Personal Savings Accounts

Learn about the personal savings options at Liberty National Bank.
Topics covered include:

Great Ways to Save

It’s never too early (or too late) to begin saving. And with Liberty’s accounts that suit your particular lifestyle and needs, you can Expect the Best® in savings!

OPEN ACCOUNT NOW

Whether you are looking for a competitive account to “park“ short-term liquid funds, need a competitive rate on a certificate of deposit, or want to help a special youngster get started with a savings program, Liberty National Bank has the savings products you need.

Our wide variety of savings accounts are even more valuable when paired with “companion service” such as Liberty National Bank’s Liberty Express® online banking. Our Liberty Express® service lets you transfer funds quickly and easily between your savings and checking accounts, and even inquire about your balance 24 hours a day, all from the comfort of your home or office computer. Ask a helpful Liberty National Bank associate to help you select the right account. We’ll be here for you.

Download the Savings Accounts Brochure  Download the Savings Brochure.
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Electronic Savings

Open your Echecking and Esavings today.

ESavings

Must be opened through Opening Act

MONTHLY MAINTENANCE FEE:
Only $3.00 per month. Monthly maintenance fee is waived if you have an average balance of $300 and Estatements.

BENEFITS:
  • If you open only an Esavings account – Interest Rate (.05% APY)
  • If you open with an Echecking account – Interest Rate (1.50% APY)
    To qualify for the higher rate, the customer must meet the following criteria:
    • Maintain an Echecking Account and a Esavings Account
    • Both the Echecking and the Esavings account must be opened through Opening Act

APY Disclosure
The Annual Percentage Yield (APY) is accurate as of June 1, 2018. Interest rate may vary after account opening.

Important Information about Opening a New Account To help the government fight money laundering activities and the funding of terrorism, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account

What this means to you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to your your driver’s license or other identifying documents.

Note:
Online account opening available to local market area residents only.
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Money Market Savings

The liquidity of a checking account with a competitive rate. FDIC insured for peace of mind in volatile markets. Expect the Best® from a Liberty Money Market account.

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Money Market Savings Account Interest Rates

BalancePercentage Interest Rate Annual Percentage Yield
$10.00 to $2,499.10.10
$2,500.00 to $9,999.15.15
$10,000.00 to $24,999.25.25
$25,000.00 to $49,999.99.35.35
$50,000 plus.45.45
Effective Date: April 5, 2019


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Investment Savings

Whether you’re saving for a rainy day or a sunny vacation, our investment savings account is the “basic” account you need. Expect the Best®.

Investment Savings Account Interest Rates

BalancePercentage Interest Rate Annual Percentage Yield
Regular Savings < $1,000.05.05
Regular Savings > $1,000.10.10
Effective Date: April 5, 2019


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Certificates of Deposit

Certificates of Deposit offer a reliable investment. Expect the Best® at Liberty National Bank.

Current CD Rates

 30-89 days 90-179 days
Amount Interest RateAPY Interest RateAPY
$500-$24,999.05 .05.10.10
 180-364 days 1 Year
Amount Interest RateAPY Interest RateAPY
$500-$24,999.25 .25.30 .30
 30-89 days 90-179 days
Amount Interest RateAPY Interest RateAPY
$25,000-$99,999 .10.10 .20.20
 180-364 days 1 Year
Amount Interest RateAPY Interest RateAPY
$25,000-$99,999.30.30 .35.35
  18 Month 2 Year
Amount Interest RateAPY Interest RateAPY
$500-$24,999.30.30 .35.35
 3 Year 4 Year
Amount Interest RateAPY Interest RateAPY
$500-$24,999.40 .40.50.50
 18 Month 2 Year
AmountInterest RateAPYInterest Rate APY
$25,000-$99,999.40.40 .45.45
 3 Year 4 Year
Amount Interest RateAPY Interest RateAPY
$25,000-$99,999.55 .55.65.65
Effective Date: November 15, 2019


CD Specials

$2,500 Minimum Deposit
 Interest RateAPY
11 months1.74%1.75%
21 months1.80%1.81%
Effective Date: November 15, 2019

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Bonus 50 Christmas Club

Liberty’s Christmas Club Savings Account is great way to plan ahead for holiday expenses and get a little extra greenery! Expect the Best® personal savings options at Liberty National Bank.

Pick a weekly amount that you would like to set aside for your holiday savings. Make 49 payments and the Bank makes the 50th payment for you!

Stop by any branch to pick up an application.
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Health Savings Accounts

Looking for a way to save for your high-deductible health plan? A Health Savings Account from Liberty may offer tax advantages to qualified individuals.
Download the Health Savings Account brochure  Download the Health Savings Account brochure.
Health Saving Accounts, or HSAs, are tax-favored consumer savings arrangements for individuals covered by high deductible health insurance plans. HSAs were created by Congress to combat the rising medical costs providing an incentive for more consumers to pay “first-dollar” medical expenses. This account is like an IRA account, but it is distinctively designed for covering authorized medical expenses for the person who opens the account and his or her dependents.

Health Savings Accounts maintain their tax-free status if they are used for the following medical expenses:
  • Doctor and dental visits, prescriptions, transportation to receive medical and dental care.
  • Healthcare coverage when unemployed
  • Long-term care insurance
  • Certain continuation-of-benefit healthcare coverage
  • Health insurance plans that qualify after age 65
NOTE: Violations -- nonqualified uses of Health Savings Accounts savings -- are subject to taxation and a 10% penalty unless the Health Savings Account holder is age 65 or older, is disabled or dies.

What are the tax benefits of a HSA?

Qualified individuals can enjoy significant tax benefits associated with paying qualified medical expenses. These benefits have similar characteristics to IRA accounts. A summary of HSA tax advantages is shown below.
  • HSA assets are never taxed, if used for qualified medical expenses.
  • HSA earnings are tax deferred.
  • Employer or employee contributions to a HSA are excluded from income.
  • Unused HSA assets may be used for retirement, but these funds will be subject to a 10% penalty if the HSA beneficiary has not reached the age of 65, dies or is disabled. Any funds that are not used for medical expenses will be subject to income taxes.
  • Upon death, HSA assets become the property of a named death beneficiary, or of the HSA account beneficiary’s estate. The spouse of the beneficiary may treat the assets as their own HSA, while other death beneficiaries must treat such savings as ordinary taxable income.

Who is eligible?

You are eligible if you:
  • are covered under a high deductible health plan (HDHP) on the first day of the month;
  • are not covered by any other health plan that is not HDHP (with limited exceptions);
  • are not enrolled in Medicare (generally not yet age 65; and
  • are not able to be claimed as a dependent on another person’s tax return. 

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