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Comparison Chart



 

EZ SAVINGS ACCOUNT

SAVINGS
ACCOUNT

HOLIDAY
CLUB

HEALTH SAVINGS ACCOUNT

CERTIFICATES OF DEPOSIT

MINIMUM BALANCE

None $100 None $50 $500

SERVICE CHARGE

None

Low, monthly if minimum balance not maintained

None

   

INTEREST

Earn interest Earn interest Earn interest Earn interest Earn Interest

and...

Age 11-24 ATM or CheckCard accessible Annual payout on the first Friday of November.  Customers can choose check or direct deposit into valid Bank on Buffalo transaction account.  Qualified individuals are covered by a high deductible health plan
 
Maximum annual contri-butions are based on the annual statutory limit
 
No IRS penalty or federal income taxes for withdrawal for qualified medical expenses






Terms available from 1 month to 5 years



 

TRADITIONAL IRA SAVINGS ACCOUNT

TRADITIONAL IRA CERTIFICATE OF DEPOSIT

ROTH IRA SAVINGS ACCOUNT

ROTH IRA CERTIFICATE OF DEPOSIT

COVERDELL EDUCATION CERTIFICATE OF DEPOSIT

MINIMUM BALANCE

$100 $2,000 ($2,500 for 7 year terms) $100 $2,000 ($2,500 for 7 year terms) $2,000

SERVICE CHARGE

         

INTEREST

Earn interest Earn interest Earn interest Earn interest Earn interest

and...

Make deposits at your own pace (Subject to annual contri-bution limits)

$1000 catch-up contribution for IRA holders age 50 or over
Annual contribution amounts (subject to limits)
 
Terms available from 1 to 7 years
Make deposit at your own pace (Subject to annual contribution limits)
 
IRA holders age 50 or older eligible for catch-up contributions
 
No IRS penalty or Federal Income Taxes for withdrawal of regular principal contribution prior to age 59 ½
 
No required minimum distributions
Annual contribution amounts (subject to limitations)
 
No IRS penalty or Federal Income Taxes for withdrawal of regular principal contribution prior to age 59 ½
 
No required minimum distributions
 
Terms available from 1 to 7 years
Terms available from 1 to 7 years
 
Make contri-butions (not to exceed $2000 annually) on behalf of a minor until the day before their 18th birthday (exception: beneficiaries with special needs)

 

Contact Us Today!

If you're interested in learning about our products and services, please contact us toll-free at 1-844-510-0819, or send an email to CustomerServiceCenter@BankOnBuffalo.bank. BankOnBuffalo appreciates the opportunity to be your financial partner.
 
(Please be aware that the email you are sending is not secure. Please do not include sensitive information, such as your account information, social security number, PIN or password.)