State Bank of Niantic is participating in the FDIC's Transaction Account Guarantee Program. All funds in a noninterest-bearing transaction account are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC general deposit insurance rules. The term noninterest-bearing transaction account includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts. For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov. Certificates of Deposit State Bank of Niantic offers a wide variety of Certificate of Deposits to meet your financial needs. Personal Accounts Click here to download and print our Consumer CIF form New Century Checking $100 minimum deposit to openNo minimum balance requiredInterest is variable$6.95 monthly maintenance feeAdditional insurance coverage available for $2.00 per monthATM/Debit Card(s) available (approval required)Basic Bill Payment - no charge ($.55 for each bill payment in excess of 10 per month) New Century 50 Checking $100 minimum deposit to openNo minimum balance requiredInterest is variable$4.95 monthly maintenance feeFor customers 50 and overAdditional insurance coverage available for $2.00 per monthATM/Debit Card(s) available (approval required)Basic Bill Payment - no charge ($.55 for each bill payment in excess of 10 per month) NOW Accounts $500 minimum balance to openInterest is variable$5.00 service charge if minimum balance falls below $500 during statement cycleATM/Debit Card(s) available (approval required)Basic Bill Payment - no charge ($.55 for each bill payment in excess of 10 per month) Regular Checking $100 minimum deposit to open$2.00 service charge if minimum daily balance falls below $100 during statement cycle$.15 charge per check$.10 credit per $100 minimum daily balance during statement cycleATM/Debit Card(s) available (approval required)Regular Bill Payment available Free Checking $100 minimum deposit to openNo minimum balance is requiredNo monthly service chargeATM/Debit Card(s) available (approval required)Regular Bill Payment Available Basic Senior Checking $100 minimum deposit to openNo monthly service chargeFor customers 62 and overATM/Debit Card(s) available (approval required)Basic Bill Payment - no charge ($.55 for each bill payment in excess of 10 per month) Health Savings Account $100 minimum deposit to openNo minimum balance is required$2.50 monthly service chargeInterest is tiered and variableATM/Debit Card(s) available ( approval required)Checks available Regular Savings $50 minimum deposit to openNo minimum balance requirements$5.00 service charge if minimum daily balance falls below $100 per semi-annual interest period$2.00 for each withdrawal in excess of thirty during the semi-annual interest periodInterest paid semi-annually on April 30th and October 31stJumbo Savings $17,500 minimum deposit to openIf average daily balance falls below $17,500 during semi-annual interest period, interest rate falls to regular savings interest rate for the entire interest paying period$5.00 service charge if minimum daily balance falls below $100 per semi-annual interest period$2.00 for each withdrawal in excess of thirty during the semi-annual interest periodInterest paid semi-annually on April 30th and October 31stStudent Savings $10 minimum deposit to openNo minimum balance requirements$2.00 for each withdrawal in excess of thirty during the semi-annual interest periodInterest paid semi-annually on April 30th and October 31st Christmas Club $1 minimum deposit to openNo minimum balance requirementInterest is tieredNo early withdrawals Money Market $1,000 minimum deposit to openInterest is variable$10 service charge if minimum balance falls below $1,000 or average daily balance falls below $2,500 during statement cycleChecks available Premium Plus Money Market $10,000 minimum deposit to openInterest is tiered and variable$15 service charge if minimum balance falls below $10,000 during statement cycle$15 early closing fee if account is closed within 90 days of openingChecks available Individual Retirement Accounts Variable Rate IRA's (Step-Up IRA Certificate of Deposit)Fixed Rate IRA's Business Accounts Click here to download and print our Non-Consumer CIF form Commercial Checking $100 minimum deposit to open$2.00 service charge if minimum daily balance falls below $100 during statement cycle$.15 charge per check$.10 credit per $100 minimum daily balance during statement cycleBusiness ATM/Debit Card(s) available (approval required)Regular Bill Payment availableNon-Profit Checking Not available for profit entities$100 minimum deposit to openBusiness Debit Card(s) available (approval required) Commercial NOW Not available for partnerships and for-profit corporations$500 minimum deposit to openInterest is variable$5.00 service charge if minimum daily balance falls below $500 during statement cycleBusiness Debit Card(s) available (approval required)Non-Profit NOW Not available to for-profit corporations$500 minimum deposit to openInterest is variableNo service charge Business Debit Card(s) available (approval required) Commercial Savings $50 minimum deposit to openInterest is variable$5.00 service charge if minimum daily balance falls below $100 per semi-annual interest period$2.00 for each withdrawal in excess of thirty during the semi-annual interest periodInterest paid semi-annually on April 30th and October 31stJumbo Savings $17,500 minimum deposit to openIf average daily balance falls below $17,500 during semi-annual interest period, interest rate falls to regular savings interest rate for the entire interest paying period$5.00 service charge if minimum daily balance falls below $100 per semi-annual interest period$2.00 for each withdrawal in excess of thirty during the semi-annual interest periodInterest paid semi-annually on April 30th and October 31st Money Market $1,000 minimum deposit to openInterest is variable$10 service charge if minimum balance falls below $1,000 or average daily balance falls below $2,500 during statement cycleChecks available Premium Plus Money Market $10,000 minimum deposit to openInterest is tiered and variable$15 service charge if minimum balance falls below $10,000 during statement cycle$15 early closing fee if account is closed within 90 days of openingChecks available |
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