitive rate of interest (click here for current interest rates) and keeps your money fully liquid. The interest rate is reviewed and may be adjusted weekly with a monthly deposit of interest directly into your account. Maintain a minimum daily balance of $10,000.00 or more and the monthly service charge of $10.00, will be waived. If the account balance falls below $10,000.00 the interest rate will drop and the monthly service charge will be drawn from your account on the last business day of the month. Please remember the following Money Market Limitations: The minimum amount you may withdraw at any time is $500.00. You may not make more than six (6) transfers and withdrawals from your account per month by means of a preauthorized or automatic transfer or telephone (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order payable to third parties. However, you are allowed unlimited deposits and withdrawals in person or by mail. We will provide a monthly statement including images of your checks and deposits for your convenience. Please review your statement and balance your account monthly. Maintain a $2,000.00 balance in any Headwaters State Bank deposit account and receive one box of complimentary money market checks when you order your checks directly from us at the Bank.

Regular Money Market

The Regular Money Market Account can be opened with $2,500.00, pays a competitive rate of interest, which is credited monthly (click here for current rates) and can provide easier access to your money than a passbook savings. Maintain a minimum daily balance of $1,000.00 or more and the monthly service charge of $10.00, will be waived. If the account falls below the minimum daily balance requirement, your interest rate will drop and the monthly service charge will be drawn from your account on the last business day of the month. We will provide a monthly statement including images of your checks and deposits for your convenience. Please review your statement and balance your account monthly. Maintain a $2,000.00 balance in any Headwaters State Bank deposit account and receive one box of complimentary money market checks when you order your checks directly from us at the Bank. Please remember the following Money Market Limitations: The minimum amount you may withdraw at any time is $500.00. You may not make more than six (6) transfers and withdrawals from your account per month by means of a preauthorized or automatic transfer or telephone (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order payable to third parties. However, you are allowed unlimited deposits and withdrawals in person or by mail.

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passbook savings

Passbook Savings is a great way to begin saving for a special purchase or a rainy day. The Passbook Savings can be opened with a $50.00 deposit, has no monthly service charge and pays a competitive rate of interest however anytime it is below the $50.00 minimum balance requirement the account will earn no interest. (click here for current interest rates). Interest will compound quarterly and will be credited to your account on a quarterly basis. As an added incentive for our young savers, Headwaters State Bank offers a complimentary piggy bank for any new Passbook Savings account opened for a child 12 years or younger. Accounts opened for minor children may be established as WUTMA (Wisconsin Uniform Transfer to Minor Account) or as joint accounts with their parent(s) or guardian(s). Please remember the following Savings Account Limitations: You may not make more than six (6) transfers and withdrawals from your account per month by means of a preauthorized or automatic transfer or telephone (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order payable to third parties. However, you are allowed unlimited deposits and withdrawals in person or by mail. If a savings account is the only account you maintain at Headwaters State Bank you will be charged a $5 check cashing fee if the balance in the account is less than $200 at the time of check presentment.

Note: Headwaters State Bank will not establish an individual account for a minor child.

christmas club savings

Make Christmas shopping a pleasure each year by opening a Christmas Club Savings. Setting a goal and saving a set amount each week will put you ahead of the game when it comes time to start your Christmas season.

New Club accounts may be opened between November 1, 2015 and March 31, 2016
Interest bearing account: Interest rate currently 1.00% with an Annual Percentage Yield (APY) of 1.00%
Interest is credited annually
A mandatory distribution will occur on the third Friday of October of each calendar year by check or direct deposit
Make deposits of a set amount in person or transfer funds automatically from another HSB account
Open with as little as $1.00
Deposit up to $3,000.00 each year
One Christmas Club Savings per tax identification number

You can open your account with as little as $1.00 and make deposits of any amount up to $3,000.00. The current Interest rate for this account is 1.00% with an Annual Percentage Yield (APY) of 1.00%. Withdrawals are prohibited. If you close the account before interest is credited, you will not receive the accrued interest.

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certificates of deposit

Time Deposits, also known as, Certificates of Deposit or CDs, are a great way to help your money grow in a safe reliable way. The Certificate of Deposit can be opened with a $1,000.00 deposit and is a termed contract between Headwaters State Bank and the depositor. The CD establishes a fixed rate of return on the investment provided the contract is honored until the maturity date. We offer competitive rates and guaranteed returns on your investments. Ask about automatic renewal for your convenience. Interest earned on your CD can be reinvested to meet the Annual Percentage Yield (APY) or you can receive a check or direct deposit of your interest into your Headwaters State Bank deposit account. Early withdrawal penalty may apply for Certificates of Deposit closed prior to the maturity date on the CD contract and penalties may reduce earnings. CD terms range from 3 months to 5 years. (click here for current interest rates and term options.)

ira

You've worked hard to earn it, now put your money to work for you! Whether you are saving for retirement, 1st time home buying, continuing education or another qualified IRA expense, let Headwaters State Bank help your money grow. Always consult your Tax Advisor or Accountant prior to setting up your IRA. They can let you know if you qualify and if so, how much to contribute and to which type of IRA.

See our Customer Service Staff to assist you in Rollovers from 401K or other retirement plans. We can help you transfer your existing IRA from another Financial Institution as well. If it's time to shift gears we can help you Re-characterize your IRA with just a few easy steps.

Traditional vs. Roth (click here to compare)

Roth IRA (click here to compare)

Coverdell Education Account (click here to learn more)

Once you have been advised as to which type of IRA will serve you best, you can select the IRA CD term for your deposit. IRA CDs require $500.00 to open and provide a range of deposit terms of 3 months to 5 years. Automatic renewal is available for your convenience.

SIMPLE IRA (SAVINGS INCENTIVE MATCH PLAN) (click here to learn more)

IRA SAVINGS Don't have $500.00, no problem, take a look at our IRA Savings account. You can open a Traditional, Roth, Coverdell or SIMPLE IRA with as little as $50.00. This is a great way to get started and the IRA Savings can receive any size deposit at any time. Annual contribution limits as set forth by the IRA do apply. Always consult with your Tax Advisor or Accountant prior to establishing your IRA.

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	1st Addition Money Market Regular Money Market Passbook Savings Christmas Club Savings Certificates of Deposit IRA – Individual Retirement Arrangement 1st Addition Money Market This is our premium Money Market Account. The 1st Addition Money Market can be opened with a $10,000.00 deposit, pays a competitive rate of interest (click here for current interest rates) and keeps your money fully liquid. The interest rate is reviewed and may be adjusted weekly with a monthly deposit of interest directly into your account. Maintain a minimum daily balance of $10,000.00 or more and the monthly service charge of $10.00, will be waived. If the account balance falls below $10,000.00 the interest rate will drop and the monthly service charge will be drawn from your account on the last business day of the month. Please remember the following Money Market Limitations: The minimum amount you may withdraw at any time is $500.00. You may not make more than six (6) transfers and withdrawals from your account per month by means of a preauthorized or automatic transfer or telephone (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order payable to third parties. However, you are allowed unlimited deposits and withdrawals in person or by mail. We will provide a monthly statement including images of your checks and deposits for your convenience. Please review your statement and balance your account monthly. Maintain a $2,000.00 balance in any Headwaters State Bank deposit account and receive one box of complimentary money market checks when you order your checks directly from us at the Bank. Regular Money Market The Regular Money Market Account can be opened with $2,500.00, pays a competitive rate of interest, which is credited monthly (click here for current rates) and can provide easier access to your money than a passbook savings. Maintain a minimum daily balance of $1,000.00 or more and the monthly service charge of $10.00, will be waived. If the account falls below the minimum daily balance requirement, your interest rate will drop and the monthly service charge will be drawn from your account on the last business day of the month. We will provide a monthly statement including images of your checks and deposits for your convenience. Please review your statement and balance your account monthly. Maintain a $2,000.00 balance in any Headwaters State Bank deposit account and receive one box of complimentary money market checks when you order your checks directly from us at the Bank. Please remember the following Money Market Limitations: The minimum amount you may withdraw at any time is $500.00. You may not make more than six (6) transfers and withdrawals from your account per month by means of a preauthorized or automatic transfer or telephone (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order payable to third parties. However, you are allowed unlimited deposits and withdrawals in person or by mail. return to top passbook savings Passbook Savings is a great way to begin saving for a special purchase or a rainy day. The Passbook Savings can be opened with a $50.00 deposit, has no monthly service charge and pays a competitive rate of interest however anytime it is below the $50.00 minimum balance requirement the account will earn no interest. (click here for current interest rates). Interest will compound quarterly and will be credited to your account on a quarterly basis. As an added incentive for our young savers, Headwaters State Bank offers a complimentary piggy bank for any new Passbook Savings account opened for a child 12 years or younger. Accounts opened for minor children may be established as WUTMA (Wisconsin Uniform Transfer to Minor Account) or as joint accounts with their parent(s) or guardian(s). Please remember the following Savings Account Limitations: You may not make more than six (6) transfers and withdrawals from your account per month by means of a preauthorized or automatic transfer or telephone (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order payable to third parties. However, you are allowed unlimited deposits and withdrawals in person or by mail. If a savings account is the only account you maintain at Headwaters State Bank you will be charged a $5 check cashing fee if the balance in the account is less than $200 at the time of check presentment. Note: Headwaters State Bank will not establish an individual account for a minor child. christmas club savings Make Christmas shopping a pleasure each year by opening a Christmas Club Savings. Setting a goal and saving a set amount each week will put you ahead of the game when it comes time to start your Christmas season. New Club accounts may be opened between November 1, 2015 and March 31, 2016 Interest bearing account: Interest rate currently 1.00% with an Annual Percentage Yield (APY) of 1.00% Interest is credited annually A mandatory distribution will occur on the third Friday of October of each calendar year by check or direct deposit Make deposits of a set amount in person or transfer funds automatically from another HSB account Open with as little as $1.00 Deposit up to $3,000.00 each year One Christmas Club Savings per tax identification number You can open your account with as little as $1.00 and make deposits of any amount up to $3,000.00. The current Interest rate for this account is 1.00% with an Annual Percentage Yield (APY) of 1.00%. Withdrawals are prohibited. If you close the account before interest is credited, you will not receive the accrued interest. return to top certificates of deposit Time Deposits, also known as, Certificates of Deposit or CDs, are a great way to help your money grow in a safe reliable way. The Certificate of Deposit can be opened with a $1,000.00 deposit and is a termed contract between Headwaters State Bank and the depositor. The CD establishes a fixed rate of return on the investment provided the contract is honored until the maturity date. We offer competitive rates and guaranteed returns on your investments. Ask about automatic renewal for your convenience. Interest earned on your CD can be reinvested to meet the Annual Percentage Yield (APY) or you can receive a check or direct deposit of your interest into your Headwaters State Bank deposit account. Early withdrawal penalty may apply for Certificates of Deposit closed prior to the maturity date on the CD contract and penalties may reduce earnings. CD terms range from 3 months to 5 years. (click here for current interest rates and term options.) ira You've worked hard to earn it, now put your money to work for you! Whether you are saving for retirement, 1st time home buying, continuing education or another qualified IRA expense, let Headwaters State Bank help your money grow. Always consult your Tax Advisor or Accountant prior to setting up your IRA. They can let you know if you qualify and if so, how much to contribute and to which type of IRA. See our Customer Service Staff to assist you in Rollovers from 401K or other retirement plans. We can help you transfer your existing IRA from another Financial Institution as well. If it's time to shift gears we can help you Re-characterize your IRA with just a few easy steps. Traditional vs. Roth (click here to compare) Roth IRA (click here to compare) Coverdell Education Account (click here to learn more) Once you have been advised as to which type of IRA will serve you best, you can select the IRA CD term for your deposit. IRA CDs require $500.00 to open and provide a range of deposit terms of 3 months to 5 years. Automatic renewal is available for your convenience. SIMPLE IRA (SAVINGS INCENTIVE MATCH PLAN) (click here to learn more) IRA SAVINGS Don't have $500.00, no problem, take a look at our IRA Savings account. You can open a Traditional, Roth, Coverdell or SIMPLE IRA with as little as $50.00. This is a great way to get started and the IRA Savings can receive any size deposit at any time. Annual contribution limits as set forth by the IRA do apply. Always consult with your Tax Advisor or Accountant prior to establishing your IRA. return to top








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