We offer a variety of savings accounts to meet your individual needs all with competitive interest rates. Make your money work for you with a savings or money market account or with a CD, IRA or HSA.
Smart Money Market
Available exclusively to our Preferred Access and Access Checking customers, this money market account is perfect for customers with excess balances in their savings account. Our Smart Money Market account allows you to maintain access to your funds while earning a higher, preferred interest rate. You can even enjoy the same features as our Smart Savings Account with the added convenience of check writing privileges, free checks and an ATM card.
Mutual Interest Money Market
Our Mutual Interest Money Market account is perfect for customers who want to put funds aside for future use, with the added convenience of check writing privileges, free checks and an ATM card.
We all have dreams that we hope to achieve. No matter what the future holds, our Smart Savings account allows you to save for your goals while earning a preferred interest rate. Available only to Preferred Access and Access Checking customers, Smart Savings provides convenience and benefits perfect for you.
If you're looking for a versatile savings account, our E-Savings account is your ticket to help reach your goals. With E-Savings, you'll receive great benefits such as ATM access, telephone transfers, direct deposit, overdraft transfer protection to a checking account and electronic funds transactions. You'll even receive unlimited electronic transfers, allowing you to have full control of your money.
IRA Statement Savings
Open an IRA Statement Savings Account with as little as $50 to take advantage of tax savings and plan for financial security. This account is FDIC-insured so it not only minimizes your investment risk, but, unlike other traditional Bank IRA's, allows you to add to it at any time. You can make automated transfers from your GSB checking or savings account once a month, weekly, or even bi-weekly for a disciplined approach to saving for your retirement. In addition, there are no bank imposed penalties for withdrawing funds from the account.*
*IRS penalties may apply. Consult a tax advisor.
School Savings Program
Shape your child's future with our school savings program. We believe that educating young people today will create more informed adults, capable of making better investment decisions tomorrow. Children are active participants in managing their own accounts and have fun while they learn the value of saving!
Holiday Club Savings
Avoid putting another holiday season on your credit card. We can help you save! Open your Holiday Club Savings with a $10.00 minimum opening deposit required.
Certificates of Deposit (CD’s)
Earn a guaranteed return over time with our CD’s. Flexible terms available from 3 to 60 months.
With a "Bump-Up" CD, the interest rate and APY on your account may change one time during the term of your account. At your request, we will change the interest rate and resulting APY established at the time of account opening based on an index. The index will be based upon the previous day's published rate of the 5-year Treasury Note. Click here
to see the daily treasury yield curve rates.
CD Individual Retirement Accounts (IRAs)
CD IRA’s are savings tools for your retirement. Earn consistent, competitive interest rates with 1 – 5 year terms.
Health Savings Accounts (HSAs)
GSB is pleased to offer Health Savings Accounts (HSAs) – a savings product that offers a different way for consumers to pay for their health care. HSAs enable you to pay for current health expenses and save for future qualified medical and retiree health expenses on a tax-free basis.
You are eligible to contribute to an HSA if you:
- Have coverage under an HSA-qualified “high deductible health plan”
- Are not covered under any other health plan that is not an HDHP
- Are not yet enrolled in Medicare
- Cannot be claimed as an dependent on someone else’s tax return
Funds in an HSA belong to you, not your employer or your health insurance company and travel with you should your change jobs or health insurance companies.
GSB has a one-stop solution for you with its HSA Program and opening a Health Savings Account is easy! To help you better understand HSAs, visit our HSA Web site at www.gsbyourbankhsa.com or stop by any of our branch offices.