Savings Solutions
An auto transfer from checking to savings of this amount waives the $___ monthly service fee on the Associated Savings account?
What is $25 per month to waive the $5 fee?
This is the service that automatically transfers funds from a savings or money market to a negative checking account in increments of $100
What is overdraft protection?
This is the length of time following a CD maturity date that customers have to act on their CD (i.e., renew for another term, close, partial withdrawal, add funds...)
What is 10 calendar days?
These are the two types of IRAs
What are Traditional (pre-tax) and Roth (post-tax)?
Clients covered by this type of healthcare plan are eligible for an HSA.
What is a high-deductible health plan (HDHP)?
This savings product is ideal for customers who have a moral/ethical restriction from earning interest
What is the Associated Zero Interest Savings?
Although customers cannot receive a debit card on the savings/ARS/money market, this is the type of card they can receive.
What is an ATM card?
The act of opening multiple CDs that mature at different times to provide more frequent access to funds while still earning higher CD rates. This strategy allows clients to match maturity dates to anticipated points of future liquidity needs.
What is laddering?
These are the methods of moving funds into an IRA
What are current year contribution, prior year contribution, external transfer, QP rollover, and internal re-write
These are two of the five ways customers can make a distribution from their HSA
What is a
• Debit card purchase
• Direct deposit to a bank account
• Online bill pay
• ATM
• Mailing distribution request
This account requires a $1,000 opening deposit and holds a $16/month fee if daily balance requirement is not met.
What is the Associated Select Money Market?
What is the monthly fee on the Associated Relationship Savings for average balances <$10,000?
These are the opening deposit amounts for standard and special CD terms
What are $1,000 and $5,000?
This is the last day consumers can make a prior-year contribution to their IRA.
What is tax day? (April 15th)
These are the three ways funds can be held in the Associated Bank HSA
What are cash, investment, or HSA CD?
Balances exceeding this amount will earn the higher tier of interest on the Associated Relationship Savings
What is $100,000+
This savings solutions offers customers the option to order checks for easier access to funds.
What is the Associated Select Money Market?
This is the compouding frequency on our CD products
These three product types can house an IRA
What are the IRA CD, IRA money market, or Starter IRA?
This is the impact of making a non-qualified distribution from an HSA for individuals under 65 who are not disabled.
What is federal income taxation and a 20% federal penalty?
This is the current ARS promo
What is 3.5% APY for six months with a new money deposit of $25,000 or greater?
This is the required scripting to quote rates on any interst bearing product
What is "As of <today's date> the Annual Percentage Yield is X.XX%, based on an interest rate of X.XX%."
This product can be a solution for customers looking for a "Christmas Club" account
What is an add-on CD?
Contributions to a traditional IRA are tax advantageous because they reduce this
What is Adjusted Gross Income?
These are the three tax advantages of an HSA
What are...
1.) Contributions are pre-tax
2.) Growth is tax free
3.) Distributions for qualified expenses are tax free