Consumer Savings Accounts
| Account Type |
Minimum Deposit
Requirement to
Open Account |
Maintenance Fee |
Interest Paid |
Features - Benefits |
| Money Market Savings |
$1,000 |
- No Maintenance fee if balance remains above $1,000.
- $5.00 Maintenance fee if balance falls below $1,000.
- 6 free withdrawals - $1.00 per check/debit fee over 6.
- Federal Regulation D limits savings accounts to 6 transfers per month(calendar or statement cycle) by check, draft, debit card or other payment order to a 3rd party as well as transfers out by telephone, Internet or through an automated clearing house (ACH).
- No monthly fee for ATM Card available with separate application. |
Yes |
- Automatic transfers limited
- Direct Deposit
- Higher rate of interest than regular savings
- 24 Hour Touch Tone Teller |
| VIP Money Market Savings |
$15,000 |
- No Maintenance fee if balance remains above $15,000.
- $10.00 Maintenance fee if balance falls below $15,000 or combination of all accounts and CD's fall below $50,000.
- 6 free withdrawals - $1.00 per check/debit fee over 6.
- Federal Regulation D limits savings accounts to 6 transfers per month(calendar or statement cycle) by check, draft, debit card or other payment order to a 3rd party as well as transfers out by telephone, Internet or through an automated clearing house (ACH).
- No monthly fee for ATM Card available with separate application. |
Yes |
- Automatic transfers limited
- Direct Deposit
- Higher rate of interest than regular savings
- 24 Hour Touch Tone Teller |
VIP
Savings |
$2500 |
- No Maintenance fee unless balance in account falls below $2500 minimum balance or combination of accounts falls below $50,000.
- $5.00 Maintenance fee
- $.50 per debit charge over 10-activity charge
- Federal Regulation D limits savings accounts to 6 transfers per month(calendar or statement cycle) by check, draft, debit card or other payment order to a 3rd party as well as transfers out by telephone, Internet or through an automated clearing house (ACH).
|
Yes |
- No monthly fee for ATM Card available with separate application
- No fee on Money Orders and Cashier's Checks - 5 per month
- No fee on photocopies - 5 per month
- No fee on Notary & Signature Guarantee
- Direct Deposit
- Online Banking
- Free encoded savings slips for VIP Savings
- Free standard style checks, single or duplicate - 1 box per order
- 24 Hour Touch Tone Teller
|
| Statement Savings |
$50 |
- No Maintenance charge if balance remains above $50.
- $3.00 Maintenance charge if balance falls below $50.
- Federal Regulation D limits savings accounts to 6 transfers per month(calendar or statement cycle) by check, draft, debit card or other payment order to a 3rd party as well as transfers out by telephone, Internet or through an automated clearing house (ACH).
- No monthly fee for ATM Card available with separate application.
- $0.50 Activity Charge per withdrawal over 10.
|
Yes |
- Automatic transfers limited
- 24 Hour Touch Tone Teller
- Lower minimum balance required
- Quarterly statement |
| Christmas Club |
$5 |
No fees.
No withdrawals allowed. |
Yes |
-A check is automatically mailed to you the first week of November.
-Annual statement |
| Minor Savings |
$10 |
- No Maintenance charge if balance remains above $10.
- $2.00 Maintenance charge if balance falls below $10.
- 10 free withdrawals per quarter. $.50 Activity Charge per withdrawal over 10.
- Federal Regulation D limits savings accounts to 6 transfers per month(calendar or statement cycle) by check, draft, debit card or other payment order to a 3rd party as well as transfers out by telephone, Internet or through an automated clearing house (ACH).
- Account will automatically change to statement savings account on 18th birthday. |
Yes |
- Automatic transfers limited
- Quarterly Statements
|
* We require that you have $200.00 on deposit to cash a Non-CornerStone State Bank check without a check-cashing fee.
* We may change the rate on interest bearing accounts, at any time, at our discretion. As rates change in the market place, current rate are always posted in the bank lobby.
* We use the daily collected balance method to calculate the interest on this account. The method applies a daily periodic rate to the collected principal balance in the account each day.
* Encoded savings slips are provided free of charge to the account holders.
* Subject to service charges if dormant for 12 months.
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