Deposit Products
At Citizens State Bank, we offer a wide range of banking products for individuals and business owners as well. We offer you choices so that you can have an account that will help you achieve your specific financial goals. Whatever your banking needs, we offer solutions, convenience, technology and most of all, the atmosphere of our hometown bank, where? "Our People Make the Difference".
Products
| 5 STAR Checking |
| Truth-In-Savings Disclosure. |
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| Minimum Balance to Open |
$100.00
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| Minimum balance to avoid imposition of fees |
$1,500.00
An account maintenance fee of $15.00 will be imposed every monthly statement cycle if the balance in the account falls below $1,500.00 any day of the statement cycle. |
| Features of 5 Star Checking |
Free ATM/Debit Card with email notification.
No ATM fees at terminals within the US.
Free Online Banking and Bill Pay.
Free Checks,1 order of 150 basic wallet checks per year. |
| Valued Customer Rewards |
Premium Rate on 5 Month Consumer Certificate of Deposit.
.25 Point Rate Decrease on New Consumer Loans. |
| Additional Account Details |
Direct Deposit and E-Statements are required.
Images and E-Statements are available online. |
| Citizens State Bank reserves the right to revoke services and/or terminate the account if excessive usage is deemed as abuse of privileges. |
| Basic Business Checking |
| The ideal account for businesses who wish to maintain a low balance account with minimal check and deposit activity. |
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| Minimum Balanace to Open |
Monthly Maintenance Fee |
| $0 to $449.99 |
$4.00 |
| $450 or more |
None |
| 15 Debits per month |
No Charge |
| More than 15 debits per month |
$.40 per item |
| 8 Deposits per month |
No Charge |
| More than 8 deposits per month |
$.40 per deposit |
| 25 Items of deposit per month |
No Charge |
| More than 25 items of deposit per month |
$.10 per item |
| Business Checking (subject to Account Analysis) |
| The prime account for businesses who have high volume activity. |
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| Monthly Maintanence Fee |
$8.00 |
| Local Checks Deposited |
$.05 |
| Non-Local Checks Deposited |
$.09 |
| Checks Paid |
$.15 |
| Deposits |
$.25 |
| Use of Uncollected Funds |
(Market Rate) |
| Rolls of Coins (per roll) |
$.15 |
| Straps of bills (per strap) |
$.15 |
| Earnings Credit |
(Market Rate) |
| Night Deposit Bags (per bag) |
$1.00 |
| Automated Clearing House (ACH) Debits |
$.25 |
| Business Check Plus (NOW) Account |
| The ideal account for businesses who wish to maintain a low balance account with minimal check and deposit activity. |
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| Daily Minimum Balanace |
Monthly Maintenance Fee |
| $0 to $599.99 |
$11.00 |
| $600 to $899.99 |
$10.00 |
| $900 to $1199.99 |
$9.00 |
| $1200 or more |
None |
| 25 Debits per month |
No Charge |
| More than 25 items of deposit per month |
$.25 per item |
| 15 deposits per month |
No Charge |
| More than 15 deposits per month |
$.40 per deposit |
| 50 Items of deposit per month |
No Charge |
| More than 50 items of deposit per month |
$.10 per item |
Accounts with average daily collected balances of $7,500. no charge regardless of number of debits paid or minimum balance.
Simple interest is calculated and paid monthly on the daily collected balance based on posted rates that are subject to change weekly.
If the account is closed during the month, no interest will be paid for the statement period as an early withdrawal penalty. Account is limited to sole proprietors, non-profit organizations, government units, and funds held by a fidiciary. Corporations and partnerships are not eligible according to federal regulations. |
| Simply Free Checking |
| The perfect solution for persons who want to do their banking without incurring a service fee. Duplicate checks are used for this account as checks are placed in safekeeping and not returned with the statement. |
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| Minimum Balance to Open |
You must deposit $50.00 to open this account.
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| Minimum balance to avoid imposition of fees |
There is no minimum balance required. |
| Fees |
There is no monthly maintenance fee or per item charge fee. |
| Additional Information |
This is a truncated account, which means canceled checks will not be returned to you.
Duplicate checks are required for this account.
A starter order of duplicate checks will be provided.
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| Account limitations |
Available only to consumer accounts for personal and household use and we may limit the number of accounts eligible for Overdraft Privilege to one account per household. |
| Please contact our deposit counselors to assist you with more information. (979) 885-7455, Ext. 6 or Toll Free at (800) 222-4252, Ext. 256. |
| Citizens Checking |
| The most traditional account. Provides typical check writing activity and benefits. |
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| Minimum Balance to Open |
$100.00 |
| Minimum Daily Balance |
$750.00
[ An account maintenance fee of $7.50 will be imposed every monthly statement cycle if the balance in the account falls below $750.00 any day of the statement cycle.] |
| Fees |
A per item charge fee of $0.25 will be charged for each debit transaction (withdrawal, check paid, automatic transfer or payment out of this account) in excess of 27 during a statement cycle.
The account maintenance fee and the per item charge fee will not apply when the average daily collected balance is $1,500.00 or more.
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| Citizens Basic Checking |
| The ideal account for persons who wish to maintain a low balance account while writing a minimum number of checks. |
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| Minimum Balance to Open |
$100.00 |
| Minimum Daily Balance |
$350.00
[An account maintenance fee of $3.00 will be imposed every statement cycle if the balance in the account falls below $350.00 any day of the cycle.] |
| Fees |
A per item charge fee of $0.50 will be charged for each debit transaction (withdrawal, check paid, automatic transfer or payment out of this account) in excess of 10 during a statement cycle. |
| Citizens 55+ Checking |
| The prime selection for mature citizens 55+ as it provides all the benefits of a regular checking account at a 50% discount. |
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| Minimum Balance to Open |
$100.00 |
| Minimum Daily Balance |
$750.00
[An account maintenance fee of $4.00 will be imposed every monthly statement cycle if the balance in the account falls below $750.00 any day of the statement cycle.] |
| Accont Limitations |
This account is limited to customers age 62 or older with direct deposit of primary retirement benefit |
| Fees |
A per item charge fee of $0.25 will be charged for each debit transaction (withdrawal, check paid, automatic transfer or payment out of this account) in excess of 27 during a statement cycle.
The account maintenance fee and the per item charge fee will not apply when the average daily collected balance is $1,500.00 or more. |
| Citizens Plus Checking |
| The preferred account for persons who want to earn interest on their balance and still enjoy the privileges of a regular checking account. |
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| Minimum Balance to Open |
$100.00 |
| Minimum Daily Balance |
$1,100.00
[An account maintenance fee of $11.00 will be imposed every monthly statement cycle if the balance in the account falls below $1,100.00 any day of the statement cycle.] |
| Fees |
A per item charge fee of $0.25 will be charged for each debit transaction (withdrawal, check paid, automatic transfer or payment out of this account) in excess of 27 during a statement cycle.
The account maintenance fee and the per item charge fee will not apply when the average daily collected balance is $5,000.00 or more for the statement cycle. |
| Rate Information |
Your interest rate and annual percentage yield may change. |
| Frequency of Rate Changes |
We may change the interest rate on your account every week. |
| Determination of Rate |
At our discretion, we may change the interest rate on your account. |
| Compounding and crediting frequency |
Interest will be compounded every month. Interest will be credited to your account every month. |
| Effect of closing an account |
If you close your account before interest is credited, you will not receive the accrued interest. |
| Daily balance computation method |
We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. |
| Accrual of interest on non cash deposits |
Interest begins to accrue no later than the business day we receive credit for the deposit of non cash items (for example, checks). |
| Statement Savings |
| A simplified savings program that provides flexibility in making deposits and allows periodic withdrawals without incurring a penalty. |
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| Minimum Balance to Open |
$100.00 |
| Minimum Daily Balance |
$500.00
[An account maintenance fee of $3.00 will be imposed every statement cycle if the balance in the account falls below $500.00 any day of the cycle.] |
| Fees |
A per item charge fee of $1.00 will be charged for each withdrawal in excess of 1 during the statement cycle. This fee will not apply when the balance in the account is $1,000.00 or more on each day of the statement cycle. |
| Rate Information |
Your interest rate and annual percentage yield may change. |
| Frequency of Rate Changes |
We may change the interest rate on your account every week. |
| Determination of Rate |
At our discretion, we may change the interest rate on your account. |
| Compounding and crediting frequency |
Interest will be compounded every month. Interest will be credited to your account every month. |
| Effect of closing an account |
If you close your account before interest is credited, you will not receive the accrued interest. |
| Daily balance computation method |
We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
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| Accrual of interest on non cash deposits |
Interest begins to accrue on the same business day of deposit of non cash items (for example, checks). |
| Transaction Limitations |
Transfers from a Statement Savings account to another account by telephone transfer are limited to 6 per statement cycle with no transfers by check, draft, debit card, or similar order to third parties.
We reserve the right to change the account type should you continually exceed these transaction limitations. |
| Minor Savings |
A special children's savings program designed to encourage and teach the benefits of practicing good savings habits.
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| Minimum Balance to Open |
$100.00 |
| Minimum Daily Balance |
$100.00
[An account maintenance fee of $2.00 will be imposed every statement cycle if the balance in the account falls below $100.00 any day of the cycle.] |
| Fees |
A per item charge fee of $1.00 will be charged for each withdrawal in excess of 1 during the statement cycle. |
| Rate Information |
Your interest rate and annual percentage yield may change. |
| Frequency of Rate Changes |
We may change the interest rate on your account every week. |
| Determination of Rate |
At our discretion, we may change the interest rate on your account. |
| Compounding and crediting frequency |
Interest will be compounded every month. Interest will be credited to your account every month. |
| Effect of closing an account |
If you close your account before interest is credited, you will not receive the accrued interest. |
| Daily balance computation method |
We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
|
| Accrual of interest on non cash deposits |
Interest begins to accrue on the same business day of deposit of non cash items (for example, checks). |
| Transaction Limitations |
Transfers from a Minor Savings account to another account by telephone transfer are limited to 6 per statement cycle with no transfers by check, draft, debit card, or similar order to third parties.
We reserve the right to change the account type should you continually exceed these transaction limitations.
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| Account Limitations |
ATM access is not permitted. This account is limited to individuals under age 18 with a demand deposit account being maintained by the parents or guardians. |
| Citizens Money Market |
| The choice account for persons who desire a higher rate of return on their funds and conduct minimal check activity. |
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| Minimum Balance to Open |
$100.00 |
| Minimum Daily Balance |
$2,500.00
[An account maintenance fee of $15.00 will be imposed every monthly statement cycle if the balance in the average daily collected balance for the monthly statement cycle falls below $2,500.00.] |
| Fees |
A per item charge fee of $5.00 will be charged for any combination of such preauthorized transfers or third party debits in excess of 6 during a statement cycle.
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| Rate Information |
Your interest rate and annual percentage yield may change. |
| Frequency of Rate Changes |
We may change the interest rate on your account every week. |
| Determination of Rate |
At our discretion, we may change the interest rate on your account. |
| Compounding and crediting frequency |
Interest will be compounded every month. Interest will be credited to your account every month. |
| Effect of closing an account |
If you close your account before interest is credited, you will not receive the accrued interest. |
| Daily balance computation method |
We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
|
| Accrual of interest on non cash deposits |
Interest begins to accrue on the same business day of deposit of non cash items (for example, checks). |
| Transaction Limitations |
Transfers from a Money Market Investment account to another account or to third parties by pre authorized, automatic, or telephone transfer are limited to 6 per statement cycle with no more than 3 transfers by check, draft, point-of-sale, or similar order to third parties.
We reserve the right to change the account type should you continually exceed these transaction limitations.
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| Certificates of Deposit |
| We offer a variety of certificates of deposit to fit your needs. Our rates are competitive based on the term and amount. Contact our office for details and current rates. |
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| Account Type |
Min. Deposit to Open Account |
Min. Balance to Obtain Annual Percentage Yield (APY) |
| One Month CD |
$2,500.00 |
$2,500.00 |
| Three Month CD |
$2,500.00 |
$2,500.00 |
| Six Month CD |
$2,500.00 |
$2,500.00 |
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Seven Month CD |
$2,500.00 |
$2,500.00 |
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Nine Month CD |
$2,500.00 |
$2,500.00 |
| One Year CD |
$1,000.00 |
$1,000.00 |
| 15 Month CD |
$5,000.00 |
$5,000.00 |
| 18 Month CD |
$1,000.00 |
$1,000.00 |
| Two Year CD |
$1,000.00 |
$1,000.00 |
| Three Year CD |
$1,000.00 |
$1,000.00 |
| Individual Retirement Account |
$500.00 |
N/A |
| Individual Retirement Account |
| Today, one of the greatest challenges facing American workers is assuring their financial security in retirement. Contact us for information on IRAs, Roth IRAs, SEP (Simplified Employer Plans), CESA (Coverdell Education Savings Accounts), and HSA (Health Savings Accounts). |
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