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| Savings Account |
| Put your money to work for you! Our
Savings Account is the easy way to save with confidence. |
- earn interest on your account balance
- interest compounds and is paid quarterly
- up to six preauthorized transfers
per month
- get two free withdrawals per month
($1 fee per
each additional withdrawal)
- open with $250 or less for customers
with existing
account relationship
- with $200 minimum balance, you avoid
a $3 monthly
service charge
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| Money Market Investment Account |
For those who carry a higher account balance,
Money Market Interest may
interest you! |
- earn interest on your account balance
- with $1,000 minimum balance, you avoid a $10
monthly service charge
- unlimited in-bank withdrawals
- interest compounds and is paid monthly
- preauthorized withdrawals are limited to no
more than six per month, of which only three may be third-party
checks
- open with $1,000
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| Next Generation Savings |
Learning to save is an important lesson
for
children of all ages! Start here with this great beginner account. |
- available to children under 18 yrs. whose parent/guardian
have existing accounts at First State Bank
- earn interest on your account balance
- interest compounds and is paid quarterly
- no monthly service charge or minimum balance requirement
- open with $75
- limit one account per child
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| Certificate of Deposit (CD) |
| Want to invest in a secure deposit account? First State Bank offers competitive rates on a variety of CD terms from 3 months to 5 years. Please call us today to hear our up-to-the-minute rates and CD “specials.” |
| All CDs can be opened with a minimum balance of $1,000. |
| Three and Six Month Terms |
- Interest is credit to the account at maturity (simple interest)
- Penalty for early withdrawal is three months' loss of interest, earned or not
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| Twelve Month Terms |
- Interest is compounded daily and credited to the account semiannually
- Penalty for early withdrawal is three months’ loss of interest, earned or not
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| Eighteen to Sixty Month Terms |
- Interest is compounded daily and credited to the account semiannually
- Penalty for early withdrawal is six months' loss of interest, earned or not
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| You will have ten calendar days after maturity of the CD to withdraw funds or make changes without penalty (interest does not accrue in that time frame if not rolled over) |
| Monthly and quarterly interest checks or interest transfers to a First State Bank deposit account are available (preferably with CD balances of $5,000 or more). |
| All of our standard certificates can also be opened as an IRA (Individual Retirement Account). IRAs have the same rules as CDs, but only require $250 to open. |
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