Personal Savings / CDs / IRAs
Health Savings Account
Health Savings Accounts help you and your family members save for future health expenses tax-free when you have a high-deductible health plan. How does it work? Begin by opening an HSA account at Texas Gulf Bank, deposit tax-deductible contributions and then pay your qualified medical expenses from this account. These expenses include most medical care and services, dental and vision care. Unused funds in your HSA roll over from year to year, so you never lose your tax-free investment. Consult your tax advisor for how an HSA might benefit you, depending on your particular situation..
Health Savings Account
| Minimum Daily Balance To Earn Interest |
Tiered rates apply ($1,000 and $5,000 minimums); see Investment Rate Index. |
|---|---|
| Monthly Maintenance Fees |
$3 if average daily balance falls below $1,000 |
| Opening Deposit |
$50 |
| Withdrawals |
Unlimited |
| Statement Processing |
Monthly |
| Interest Rate Structure |
Tiered/ variable rates adjusted to be competitive with current market rates. |
| Additional Fees May Apply | Details |
| Additional Information |
Sand Dollar Savings
This savings account keeps your funds accessible and pays a competitive interest rate, which is compounded and paid quarterly. You do not incur a monthly maintenance fee when you keep a minimum average daily balance of $200. You do not incur debit fees when you limit your debit transactions to two per month (excluding electronic funds transfers).
Sand Dollar Savings
| Minimum Daily Balance To Earn Interest |
$100 |
|---|---|
| Monthly Maintenance Fees |
$3 per month for each month of the quarterly statement cycle that average daily balance falls below $200 |
| Opening Deposit |
$100 |
| Withdrawals |
Number of transfers from a savings account to another account or to third parties by pre-authorized, automatic or telephone (including internet or data transmission) are limited to 6 per month. No transfers to third parties by check, POS, computer or similar order are allowed. An excess debit fee of $2 will be charged for each debit transaction in excess of two during a month (does not include electronic funds transfers). |
| Statement Processing |
Quarterly |
| Interest Rate Structure |
Variable rates adjusted to be competitive with current market rates |
| Additional Fees May Apply | Details |
| Additional Information | Details |
Gulf Rewards Savings
[Gulf Rewards checking customers only]
Combine all your personal accounts at Texas Gulf Bank, N.A. with your Gulf Rewards Checking and Savings accounts. You will not pay a monthly maintenance fee on the Gulf Rewards Savings Account and will receive a slightly higher interest rate than the Sand Dollar Savings account provides. Gulf Rewards only requires $100 to open, and you receive a single, easy-to-read monthly statement that summarizes your activity in every account.
Gulf Rewards Savings
| Minimum Daily Balance To Earn Interest |
$100 |
|---|---|
| Monthly Maintenance Fees |
N/C |
| Opening Deposit |
$100 |
| Withdrawals |
Number of transfers from a savings account to another account or to third party by preauthorized, automatic debits and telephone (including internet or data transmission) is limited to 6 per statement cycle. No transfers to 3rd parties by check, POS, computer or similar order are allowed. |
| Statement Processing |
Monthly |
| Interest Rate Structure |
Variable rates adjusted to be competitive with current market rates |
| Additional Fees May Apply | Details |
| Additional Information | Details |
Certificate of Deposit
Earn a competitive interest rate, fixed for the duration of your time deposit with a Texas Gulf Bank Certificate of Deposit.
Certificate of Deposit
| Minimum Daily Balance To Earn Interest |
$2,500 |
|---|---|
| Monthly Maintenance Fees |
N/C |
| Opening Deposit |
$2,500
|
| Withdrawals |
Interest withdrawal is permitted. Note: No withdrawals from principal before maturity. Early Withdrawal Penalty may apply. Details |
| Statement Processing | |
| Interest Rate Structure |
Fixed Rates; upon maturity and renewal, rates will be set |
| Additional Fees May Apply | Details |
| Additional Information | Details |
Individual Retirement Account
Save for your retirement years with a Texas Gulf Bank IRA. You and your spouse may annually invest up to $5,500 each, even if you already participate in an employer-sponsored plan. Individuals 50 and over may contribute an additional $1,000 each for tax year 2015. If you are interested in Wealth Management, see here.
Individual Retirement Account
| Minimum Daily Balance To Earn Interest |
No Minimum |
|---|---|
| Monthly Maintenance Fees |
N/C |
| Opening Deposit |
Variable Rate: $1,000 Fixed Rate: $2,000 |
| Withdrawals |
Details
Early Withdrawal Penalty may apply. |
| Statement Processing | |
| Interest Rate Structure |
Variable Rate: Rates adjusted Fixed Rate: upon maturity and renewal, rates will be set to be competitive with current market rates at the time of renewal. |
| Additional Fees May Apply | Details |
| Additional Information | Details |
Whether you're saving for college tuition, retirement, or something unexpected, there's no better time than now to save for the future. Visit any Texas Gulf Bank location or contact us via e-mail or telephone. A Personal Banker will visit with you to answer your questions and help you find the best savings plan(s) to meet your personal needs and financial goals. For a side-by-side look at your personal savings options, view our personal savings comparison chart.
