Securant Bank & Trust

Checking & Savings

Effective July 1, 2012 rev 4-13

Checking Accounts

Check Rates

Disclosures

Check reorder available online

Value Checking

For the client who needs a checking account but only writes a few checks each month.

  • No interest paid
  • Free check safe keeping
  • Minimum to Open: $100
  • No minimum daily balance
  • Monthly fee: $4.25
  • 0 - 12 checks per month, no fee. 13 or more checks or withdrawals, $0.65 each

Regular Personal Checking

Provides unlimited transactions with a low minimum balance for bill paying and money management services.  Monthly maintenance and transaction fees are waived if direct deposit services are used.

  • No interest paid
  • Minimum to Open: $100.00
  • Minimum Daily Balance to avoid fees: $500.00. $7.50 per month fee if account falls below minimum
  • Fees and minimum balance requirements waived if client has $2,000.00 in any savings account or CD
  • Fees and minimum balance requirements waived if client has social security, pension, or payroll directly deposited to account

NOW Checking*

Provides an interest bearing checking account with unlimited check writing privileges.

  • Unlimited check writing privileges
  • Simple interest* paid on daily collected balance at posted rate
  • Interest credited to account monthly on statement date
  • Minimum to Open: $100.00
  • Minimum Daily Balance to avoid fees: $1,000.00. $10.00 per month fee if account falls below minimum
  • Fees and minimum balance requirements waived if client has $2,500.00 in any savings account or CD

Money Market Checking*

Provides an interest paid at money market rates if you maintain a minimum daily balance of $5,000.00 or more.

  • Unlimited check writing privileges
  • Simple interest* paid on daily collected balance at posted money market rate
  • Interest credited to account monthly on statement date
  • Minimum to Open: $1,000.00
  • Minimum Daily Balance to avoid fees: $5,000.00. $12.00 per month fee if account falls below minimum
  • Fees and minimum balance requirements waived if client has $10,000.00 in any savings account or CD

Savings Accounts*

Check Rates

Disclosures

 

Statement Savings Accounts*

For clients who need ready access to their savings dollars.

  • Minimum daily balance
  • Quarterly statement provided
  • If an account has Electronic Funds Transfer activity, a statement will be generated as of the month end in which the activity occurs
  • Interest credited quarterly. Daily balance method is used to calculate interest (This method applies a periodic rate to the balance in the account each day.)
  • Minimum to Open: $200.00
  • Minimum Daily Balance to avoid fees: $200.00. $5.00 per month fee if account falls below minimum
  • Deposits and withdrawals can be made at any time
  • 0 - 5 withdrawals per month, no fee. 6 or more, $0.50 each
  • Qualified account balances can be used to offset checking account fee
  • Loan payments for Securant Bank & Trust loans can be automatically deducted

Minor Statement Savings Account*
(Uniform Gift to Minor Account)

For clients under 18 who want to begin a savings account.

  • Interest credited quarterly
  • Daily balance method is used to calculate interest (This method applies a periodic rate to the balance in the account each day.)
  • Minimum to Open: $50.00
  • Deposits and withdrawals can be made at any time
  • 0 - 5 withdrawals per month, no fee. 6 or more, $0.50 each

Health Savings Accounts*

A Health Savings Account (HSA) is a health care spending account for anyone covered by high-deductible health insurance plan. As contributions to the account are made with pre-tax salary reductions, it's a great way to save for your health care deductible while taking advantage of tax savings.  And, both the employer and the employee may make contributions to the account.

Money Market Investment Account

For high balance checking or savings account clients who need liquidity in an investment that pays a competitive rate of interest.

  • Simple interest paid using average daily balance method of calculation on daily collected balance, figured on a 365 day basis and credited to account weekly
  • Multiple tiers of interest based on balance level
  • Interest paid on each tier has a specific rate
  • Deposits can be made at anytime
  • Minimum to Open: $1,000.00
  • Minimum Daily Balance to avoid fees: $1,000.00. $10.00 per month fee if account falls below minimum

Capital Investor

The Capital Investor account offers a high, competitive rate of interest, yet is fully insured, and you have immediate access to your funds, day or night. A minimum deposit of $1,000.00 will open this great investment opportunity.

  • High interest rate, based on the 91-Day Treasury Bill Rate when you maintain a balance of at least $25,000.00. If your account balance is less than $25,000.00, you receive a rate of interest set by the bank
  • Monthly maintenance fee of $15.00 if account falls below $2,000.00
  • Simple interest paid on daily collected balance figured on a 365 day basis and credited to account monthly on statement date
  • Multiple tiers of interest based on balance level

All accounts have 24-hour access to Premier Online Banking

See Fee Schedule for miscellaneous charges

All checking accounts feature monthly statements

§You may make as many withdrawals as you wish by mail, in person or at an ATM. Federal regulations, however, limit pre-authorized, electronic or telephone withdrawals to six per month. Six of these may be checks, drafts or debit card transactions to a third party.

*Annual Percentage Yields (APY), Interest Rates and terms are: variable, subject to change, and available in the Investment Rates brochure.