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Dakta Heritage Bank Website

Savings Accounts

When you trust your money to a bank, you want to be sure it's in an account that's right for you, whether it's checking or savings. The account that gives you the most for what you need. That's exactly why we have a variety of accounts to choose from. From our Frontier Checking to Money Market to a Certificate of Deposit, you'll find the account that has your best interest at heart.

  • Traditional Savings
  • IRA - Savings Account
  • Heritage Money Market Account
  • Grow With Us
  • Certificate of Deposit

Description:

  • An account that pays interest on your balance and provides easy access to your money.
Requirements:
  • Must be 18 years of age or must be jointly opened with an adult.
  • A minimum of $10.00 to open this account.
  • Requires a minimum of $10.00 daily balance to accrue interest.
Benefits:
  • Easy access to funds.
  • This account is an interest bearing account.
  • Interest begins to accrue on the business day you deposit.
  • Interest will be compounded quarterly.
  • Interest will be credited to the account quarterly.
  • We use the daily balance method to calculate the interest on the principle of this account.
Cost:
  • No service charge unless balance falls below $100.00. If balance falls below $100.00 daily balance, a $4.00 service fee will be imposed on the account.
  • No service charge is imposed for seniors over 62 and students under 26.

Types of IRAs DHB offers:

  • Roth, Traditional, SEP, Coverdell ESA & Simple.

Traditional & Roth:
  • Traditional has a tax deduction, Roth does not.
  • Annual contribution limits are in place, contact us to see what the current limits are.
  • Rollover contributions do not apply to the contribution limit (1 rollover allowed per 12 month period).
  • Excess contributions will be taxed, contact us for the tax rate.
Simplified Employee Pension (SEP):
  • A business of any size, even self-employed, can establish a SEP.
  • The employer is the only one that can contribute.
  • Contribution limits are in place, contact us for the limit.
  • The employee is the owner of the account.
Simple IRA:
  • Can provide a significant source of income at retirement by allowing employers and employees to contribute.
  • Contribution limits are in place for the employee, contact us for limits.
  • Employers are required to contribute.
  • Employees may elect to contribute.
  • Employee is the owner of the account.
Coverdell ESA:
  • Education savings account.
  • Beneficiary is under age 18.

Description:

  • An account that pays interest on your balance and provides easy access to your money.
Requirements:
  • Must be 18 years of age or must be jointly opened with an adult.
  • A minimum of $2,500.00 to open this account.
  • Withdrawals must be a minimum of $500.00.
Benefits:
  • This account is an interest bearing account.
  • Interest begins to accrue on the business day you deposit.
  • Interest will be compounded monthly.
  • Interest will be credited to the account monthly.
  • We use the daily balance method to calculate the interest on the principle of this account.
  • This account uses a tiered interest rate. The annual percentage yield will depend upon the daily balance in the account.
Cost:
  • No service charge for this account.

Description:

  • A savings account that pays interest and is used to educate our youth.
Requirements:
  • Must be 20 years of age or younger.
  • A minimum of $10.00 to open this account.
  • Requires a minimum of $10.00 daily balance to accrue interest.
Benefits:
  • Easy access to funds.
  • This account is an interest bearing account.
  • Interest begins to accrue on the business day you deposit.
  • Interest will be compounded quarterly.
  • Interest will be credited to the account quarterly.
  • Semi-Annual newsletters mailed to you.
  • Receive a stamp in your Grow With Us deposit book for every deposit made in the bank.
  • Potential in-bank events throughout the year.
  • $5 program incentives paid when:
    • Open the account with the $10.00 minimum.
    • Kids call or stop in the bank during their birthday month request their incentive.
    • Their Grow With Us deposit book with 36 stamps is filled.
    • When your balance reaches $500 for the first time.
Cost:
  • No service charge for this account.

  • 3 Month
  • 6 Month
  • 12 Month
  • 24 Month
  • 30 Month Step-Up
  • 36 Month
  • 48 Month
  • 60 Month

Description:

  • Interest bearing account.
Requirements:
  • You may not make additional deposits into this account during the term.
  • You may not make withdrawals from this account until the maturity date.
Benefits:
  • Interest begins to accrue on the business day you deposit funds.
  • The interest rate and annual percentage yield will not change for the term of the account.
  • Interest does not compound, but is credited to the balance at maturity or disbursed in a check or deposited into another account.
  • We use a daily balance method to calculate the interest on the account.
  • This account will automatically renew.
  • You will have 10 days after the maturity date to withdrawal funds without penalty.
Cost:
  • If you withdraw any of the principal before the maturity date, we may impose a penalty of ninety (90) days interest.

Please contact us for current rates and CD specials.

Description:

  • Interest bearing account.
Requirements:
  • You may not make additional deposits into this account during the term.
  • You may not make withdrawals from this account until the maturity date.
Benefits:
  • Interest begins to accrue on the business day you deposit funds.
  • The interest rate and annual percentage yield will not change for the term of the account.
  • Interest does not compound, but is credited to the balance at maturity or disbursed in a check or deposited into another account.
  • We use a daily balance method to calculate the interest on the account.
  • This account will automatically renew.
  • You will have 10 days after the maturity date to withdrawal funds without penalty.
Cost:
  • If you withdraw any of the principal before the maturity date, we may impose a penalty of ninety (90) days interest.

Please contact us for current rates and CD specials.

Description:

  • Interest bearing account.
Requirements:
  • You may not make additional deposits into this account during the term.
  • You may not make withdrawals from this account until the maturity date.
Benefits:
  • Interest begins to accrue on the business day you deposit funds.
  • The interest rate and annual percentage yield will not change for the term of the account.
  • Interest will be compounded semi-annually, and will be credited to the balance semi-annually or disbursed in a check or deposited into another account.
  • We use a daily balance method to calculate the interest on the account.
  • This account will automatically renew.
  • You will have 10 days after the maturity date to withdrawal funds without penalty.
Cost:
  • If you withdraw any of the principal before the maturity date, we may impose a penalty of ninety (90) days interest.

Please contact us for current rates and CD specials.

Description:

  • Interest bearing account.
Requirements:
  • You may not make additional deposits into this account during the term.
  • You may not make withdrawals from this account until the maturity date.
Benefits:
  • Interest begins to accrue on the business day you deposit funds.
  • The interest rate and annual percentage yield will not change for the term of the account.
  • Interest will be compounded semi-annually and will be credited semi-annually to the balance of the account or disbursed in a check or deposited into another account.
  • We use a daily balance method to calculate the interest on the account.
  • This account will automatically renew.
  • You will have 10 days after the maturity date to withdrawal funds without penalty.
Cost:
  • If you withdraw any of the principal before the maturity date, we may impose a penalty of 182 days interest.

Please contact us for current rates and CD specials.

Description:

  • Interest bearing account.
Requirements:
  • You may not make additional deposits into this account during the term.
  • You may not make withdrawals from this account until the maturity date.
Benefits:
  • One time during the term of the CD you may step the rate up to the current 30 Month CD rate.
  • Interest begins to accrue on the business day you deposit funds.
  • The interest rate and annual percentage yield will not change for the term of the account.
  • Interest will be compounded semi-annually and will be credited semi-annually to the balance of the account or disbursed in a check or deposited to another account.
  • We use a daily balance method to calculate the interest on the account.
  • This account will automatically renew.
  • You will have 10 days after the maturity date to withdrawal funds without penalty.
Cost:
  • If you withdraw any of the principal before the maturity date, we may impose a penalty of 182 days interest.

Please contact us for current rates and CD specials.

Description:

  • Interest bearing account.
Requirements:
  • You may not make additional deposits into this account during the term.
  • You may not make withdrawals from this account until the maturity date.
Benefits:
  • Interest begins to accrue on the business day you deposit funds.
  • The interest rate and annual percentage yield will not change for the term of the account.
  • Interest will be compounded semi-annually and will be credited semi-annually to the balance of the account or disbursed in a check or deposited into another account.
  • We use a daily balance method to calculate the interest on the account.
  • This account will automatically renew.
  • You will have 10 days after the maturity date to withdrawal funds without penalty.
Cost:
  • If you withdraw any of the principal before the maturity date, we may impose a penalty of 182 days interest.

Please contact us for current rates and CD specials.

Description:

  • Interest bearing account.
Requirements:
  • You may not make additional deposits into this account during the term.
  • You may not make withdrawals from this account until the maturity date.
Benefits:
  • Interest begins to accrue on the business day you deposit funds.
  • The interest rate and annual percentage yield will not change for the term of the account.
  • Interest will be compounded semi-annually and will be credited semi-annually to the balance of the account or disbursed in a check or deposited into another account.
  • We use a daily balance method to calculate the interest on the account.
  • This account will automatically renew.
  • You will have 10 days after the maturity date to withdrawal funds without penalty.
Cost:
  • If you withdraw any of the principal before the maturity date, we may impose a penalty of 182 days interest.

Please contact us for current rates and CD specials.

Description:

  • Interest bearing account.
Requirements:
  • You may not make additional deposits into this account during the term.
  • You may not make withdrawals from this account until the maturity date.
Benefits:
  • Interest begins to accrue on the business day you deposit funds.
  • The interest rate and annual percentage yield will not change for the term of the account.
  • Interest will be compounded semi-annually and will be credited semi-annually to the balance of the account or disbursed in a check or deposited into another account.
  • We use a daily balance method to calculate the interest on the account.
  • This account will automatically renew.
  • You will have 10 days after the maturity date to withdrawal funds without penalty.
Cost:
  • If you withdraw any of the principal before the maturity date, we may impose a penalty of 182 days interest.

Please contact us for current rates and CD specials.

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