Personal Savings and Investments

Choose one of our convenient and flexible savings options to help you reach your goals!

• Regular Savings
• SmartSavers
• Wall Street Money Market
• Time Deposits
• IRAs
• Health Savings Account
• Holiday Club Account

Savings Accounts

Our savings accounts are designed with your needs in mind. Use the chart below to compare the features of our savings plans.

Regular Savings Account

For those looking for a traditional savings plan that provides an easy convenient way to save.

• Minimum opening deposit is $50
• Up to six pre-authorized transfers and/or withdrawals, and no more than three of the six may be payable to third parties.
• Unlimited deposits
• Interest is compounded daily and credited on the last day of the calendar quarter
• No monthly service charge with an automatic monthly transfer of $25 or more from an NVB checking account or a minimum balance of $300; otherwise, only $2.00 per month

Check out our rate today!  We make it easy to switch to NVB!

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SmartSavers Accounts for Minors

Open your child's North Valley Bank SmartSavers account and receive a free Moonjar - a great tool to learn how to manage your money!  

SmartSavers Account Features

• Same as Regular Savings; however there is no monthly service charge
• Minimum opening deposit is only $20!
• Unlimited deposits
• Deposits of $5 or more are rewarded with a goodie from our SmartSavers "grab bag"
• Must have at least one signer 18 years of age. Must be a family member - preferable Parent or Guardian.

Attention Teachers: Teach your students the important lesson of saving, spending and sharing money. North Valley Bank will provide financial education material for your classroom! Plus, all "Teach Children to Save" presentations to K-4th grade feature a free Moonjar for all participants! Contact us to arrange a visit from a local banker.

Check out our rate today!  We make it easy to switch to NVB!

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Wall Street Money Market

For those who want the opportunity to earn more based on the balance in the account.

Earn interest based on the following tiers:

$0-$24,999
$25,000-$49,999
$50,000-$99,999
$100,000-$249,999
$250,000-$499,999
$500,000+

• Minimum opening deposit is $1,500
• Unlimited deposits
• Up to six pre-authorized transfers and/or withdrawals, and no more than three of the six may be payable to third parties
• Variable interest rates
• Monthly minimum balance service charge of only $8.00 if the daily balance drops below $1,500 any day of the month

Check out our rate today!  We make it easy to switch to NVB!

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Time Deposits

A time deposit is a great way to save for those who have funds to invest for a period of time. You can choose between fixed and variable options for a variety of terms. (CDs are subject to penalty for early withdrawal.)

Time Deposit (Fixed Rate)

Fixed rate interest is based on our published schedule of rates at the time you open your account. With a Fixed Rate CD the more you deposit, the more you earn based on the following interest tiers:

                  $500 - $9,999
                  $10,000 - $99,999
                  $100,000+

Additionally, your interest may vary based on the length of term. You can choose terms from 30 days to 4 years.

• Minimum opening balance as low as $500
• No principal withdrawals during term of certificate
• No monthly service charge
• One to three months’ interest penalty for early withdrawal depending on term selected

Time Deposit (Variable Rate)

This is a great CD for those who want to start with $100 and make unlimited deposits.

• Minimum opening balance of $100
• Unlimited deposits
• Term of one year
• No principal withdrawals during term of certificate
• One month’s interest penalty for early withdrawal

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Individual Retirement Accounts (IRA)
Budget IRA

An Individual Retirement Account (IRA) is a great way to save and plan for your retirement. With an IRA you get the benefit of tax savings and the ability to compound your money through contributions and interest earnings.

• Designed for customers who wish to establish an IRA with a minimum opening balance of only $50
• Allows for regular deposits up to the limit established by the IRS

Generally IRAs fall into one of two categories – the Traditional IRA or the Roth IRA (see below).

Please consult your tax advisor.

Traditional IRA

This IRA is designed for individuals who want tax-deferred savings for retirement. You may also be able to deduct your contributions on your income tax return. Your deduction depends on your Adjusted Gross Income (AGI) and whether you are covered under an employer sponsored qualified retirement plan.

• Minimum opening balance of $500
• Maximum annual contribution limits are established by the IRS
• Rollover contributions not subject to contribution limits
• Interest rate is determined by the term selected
• Harness the power of compound earnings by deferring tax payments until retirement
• Pay taxes on your investments when you retire and your tax rate may be lower
• IRA contributions may be tax deductible; please consult your tax advisor

If you or your spouse (if you file jointly) are under 70 ½ and receive taxable earned compensation, you are eligible to establish a Traditional IRA.

Roth IRA

The major benefit of a Roth IRA is tax-free earnings growth for your retirement. Although contributions to the Roth IRA are not tax-deductible, earnings grow tax-free. You also have the ability to take certain early withdrawals without paying the IRS early distribution penalty.

• Minimum opening balance of $500
• Maximum annual contribution limits are established by the IRS
• Rollover contributions not subject to contribution limits
• Interest rate is determined by the term selected
• No IRS age limit for contributions or distributions
• Withdraw contributions from your Roth IRA (excluding conversions) at any time
• Invest your after-tax dollars today, and watch your investment grow tax free!

If you or your spouse has compensation and your modified adjusted gross income does not exceed certain limits, you are eligible to open a Roth IRA.

Please consult your tax advisor.

Simplified Employee Pension (SEP) IRA

A written arrangement that allows your employer to make deductible contributions to a traditional IRA that is set up in your name.

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Health Savings Account (HSAs)

What Is It?

A Health Savings Account (HSA) is a savings account that works much like an IRA – except the money is intended for qualified health care costs. You can pay for current health expenses and save for future qualified medical expenses on a tax-free* basis.

Who Can Have One?

Anyone under the age of 65 who is covered by a High Deductible Health Plan (HDHP) is eligible to open a Health Savings Account.

Why should I consider an HSA?

You can:

• Deduct 100% of your HSA contributions from your taxable income*
• Earn interest on a tax-free basis*
• Pay no penalties or taxes when you use your HSA to pay for qualified medical expenses
• Save money by having a high-deductible HSA-eligible health insurance plan, which typically has a lower premium than a plan with a lower deductible

Why choose North Valley Bank for your HSA?

• Only $50.00 opening balance required
• No monthly fee
• No set-up or annual fees
• Competitive interest rates on balances up to $1,000, $5,000 and $5,000+
• Enjoy the convenience of our NVB HSA VISA Debit Card for payment of qualified services to any healthcare provider who accepts VISA, or access cash from your account by using your HSA VISA Debit Card at any NVB ATM!
• Write a check for qualified medical expenses from your HSA with our special HSA checks - we'll pay for your first order! (quantity of 50)

We have trained professionals to answer all your questions. Stop in or call us to discuss how an HSA can benefit you!

Download an HSA brochure. 

Apply Now!  (Print, fill out and bring to a branch).

Ask us today! Visit a branch or call 1-866-869-MORE (6673).

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Want to know how your business can benefit? Click here 

* Please consult your tax advisor.

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Holiday Club Accounts

If you always seem to be looking for money around the holidays, now is the time to open a Holiday Club Account. You can save money for Christmas shopping or other holiday expenses.

Benefits of a Holiday Club Account

• Contributions can be made conveniently through automatic transfer from your NVB checking account
• Deposit an amount you can afford each month
• Earn a higher interest rate than regular savings
• Withdrawal restrictions help keep you disciplined to save* (see below)
• No minimum opening deposit
• No minimum balance
• No monthly service charge
• View your balances on-line at any time

The following conditions apply:

• On November 1, 2010, a check for the money that you have saved throughout the year, plus interest, will be mailed to you.
• *Partial withdrawals are not allowed prior to close of the account period on November 1, 2010.
• *Withdrawal of the balance can be made at any time, but the account will be closed, charged a $25 fee and all accrued interest forfeited.
• *If an account is closed, it must remain closed and can be reopened November 1, 2010.
• Variable rate is subject to change
• Holiday Club Account interest is based on your daily balance for funds on deposit through November 1, 2010.
• Automatic transfers from your checking account will be on a predetermined day each month.

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