 |  |
 
|   Make sure that your money is always working. Be certain that you're making the right decisions and earning as much as possible.
You need only $100 to open our Hamptons Statement Savings. Maintain at least $100 average daily minimum balance to avoid a service charge. Interest is compounded daily and paid monthly. Hamptons Extra Savings is designed for customers who desire a higher rate of interest and require access to their funds. $5,000 Minimum opening balance. These accounts offer a tiered interest structure based on balances. Higher balances will earn interest at higher rates. Certificates of deposit offer higher yields and fixed maturities from 90 days to 60 months. CDs will renew automatically at the prevailing rate. There is a 10 day grace period for renewals. $2,500 minimum opening balance. Interest is compounded daily and can be added to the principal, paid by check or credited to any Hamptons State Bank account. Automatic Renewal service is available. Don't forget that Traditional IRAs are still considered a good tax-deferred option for most people because you pay no taxes on the income earned until the money is withdrawn, which is usually not until retirement. Contributions to a ROTH IRA are not tax deductible, but all earnings are free from federal tax. You pay no federal taxes on qualified distributions, which may mean a more comfortable retirement for you.
 |
