Savings Accounts
Our Mission is Your Security
Security means feeling safe financially, and we take that very seriously at The State Bank. It also means that we work closely with you to help ensure you will have financial security now and in the future -- part of being your financial partner for life.
Basic Savings
Basic rule of thumb -- always pay yourself first. Open a Basic Savings account with just $100 and you'll be on your way to paying yourself first. When you maintain a $100 minimum monthly balance, you'll pay no maintenance fees and enjoy these advantages:
- Unlimited deposits
- Up to 15 withdrawals in person per quarter, no charge - 16 more withdrawals $1 each
- Interest compounded quarterly
- $6.00 Quarterly fee if balance drops below minimum.
Moola Moola Savings
Another rule -- Start young! If you're under 18 years of age, you can earn interest on your money by opening a Moola Moola account with just $10. You'll also have:
- Unlimited deposits
- No maintenance fees
- Interest compounded quarterly
Target Savings Account
Life lesson -- Plan! This is the "we make dreams come true" account. Pick your dream target, weekly payment amount and maturity date. We'll do the rest. And earn more interest when you automatically deduct your payment from your checking account.
- Choose your weekly payment amount and maturity date
- Interest paid on maturity
- You'll earn an extra one-tenth of one percent when your money is automatically deducted from your State Bank checking account and credited to your checking account at maturity
Note: There's a loss-of-interest penalty for early withdrawals
Money Market Accounts
The more you save, the more you earn. Open with a minimum amount, and as your balance increases, so will your interest yield. We will help you select the best account for your needs.
