Whether you’re just opening your doors or looking for better ways to manage your cash flow, First State Bank offers several checking and savings account options to meet the unique needs of your business.

Regular Checking

A checking account designed for easy access to your money with low balance minimums and unlimited check writing.

 Account Features:

• • Minimum opening deposit $100
  • Monthly service fee $5 – waived by maintaining a minimum daily balance of $400 or more.
  • Below $400 minimum daily balance-tiered monthly service fee as follows:

$300 to $400 minimum daily balance…. $3.00

$200 to $300 minimum daily balance…. $4.00

$0 to $200 minimum daily balance…. $5.00

• • Paper or E-statements

 NOW Checking

 An interest-bearing checking account for those who write numerous checks and keep a moderate balance.

• Account Features:
• • Minimum opening deposit $1000
  • Available to Individuals, Qualified Non-Profit, Trust Funds, Estate Funds, Government Entities, and Sole Proprietorships only.
  • Monthly service fee $6 – waived by maintaining an average daily balance/or minimum daily balance of $1000.
  • If the minimum average daily balance/or minimum daily balance is $1,000 or greater, this account earns interest at the current rate set by the Bank. Interest is compounded monthly and credited monthly.
  • Paper or E-statements

Super NOW Checking

 Maintain a higher balance? Cash in on interest – bearing checking.

• Account Features
  • Minimum opening deposit $2000
  • Available to Individuals, Qualified Non-Profit, Trust Funds, Estate Funds, Government Entities, and Sole Proprietorships only.
  • Monthly service fee $6 – waived by maintaining an average daily balance/or minimum daily balance of $1000.
  • Tiered interest rates are available at the current rate set by the Bank with interest credited monthly and compounded monthly.
  • Paper or E-statements

 Regular Savings

 Build your short-term savings with our basic deposit account.

• Account Features:
  • Minimum opening deposit $100
  • Monthly service fee $5 – waived with a minimum daily balance of $10.
  • No minimum balance required to receive interest. Interest is compounded daily and credited quarterly.

Other requirements:  One withdrawal per monthly statement cycle, 3 per quarterly cycle are permitted and a $2 per excess transaction fee will be assessed if transaction limits are exceeded.

 Money Market

 A money market is the best of checking and savings. Write checks or watch your money grow with competitive interest.

• Account Features:
  • Enjoy flexibility with enhanced access to funds, including direct check writing: Unlimited over-the-counter withdrawals 6 free transactions per month by pre-authorized automatic, telephone, checks, drafts, or other similar order; $10 per transaction in excess thereafter

CDs

 A little patience can lead to a big payout.

CDs are interest-bearing deposit accounts for individuals that wish to earn a greater rate of interest than available through a regular savings account. Lock in a fixed interest rate on your funds in exchange for agreeing to keep the specified amount of funds in the account for a certain period of time (term).

• Terms:
  • Terms range from 1 month to 3 years
  • $1000.00 minimum to open.
  • No monthly service fee
  • Account must stay open through the contracted term to avoid an early withdrawal penalty.
  • Interest rates offered vary with market conditions and paid at term maturity or annually whichever comes first.
  • Interest earned may be paid by check, deposited into a First State Bank checking or savings account, or re-deposited into your CD.

Other Requirements: Funds in a CD can be withdrawn at any time, however withdrawals made before maturity are subject to an early withdrawal penalty (half the term’s interest that would have accrued). At maturity, there is a 10-day grace period during which funds can be taken out or  added without penalty.