SAVINGS ACCOUNTS
Our tiered structure allows your higher balance account to earn higher interest rates. Interest is paid monthly at Money Market rates on all daily collected account balances, based on the following tiers:
Tier 1 $0 - $999.99
Tier 2 $1000 - $24,999.99
Tier 3 $25,000 - $99,999.99
Tier 4 $100,000 – 499,999.99
Tier 5 Over $500,000.00
*Rates subject to change daily
Requirements
• $100 is required to open the account
• $2500 minimum to avoid a service charge
Benefits
• Interest bearing
• Free Internet & Telephone Banking
• Free Statement with Images
• Free Preferred Checks
Cost
• A $10.00 Service Charge will be imposed every month if the daily minimum balance falls below $2,500 within the statement cycle. Fees could reduce the earnings on this account.
• During any calendar month or statement cycle of at least four weeks, you may not make more than 6 withdrawals. For each additional check or withdrawal, a $10.00 Excessive Withdrawal fee applies. By federal regulation, transfers from a Money Market account to another account or to third parties by preauthorized, computer, automatic or telephone transfer are limited to 6 per month.
• If you exceed the transfer limitations set forth above in any statement period, your account will be subject to product change to unlimited transaction account.
Earn competitive interest. Transfer money from your First State Bank checking account to your savings account using online banking, phone transfer or automatic transfer and watch your balance grow.
This is a variable rate account. The interest rate and annual percentage yield may change after the account is opened.
Requirements
• $100 is required to open the account
• In order to earn the disclosed annual percentage yield, you must maintain a balance of $100.00.
• A minimum daily balance requirement of $100.00 is required to avoid the monthly Service Charge. You will earn interest for every day during the period that your account equals or exceeds the minimum daily balance requirement.
Benefits
• Interest bearing
• Unlimited number of deposits allowed
• Free Internet & Telephone Banking
• 24-hour ATM access
• No Check Card access
• Three withdrawals allowed per month with no charge
• $2.00 Excessive Withdrawal Fee per debit beyond three