NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS 

 

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's 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 ww.fdic.gov. 

 

 

At SSB our checking accounts are not “one size fits all”. Let us tailor an account to fit your needs.  

 

Please see full TIS Disclosure for all account details. 

 

Add E-Statements and Bill Pay to your checking account today.  

Call us for details 319-334-7035. 

 

NEW OUTLOOKS CHECKING 

 

Minimum Opening Deposit $ 200.00 

 

Individual membership 

$ 10.00 per month 

Family Membership 

$ 12.00 per month 

(insurance divided equally among all account holders) 

 

Benefits include: 

• Free personalized checks  

• Free personal money orders (limit 6 per month)  

• Up to $30,000 24-hour accidental death and dismemberment insurance  

• Payment card protection  

• Everyday Rebate Rewards 

• Free Bank Easy card (ATM) or Bank Easy Check card (debit) (upon application and approval) 

• 50% off lodging discounts, car rental, RV, lodging chain discounts and more  

• Free notary service  

• Free photocopies (limit 10 per month)  

• Free e-statements (without check images) upon request, no paper statement is mailed 

• Online bill-pay service (limit 6 bill payments per statement cycle, each additional bill payment $.50) 

 

Returned check/deposited item: $5.00 per check or item. 

 

 

PERSONAL CHECKING 

 

Minimum Opening Deposit                  $200.00  

 

Minimum                                                   Minimum Monthly 

Monthly Balance                                       Balance Fee 

0-199                                                           $8.00 

200-299                                                      $7.00 

300-399                                                      $6.00 

400-499                                                      $5.00 

500-599                                                      $3.50 

600 +                                                     0 

 

There is a chargeable debit of $.20 per item over 10 checks/debits paid per statement cycle. These charges are waived if you maintain a daily balance of $1,500.00 in checking or a combined checking/savings account. Service charge may be waived with qualified direct deposit. (Ask for details.) 

 

• 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. 

 

 

FREE CHECKING 

 

Minimum Opening Deposit $100.00 

 

This account may be what you are looking for if you do not wish to receive your cancelled check images back in your monthly statement. See what this account has to offer:  

• No minimum balance  

• No monthly maintenance fee  

• Easy to balance monthly statement  

• 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. 

 

FRIENDSHIP CLUB CHECKING 

 

Minimum Opening Deposit $200.00 

 

• No minimum balance  

• No monthly maintenance fee (provided you maintain club requirements)  

• Unlimited check writing privileges  

• Free personalized club checks  

• Free Bank Easy card (ATM) or Bank Easy Check card (debit) (upon application & approval)  

• Easy to balance monthly statement  

• Free e-statements upon request (without check images), no paper statement is mailed 

• Online bill-pay service:  $.50 per bill payment 

 

This account is available to Friendship Club members only. (See Friendship Club brochure for membership qualification and additional benefits.) 

 

Returned check/deposited item: $5.00 per check or item. 

 

SUPER N.O.W. ACCOUNTS 

 

Minimum Opening Deposit $1,500.00 

 

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 individuals who maintain a minimum daily balance of $1,500.00 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. If the minimum balance of $1,500.00 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. 

 

MONEY MARKET DEPOSIT ACCOUNT 

 

Minimum Opening Deposit $1,500.00 

 

Interest will be compounded monthly and will be credited to the account monthly.  

The interest rate is variable and posted in the bank lobby. If the balance falls below $1,500.00 you will be assessed a monthly minimum balance fee of $10.00.  

 

• 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. 

 

$4.00 for each debit transaction over 6 per statement cycle. 

 

E-FREE CHECKING 

 

Minimum Opening Deposit  $100.00 

 

This account is tailored for the customer that prefers doing their banking electronically.  You will not receive your check images back in your monthly statement; however they are available online for $.20 per check image.   

• No minimum balance 

• No monthly maintenance fee 

• Free Bank Easy Check card (debit) (upon approval) 

• Free e-statements, no paper statement is mailed 

• Online bill-pay service (limit 6 bill payments per statement cycle, each additional bill payment $.50) 

 

Returned check/deposit item: $5.00 per check or item. 

 

 

FEDERAL REGULATIONS GOVERNING SAVINGS & MONEY MARKET TRANSACTION LIMITATIONS: 

You may make six (6) transfers from your account during any month or statement cycle of at least four (4) weeks, if by preauthorized or automatic transfer, internet banking transfer, Telebanking transfer, or telephone transfer. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited. ATM transactions at non-SSB ATMs are limited to six (6) per statement cycle without charge.