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Statement
Savings
- $25 minimum
opening deposit
- $100 minimum
average daily balance required to earn interest
- $100 average
daily balance required to avoid service charge
- Interest
will be compounded quarterly and added to the account every quarter
- $3.00 monthly
maintenance fee if the average daily balance is not maintained
- Four free
withdrawals in person per month; any additional withdrawals will
be $3.00 each
- Unlimited
ATM withdrawals
Smart Money Savings
- $25 minimum opening deposit
- Interest is tiered based on the balance in your account / Please see Deposit Rate Page
- We may change the interest rate on your account daily
- At our discretion, we may change the interest rate on your account
- Interest will be compounded daily and credited to your account monthly
- $10.00 service charge fee will be imposed every month if the balance in the account falls below $100.00 any day of the month
- We use 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
- Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example checks)
- Transfers from a Smart Money Savings account to another account or to third parties by preauthorized, automatic, or telephone transfers, are limited to six per month with no transfers by check, draft or similar order to third parties. Teller transactions will be limited to transfers from the Smart Money Savings account into a qualified Farmers State Bank checking account. This account is available only in combination with a Farmers State Bank checking account.
- $25.00 fee will be charged for each automatic transaction in excess of six during a month
Holiday
Club
Start
your holiday shopping today by saving a small amount each week;
get a Holiday Club check in early October just in time to pay for
your holiday purchases.
- No Minimum balance to open this account
- Any amount
may be deposited at any time during the cycle
- Automatic
transfers from other accounts
- Interest
is added at maturity
- If any withdrawal
is made prior to the Club check being issued, the account may
be closed
- Interest
cannot be withdrawn prior to maturity
- Effect of closing an account: If you close your account before interest is credited, you will not receive the accrued interest. If you close your account within the first 90 days after account opening, a $25.00 early account-closing fee will be assessed to your account.
For more information
about our Personal Savings Accounts, e-mail Kristen.Beverly@fsbanking.com
or contact us at the location nearest
you.
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