Personal Products - Savings - Regular

Regular Savings

Starting your personal savings plan has never been easier than with State Bank's Statement Savings Account featuring:

• Just $100 to open
• No maintenance fees as long as the daily collected balance is $100 or more everyday of the statement cycle. If below, there is a $10.00 monthly maintenance fee.
• Interest accrues daily, compounds and credits quarterly. Transaction limitations do apply. See your State Bank Representative for details.

Childrens Savings

Start saving for your child's future today with State Bank's Children Savings Account featuring:

• Just $10 to open
• No maintenance fees as long as the account has a positive daily collected balance.
• Interest accrues daily, compounds and credits quarterly
• Transaction limitations do apply. See your State Bank Representative for details.

Certificates of Deposit

As your savings portfolio grows, move up to a Certificate of Deposit. Shop the rest then come see the best! State Bank typically offers the most competitive rates in town along with:

• Rates guaranteed for the term you select.
• Interest may be paid out to your State Bank account monthly, quarterly, or semi-annually or be added back into your account.
• Flexible terms as short as 30 days and as long as 5 years
• Only $1,000 to open!

Individual Retirement Accounts

One of the best ways to invest for your future is through an Individual Retirement Account (IRA). IRAs let you save for tomorrow while taking advantage of possible tax breaks today.
At State Bank, we offer both Traditional IRAs as well as Roth IRAs.

• IRAs can provide substantial tax advantages over non-IRA investments.
• Since your earnings may be tax deferred, they could be even greater than taxable investments.
• State Bank utilizes any of our CDs as your IRA investment vehicle.

As always, State Bank recommends that you consult with your accountant regarding any retirement plan.

Prime Flex Money Market

You will always earn an interest rate 3.75 percentage points below the published Wall Street Journal Prime.

• Tied to Wall Street - stays on Main Street.
• Not a promotional rate - easy to calculate.
• Liquidity, flexibility and accessibility.
• Standard Money Market account restrictions apply.
• FDIC protection.
• No monthly service fees.
• $100,000 minimum balance requirement.
• Available to both individual and commercial accounts.