Locations • Calculators • Contact Us SERVICES LOANS EBANKING RESOURCES COMPANY Savings Accounts Statement Savings The Minimum Deposit to open a Statement Savings account is $50. The Minimum Balance requirement is $50 to avoid a $5.00 Monthly Balance Requirement Fee Earn Interest* on the daily collected balance, compounded quarterly and credited quarterly at the current savings rate.* Withdrawal Limitations (6 per cycle, only statement savings transfers to another account or to third parties by preauthorized, automatic or telephone transfers. (No checks, debit cards, or third party transactions) Excessive Transaction fee is $1.00 each after 6 Transactions $10.00 early closure fee if account is closed within 90 days after opening No-Cost On-Line Banking and Semi-Annual Statement Scheduled Auto Transfers from Checking to Savings are at no cost and are unlimited Children's Savings $10.00 Minimum Deposit to Open a Children’s Savings Account Maintain $1.00 Minimum Daily Balance to obtain the disclosed Annual Percentage Yield (APY) Withdrawal Limitations (6 per cycle) withdrawal fee of $0.50 each after 6 per cycle limit Earn Interest* on the daily collected balance, compounded quarterly and credited quarterly at the current savings rate.* $10.00 early closure fee if account is closed within 90 days after opening Up to age 18 with parent or guardian On-Line Banking & Semi-Annual Statements Christmas Club Make Christmas Enjoyable! $2.00 Minimum Deposit to Open a Christmas Club Deposits begin the first Friday in November Deposits end on the third Friday of October the following year. One withdrawal permitted on the account Early closure fee of $10.00 is assessed if the account is closed prior to the third Friday of October. Earn Interest* on the daily collected balance, compounded quarterly and credited quarterly at the current savings rate.* The Interest Rate and Annual Percentage Yield (APY) are subject to change. Interest is compounded quarterly and credited quarterly on savings accounts. If the account balance falls below the minimum daily balance requirement to avoid a service charge anytime during the statement cycle, the interest rate and the annual percentage yield will be reduced.* First State Bank’s interest computation is the daily balance method. This method applies a periodic rate to the principal in the account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (checks). First State Bank may require no less than seven (7) days notice in writing before each withdrawal from an interest bearing account other than a time deposit, or from any other savings account as defined by Regulation D. See a Customer Service Representative for Information about Savings Account’s and the Current Effective Rates. Any First State Bank Checking or Savings Account may be arranged to sweep to avoid service charge fees or insufficient Funds Charges at no cost! Dormant Accounts: An account is dormant if deposits or withdrawals have not been made for one year, and First State Bank has not received any communication from the customer about any accounts, or the account statements are returned for an incorrect address. The dormant account fee is $5.00 per quarter for savings accounts and $5.00 per month for checking accounts. Online Banking Login SERVICES Home Checking Savings Loans Mobile Banking Bill Pay Calculators COMPANY Contact Us Locations Privacy Policy FDIC Information Disclosures Get Acrobat Reader Site Map DOWNLOAD OUR APP Our native app is fast, secure and free. Use your current login information to start banking today. ©Copyright 2021 First State Bank All rights reserved.