Savings & Investments
Fahey Bank offers a variety of Savings & Investment Plans to meet your needs.
Select a Product From Below:
- Regular Savings
- Money Market Savings
- Certificates of Deposit (CDs)
- Individual Retirement Accounts (IRAs)
- Christmas Club
Earn interest in our regular savings account from day one as long as the minimum daily balance requirement of $100 is maintained. You'll also receive a quarterly statement of all savings account activities. Certain Restrictions Apply.
Fahey's Money Market Savings Account combines the ability to earn our highest Money Market interest rates with easy access to your money. No fees apply if an average balance of $1,000 is maintained each statement cycle. You'll also receive a monthly statement of all transactions, including your cancelled checks.
A Fahey Certificate of Deposit (CD) will usually earn you a higher fixed rate of interest. The CD's mature from as quickly as six months to five years and only require a minimum deposit of $500. The interest you earn may be put directly into your Fahey checking or savings account. Interest may also be applied to the CD's principal. Certain restrictions may apply. Substantial penalty for early withdrawal.
Fahey offers quality Individual Retirement Accounts (IRAs) to help you save for your retirement years. IRAs with a minimum opening balance of $500, with either a fixed or variable interest rate, are available. Your IRA contribution may be made in one lump sum or in regular installments during the year.
Health Savings Accounts (HSAs)
A Health Savings Account (HSA) is a tax-exempt trust or custodial account established exclusively for the purpose of paying or reimbursing qualified medical expenses of you, your spouse, and your dependents.
You are eligible for a regular HSA contribution if, with respect to any month, you:
- Are covered under a high-deductible health plan (HDHP) on the first day of such month;
- Are not also covered by any other health plan that is not an HDHP (with certain exceptions for plans providing preventive care and limited types of permitted insurance and permitted coverage);
- Are not enrolled in Medicare; and
- Cannot be claimed as a dependent on another individual's tax return.
Save a little each week the whole year through with Fahey's Christmas Club and help take the crunch out of holiday spending. Deposits are made weekly with an auto-transfer from your checking or savings account beginning in October and the following November you'll receive your Christmas Club Funds directly deposited into your account - just in time for holiday spending.