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Investments


  • We offer both Traditional and Roth Individual Retirement Accounts. Let us help you determine which IRA is right for you
  • Traditional IRA
  • Term options range from 1 year to 10 years
  • Competitive interest rates
  • Tax on earnings deferred until withdrawal
  • Tax-deductible contributions when applicable

CBMW's Health Savings Accounts (HSAs) are an interest bearing NOW account, earning interest at the NOW account rate.  This rate is variable and may change at any time. Statements are generated and interest is paid monthly.


A Health Savings Account (HSA) is a tax-exempt trust or custodial account you set up with a qualified HSA trustee to pay or reimburse certain medical expenses you incur.  You must be an eligible individual to contribute to an HSA.  You can claim a tax deduction for contributions you, or someone other than your employer, make to your HSA even if you don’t itemize your deductions on Schedule A (Form 1040).

Contributions to your HSA made by your employer may be excluded from your gross income.  The contributions remain in your account until you use them.  The interest or other earnings on the assets in the account are tax free.  Distributions may be tax free if you pay for qualified medical expenses.

To be an eligible individual and qualify for an HSA contribution, you must meet the following requirements: 


  • You are covered under a high deductible health plan (HDHP).
  • You have no other health coverage except what is permitted.
  • You aren’t enrolled in Medicare.
  • You can’t be claimed as a dependent on someone else’s tax return.


Each spouse who is an eligible individual who wants an HSA must open a separate HSA.  You can’t have a joint HSA.  Limits for HDHP and HSA contributions change annually.  Please contact us for current amounts.


  • Term options range from 1 year to 10 years
  • Competitive interest rates
  • Tax on earnings deferred until withdrawal
  • Tax-deductible contributions when applicable
  • Term options range from 1 year to 10 years
  • Competitive interest rates
  • Tax-free withdrawal