Whatever you're saving for we offer a variety of accounts to help you reach your goals. From everyday savings and money market accounts to CDs, IRAs, and Health Savings Accounts, you’ll find options designed to fit your needs.
Smart Savings Account
A savings account that features a convenient and easy to read monthly record in statement form.
- $250 minimum to open & earn interest
- ATM accessibility to your funds
- $3 monthly charge if minimum daily balance falls below $500
Minor Savings Account
In today’s world, it’s critical to start good savings and investing habits at an early age. This account is created exclusively for students of elementary to high school age and teaches children the benefits of saving, while making it fun and enjoyable.
- $5 minimum deposit
- Receive statements quarterly.
- Sign up for online banking.
- Interest will be earned on balances of $5 or more.
- Withdrawals can be made at any of our convenient branch locations.
We reward good grades. Students with a B average or better, can receive $2 deposited into one of their deposit accounts each report card period and earn up to $8 each year. Just stop by any branch location and show US their report card.
Swipe and Save
Enroll in our Swipe and Save Program and round up your debit card purchases to the nearest dollar and transfer the difference to a statement savings account. Get started saving. It’s as easy as 1, 2, 3!
- Enroll. Stop by a branch and enroll in a USB checking account with a debit card and
connect it to a USB statement savings account of your choice.
- Shop. Use your debit card for everyday purchases and spend like you normally would.
- Save. Your purchases will be rounded up to the nearest dollar and the change will be transferred from your USB checking account to your USB statement savings account.
Health Savings Account (HSA)
Flexible and easy to use, a Health Savings Account (HSA) from Ulster Savings Bank is a tax-favored personal savings account that works with a High Deductible Health Plan (HDHP) to help pay rising health care expenses for individuals, their spouses, and their dependents.
Certificates of Deposit (CD)
A Certificate of Deposit (CD) is a smart, secure way to grow your savings with a guaranteed fixed interest rate. Simply choose a term and leave your money on deposit until it matures, knowing exactly how much you’ll earn along the way. When your CD reaches maturity, you can withdraw your money and interest or roll it into a new CD. At Ulster Savings Bank, you’ll enjoy competitive rates, personalized service, and the confidence that comes from banking with a trusted local community bank focused on helping you reach your financial goals.
Money Market Account
In today’s world, it’s critical to start good savings and investing habits at an early age. This account is created exclusively for students of elementary to high school age and teaches children the benefits of saving, while making it fun and enjoyable.
- Minimum balance to open $2,500
- Competitive variable interest rates
- Preauthorized withdrawals available
- ATM capabilities
- Transfer funds between accounts
- Deposit or withdraw at anytime
- Online Statements available
- $10 charge if minimum daily balance falls below $2,500
Individual Retirement Accounts (IRA)
No matter what stage of life you’re at, saving now with an Individual Retirement Account (IRA) can better prepare you financially for your future, especially during retirement. We offer Money Market and CD IRAs and it’s never too late to start saving with a Traditional or Roth IRA. You can stop by any of our locations to get detailed information about our IRAs and to set up an account with US.
2026 Contribution Limits:
For 2026, the maximum combined amount you can contribute to Traditional and Roth IRAs is the lesser of your taxable compensation for the year or $7,500 (under age 50). If you are age 50 or older, an annual catch-up contribution applies, allowing a total of $8,600.
Traditional IRAs:
Contributions may be tax-deductible, which could lower your taxable income today. Your savings grow tax-deferred, and you'll pay taxes when you withdraw the funds in retirement. You can withdraw funds any time after the age of 59 1/2 without triggering a 10% federal penalty tax on the taxable portion of your distribution, plus your standard ordinary income tax. Other exceptions may apply to avoid the penalty. Traditional IRAs are subject to required minimum distributions. Visit Retirement plans | Internal Revenue Service for more information.
Roth IRAs:
Contributions are made with funds that have already been taxed, so there is no upfront tax deduction. Qualified distributions, which are tax-free and not included in gross income, can be taken when your account has been opened for more than five years and you are at least age 59 1/2 (other exceptions may apply). There are no required minimum distributions for the Roth IRA owner. Visit Retirement plans | Internal Revenue Service for more information.
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