Certificates of Deposit
|Certificate of Deposit Type||Minimum Deposit|
Currently, Peoples National Bank of Kewanee is offering three CD specials. They are a 15 month and 60 month CD. Please contact a PNB Customer Service Representative regarding the details of these specials.
Health Savings Account (HSA)
PNB offers a Health Savings Account to help you save for future medical expenses. There are many advantages to utilizing a Health Savings Account, including favorable tax treatment.
Any adult may contribute to a Health Savings Account (HSA) if they:
- Have coverage under a HSA-qualified “high deductible health plan” (HDHP)
- Have no other first-dollar medical coverage (Other types of insurance, such as specific injury insurance or accident, disability, dental care, vision care, or long-term care insurance, are permitted.)
- Are not enrolled in Medicare
- Cannot be claimed as a dependent on someone else’s tax return
Individual Retirement Account (IRA)
Any individual under 70 ½ years of age who has earned income may establish an Individual Retirement Account. The individual may also rollover proceeds from a pension plan to an IRA.
There are many factors to consider when opening an IRA, such as contribution amounts and age limits. Please contact a PNB Customer Service Representative for more details.