Personal Savings Accounts

• Statement Savings
  Earn interest and provide flexible withdrawal privileges. A $100 minimum balance is required.*
• INVESTigators Student Savings Club
  Help youth under the age of 15 learn to save. Offering an interest-bearing account, prizes for saving regularly, INVESTigator deposit and withdrawal slips, and INVESTigator savings register cover.
• U.S. Savings Bonds
  Provide one of the safest investment opportunities in the United States. EE and HH bonds in a variety of denomination are available.
• Certificates of Deposit
  Enjoy guaranteed rates, FDIC insured, and the choice of terms to fit your needs.
• Individual Retirement Accounts
  Save for retirement and enjoy tax advantages!**
• Health Savings Accounts
  Put money aside, tax-deferred, for medical expenses.

Savings Options for Your Child's College Education

BankWest's Their Future CD

• No income or contribution limits.
• Interest is reported as income to the child.
• Beneficiary assumes control at age 18.
• Funds remain in FDIC insured account until May of child’s senior year in high school. Interest rate is variable and adjusted regularly to reflect market rates. Penalty for early withdrawal.

529 Savings Plan

• No Limits. Anyone can contribute.
• Contribution limits vary from approximately $100,000 to $250,000, or more.
• Earnings can grow free from federal tax, and withdrawals for qualified high education expenses are free from federal tax.*
• Owner (parent or grandparent for example) maintains control of the assets, decides when withdrawals will be made and can change the beneficiary.
• You can move assets among funds once each calendar year or when you change beneficiaries.

Coverdell Education Savings Account

• Ability to contribute may be restricted due to income levels.
• May contribute $2,000 per year per beneficiary.*
• Earnings can grow free from federal tax, and withdrawals for elementary, secondary* and qualified higher education expenses are free from federal tax.
• Beneficiary may assume control at age of majority, 18 or 21 in most states.
• You can move your assets as often as you want.

Parents’ Investment Account

• No income or contribution limits.
• Dividends and interest are taxed to parents at ordinary income rates, and capital gains are taxed at capital gain rates.
• Owner maintains control of assets and decides when withdrawals will be made.
• You can move your assets as often as you want, but each transfer usually involves a taxable event.

* These tax benefits are effective through 2010 unless extended by Congress. Neither Woodbury Financial Services, Inc. nor its representatives offer tax or legal advice. For assistance with these matters, please consult your tax or legal advisor.

Securities and investment advisory services are offered through Woodbury Financial Service, Inc. Member FINRA, SIPC and Registered Investment Advisor. BankWest and Woodbury Financial Services, Inc. are not affiliated entities. Securities offered only where licensed to do business. Currently licensed in SD, ND, MN, AZ, CA, CO, DC, FL, GA, ID, IL, IN, IA, KS, MT, NE, NV, NJ, NM, TX, VA, WA, WY.

Investment products are not deposits, not FDIC insured, not insured by any federal government agency, not guaranteed by the bank, and may go down in value.