SAVINGS ACCOUNTS
Whether you are just starting your business, or growing and developing it to more profitable levels, Mountain America Credit Union has a complete line of savings products designed to make your efforts a success.
Savings Account
- Cornerstone of your financial package
- Higher interest rate than at most institutions
- Dividends are paid monthly
- Savings Account Rate
Money Market
- Minimum balance of only $2,500
- Competitive rates
- Interest paid monthly
- Unlimited access to your funds
- Balances over $20,000 earn an even higher interest rate
- Money Market Rates
Term Deposits
- Earn higher dividends with Term Deposits
- Terms from 6 months to 5 years
- $1,000 minimum deposit
- Competitive rates
- Term Deposit Rates
Health Savings Accounts
Health Savings Accounts (HSAs) are a new way for your employees to pay for medical expenses and are used in conjunction with a qualifying high-deductible health plan.
HSAs are like having your cake and eating it, too. You take advantage of the lower premiums a high-deductible health plan offers, while at the same time, you provide your employees with the additional medical expense coverage they need.
Using their HSAs funds, your employees can pay for expenses before their deductible is met. It may also pay for services not covered by the health plan, including: co-payments for prescriptions and office visits, COBRA coverage during periods of unemployment, medical expenses after retirement, and long-term care expenses, to name just a few.
Unlike some other types of accounts, HSA funds are not lost at the end of the year. Unspent balances remain in the account earning interest until they are spent on medical care.
See your nearest Mountain America branch for more information or call our HSA Representative today at (801) 325-6249.
