1902 Hill Ave • Spirit Lake, IA 51360 • 712.336.2455
101 N State Street • Terril, IA 51364 • 712.853.6200
Personal Accounts
Freedom Checking
- No minimum balance
- No service charge
- First 50 checks FREE
- $25.00 opening deposit
- Unlimited check writing per statement cycle
- Order checks from Deluxe®
Regular Checking
- $400.00 minimum balance to avoid fees
- Free ATM/Debit card withdrawals at our ATM locations
- Waived service charge for retired account holders
- Unlimited check writing per statement cycle
- Order checks from Deluxe®
NOW Checking
- $750.00 minimum balance to avoid fees
- Variable rate compounded daily and paid monthly
- Waived service charge for retired account holders
- Unlimited check writing per statement cycle
- Order checks from Deluxe®
Navigator Checking
- $15,000.00 minimum balance to avoid fees
- FREE ATM/Debit card withdrawals at ALL locations
- FREE debit card
- Variable rate compounded daily and paid monthly
- Unlimited check writing per statement cycle
- Order checks from Deluxe®
Savings
- $5.00 opening deposit
- Variable rate compounded daily and paid quarterly
- Monthly statement if EFT activity, otherwise quarterly
Health Savings Accounts
- Tax advantaged savings account used for medical expenses
- $50.00 opening deposit
- First 25 checks FREE
- Variable rate compounded daily and paid monthly
Money Fund
- $1,000.00 opening deposit
- Variable rate compounded daily and paid monthly. Rate increases with higher balances.
- Maximum of 6 preauthorized transfers
- Monthly Statement
Time Certificates
Retirement Accounts
- $25.00 opening deposit
- Traditional IRA, Roth IRA, Simple IRA
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Business Accounts
Business Analysis Checking
- Standard Business Activity Account
- $0.10 per foreign item deposited. $0.15 transaction charge per debit
- 2.0% periodic earnings credit applied to reduce or eliminate fees. (Rate subject to change)
- Monthly Statement
Small Business Checking
- Business Account with fewer items processed
- $5.00 per statement. $0.10 per debit over 15
- Monthly Statement
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NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010 through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.
The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trus Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, money-market deposit accounts.
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.