Citizens State Bank - Savings Accounts .
 
 

Statement Savings Account

  • Minimum balance to open- The minimum balance required to open this account is $100.00.
  • Minimum balance to avoid a fee- If your balance falls below $100.00 on any day in the month, your account will be subject to a $5.00 Service Charge for that month.
  • Deposit limitations- You may make unlimited deposits into your account.
  • Accrual of interest on noncash deposits-Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
  • Compounding frequency-Interest will be compounded daily
  • Crediting frequency-Interest will be credited into this account quaterly
  • Effect of closing an account-If you close your account before interest is paid you will not receive the accrued interest.
  • Daily balance computation method-Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
  • Rate Information- At our discretion, we may change the interest rate for this account. The interest rate and annual percentage yield may change daily
  • Withdrawal limitations- a $5.00 Service Charge for excess withdrawal penalty will be assessed on all withdrawals exceeding limit. 
  • Limitations on frequency of transfers- During any month you may not make more than 3 withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or instruction, computer transfer, or by check, draft, debit card, or similar order to a third party. 
  • Additional terms- Preauthorized drafts and /or ACH debits are not permitted. Children under 21 years old are exempt from a service charge.
  • Additional terms- If transfer or withdrawal limits are exceeded 3 times within a 12 month period, account will be closed and a non-limited transaction checking account will be opened.
  • ACH deposits
  • Internet access to account
  • 24 Hour Voice access to account
  • Designated for individuals and businesses

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Christmas Club Savings Account

  • Minimum balance to open-The minimum balance required to open this account is $25.00.
  • Minimum balance to obtain the disclosed annual percentage yield- You must maintain a minimum daily balance of $25.00 in this account each day to obtain the disclosed annual percentage yield.
  • Minimum balance to avoid a fee-If your balance falls below $25.00 on any day in the statement cycle, your account will be subject to a $15.00 Service Charge for that statement cycle.
  • Deposit limitations-You may make an unlimited number of deposits into your account.
  • Accrual of interest on noncash deposits-Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
  • Compounding frequency- Interest will be compounded quarterly.
  • Crediting frequency-Interest will be credited into this account annually.
  • Effect of closing an account-If you close your account before interest is paid you will not receive the accrued interest.
  • Daily balance computation method-Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
  • Rate Information- At our discretion, we may change the interest rate for this account. The interest rate and the annual percentage yield may change daily.
  • Withdrawal limitations-No withdrawals are permitted. A $15.00 Service Charge will be assessed for early withdrawal penalty.
  • Withdrawal of interest prior to maturity-The annual percentage yield is based on an assumption that interest will remain in the account until maturity. A withdrawal will reduce earnings.
  • Additional Terms-The account is a club account. Your account will mature on the 3rd Friday of each October. During the first week of November, you will be mailed a check for the balance of your account. You may reopen your account by making a deposit between November 1st and December 31st.

Check our Deposit Rates>

 

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Citizens State Bank, 1330 W. Commerce Street, PO Box 278, Buffalo, Texas 75831 |
903-322-4256
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