Security State Bank offers an assortment of deposit products,
whether you need daily access to your funds or long-term
investing. Our friendly representatives are available to assist
you in selecting from the following accounts to fit your needs:
Click here for convenient Savings
Calculator
Personal Checking Account
The right choice for unlimited transactions:
- Minimum to open: $100.00
- Monthly service charge:
If your balance during the monthly statement cycle
- remains $500.00 or more, there is no service charge
- is $200.00 - $499.99, there is a $6.00 service charge
- is below $200.00, there is a $10.00 service charge
- Transactions: Unlimited
- Interest bearing: No
Refer to your account agreement provided at account opening for
more information and other applicable disclosures.
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Personal Management Account
Security State Bank offers this cost-saving alternative for our
customers with fewer monthly transactions.
- Minimum to open: $100.00
- Monthly service charge: $ 2.50 per monthly statement cycle
- Transactions: 10 per month
Additional transactions are charged $.75 each per monthly
statement cycle
- Interest bearing: No
Refer to your account agreement provided at account opening for
more information and other applicable disclosures.
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Direct Deposit II Account
This account allows Direct Deposit of Government Retirement and
Disability Programs to customers without a current banking
relationship. Receive your payments through the safety and
convenience of direct deposit at no charge.
- Minimum to open: Deposits are made by direct deposit, not at
account opening.
- Service charge: No service charges will be applied.
- Statements are issued quarterly.
- Transactions: Cash withdrawals are allowed at the teller
windows during regular banking hours.
No checks are issued for this account.
- Interest bearing: No
Refer to your account agreement provided at account opening for
more information and other applicable disclosures.
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Personal NOW Account
Security State Bank’s Personal NOW Account will pay you interest
on your deposits, while
allowing unlimited transactions on your account.
- Minimum to open: $1,500.00
- Monthly service charge:
If your balance during the monthly statement cycle
- remains $1,500.00 or more, there is no charge
- is below $1,500.00, there is a $12.00 charge
- Transactions: Unlimited
- Interest bearing: Yes, when minimum balance of $1,500.00 is
maintained
Refer to your account agreement provided at account opening for
more information regarding payment of interest, interest rate,
annual percentage yield, and other applicable disclosures.
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Money Market Deposit Account
The Money Market Deposit Account, (MMDA), will earn interest
while also allowing access to your funds.
- Minimum to open: $2,500.00
- Monthly service charge:
If your balance during the monthly statement cycle
- remains $2,500.00 or more, there is no charge
- is below $2,500.00, there is a $12.00 charge
- Transactions: Transfers from an MMDA to another account or to
third parties by preauthorized, automatic, or telephone transfer
are limited to six per statement cycle with no more than three
by check, draft, or similar order to third parties.
- Fees: A transaction fee of $25.00 will be charged each
statement cycle when the transaction limitations are exceeded.
- Interest bearing: Yes, when minimum balance of $2,500.00 is
maintained
Refer to your account agreement provided at account opening for
more information regarding payment of interest, interest rate,
annual percentage yield, and other applicable disclosures.
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Personal Savings Account
With Security State Bank’s Personal Savings Account, you will
start earning interest with a low minimum opening deposit.
- Minimum to open: $50.00
- Transactions: Transfers from a savings account to another
account or to third parties by preauthorized, automatic, or
telephone transfer are limited to six per month.
- Fees: An activity service charge of $2.50 will be charged for
each debit transaction in excess of one during a calendar month.
- Interest bearing: Yes
Refer to your account agreement provided at account opening for
more information regarding payment of interest, interest rate,
annual percentage yield, and other applicable disclosures.
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Certificates of Deposit
If you have extra funds of at least $1,000.00 that you don’t
need for a period of 30 days to 4 years, put that money to work
for you in a Certificate of Deposit. The interest earned is
generally higher than most traditional transaction accounts, but
the funds must be left in the account until the end of the term
to avoid early withdrawal penalties.
Contact our CD department for more information on letting your
money work for you in a Security State Bank Certificate of
Deposit.Retirement Products
Individual Retirement Accounts, (IRAs) are available to help you
save for your retirement. The following retirement products are
invested in certificates of deposit:
- Traditional IRAs are an excellent way to save, and may provide
tax benefits
- Roth IRAs allow different tax benefits and have more flexible
contribution and distribution restrictions than traditional IRAs
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