Personal Banking � State Savings Bank

Banking on a personal level. Outstanding customer service tailored to each individual and people who know you by name. State Savings Bank offers a variety of options from basic checking accounts with no minimum balance to our competitive Select checking and savings accounts and CD’s.

Contact one of our personal bankers in the customer service department to find out all the details today!

Checking Accounts
Savings Accounts
ATM / Debit Cards
Certificates of Deposit
CDARS (Certificate of Deposit Account Registry)
IRA Accounts
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Checking Accounts

Account Type	Minimum to Open	Minimum Balance Requirement	Minimum Balance Charge Fee*	Interest Earned	Images Returned
Free Checking	$25.00	None	None	No	Yes⁺
Classic Checking	$50.00	$300.00	$8.00	No	Yes
NOW Account	$700.00	$700.00	$10.00	Yes	Yes
SSB Select Checking **	$5,000.00	$5,000.00	$10.00	Yes	Yes
Rewards Checking***	None	None	None	Yes	Yes⁺
* Subject to Iowa State tax Free Cashier's Checks, Money Orders, Visa Travel Card & Notary Service. *Free electronic statements will be available through www.statesavingsonline.com. Paper statement will not be mailed. ⁺Images are available with electronic statements. Overdraft Privilege Services Available - See Description No minimum balance charge fee will be charged unless your balance falls below the specified minimum balance on any day during the statement cycle. For the Classic Checking and Classic Savings accounts, no minimum balance charge fee will apply to accounts of those 17 years of age or under and those 65 years of age or older. The following information applies to all interest bearing checking and savings accounts: Your interest rate and annual percentage yield may change at any time at our discretion. Current interest rates are available by calling (515) 457-9533, 515-987-4411, or 641-227-3161. Interest compounds and credits quarterly for Children's and Classic Savings accounts and monthly for all other accounts. Interest is calculated by the daily balance method which applies a periodic rate to the balance in the account each day. Interest begins to accrue on the first business day after the banking day after the banking day you deposit non-cash items (i.e. checks). An excessive withdrawal fee of $1.00 will be charged for each savings withdrawal or transfer in excess of six during a month. Fees may reduce earnings.

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Savings Accounts

Account Type	Minimum to Open	Minimum Balance Requirement	Minimum Balance Charge Fee*	Withdrawals or Transfers
Classic Savings	$50.00	$100.00	$5.00/quarter	Limited to six per month
Super Savings	$2,500.00	$2,500.00	$5.00/month	Limited to six per month
Children's Savings	None	None	None	Limited to six per month
*No minimum balance charge fee will be charged unless your balance falls below the specified minimum balance on any day during the statement cycle. For the Classic Checking and Classic Savings accounts, no minimum balance charge fee will apply to accounts of those 17 years of age or under and those 65 years of age or older. The following information applies to all interest bearing checking and savings accounts: Your interest rate and annual percentage yield may change at any time at our discretion. Current interest rates are available by calling (515) 457-9533, 515-987-4411, or 641-227-3161. Interest compounds and credits quarterly for Children's and Classic Savings accounts and monthly for all other accounts. Interest is calculated by the daily balance method which applies a periodic rate to the balance in the account each day. Interest begins to accrue on the first business day after the banking day after the banking day you deposit non-cash items (i.e. checks). An excessive withdrawal fee of $1.00 will be charged for each savings withdrawal or transfer in excess of six during a month. Fees may reduce earnings.

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ATM/Debit Cards

Tired of getting charged withdraw fees on your ATM transactions? Want to be able to have the flexibility of a credit card yet pay for purchases out of your checking account? Why not inquire about our convenient ATM and Debit cards and receive the benefits of banking through our Privileged Status network.

ATM cards provide an easy way of accessing and/or depositing funds from a checking or savings account and offer the convenience of banking that your busy schedule requires. Our Shazam®Chek card not only provides all the features of an ATM card by using personal four digit pin number, but can be used to access funds from your checking account anywhere a MasterCard® is accepted. If your debit card is lost or stolen, please call 1-800-383-8000 as soon as possible. A customer service representative will assist you. Thank you.

Find out more about Privileged Status by clicking on the attached link. Stay in our nationwide network of ATM’s and withdrawal cash at any of these convenient locations without receiving a withdraw fee. Contact one of our friendly customer service representatives today at (515) 457-9533 to get started with hassle free ATM/Debit cards.

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Certificates of Deposit

A minimum deposit of $2,000 is required to open a regular Certificate of Deposit. Interest rates on CD’s then tier at $15,000 and $50,000. If the certificate is presented for payment before maturity, an early withdrawal penalty will be assessed against the principal amount withdrawn from the CD as follows:

Three months interest, whether earned or not, on CD’s with a maturity of one year or less.
Six months interest, whether earned or not, on CD’s with a maturity more than one year.

Check our current rates or contact one of our banking professionals today to find out more information!

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CDARS (Certificate of Deposit Account Registry Service)

State Savings Bank is proud to announce that we are member of the CDARS program. We can now insure deposits with our Bank up to the amount of $25,000,000 with FDIC insurance. We are members of a special network. When you place a deposit with us, we place your funds into CDs issued by other banks in the network. This occurs in increments of less than $100,000 to ensure that both principal and interest are eligible for full FDIC insurance. These exchanges, which occur on a dollar-for-dollar basis, bring the full amount of your original investment back to our bank. As a result, we make the total value of your deposit available for community lending purposes. So, you can invest in the local community while protecting your investment.

There are many benefits to working directly with our CDARS program. You can enjoy…

One Stop Shopping
Simplified Record Keeping
One banking relationship
One Interest Rate
One monthly statement
CD-Level Returns
Security of FDIC Insurance
Time-Saving Conveniences
Community Investment

We would like the opportunity to show you what the CDARS program can do for you and your investment needs. Please one of our personal banking professionals, who will assist you in opening the right account.

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IRA Accounts

State Savings Bank offers competitive rates and terms and a variety of options for your retirement savings. Please contact one of our personal bankers in the customer service department and they can assist you in opening the right account for you.

Roth IRA

Eligible individuals are allowed non-deductible contributions with tax-free withdrawals for certain distribution reasons after a five year holding period. Beginning in 2003, individuals age fifty and older will have an opportunity to make catch up contributions which exceed the standard contribution limits. Consult your tax advisor to see if this IRA might be for you.

Traditional IRA

Whether it’s a new plan or a transfer/rollover, let our customer service representatives help you set up your traditional IRA plan. Beginning in 2003, individuals age fifty and older will have an opportunity to make catch up contributions which exceed the standard contribution limits. Consult your tax advisor to see if this IRA might be for you.

Coverdale Education Savings Accounts

Non-Deductible account with tax free withdrawals for a child’s educational expenses. Federal eligibility requirements and contribution limits apply. Consult your tax advisor.

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