PRODUCTS & SERVICES
Checking Accounts
Savings Accounts
Individual Retirement Accounts
Customer type is limited to personal. Images of checks will be returned with the monthly statement. The cost of checks will vary with the style and quantity.
Limitations: You must deposit $100.00 to open this account.
Account Fees: No monthly service charge. There is no minimum balance requirement.
Customer type includes all business’ including Partnership, Unincorporated Associations, Sole Proprietorships, Limited Liability Companies, and Corporations. Images of checks will vary with the style and quantity.
Limitations: You must deposit $100.00 to open this account.
Account Fees: No monthly service charge.There is no minimum balance requirement.
Customer types allowed include Personal, Unincorporated Association, Estate, Fiduciary, Sole Proprietorship & Trust.
Rate Information: This account is an interest bearing account. The interest rate and annual percentage yield may change.At our discretion, we may change the interest rate on the account at any time, but not more frequently than weekly.Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).Interest will be compounded monthly and will be credited to the account monthly.
Balance Information: We use the daily collected balance method to calculate the interest on the account. This method applies a daily periodic rate to the collected balance in the account each day
Limitations: You must deposit $1,500.00 to open this account.
Account Fees: A service fee of $10.00 will be imposed every statement cycle if the balance in the account falls below $1,500.00 any day of the cycle.
Customer types allowed include Personal, Unincorporated Association, Estate, Fiduciary, Sole Proprietorship & Trust.
Rate Information: This account is an interest bearing account. The interest rate and annual percentage yield may change.At our discretion, we may change the interest rate on the account at any time, but not more frequently than weekly.Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).Interest will be compounded monthly and will be credited to the account monthly.
Balance Information: We use the daily collected balance method to calculate the interest on the account. This method applies a daily periodic rate to the collected balance in the account each day
Limitations: You must deposit $5,000.00 to open this account.
Account Fees: A service fee of $10.00 will be imposed every statement cycle if the balance in the account falls below $5,000.00 any day of the cycle.
Customer types allowed include Personal, Business (No Corporations or LLC's), Estate, Fiduciary & Trust.
Rate Information: This account is an interest bearing account. The interest rate and annual percentage yield may change.At our discretion, we may change the interest rate on the account at any time, but not more frequently than weekly.Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).Interest will be compounded monthly and will be credited to the account monthly.
Balance Information: We use the daily collected balance method to calculate the interest on the account. This method applies a daily periodic rate to the collected balance in the account each day.
Limitations: You must deposit $2,500.00 to open this account. You may make six (6) transfers from your account each four (4) week or similar period, if by preauthorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction. Three (3) of these transfers may be made by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties.
Account Fees: A service charge fee of $10.00 will be imposed every statement cycle if the balance in the account falls below $2,500.00 any day of the cycle. A per item fee of $10.00 will be charged for each check paid in excess of three (3) per month.
MONEY MARKET INVESTOR ACCOUNT (TIER #1)
Rate Information: This account is an interest bearing account. The interest rate and annual percentage yield may change.At our discretion, we may change the interest rate on the account at any time, but not more frequently than weekly.Interest will be compounded monthly and will be credited to the account monthly.Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
Balance Information: We use the daily collected balance method to calculate the interest on the account. This method applies a daily periodic rate to the collected balance in the account each day.You must maintain a minimum balance of $25,000.00 in the account each day to obtain the disclosed annual percentage yield.
Limitations: You must deposit $25,000.00 to open this account. You may make six (6) transfers from you account each four (4) week or similar period, if by preauthorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction. Three (3) of these transfers may be made by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties.
Account Penalties & Fees: If your balance falls below $25,000.00 since the last time that interest was paid to your account, the accrued interest will be forfeited.
A per item fee of $10.00 will be charged for each check paid in excess of three (3) per month.
MONEY MARKET INVESTOR ACCOUNT (TIER #2)
Rate Information: This account is an interest bearing account. The interest rate and annual percentage yield my change.At our discretion, we may change the interest rate on the account at any time, but not more frequently than weekly.Interest will be compounded monthly and will be credited to the account monthly. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
Balance Information: We use the daily collected balance method to calculate the interest on the account. This method applies a daily periodic rate to the collected balance in the account each day.You must maintain a minimum balance of $100,000.00 in the account each day to obtain the disclosed annual percentage yield.
Limitations: You must deposit $100,000.00 to open this account. You may make six (6) transfers from you account each four (4) week or similar period, if by preauthorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction. Three (3) of these transfers may be made by check, draft, debit card or similar order (including POS transactions), make by the depositor and payable to third parties.
Account Penalties & Fees: If your balance falls below $100,000.00 interest will begin to accrue at the current interest rate for the Money Market Investor Account Tier #1.You will retain the interest that was accrued at the Money Market Investor Account Tier #2 unless, your account balance falls below $25,000.00 since the last time that interest was paid to your account, at that time all of the accrued interest will be forfeited.
A per item fee of $10.00 will be charged for each check paid in excess of three (3) per month.
Customer types include Personal, Business, Estate, Trust, Partnership, Limited Liability Companies, and Corporations.
Rate Information: This account is an interest bearing account. The interest rate and annual percentage yield may change.At our discretion, we may change the interest rate on the account at any time, but not more frequently than weekly.Interest begins to accrue no later that the business day we receive credit for the deposit of noncash items (for example, checks).Interest will be compounded quarterly and will be credited to the account quarterly.
Balance Information: We use the daily collected balance method to calculate the interest on the account. This method applies a daily periodic rate to the collected balance in the account each day.
Limitations: You must deposit $25.00 to open this account. You may make six (6) transfers from your account each four (4) week or similar period, if by preauthorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction. No more than three (3) of these six (6) transfers may be made by draft or similar order payable to a third party. If you exceed or attempt to exceed these limits, we may refuse the excess transfer, impose a fee, and /or reclassify or close your account.
Account Fees: There is no quarterly service charge if the minimum daily balance is above $25.00. A service fee of $3.00 will be imposed every statement cycle if the ledger balance in the account falls below $25.00 any day of the cycle.A per item fee of $1.00 will be charged for each debit transaction (withdrawal, automatic transfer or payment out of this account) in excess of nine during a quarter.
This account is available for all children from birth through 6th grade. With the Money Bee Savings program at First State Bank, the money bees will have fun while learning about having a savings account. You will receive newsletters, special parties, promotions only for Money Bees and prizes, prizes, prizes.Give us a call to get signed up.
Rate Information: This account is an interest bearing account. The interest rate and annual percentage yield may change.At our discretion, we may change the interest rate on the account at any time, but not more frequently than weekly.Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).Interest will be compounded quarterly and will be credited to the account quarterly.
Balance Information: We use the daily collected balance method to calculate the interest on the account. This method applies a daily periodic rate to the collected balance in the account each day.
Limitations: You must deposit $10.00 to open this account. You may make six (6) transfers from your account each four (4) week or similar period, if by preauthorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction. No more than three (3) of the six (6) transfers may be made by draft or similar order payable to a third party. If you exceed or attempt to exceed these limits, we may refuse the excess transfer, impose a fee, and/or reclassify or close your account.
Account Fees: There is no service charge for this account.
We offer many different maturities for certificates of deposit, ranging from thirty (30) day to sixty (60) month.
Rate Information: These accounts are interest bearing accounts. The interest rate and annual percentage yield will not change for the term of the account. The interest rate will be in effect for the full term of the certificate. Interest begins to accrue on the business day you deposit noncash items (for example, check).
Balance Information: We use the daily balance method to calculate the interest on the account.This method applies a daily periodic rate to the principal in the account each day. You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield.
Limitations: You must deposit $1,000.00 to open this account. You may not make additional deposits into this account, unless it is an IRA account or a College Saver CD.You may not make withdrawals from you account until the maturity date.
Time Account Information: If you withdraw any of the principal before the maturity date we may impose a penalty. The penalty amount can vary from loss of thirty (30) days interest to a loss of 180 days of interest depending on the term of the Certificate of Deposit. No partial principal withdrawals will be allowed. (Exceptions listed in Deposit Account Agreement and Disclosure.) We will use the nominal (simple interest) rate in effect to calculate the amount of the penalty.We will charge the penalty first against the interest remaining in the account at the time of the withdrawal, and any excess penalty will be deducted from the principal amount you withdraw.The annual percentage yield assumes interest compounds semi annually and will remain on deposit until maturity. A withdrawal will reduce earnings.
You may obtain the account with or without an automatic renewal feature. You must tell us which kind of account you want before the account is opened. If you select your account to automatically renew, your account will automatically renew at maturity. You will have 10 days after the maturity date to withdraw funds without penalty. If you do not select the automatic renewal option, the account will not renew at maturity.
INDIVIDUAL RETIREMENT ACCOUNTS
IRA’s are offered under the same maturities and interest rates as Certificates of Deposit.
Qualifications: In order to qualify for you Golden Passport membership, you need to be 55 or older and have a total balance on deposit at First State Bank of $2,500.00 or more.This deposit balance may be a combination of checking or savings accounts, certificates of deposit, or IRA’s.The minimum balance must be maintained to remain an active member.
BENEFITS
As a member of Golden Passport you will receive the following benefits: