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What Account is in Your Best Interest?
 
Select the type of account you would like more information about;
 
Regular Checking   NOW Checking
Passbook Savings Account   Money Market Deposit Account
State Bank of St. Jacob Rate Sheet


 

 

 
Regular Checking Account  

Minimum balance to open the account you must deposit $25.00 to open this account.

Minimum balance to avoid imposition of fees If your balance falls below $100.00 on any day in the cycle we will impose a service charge fee of $5.00 once during each statement cycle. This fee will not apply to accounts for senior citizens (persons 65 years or age or older) or full time students, if we have been so notified.

If your balance is at least $100.00 on every day in the cycle but falls below $200.00 on any day during the cycle we will impose a service charge fee of $4.00 once during each statement cycle. This fee will not apply to accounts for senior citizens (persons 65 years or age or older) or full time students, if we have been so notified.

If your balance is at least $200.00 on every day in the cycle but falls below $300.00 on any day during the cycle we will impose a service charge fee of $3.00 once during each statement cycle. This fee will not apply to accounts for senior citizens (persons 65 years or age or older) or full time students, if we have been so notified.

If your balance is at least $300.00 on every day in the cycle but falls below $400.00 on any day during the cycle we will impose a service charge fee of $2.00 once during each statement cycle. This fee will not apply to accounts for senior citizens (persons 65 years or age or older) or full time students, if we have been so notified.
 

 
 

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NOW Checking Account  

Frequency of rate changes We may change the interest rate on your account at any time.

Determination of rate At our discretion, we may change the interest on your account.
Click here to see our current rates

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.

Minimum balance to open the account You must deposit $1,000.00 to open this account.

Minimum balance to avoid imposition of fees A service charge fee of $6.00 will be imposed every statement cycle if the balance in the account falls below $1,000.00 any day of the cycle.

Minimum balance to obtain the annual percentage yield disclosed You must maintain a minimum balance of $500.00 in the account each day to obtain the disclosed annual percentage yield.

Daily balance computation method We used 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 first business day after the banking day you deposit non-cash items (for example, checks).
 

 
 

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Passbook Savings Account  

Frequency of rate changes We may change the interest rate on your account at any time.

Determination of rate At our discretion, we may change the interest rate on your account.
Click here to see our current rates

Compounding and crediting frequency Interest will be compounded every quarter. Interest will be credited to your account every quarter.

Effect of closing an account If you close your account before interest is credited, you will not receive the accrued interest.

Minimum balance to open the account You must deposit $10.00 to open this account.

Minimum balance to obtain the annual percentage yield disclosed You must maintain a minimum balance of $50.00 in the account each day to obtain the disclosed annual percentage yield.

Daily balance computation method We used 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 first business day after the banking day you deposit non-cash items (for example, checks).

Transaction limitations Transfers from a Passbook Savings account to another account or to third parties by telephone transfer are limited to six per calendar month with no transfers by check, draft, debit card, or similar order to third parties.

 
 

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Money Market Deposit Account  

Frequency of rate changes We may change the interest rate on your account at any time.

Determination of rate At our discretion, we may change the interest on your account.
Click here to see our current rates

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.

Minimum balance to open the account You must deposit $2,500.00 to open this account.

Daily balance computation method We used 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 first business day after the banking day you deposit non-cash items (for example, checks).

Transaction limitations The minimum amount you can deposit is $500.00 per deposit. The minimum amount you can withdraw is $500.00 per withdrawal.
Withdrawals, by mail or in person, or other transfers from a Money Market Deposit Account to another account or to third parties by telephone transfer are limited to six per monthly statement cycle with no transfers by check, draft, debit card, or similar order to third parties.
 

 
 

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