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| Business Banking |
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Savings Accounts |
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At
First State Bank, we want our business customers to succeed as much
as they do. We also know that part of being a successful company today
means saving for tomorrow. The business savings accounts we offer
make it easy for our business customers to do just that. |
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| Savings Accounts |
Account Features
Minimum to Open Account: Your must deposit at least $100.00 to open this account.
Withdrawals: Up to 12 withdrawals are allowed per quarter without charge. A $1.00 fee will apply for each withdrawal after 12 per quarter.
Minimum Balance Requirements: A $1.00 quarterly minimum balance fee will apply if the account balance on the last day of each quarter is less than $50.00. The minimum balance fee will not be charged on accounts held by minors.
Balance Computation Method: We use a daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Rate Information: Please call one of our banking
centers for current rates.
Compounding and Crediting: Interest will be compounded quarterly and credited on the last day of the quarter.
Accrual of Interest on Deposits Other Than Cash: Interest begins to accrue no later than the business day we receive the credit for the deposit of non-cash items (for example, checks).
Closing Account: If you close your account before interest is credited you will not receive the accrued interest. If you close your account within six months of opening, you will be charged a $25 fee.
Additional Features
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Quarterly Statements |
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ATM access with ATM card |
Contact
us or stop by one of our banking
centers today for more information, to check current rates
and fees, or to set up a savings account with First State Bank.
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