State Bank & Trust - Personal Savings

Standard Savings

At a Glance

Basic savings account with a lower maintenance fee than other accounts.

Best For

Consumers wanting to invest smaller amounts of money while maintaining limited access to their funds. This account is popular with family members wanting to open an account for minors.

Features

Monthly maintenance fee is waived for minors.

Minimum Balance

$300.00 minimum balance required.

Fees

$3.00 monthly maintenance fee if minimum ledger balance less than $300.00

$2.00 service charge per withdrawal after three per quarter.

Click here for current rate information.

Money Max Accounts

At a Glance

Money Max is a checking and savings account package providing a checking account with no monthly maintenance fee and a savings account earning better than market rate interest.

Best For

Consumers who want to maximize their earnings potential while maintaining access to their funds.

Features

	No monthly maintenance fee on checking account.
	Accounts may be linked to provide overdraft protection.

Minimum Balance

$2500.00 minimum balance required in Money Max savings account.

Fees

$5.00 monthly fee if minimum savings balance is less than $2500.00

$2.00 service fee per savings withdrawal or transfer after three per month.

If the savings balance remains below $2500.00 for a 90 day period, both accounts or converted to standard accounts.

Click here for current rate information.

Christmas Club Savings

At a Glance

A basic savings account plan with transfer amounts selected by the customer.

Best For

Consumers who want to save money throughout the year for their holiday expenses. Also great for Business customers who need additional cash around the holidays for expenses.

Features

	Convenient automatic transfers from existing checking accounts.
	No monthly fees or transfer fees.
	Fits any size budget because transfer amounts are selected by the customer.
	Earns a variable rate of interest on daily balances.

Minimum Balance

No minimum balance required.

Fees

$5.00 Early Closure Fee.
(account closed within 6 months of first transfer).

Transfers can be stopped without closing account.

I.R.A (Individual Retirement Account)

At a Glance

Individual Retirement Accounts that are FDIC insured are available for several purposes ranging from Tax-Deferred Accounts, Tax-Free Beneficiaries, and Education.

Best For

Consumers wanting to save money for retirement or educational expenses.

Features

Customers may choose between fixed rate investments for 6 or 12 months or variable rate investments for 18 months.

Minimum Balance

$50.00 to open an account. Contributions are capped at $2,000.00 per year per individual.

Fees

Early withdrawal penalties apply. Penalty for early withdrawal is 6 months of interest plus applicable IRS penalties of 10%. Please contact our IRA Administrator or a customer service representative for more information about applicable fees and terms.

Click here for current rate information.

Vacation Clubs

At a Glance

We offer three different vacation clubs: Winter, Spring and Fall. These are basic savings account plans with transfer amounts selected by the customer.

Best For

Consumers who want to save money throughout the year for their vacation expenses.

Features

Vacations are unique as our customers. This is why we offer a choice of three different plans to fit individual needs.

	Convenient automatic transfers from existing checking accounts.
	No monthly fees or transfer fees.
	Fits any budget because transfer amounts are selected by the customer.
	Earns a variable rate of interest on daily balances.

Minimum Balance

No minimum balance required.

Fees

$5.00 Early Closure Fee
(account closed within 6 months of first transfer)

Transfers can be stopped without closing account.