Checking, Saving, Certificates of Deposit & IRA's
Call our office at 308-254-2401 or 800-788-4642 for the current rates on any of our deposit products. We offer Debit cards and have an ATM available at our drive through for your convenience. Stop by to open an account or obtain more information on our deposit products.
All deposits in Sidney Federal Savings & Loan Association are insured to at least $250,000 by the Federal Deposit Insurance Corporation.
Checking
Basic Checking*
Minimum Deposit to Open $100.00
Write 25 checks each month for Free-$.20 for each additional check
Minimum Daily Balance Fee:
Interest Bearing Checking*
Minimum Deposit to Open $100.00
Minimum Daily Balance Fee:
No check writing fees on Average daily balances of $1,000. Below $1,000, the first 20 checks are free with $.20 charge for each additional check.
Interest is credited at the end of each statement cycle.
Money Market Deposit Account*
Minimum to Open $1,000
No Monthly Fees
3 Checks per Month-3 Pre-authorized Withdrawals-Unlimited in person withdrawals
Interest Bearing Account
* Overdraft Protection Available with approved application and Overdraft Protection Savings Transfer Available.
Savings and Cerfificate Accounts
Savings Accounts
Minimum Deposit to Open $10
Interest credited Quarterly
No Service Fees on Active Accounts
Certificates of Deposit
All certificates require a minimum deposit of $100 except the 31 Day Account which has a $5,000 mimimum.
Terms available include 91 days, 6 months, 9 months, 1 year, 15 months, 18 months, 2 year, 30 months, as well as 3, 4, and 5 year cerificates. We also offer Christmas Club accounts. Take our One-Minute Certificate of Deposit Test or call us at 308-254-2401 or 800-788-4642 to talk to one of our qualified counselors to determine the best option for you.
Individual Retirement Accounts
Is an IRA Right For You? Take our Sidney Federal Savings and Loan IRA Test and find out. Then call one of our customer service representatives today at 308-254-2401 or 800-788-4642.
You might also be able to save on your present taxes with an Individual Retirement Account, by deducting your qualified contributions from your taxable income. Many Americans can deduct all or part of their IRA contributions from current income taxes. The deductible amount depends on your income, marital status and whether you're an active participant in an employer sponsored plan as defined by the Internal Revenue Service.
With an Individual Retirement Account, you may also be able defer taxes until you retire when you will probably be in a lower tax bracket. The chart below shows you how much you may be able save each year. You may want to consult your tax advisor to review the tax deductible status of an IRA. Regardless of the amount you'll be able to save now on taxes, an IRA is a smart way for you to save for a secure retirement.
IRA Tax Savings Potential Chart
Deductible Contribution Amount | Tax Bracket Savings | Tax Bracket Savings | Tax Bracket Savings | Tax Bracket Savings | Tax Bracket Savings |
If you're changing employers, an IRA rollover makes sense. If you are retiring or changing jobs and anticipate withdrawing money from your employer's retirement plan, you can avoid withdrawal penalties by transferring your assets into an IRA or another qualified plan. You can ask your employer to arrange for a "direct rollover" of your money into a new IRA account with us, or you can do it yourself with an IRA-to-IRA rollover.
You must complete the rollover within 60 days from the date you receive the assets from your old IRA in order to qualify and not pay the mandatory 20% withholding and possibly other penalties as well. For more information about IRA Rollovers or opening a new IRA just give us a call at 308-254-2401 or 800-788-4642.
