Personal Savings

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First State Bank and Trust Company, Inc.ís personal savings accounts help you save towards your future goals. To learn more about our Health Savings Account click here, and to learn about our Individual Retirement Accounts click here.

Choose what best fits your needs:

MONEY MARKET DEMAND ACCOUNT

Make your money work for you!

Key Points for Money Market Demand Accounts:

  • $2,500 deposit is required to open a MMDA account.
  • Interest rates are tiered and will be compounded monthly and credited to your account on a monthly basis.
  • A minimum balance fee of $8 will be imposed every month if the balance in the account falls below $2,500 any day of the month. The minimum balance fee will not be imposed if you maintain an average daily balance during the statement cycle of $2,500 or greater.
  • A $10 charge per check/transfer in excess of 6 per statement cycle applies to this account regardless of the account balance.
  • Transfers from this account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per statement cycle with no more than 3 transfers by check, draft, debit card, or similar order to third parties. No transaction fee will be assessed on internal transfers.
  • Free Online Bill Pay. Pay bills or make payments, 24 hours a day, 7 days a week.
  • NetTeller, our internet banking product, is included with your Money Market Demand Account at no charge.
  • A monthly formal bank statement reflecting your account activity mailed or emailed to you each month. An image of your canceled checks will be included.
  • VISA® Debit Card ( subject to credit approval).
STATEMENT SAVINGS

Every penny counts. This is the perfect Savings account for those wanting to get started on saving for future expenses, vacations, etc.

Key Points for Statement Savings Accounts:

  • $100 deposit is required to open a Statement Savings.
  • Interest will be compounded monthly and will be credited to your account on a monthly basis.
  • If the average daily balance should fall below $100, a $3 fee will be charged to your account for the month.
  • Two Preauthorized, Automatic, or Telephonic transfers or withdrawals per month are allowed with no service fee. If more than two of these transactions are made within a monthís time, a $1 fee will be charged to your account per transaction.
  • A monthly formal bank statement reflecting your account activity will be mailed or emailed to you each month. An image of your canceled checks will be included.
  • NetTeller, our online banking product, is included with your Statement Savings Account at no charge.
  • Transfers from this account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per statement cycle with no more than three transfers by check, draft, debit card, or similar order to third parties. No transaction fee will be assessed on internal transfers.
CHRISTMAS CLUB

Santa uses a Christmas Club account, do you? How else can he be ready to bring all those gifts to good boys and girls across the world! He certainly doesnít bring them fruitcake Ė a sure sign that you donít have a Christmas Club account. Come into First State Bank & Trust today and open up your very own *Christmas Club account, and avoid fruitcake embarrassment (of course unless someone really wants it).

Another good reason to sign up for our Christmas Club account is that youíll make money on it. Youíll get a little more back to spend than what you put in, thatís a jolly good thing!

Key points for Christmas Club:

  • You must have an active checking or savings account with First State Bank and Trust Company, Inc., to qualify to open up a Christmas Club account.
  • Minimum deposit of $5 is required to open a Christmas Club account.
  • Interest will be added to your account at the end of the term.
  • At the end of October Christmas Club disbursements will be made by Automatic Funds Transfer (AFT) into another deposit account with First State Bank and Trust Company, Inc.
  • There will be a partial fee of $20 per partial withdrawal from the account.
  • There will be a fee of $20 to close the account before the end of the term. If the account is closed before interest is credited you will not receive the accrued interest.