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Products
CHECKING
No matter what you’re looking
for in a checking account, rest assured that Community State
Bank has an account that will fit your needs. Visit with one
of our personal bankers or e-mail csb@csbindianola.com
us today for more information on our wide array of checking
account products.
NOW Checking If you want to
earn interest without having to keep a lot of money in the
bank, then this is the account for you. The interest earned
is compounded monthly, and is credited to your account monthly.
Also, you will receive state-of-the-art image bank statements
each month. By keeping a $500 average daily balance during
the monthly statement cycle, you will avoid paying the $6.00
monthly service charge. Also, this account can be part of
our club account, the “Prime” account, for a $7.00
monthly service charge.
SENIOR Checking
The perfect account
for those age 55 and older. The benefits of this account include
free checks (duplicates are not included), free travelers
checks, no monthly service charges, no minimum balance, image
bank statements, and a reduced price on a safe deposit box.
Senior Checking is also available in a NOW Checking account.
All depositors age 55 or better are eligible for Community
Club membership. Ask us for more info.
FREE Checking Finally, a free
account that’s actually “free”. This account
has no minimum balance and no monthly service charge. Cancelled
checks are not returned. This account can also be part of
our club account, the “Prime” account.
BASIC Checking This account has
no minimum balance, monthly image bank statements, along with
a low $5.00 monthly service charge. The account is limited
to 30 debits per month, or $0.20 is charged for each debit
in excess of 30. This account works well for those who like
the Free Account features, but desire the monthly image bank
statement.
REGULAR Checking This account has
a low $300.00 average daily balance requirement. If this balance
is maintained during the monthly statement cycle, then there
is no monthly service charge, otherwise the monthly service
charge is $5.00. An image bank statement is included as well.
This account can be a part of our club account, the “Prime”
account, for a $7.00 monthly service charge.
PRIME Account The bank “club”
account, which can be either a NOW account or Regular Checking
account. This account has a long list of features, including:
Unlimited check
writing, free checks, interest paid (NOW account only), discounts
on safe deposit boxes, ATM card (first year fee is waived),
discounts on an approved consumer loan application, free travelers
checks, free cashiers checks, free money orders, free notary
service, free coin counting service, free direct deposit of
payroll or social security checks, free automatic savings
plan, free $10,000 accidental death and dismemberment coverage,
free child ID kits, free first aid emergency guide, credit
card protection, key ring registration, home inventory protection
list, vision discounts, and much more, for only $7.00 each
month.
COMMERCIAL Checking This account includes
an Earnings Credit Rate that is set by the bank, and applied
to the collected balance, which reduces any monthly service
charges for compensating balances maintained in the account.
The service charge schedule includes a $5.00 account maintenance
charge, $0.15 for each check or debit, and $0.05 for a not
“on us” transit item credit. We also offer an
interest-bearing version of this account for sole proprietorships
and non-profit organizations, with the same service charges
as above. Also, deposit bag services with a lock is $15.00,
and a night depository key is $10.00.
SMALL BUSINESS Checking
This account has
no minimum balance and no charge for coin handling services.
There is no account maintenance fee. A maximum of 30 checks
are allowed per month, and an image bank statement is provided.
There is a charge of $0.15 for each check or debit paid, and
a $0.05 for a not “on-us” item credit. Finally,
deposit bag service with a lock is $15.00, and a night depository
key is $10.00.
SAVINGS Saving money is an important and
difficult job, but with the variety of savings accounts at
Community State Bank, your job can be made much easier. Contact
one of our personal bankers or e-mail us at csb@csbindianola.com
to learn more about our savings account products.
REGULAR Savings This account can
work for absolutely anyone. There is no minimum balance, and
you earn interest on your money, no matter how much or little
you have in the account. Interest is compounded daily and
paid quarterly. There is a limit of 6 debits per month. A
$1.00 debit item fee is charged for each debit in excess of
6 per month.
MONEY MARKET Savings This account is
perfect for those investors who are looking for a better return
than a savings account provides, while maintaining access
to those funds. The interest rates are tiered, with higher
balances earning higher interest rates. Interest is compounded
monthly and paid monthly. The minimum average daily balance
is $2,500, and a $10.00 service fee is charged if the average
daily balance falls under this level. In addition, a $10.00
debit item fee is charged if there are more than six withdrawals
during the monthly statement cycle.
CERTIFICATES of DEPOSITS
For even better interest rates, a
CD may be the right choice. Interest is compounded quarterly
and may be added to the certificate, paid by check, or deposited
to another account. There is only a $500.00 minimum initial
investment to open a CD, and higher rates typically are paid
for amounts over $10,000. Visit with our personal bankers
or e-mail us at csb@csbindianola.com
for information on our CD’s, including any “specials”
that we may be offering. Remember that there is a substantial
penalty for early withdrawal.
IRAs (Individual Retirement Accounts)
We are proud to offer several types
of IRAs, including the regular, Roth, Educational, and IRA
certificate of deposits and savings accounts. Interest is
compounded and paid quarterly on all types of IRAs. Talk with
one of our personal bankers or e-mail us at csb@csbindianola.com
for more information on our IRAs.
CD INTEREST RATES
Rates Current As Of May 5, 2008
APY= Annual
Percentage Yield
Our CD Interest Rates are as follows:
|
Interest Rate |
APY |
0-179
Days<10,000 |
1.49% |
1.50% |
0-179
Days>=10,000 |
1.49%
|
1.50%
|
6-11
Months<10,000 |
2.38% |
2.40% |
6-11
Months>=10,000 |
2.38%
|
2.40%
|
12-23
Months<10,000 |
2.43% |
2.45% |
12-23
Months>=10,000 |
2.43%
|
2.45%
|
24-35
Months<10,000 |
2.53% |
2.55% |
24-35
Months>=10,000 |
2.53%
|
2.55%
|
36-47
Months<10,000 |
2.72% |
2.75% |
| 36-47
Months>=10,000 |
2.72% |
2.75%
|
48-59
Months<10,000 |
2.87% |
2.90% |
48-59Months>=10,000 |
2.87% |
2.90% |
|
60 Months<10,000 |
2.97% |
3.00% |
60 Months>=10,000 |
2.97% |
3.00% |
INTEREST
RATES SUBJECT TO CHANGE WITHOUT NOTICE
CD
SPECIALS
***We
have a 13-Month special with an Interest rate of 2.87% and
an Annual Percentage Yield of 2.90%
Our CD interest
rates are very competitive and fully FDIC insured up to $100,000
per depositor.
***All specials
require a $5,000.00 minimum.
***All CDs require
a $500.00 minimum. ***Listed interest
rates require an existing or new primary checking account
at Community State Bank Indianola/Fort Des Moines/Lucas/Norwalk.
***Non-customer
interest rates and APY can be as much as 0.50% lower than
disclosed interest rates.
This is a limited
time offer with a substantial penalty for early withdrawal.
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| EQUAL HOUSING LENDER |
MEMBER FDIC |
FREE ONLINE BANKING WITH FREE BILL PAYER AVAILABLE AT COMMUNITY
STATE BANK
What can I do with Online Banking?
- Check your account balances day or night
- Transfer funds between your accounts
- Find out what checks have cleared and which deposits
have posted
- Verify that ATM transactions have posted
- Access Bill Payer and pay bills directly from your account
What is Bill Payer? Instead of writing checks and sending
them through the mail, you can pay your bills through CSB’s
Bill Payer service. Use the convenience of your own PC to
pay your bills online.
SIGN UP ONLINE
BY CLICKING ON THE "ONLINE BANKING" BUTTON THEN
CHOOSE THE "FIRST TIME USER" BUTTON OR COME IN AND
SIGN UP TODAY!
COMMUNITY CLUB
The Community Club
is open to all depositors age 55 or better and is the first
of its kind in the bank’s 120 year history.
The Community Club
provides its members with a special package of banking services
and benefits, along with various activities, including trips,
seminars and social events.
In addition to
a free checking account with no minimum balance, club members
will also receive a host of other benefits, including:
- No annual fee or usage fees on ATM or debit cards
- Discounted safe deposit boxes
- Free $2,000 Accidental Death Insurance policy (only with
a checking account)
- Overdraft protection (subject to credit approval)
- Special CD bonus rates (offered periodically at the bank’s
discretion)
- Emergency medical expense waiver
- Free travelers checks
- Free cashiers checks
- Free money orders
- Free notary service
- Free photocopy and fax service
- Free stop payments
- Free direct deposit
- Travel opportunities
- Seminars
The bank acknowledges
the importance of this segment of its population and customer
base. We created this club to allow us to work closer with
these customers. They represent an important part of our bank’s
business, and we will provide them with the personalized,
courteous service that they deserve.
One unique aspect
of the Community Club involves the emergency medial expense
waiver. Should a club member incur hospitalization or nursing
care services, the bank will allow an early withdrawal of
the customer's certificate of deposit at no charge. We realize
that these types of expenses can be both sudden and large
in nature and want to ensure that our club members can access
their funds without cost, if necessary.
Bank officials
encourage everyone at least 55 years of age to call or visit
the bank to find out more information or to sign up for the
club.
*A Division of Community
Bank, Indianola
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