Savings and Individual Retirement Savings
Minimum opening deposit…………..$25.00+
Minimum opening deposit IRA…$250.00+
+ A balance of $100.00 must be maintained to qualify for interest.
two kids sitting on the floor shake piggy banks
Minimum opening deposit…………..$25.00+
Minimum opening deposit IRA…$250.00+
+ A balance of $100.00 must be maintained to qualify for interest.
Account balances of $100.00 or more will have no maintenance fee or debit fee charged.
Account balances that fall below $100.00 at any time during the quarterly cycle will be charged $7.50 maintenance fee plus $.25 per debit.
The statement frequency is quarterly.
(Minor – 17 years of age and under)
Account balances of $25.00 or more will have no maintenance fee or debit fee charged.
Account balances that fall below $25.00 at any time during the quarterly cycle will be charged $3.00 maintenance fee plus $.25 per debit.
The statement frequency is quarterly.
After the minor account holder turns age 18, the account holder will be charged according to the Regular Savings rules.
We are proud to serve past and present members of our nation’s military with this special banking program. It is our small way to give back to those who have given their all.
Veterans and current military personnel are eligible for a military checking and savings account with valid military ID.
Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time.
Interest is compounded and paid quarterly.
When the account is closed, interest earned of less than $1.00 will not be paid.
Certificate of Deposit accounts or “CDs” let you earn high-interest returns on money you know you won’t need for a while. Start saving today and put your money to work. Contact us to find out more information or to open a CD account today, our friendly customer service representatives are happy to help in any way.
The minimum initial deposit is $1,000 for all term lengths except our 14 day CD which has a minimum initial deposit of $5,000.
State Bank offers a variety of different term lengths that you can choose from. Pick the term that works best for you and start earning today.
< 1 Year Term Length:
7 Day
14 Day
91 Day
182 Day
> 1 Year Term Length:
1 Year
1.5 Year
2 Year
2.5 Year
3 Year
4 Year
State Bank of Reeseville offers competitive rates for CD accounts. Current up-to-date rates for all Certificate of Deposit account term lengths are available here.
Once your CD matures you will have a 10-day grace period to withdraw funds or deposit new funds. The CD will automatically renew after the grace period is over.
Yes, you sure can. Your CD accounts will show up under My Accounts on both our SBR mobile app and online banking once you have linked your CD to you internet banking account. You can also view CD account information such as term length, maturity date and much more. All on the SBR mobile app or online banking.
Additional deposits cannot be made during the term of the CD. However, once your CD matures, you can deposit additional funds once during the 10-day grace period.
Yes, rest assured your funds are safe. Funds in a Certificate of Deposit account at State Bank of Reeseville are FDIC-insured up to the maximum allowed by law. For more information, visit the FDIC website.
Interest on Certificate of Deposit accounts is compounded daily and can be credited via check or automatically deposited back to the CD so you can take advantage of compounding. Interest can be credited monthly or quarterly.