Scott State Bank 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 Scott State Bank offers a wide variety of Certificate of Deposits to meet your financial needs.See rate sheet for additional information 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 $1,000 minimum balance to openInterest is variable$8.00 service charge if minimum balance falls below $1,000 and average daily balance falls below $2000 during statement cycleATM/Debit Card(s) available (approval required)Basic Bill Payment - no charge ($.55 for each bill payment in excess of 10 per month) Regular Checking $100 minimum deposit to open$5.00 service charge if minimum balance less than $100$4.00 service charge if minimum balance of $100 but less than $200$3.00 service charge if minimum balance of $200 but less than $300$2.00 service charge if minimum balance of $300 but less than $400No service charge if minimum balance is $400 and aboveATM/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 availableImages available online 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$2 monthly service charge if average daily balance falls below $100 $2 for each withdrawal in excess of four per month Interest paid semi-annually on April 30th and October 31st Student Savings $10 minimum deposit to openNo minimum balance requirements$1 for each withdrawal over eighteen per semi-annual interest periodInterest paid semi-annually on April 30th and October 31st Christmas Club $1 minimum deposit to openNo minimum balance requirementsInterest is tieredNo early withdrawals Money Market $2,500 minimum deposit to open accountInterest is tiered and variable$12 service charge if minimum balance falls below $2,500 and average daily balance falls below $5,000 during statement cycleChecks available at no charge Premium Plus Money Market $10,000 minimum deposit to open accountInterest 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 at no charge Individual Retirement Accounts Variable Rate IRA'sFixed Rate IRA's Business Accounts Click here to download and print our Non-Consumer CIF form Commercial Checking $100 minimum deposit to open$.15 credit for each $100 of the minimum balance during statement cycle$.15 service charge per debit$5 service charge if balance falls below $100 during statement cycleBusiness Debit Card(s) available (approval required) Non-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$1,000 minimum deposit to openInterest is variable$10.00 service charge if minimum balance falls below $1,000 and average daily balance falls below $2000 during statement cycle$.15 service charge per debitBusiness Debit Card(s) available (approval required) Non-Profit NOW Not available for-profit entities$1,000 minimum deposit to openInterest is variable$7.50 service charge if minimum balance falls below $1,000 and average daily balance falls below $2000 during statement cycleBusiness Debit Card(s) available (approval required) Commercial Savings $50 minimum deposit to open accountInterest is variableInterest is paid on April 30th and October 31st$2 service charge if minimum average daily balance falls below $100 during semi-annual interest period$2 service charge for each debit in excess of 4 during the month Money Market $2,500 minimum deposit to open accountInterest is tiered and variable$12 service charge if minimum balance falls below $2,500 and average daily balance falls below $5,000 during statement cycleChecks available Premium Plus Money Market $10,000 minimum deposit to open accountInterest 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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