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Topics covered in this section 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!

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 Brochure.


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.
Money Market Savings Account Interest Rates
BalancePercentage Interest Rate Annual Percentage Yield
$10.00 to $2,499.05.05
$2,500.00 to $9,999.10.10
$10,000.00 to $24,999.15.15
$25,000.00 to $49,999.99.20.20
$50,000 plus.25.25
Effective Date: March 22, 2016
 




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 25, 2013
 




Certificates of Deposit offer a reliable investment. Expect the Best® at Liberty National Bank.
Current CD Rates
 30-89 days 90-179 days 180-364 days 1 Year
Amount Interest RateAPY Interest RateAPY Interest RateAPY Interest RateAPY
$500-$24,999.05 .05.05 .05.05 .05.10 .10
$25,000-$99,999 .10.10 .10.10 .10.10 .15.15
  18 Month 2 Year 3 Year 4 Year
Amount Interest RateAPY Interest RateAPYInterest RateAPYInterest RateAPY
$500-$24,999.10.10.15.15.20.20.30.30
$25,000-$99,999.20.20.25.25.35.35.45.45
Effective Date: April 25, 2013



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!

  Download the Christmas Club Application Form.


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.

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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