Savings
Minimum opening deposit..............25.00+
Minimum opening deposit IRA...$250.00+

+ A balance of $100.00 must be maintained to qualify for interest.
Interest Information
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 on the close of business on the last business day of February, May, August and November.

When the account is closed, interest earned of less than $1.00 will not be paid.
Regular Passbook Savings And Individual Retirement Savings
Account balances of $100.00 or more will have no maintenance fee or withdrawal fee charged.

Account balances that fall below $100.00 at anytime during the monthly cycle will be charged $2.50 maintenance fee plus $.25 per withdrawal.

If an account holder has arranged to have electronic fund transfers from their account such as ACH debits, preauthorized withdrawals, etc. the account will change to a Statement Savings Account and the account holder will be charged according to the Statement Savings account rules.
Youth Passbook Savings
(Minor - 17 years of age and under)
Account balances of $25.00 or more will have no maintenance fee or withdrawal fee charged.

Account balances that fall below $25.00 at anytime during the monthly cycle will be charged $1.00 maintenance fee plus $.25 per withdrawal.

After the minor account holder turns age 18, the account holder will be charged according to the Regular Savings Passbook rules.
Non-Profit Organization Savings
(churches, 4-H, Etc.)
Account balances of $25.00 or more will have no maintenance fee or withdrawal fee charged.

Account balances that fall below $25.00 at anytime during the monthly cycle will be charged $1.00 maintenance fee plus $.25 per withdrawal.

In order for a Non-Profit Organization to be eligible for the reduced minimum balance requirements they will have to request this option and notify the State Bank of Reeseville by filling out an informational card provided by the bank.
Statement Savings
Account balances of $400.00 or more will have no maintenance fee or withdrawal fees charged.

Account balances that fall below $400.00 at anytime during the month will be charged $2.50 maintenance fee plus $.50 per withdrawal, debit item or ATM withdrawal.
Christmas Club Accounts
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 annually on the end of the account cycle, on or near October 15.

Minimum deposit of $10.00 is required to open the account. Withdrawals are not allowed before the end of the account cycle. Early closure of this account forfeits any accrued interest. The bank will withdraw the account balance and accrued interest at the end of the account cycle, (on or near October 15), and issue a check payable to the account holder.

Checks will be mailed by November 1.
Military Savings
We are proud to serve past and present members of our nationís 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.

-No minimum daily balance required
-No monthly maintenance fee
-No fee per withdrawal
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