Anyone eligible can join by opening a savings account with a minimum deposit of $50. We offer excellent rates. Dividends are compounded and credited monthly.
Our Christmas Club Account helps you get an early start on the holiday season. With regular deposits into your Christmas Account, you will be able to buy gifts at the end of the year. There is a $5 minimum balance, dividends compounded and credited monthly, and money is deposited into your account late October.
Designed to earn competitive market dividend rates while allowing full fund access, our Money Market Accounts earn dividends from the day of deposit to the day of withdrawal. Minimum balance requirement is $2,500 and you have unlimited transactions over the teller line. Dividends are calculated by the Daily Balance Method and are compounded and credited monthly.
Cubbie Club (For Children 12 & Under)
As a Cubbie Club member you will receive a Cubbie Coin Saver!
You can set-up a Cubbie Account for a special child in your life and split your direct deposit amount to the child's account. All you need to do is stop by a branch or call with the child's name, birth date, and social security number. Ask them to transfer at least $5 into the new account. It is amazing how quickly the account will grow in just one year!
$20 x 26 paydays = $520 + dividends
$40 x 26 paydays = $1,040 + dividends
Joining is easy! Contact your local branch for details!
Health Savings Account
A Health Savings Account (HSA) is a tax-favored account in which you can accumulate savings for health care expenses. To be eligible to open a HSA, you must be enrolled in a qualified High Deductible Health Plan (HDHP).
Contributions you make to your HSA are tax deductible, and your earnings are tax-deferred and may be tax-free.*
To be eligible to contribute, you (1) must be enrolled in a qualified HDHP, (2) must have no other health care coverage (some exceptions apply), (3) cannot be enrolled in Medicare, and (4) cannot be claimed as a dependent on someone else’s tax return.
The HSA offers you more flexibility than other health savings programs. It is individually owned and controlled by you. You decide how much to contribute (within IRS limitations), when to withdraw funds, and for what purpose. Withdrawals used to pay for qualified health care expenses are tax-free.*
Also, there is no “use-it or lose-it” provision. Funds deposited to your HSA, but not used to pay current health care expenses, accumulate from year to year until you decide you need them.
To learn more click here.
Advantages of Indiana Members HSA's
- No application or setup fees to open the account
- No monthly or annual maintenance fees
- Competitive rate of return
- Funds can be withdrawn at the branch, ATM, or by using your HSA MasterMoney debit card
- Account activity can be reviewed online through Virtual Branch
- Monthly statements are available electronically or by mail
For additional information regarding HSAs, please contact your local branch.
* Indiana Members is not licensed to provide tax advice. Consult your tax advisor.