| INTEREST BEARING ACCOUNTS |
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- The interest rate and annual percentage yield are subject to change at management's discretion on the first day of each month.
- Interest begins to accrue on the business day you deposit cash or non- cash items (for example, checks).
- Must maintain a minimum average daily balance of $500 to obtain the disclosed APY.
- Interest will be compounded monthly and credited to your account the last business day of each month. If you close your account before interest is credited, you will not receive the accrued interest.
- We use the average daily balance method to calculate interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.
- Service charges are applied only one time per month.
- Fees could reduce earnings.
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Now Account
| Minimum balance |
$1,000.00
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| Service charge for balances below $1,000 |
$10.00
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Super NOW Account
| Minimum balance |
$2,500.00
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| Service charge for balances below $2,500 |
$10.00
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Money Market Checking
| Minimum balance |
$2,500.00
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| Service charge for balances below $2,500 |
$10.00
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You may make six (6) transfers per month, but only three (3) may be by check to a third party.
| Current Rates Effective as of 07/01/08 |
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Interest Rate
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Annual Percentage Yield
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| NOW Accounts |
1.00%
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1.00%
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| SUPER NOW Accounts |
1.25%
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1.25%
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| Money Market Accounts |
1.25%
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1.25%
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| SAVINGS ACCOUNTS |
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- The interest rate and annual percentage yield are subject to change at management's discretion each quarter.
- Interest begins to accrue on the business day you deposit cash or non-cash items (for example, checks).
- Must maintain a minimum average daily balance of $200 to obtain the disclosed APY.
- Interest will be compounded quarterly and credited to your account the last business day of each quarter. If you close your account before interest is credited, you will not receive the accrued interest.
- We use the average daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.
- Service charges are applied only one time per month.
- Fees could reduce earnings.
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Passbook Savings
| Minimum balance |
$200
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| Service charge for balances below $200 |
$1.00
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One free withdrawal per month
Each additional withdrawal |
$1.00
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Youth Passbook Savings
All monthly fees are waived for Youth accounts maintained or held for a person under 18 years old. Person responsible for the account must certify that the account is for a person under 18 and give date of birth, otherwise charges will be made. |
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Christmas Club
Our Christmas Club is a 50 week account. Starting November 01, 2007 running through October 13, 2008. |
**We offer three easy payment options.** |
| Weekly payments of $5.00 will yield |
$250.00*
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| Weekly payments of $10.00 will yield |
$500.00*
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| Weekly payments of $20.00 will yield |
$1,000.00*
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*Make at least 49 payments or more and we will make your last one for you!!! |
Ask one of our friendly Customer Service Representatives today for more information! |
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| Current Rates Effective as of 07/01/08 |
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Interest Rate
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Annual Percentage Yield
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| Passbook Savings |
1.00%
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1.00%
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| CD's / IRA's |
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CD's
A certificate of deposit (CD) guarantees a competitive interest rate for periods from 91 days to 48 months: for as long or as short a period as you like. This way you can match the maturity date with your future cash needs.
- The interest rate for your account will be paid until the maturity date of your certificate.
- The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
- This account will automatically renew at maturity. You will have ten (10) calendar days after the maturity date, to withdraw funds without being charged a penalty. If you withdraw the funds during the ten days after the maturity date, you will not receive the accrued interest since the maturity date. If the original term of your certificate was 12 months or less you would be charged an early withdrawal penalty of 3 months interest. If the original term was in excess of 12 months you would be charged an early withdrawal penalty of 6 months interest.
- Interest will be compounded quarterly on all certificates except the 182 day certificate on which interest will be compounded semi-annually.
- Interest will be credited to your account quarterly on all certificates except the 182 day certificate on which interest will be compounded semi-annually. You may receive interest by check if requested when opening the account.
- Interest begins to accrue on the business day you deposit cash or non-cash items (for example, checks).
- After the account is opened, you may not make deposits into this account until the maturity date.
- We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.
- Fees could reduce earnings.
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Individual Retirement Accounts
- Traditional IRA's
First State Bank offers IRA's for qualified individuals who wish to take advantage of minimizing their taxes now through tax-deductible contributions up to $5,000.00 in 2008 if less than 50 years of age, 50 years of age or older $6,000.00 (catch-up). Contributions cannot exceed taxable income (earned monies). Contributions cease at age 70 1/2 and required minimum withdrawals begin.
- Roth IRA
First State Bank offers Roth IRA's for individuals who are eligible to contribute to a Roth IRA. You do not pay taxes on your earnings provided you take the earnings as part of a qualified distribution. With a Roth IRA your contribution is not tax-deductible and there is no age limit on contributions.
- The interest rate on your IRA is guaranteed for 12 months.
- The account will automatically renew at maturity. You will have ten (10) calendar days after the maturity date to withdraw funds without being charged a bank penalty.
- Interest begins to accrue on the business day you deposit cash or non-cash items (for example, checks).
- The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
- Interest will be compounded quarterly and credited to your account.
- If any of the deposit is withdrawn before the maturity date, a penalty of three (3) months interest will be assessed.
- Fees could reduce earnings.
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| Current Rates Effective as of 07/02/08 |
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Interest Rate
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Annual Percentage Yield
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| Certificates of Deposit |
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2.40%
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2.41%
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N/A
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N/A
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1.75%
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1.76%
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2.25%
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2.26%
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2.60%
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2.62%
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2.25%
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2.27%
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2.35%
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2.37%
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2.60%
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2.62%
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2.75%
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2.78%
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3.00%
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3.03%
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3.25%
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3.29%
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| Individual Retirement Accounts |
2.50%
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2.52%
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| NON INTEREST BEARING ACCOUNTS |
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Free'N Easy Checking Account
| NO Minimum balance |
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| NO Monthly Service fee |
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| Debit Card required |
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Receive statement electronically (E-Statement)
Overdraft Privilege* Free On-Line Banking Free Telephone Banking Free Identity Theft Protection Fee Free PrivaCash Pre-Paid Card Free Notary Service |
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| Stop by any First State Bank location and ask our friendly, helpful staff about Free'N Easy Checking....Simplifying life with convenient banking at your fingertips. |
*overdraft charges apply |
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Regular Checking Account
| Minimum balance $300 |
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| Service charge for balances below $300 |
$3.00
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| Service charge for balances below $100 |
$5.00
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ATM card and Debit card available
Service charges are applied on the last business day of the month. |
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Small Business Checking
| Minimum balance $300 |
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| Service charge for balances below $300 |
$3.00
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| Service charge for balances below $100 |
$5.00
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| Account Analysis may apply |
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Regular Business Checking
Account Analysis applied. Ask one of our bank officers for a quote.
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