Helping you change things for the better

First State Bank provides a wide variety of accounts and services--all designed to fit your needs.

 

SERVICE LIST AND CHARGES

Effective 5-20-16, last changed 4-1-14

All depository accounts require a minimum opening balance of $100, except for Minor Savings, which require $10.

** All ledger entries, debit or credit, refer to paper or electronic items**

PERSONAL AND NON-PROFIT CHECKING ACCOUNTS

FREE CHECKING- No service charge. First 40 printed checks free. Detailed truncated, ELECTRONIC statement available monthly. Beginning June 1, 2016 ELECTRONIC STATEMENT ONLY. With paper statement, $1 mailing and handling charge. Overdraft/Returned fees $29 per check.

 

STUDENT FREE CHECKING- No service charge. First 40 printed checks free. Detailed truncated, ELECTRONIC statement available monthly. Beginning June 1, 2016 ELECTRONIC STATEMENT ONLY. With paper statement, $1 mailing and handling charge. Overdraft/Returned fees $29 per check. No monthly debit card fee.

 

REGULAR CHECKING- No service charge if $500 balance maintained. If balance falls below $500, service charge is $8.50 (formerly $8.00) per month.

 

SPECIAL CHECKING- No minimum balance required with a monthly maintenance fee of $6.50 (formerly $6.00). Ten (10) free debits are allowed; $0.50 per debit for every debit over 10.

 

SENIOR CHECKING- For those 55 and older. No service charge. No minimum balance.

 

CLUB ACCOUNT- $10 per month service charge. Up to 600 free checks per year, plus other discounts and services. One free money order per transaction. One free Cashier’s Check per month. $12,000 AD&D insurance.

 

NON-PROFIT ORGANIZATION ACCOUNT- No service charge. Special services to serve the distinct financial needs of non-profit organizations.

 

 

COMMERCIAL CHECKING ACCOUNTS

BUSINESS CHECKING- Earnings credit based on 3-month T-Bill rate, can offset charges of 15¢ per ledger entry** (checks or deposits), 10¢ (formerly 9¢) per transit item (checks deposited or cashed), $10 (formerly $9.00) monthly maintenance charge.

 

SMALL BUSINESS CHECKING- No service charge if average collected monthly balance is greater than $5,000; otherwise, $10/month charge includes 50 ledger entries** (checks or deposits, with excess charged @ 20¢ each), and 50 free transit items deposited, with excess charged @ 10¢ each.

 

 

INTEREST BEARING ACCOUNTS

NOW CHECKING- Interest is paid monthly on balance of $1000 and more; varies based on 3-tiered rate. Rate is variable and can change weekly. If balance falls below $1,000, $9.00 (formerly $8.50) month service charge. Up to 30 debits per month free; 15¢ per excess debit.

 

NOW CLUB- NOW Account with the benefits of Club Account; $10 per month service charge (see Club charges/info above).

 

SUPER NOW CHECKING- Interest is paid monthly on balances of $2500 and above; varies based on three tiered rate. Rate is variable and can change weekly. If balance falls below $2500, $9.00 (formerly $8.50)month service charge and interest paid at NOW rate. Up to 30 debits per month free; 15¢ per excess debit.

 

SUPER NOW CLUB- Super NOW Account with the benefits of Club Account. $10 per month service charge (see Club charges/info above).

MONEY MARKET SAVINGS- Money market rate, subject to change weekly, paid on balances of $2,500 and higher, with a tiered rate. If balance falls below $2,500, $11/month (formerly$10.00) service charge and rate drops to NOW rate. Withdrawals limited by law to a total of six checks and transfers per month. Excess withdrawals charged at $10 each. If commercial account purpose, 10¢ (formerly 8¢) per transit item (cashed or deposited).

 

COMMERCIAL INTEREST CHECKING ACCOUNT- Tiered rate based on average collected monthly balance, 15 cents per ledger entry** (checks or deposits), 10¢ (formerly 8¢) per transit item (checks deposited or cashed), $10 (formerly $9.00)monthly maintenance charge.

 

INVESTMENT ACCOUNT- Minimum balance of $25,000. If balance falls below minimum, $15 (formerly $10.00) fee; 3-tier rate, based on 3 month T-bill rate. One withdrawal allowed per month. Excess withdrawals charged at $10 each.

 

PRIME PLUS 30 ACCOUNT - For depositors with over a 30-year relationship with FSB. Same features as the Investment Account, with a preferred 3-tier rate.

 

PATRIOT ACCOUNT - For depositors who have served in the US military. Same features as the Investment Account, with a preferred 3-tier rate.

 

PASSBOOK SAVINGS - Interest is accrued daily and paid quarterly on collected daily balance. No interest paid on balances less than $100. Service Charge is $2/month if average collected balance is less than $100. After one withdrawal per month, a $2.00 (formerly $1.50) service charge per withdrawal.

 

MINOR PASSBOOK SAVINGS – Interest is accrued daily and paid quarterly on collected daily balance. No interest paid on balances less than $25. After one withdrawal per month, $2.00 (formerly $1.50) service charge per withdrawal. Account changes to regular Passbook Savings when minor turns 18.