| Accounts | Min. Deposit to open Acct. | Min Balance to Avoid Fees | Rate of Interest Earned (compounded daily) | Monthly Service Charge | Statement Cycle |
|---|---|---|---|---|---|
| Regular Savings | NA | $100 | Variable |
$2 per month
(waived if account owner under 19 yrs) Limited to no more than six pre-authorized or automatic withdrawals/transfers per month.
|
Semi-Annually
(Any pre-authorized or ATM transactions: monthly)
|
| Money Market Savings | $2500 | $100 | Variable (Interest earned at reg. savings rate if balance below $2500) |
$2 per month
(waived if account owner under 19 yrs) More than six withdrawals a month, a $5.00 per item maintenance charge will apply.
|
Quarterly
(Any pre-authorized or ATM Transactions: Monthly)
|
Savings
Christmas Club Account
- Initial opening deposit-at least $1.00
- Minimum weekly, biweekly or monthly deposit is required $1.00
- All additional deposits must be funded by automatic transfer from a First State Bank, Belmond, IA checking or savings account.
- If any withdrawal is made from this account before October 15, this account will be closed (unpaid accrued interest will not be credited).
- Interested is paid on the collected balance plus accrued interest that is unpaid, compounded daily using the Daily Balance Method and credited to the account annually (on or before October 15).
- Rate of interest-Variable