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Accounts

What account is in your best interest?

When you trust your money to a bank, you want to be sure it’s in an account that’s right for you. One that gives you the most for what you need. That’s exactly why First State Bank has so many accounts to choose from. From Regular Checking to Super Money Market account, you’ll find the one account that has your best interest at heart.

Regular Checking

Description

High Volume, easy access, transaction account

 

Requirements

  • Minimum amount to open $100

 

Benefits

  • No monthly service charge for minors or full time students
  • No per check charge

 

Cost

  • Balance maintained to avoid monthly Service Charge – $500 and above
  • Balance $499.99 and below anytime during statement cycle – a $8 monthly fee
  • Senior Citizens 62 and over- $3 monthly fee
Interest Bearing Checking

Description

High Volume, easy access, transaction account earning interest

 

Requirements

  • Minimum amount to open $1,500

 

Benefits

  • Interest paid monthly, compounded daily, variable rate
  • No per check charge

 

Cost

  • Balance maintained to avoid monthly service charge – $1,500
  • Balance $1,499.99 and below anytime during statement cycle – $16 monthly fee
Super Interest Bearing Checking

Description

High Volume, easy access, transaction account earning interest

 

Requirements

  • Minimum amount to open $5,000

 

Benefits

  • Interest paid monthly, compounded daily, variable rate
  • No per check charge

 

Cost

  • Balance maintained to avoid monthly service charge – $5,000 & above
  • Balance $4,999.99 and below anytime during statement cycle – $16 fee will be accessed
Money Market Account

Description

Deposit account earning more interest than transaction accounts

 

Requirements

  • Minimum amount to open – $1,500
  • Only 6 transfers from your account per month

 

Benefits

  • Interest paid monthly, compounded daily, variable rate

 

Cost

  • Balance maintained to avoid monthly service charge – $1,500 and above
  • Balance $1,499.99 and below anytime during statement cycle – $16 monthly fee will be accessed
Super Money Market Account

Description

Deposit account earning higher interest than regular Money Market Account

 

Requirements

  • Minimum amount to open – $7,500
  • Only 6 transfers from your account per month

 

Benefits

  • Interest paid monthly, compounded daily, variable rate

 

Cost

  • Balance maintained to avoid monthly service charge – $7,500 and above
  • Balance $7,499.99 and below anytime during statement cycle – $16 monthly fee will be accessed
Passbook Savings

Description

Savings account earning interest with lower minimum balance requirements

 

Requirements

  • Minimum amount to open – $25
  • No outside the bank transactions
  • Only 6 transfers a month with no more than 9 per quarter

 

Benefits

  • Interest paid quarterly, compounded daily, variable rate
  • No quarterly service charge for minors or full time students

 

Cost

  • Balance maintained to avoid quarterly service charge – $100 & above
  • Balance $99.99 and below anytime during quarterly statement cycle $4 service fee.
  • Debits in excess of 9 per quarter – .50 an item
Certificates of Deposit (CDs)

Description

Time deposits with higher interest & fixed terms

 

Requirements

  • Contact the bank for details

 

Benefits

  • Contact the bank for details

 

Cost

  • Contact the bank for details
Individual Retirement Accounts (IRAs)

Description

Tax Deferred time deposits with higher interest & fixed terms

 

Requirements

  • Contact the bank for details

 

Benefits

  • Contact the bank for details

 

Cost

  • Contact the bank for details