| Regular
Savings |
The regular savings account
is designed for individuals just beginning to save or
who want their money available without penalties.
- No minimum balance and no maintenance fees
- Unlimited withdrawals.
- ATM card
|
| Plan Ahead Savings |
The plan ahead savings account is designed
for individuals who are able to make regular deposits,
have limited withdrawals, and want a better interest rate
than regular savings.
- No minimum balance and no monthly maintenance fees
- Withdrawals are limited to three per calendar year.
If more than three withdrawals are made, there will
be a 2% penalty on the amount withdrawn.
- Must make "regular deposits". Regular
means, weekly, bi-weekly, monthly or yearly
|
| Cool Cash Kid's Club Savings |
|
Children's savings account that offers special benefits
for children.
- Students K-12 can receive $2 for every B average or better school report card, or $1 for every C average school report card.
- No minimum balance and no maintenance fees
- Unlimited withdrawals.
|
| Christmas
Club/Vacation Club Savings |
|
An account that allows you to save on a regular basis
for Christmas, a vacation, or anything else conveniently
by payroll deduction, automatically from another account
here, or in-person deposits.
- No minimum balance and no maintenance fees
- Principal and interest is paid in November for
Christmas Club and in May for Vacation Club.
|
| Insured
Money Market |
|
For someone who has a little more money and wants a
better rate, but still wants a good amount of liquidity.
- Minimum balance required is $1000
- Limited check writing is allowed.
(You may make no more than six preauthorized [or automatic]
or telephone transfers and withdrawals from your account
per month, and no more than three of the transfers
and withdrawals may be payments by check, draft, debit
card or similar order to third parties.)
|
| Indexed
Money Market |
|
For someone who has a larger dollar amount to deposit
and wants a little higher rate than the insured money
market, but still with a good amount of liquidity.
- Minimum balance required to open account is $20,000.
- Limited check writing is allowed.
(You may make no more
than six preauthorized [or automatic] or telephone
transfers and withdrawals from your account per month,
and no more than three of the transfers and withdrawals
may be payments by check, draft, debit card or similar
order to third parties.)
|
| Certificates
of Deposit |
If you do not
need access to your savings right away, and you want a
higher return on your money, you may consider a Certificate
of Deposit. (CD)
- Varied terms - 3 month, 6 month, 12 month, 18 month,
30 month, 3 years,
or 4 years
- Most offer choice of automatically renewable or
non-renewable and choice of interest payment - quarterly
or at maturity.
- Interest may be added to the CD, paid by check,
or deposited into another State Bank of Arcadia account.
- One time interest bump-up feature available on
the 30 month CD
- Three time interest bump-up feature available on
the 4 year CD
|
| Contact
/ More Information |
|
For more information
please contact:
Kay M. Pronschinske, Personal Banker
Kristine A. Kabus, Personal Banker
Carlotta A. Ehmen , Branch Manager
|
