Other Accounts
Hancock Savings Bank offers a variety of savings options.
Individual Retirement Accounts – IRAs
Traditional IRA
With a Traditional IRA, you make contributions with money you may be able to deduct on your tax return. Any earnings potentially grow tax-deferred until you withdraw them.
Roth IRA
With a Roth IRA, you make contributions with money on which you’ve already paid taxes. Your money can then potentially grow tax-free, with tax-free withdrawals at retirement, provided that certain conditions are met. You can select the term that best meets your financial needs. Hancock County Savings Bank is not providing professional tax advice. You should consult a tax professional regarding tax consequences of any account, including an IRA.
With a Roth IRA, you make contributions with money on which you’ve already paid taxes. Your money can then potentially grow tax-free, with tax-free withdrawals at retirement, provided that certain conditions are met. You can select the term that best meets your financial needs. Hancock County Savings Bank is not providing professional tax advice. You should consult a tax professional regarding tax consequences of any account, including an IRA.
Check our current terms and rates.
Certificates of Deposit
Building Wealth with a Secure Strategy
Hancock Savings Bank offers a variety of certificates of deposit that provide a secure savings option. It’s an ideal way to earn a higher interest rate for a specific period of time. You can select the term that best meets your financial needs. This account can be used as collateral for a Share Loan.
Check our current terms and rates.