NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS
By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor’s accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.
For more information about temporary FDIC insurance coverage of transaction accounts, visit ww.fdic.gov.
Business Checking
Add E-Statement and Bill Pay to your checking account today.
Call us for details 319-334-7035.
Minimum Opening Deposit $300.00
Monthly Maintenance Fee - $8.00
Per check/debit paid - $.17
Per deposit item (not drawn on SSB) - $.07
Earnings credit will be given on your collected average balance per $100.00, it is a variable rate of .15% over the Single System Savings account rate (adjustable monthly).
• Free e-statements upon request (without check images), no paper statement is mailed
• Online bill-pay service: $.50 per bill payment
Returned check/deposited item: $5.00 per check or item.
Check images included in statement.
SMALL BUSINESS CHECKING
Minimum Opening Deposit $200.00
Minimum Monthly Monthly Minimum
Monthly Balance Balance Fee
0-399 $8.00
400-499 $7.00
500-599 $6.00
600-699 $5.00
700-799 $3.50
800+ 0
There is a chargeable debit of $.20 per item over 20 checks/debits paid per month. There is a chargeable debit of $.09 per item over 50 deposit items per month (not drawn on SSB).
• Free e-statements upon request (without check images), no paper statement is mailed
• Online bill-pay service: $.50 per bill payment
Returned check/deposited item $5.00 per check or item.
Check images included in statement.
BUSINESS INTEREST CHECKING
Minimum Opening Deposit $300.00
Monthly Maintenance Fee- $10.00
Per check/debit paid- $.17
Per deposit item (not drawn on SSB)- $.07
Earn interest on this account. Interest will be compounded monthly and will be credited to the account monthly. The interest rate is variable and posted in the bank lobby.
Return check/deposit item: $5.00 per check or item.
Check images included in statement.
SUPER N.O.W. ACCOUNTS
(Sole proprietorships and not for profit entities)
Minimum Opening Deposit $2000.00
Earn interest on this account. Interest will be compounded monthly and will be credited to the account monthly. The interest rate is variable and posted in the bank lobby.
No monthly minimum balance fee for entities who maintain a minimum daily balance of $2,000.00 and have less than 25 checks/debits posted to their monthly statement. When the above limits are exceeded, the chargeable debit for the excess items are $.25 per check/debit over 25. There is a chargeable debit of $.09 per item over 50 deposit items per month (not drawn on SSB). If the minimum balance of $2,000.00 is not maintained daily, a $10.00 monthly minimum balance fee will be assessed.
• Free e-statements upon request (without check images), no paper statement is mailed
• Online bill-pay service: $.50 per bill payment
Returned check/deposited item: $5.00 per check or item.
Check images included in statement.
SWEEP ACCOUNTS
Please contact a bank officer for details on our SWEEP accounts.
Please see full TIS Disclosure for all account details.
NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR
NONINTEREST-BEARING TRANSACTION ACCOUNTS
By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor’s accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.