INTEREST BEARING ACCOUNTS
Now Accounts Super Now Accounts Money Market Accounts Current Rates
  • 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.

Now Account
Minimum balance
$1,000.00
Service charge for balances below $1,000
$7.00
Overdraft Privilege*

Super NOW Account
Minimum balance
$2,500.00
Service charge for balances below $2,500
$7.00
Overdraft Privilege*

Money Market Checking
Minimum balance
$2,500.00
Service charge for balances below $2,500
$7.00
Overdraft Privilege*
You may make six (6) transfers per month, but only six (6) may be by check to a third party.

* $20.00 overdraft charge per check, in-person withdrawal, ATM withdrawal, or other electronic means applies. Payments of overdrafts are at the discretion of the bank, and the privilege may be revoked at any time.

Current Rates Effective as of 05/01/13
Interest Rate
Annual
Percentage Yield
NOW Accounts
0.15%
0.15%
SUPER NOW Accounts
0.15%
0.15%
Money Market Accounts
0.15%
0.15%

SAVINGS ACCOUNTS
Passbook Savings Youth Accounts Christmas Club Current Rates
  • 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).
  • 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.

Passbook Savings
Minimum balance
$200
Service charge for balances below $200
$1.00
One free withdrawal per month
     Each additional withdrawal
$1.00

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.

Christmas Club
  • You will earn a Bonus which will be one (1) payment equal to the payment account you selected. This account does not earn interest and will not have an Annual Percentage Yield (APY).
  • $5 Minimum to open the account. You may choose between a $5, $10 or $20 payment option.
  • Payments should be made weekly using the coupon. Each account has 50 payment coupons. The 49th payment must be made by October 15th. The final payment (Bonus) will be paid to the account upon check issuance. Payments may be set up on automatic transfer from an account with this bank.
  • A minimum of 49 weekly payments is required to earn the Bonus payment. “Catch-up” payments must be made no less than monthly in order to earn the Bonus.
  • New accounts may be opened from November 1 to March 31 of each year. You will receive a check for the balance plus Bonus no later than November 1st of each year. Except for accounts set up on automatic transfer the account is considered “closed” at this time. If payments are made by automatic transfer, transfers will continue to be made until canceled by you.
  • If you close the account prior to October 15th you will not earn the Bonus.
  • No Monthly Service Charge
  • See Other Services and Fee Schedule

    • Current Rates Effective as of 05/01/13
    Interest Rate
    Annual Percentage Yield
    Passbook Savings
    0.15%
    0.15%

    CD's / IRA's
    Certificates of Deposit Individual Retirement Accounts Current Rates
    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 and the 7 month certificate on which interest will be compounded at maturity.
    • Interest will be credited to your account quarterly on all certificates except the 182 day certificate on which interest will be compounded semi-annually and the 7 month certificate on which interest will be compounded at maturity. 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.
    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.

    Current Rates Effective as of 05/22/13
    Interest Rate
    Annual Percentage Yield
    Certificates of Deposit
    7 Month SP
    $1000 MIN*
    0.40%
    0.40%
    17 Month SP
    $1000 MIN*
    N/A
    N/A
    91 Day
    $1000 MIN*
    0.20%
    0.20%
    182 Day**
    $1000 MIN*
    0.35%
    0.35%
    9 Month
    $1000 MIN*
    0.50%
    0.50%
    12 Month
    $100 MIN*
    0.50%
    0.50%
    15 Month
    $100 MIN*
    0.55%
    0.55%
    18 Month
    $100 MIN*
    0.60%
    0.60%
    24 Month
    $100 MIN*
    0.70%
    0.70%
    30 Month
    $100 MIN*
    0.70%
    0.70%
    48 Month
    $100 MIN*
    1.10%
    1.10%

    *Minimum Balance to open and obtain APY.
    Individual Retirement Accounts
    0.50%
    0.50%

    NON INTEREST BEARING ACCOUNTS
    Free'N Easy Checking Regular Checking Business Checking Senior Checking

    Free'N Easy Checking Account
    NO Minimum balance
    NO Monthly Service fee
    Debit Card required
    Receive statement electronically (E-Statement)
    Overdraft Privilege*
    Free On-Line Banking
    Free Telephone Banking
    Free ATM Withdrawals (ATM owner surcharge may apply)
    Free Notary Service
    $50.00 minimum opening balance
    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.
    * $20.00 overdraft charge per check, in-person withdrawal, ATM withdrawal, or other electronic means applies. Payments of overdrafts are at the discretion of the bank, and the privilege may be revoked at any time.

    Regular Checking Account
    Minimum balance $300
    Service charge for balances below $300
    $5.00
    ATM card and Debit card available
    Service charges are applied on the last business day of the month.
    Overdraft Privilege*

    * $20.00 overdraft charge per check, in-person withdrawal, ATM withdrawal, or other electronic means applies. Payments of overdrafts are at the discretion of the bank, and the privilege may be revoked at any time.

    Business Checking
    Minimum balance $300
    Service charge for balances below $300
    $5.00

    Senior Checking Account
  • Must be 62 years of age to qualify
  • Direct Deposit required
  • Minimum Opening Balance $50.00
  • First order of checks Free
  • No Minimum Balance required
  • No Monthly Service Charge
  • Free Monthly Statements ( includes check images)/ Free E-mail Statement
  • Free On-line Banking and Telephone Banking
  • Free Debit Card
  • Free Notary Service
  • Free ATM Withdrawals at First State Bank and affiliates
  • Overdraft Privilege*
    * $20.00 overdraft charge per check, in-person withdrawal, ATM withdrawal, or other electronic means applies. Payments of overdrafts are at the discretion of the bank, and the privilege may be revoked at any time.

    		•
    FEE SCHEDULE

  • Overdraft Charge - $20.00 per check, in-person withdrawal, ATM withdrawal or other electronic means. Transactions may not be processed in the order in which they occurred, and that the order in which transactions are received by the institution and processed can affect the total amount of overdraft fees incurred by the consumer. Any fee charged to the account counts toward the total amount of the overdraft limit established by the Bank.
  • Return Item Charge - $20.00 per check, in-person withdrawal, ATM withdrawal or other electronic means.
  • Daily Overdraft Charge for each day overdrawn - $5.00. Overdrafts covered within 48 hours from date overdrawn will not be subject to daily charge.
  • Stop Payment Request (if amount, payee & check # are known) - $20.00
  • All Other Stop Payment Request - $40.00
  • Check Printing - Fee depends on style of checks ordered. Debit Card usage is recommended.
  • Dormant Checking Account Fee - $10.00 (no activity for 180 days)
  • Reissue of Lost Debit Card - $12.00
  • Research-per hour (1/2 hour minimum) - $50.00
  • Research - copies/per page- $5.00
  • Copies from Optical Disk - $5.00
  • Paper Copies of Bank Statements - $5.00
  • Fee for Garnishment or Levy - $50.00
  • Customer Initiated Telephone Transfer- $1.75 per transfer