two kids sitting on the floor shake piggy banks

Savings

two kids sitting on the floor shake piggy banks

Savings

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.

Regular Savings and Individual Retirement Savings


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.

Youth Savings


(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.

Christmas Club


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 credited 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. Debits 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.

Military Savings


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.

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.

When the account is closed, interest earned of less than $1.00 will not be paid.

Certificate of Deposit


 

What is the minimum deposit to open a CD Account?

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.

What are the different State Bank of Reeseville CD term lengths?

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

What rate does State Bank of Reeseville offer for their CD accounts?

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.

What happens when my CD matures?

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.

Can I view my State Bank of Reeseville CD account on mobile and online banking?

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.

Can I deposit additional funds to my CD account?

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.

Is my State Bank of Reeseville CD account FDIC-insured?

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.

How is interest compounded and dispersed?

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.