Deposit Services
Free Personal Checking
This is a free personal checking account that has a zero minimum balance, requires a $100 opening deposit, and has unlimited check writing priviledges. This account is not available to businesses.
Additionally, an optional chek card is available on the account to qualifying individuals, with a Maintenance Charge Fee of $1.50 per chek card, per statement cycle. The chek card may be used at Automatic Teller Machines (ATMs) to make deposits, withdrawals, or balance inquiries. The card may also be used at merchants for purchases, with the cost of the purchase being deducted from your account just like a check.
Interest Bearing Checking Account (NOW)
This is a variable interest rate, personal checking account that requires a $500 minimum average daily balance for the statement period, requires a $100 opening deposit, and has unlimited check writing privileges.
If your average daily balance falls below $500 for the statement period we may impose a Service Charge consisting of a Maintenance Charge of $2.00, plus a Per Debit Charge of 20 cents for each withdrawal made during the month. This account is not available to partnerships or corporations operated for profit.
Additionally, an optional chek card is available on the account to qualifying individuals at no cost. The chek card may be used at Automatic Teller Machines (ATMs) to make deposits, withdrawals, or balance inquiries. The card may also be used at merchants for purchases, with the cost of the purchase being deducted from your account just like a check.
Eitzen Elite Checking
This is a variable interest rate, personal checking account that requires a $10,000 minimum average daily balance for the statement period, requires a $500 opening deposit, and has unlimited writing privileges.
If your average daily balance falls below $10,000 for the statement period we may impose a Service Charge consisting of a Maintenance Charge of $20.00. This account is not available to partnerships or corporations operated for profit.
Additionally, an optional chek card is available on the account to qualifying individuals at no cost. The chek card may be used at Automatic Teller Machines (ATMs) to make deposits, withdrawals, or balance inquiries. The card may also be used at merchants for purchases, with the cost of the purchase being deducted from your account just like a check.
Statement Savings Account
Requires a $10.00 opening deposit, and a $100 minimum average daily balance for the statement period. If your average daily balance for the statement period falls below $100 we may impose a Service Charge consisting of a Maintenance Charge of $5.00. Service Charges will be waived for Minors under the age of eighteen.
Money Market Account
This is a variable interest rate account that requires a $1,000 minimum average daily balance for the statement period, and requires a $1,000 opening deposit. If the average daily balance for the statement period falls below $1,000 we may impose a Service Charge consisting of a Maintenance Charge of $10.00. Customers have unlimmited in-person or ATM withdrawal privileges along with unlimited transfers at a teller window or ATM as long as it is with our institution.
Customers are limited to 6 preauthorized and/or automatic transfers per statement period and only 3 of these may be by check to a third party.
IRA's (Individual Retirement Accounts)
Regular, Roth & Educational IRA's are available, with the option to receive either a fixed or variable interest rate.
HSA's (Health Savings Accounts)
This is a variable interest rate account for qualifying individuals that requires a $500 opening deposit, and has unlimited check writing privileges with an optional chek card. There is a monthly Maintenance Charge of $2.25; this Maintenance Charge is waived if average daily balance for statement period is $3,000 or more. There is a one-time Setup Fee of $25 and a withdrawal fee of $1.50 per ATM withdrawal.
Business Checking
This is a commercial checking account that requires a $500 minimum average daily balance, a $100 opening deposit, has unlimited check writing privileges, if your average daily balance for the statement period falls below $500 we may impose a Service Charge of $10.00, plus a Per Debit Charge of 10 cents for each withdrawal made during the statement period.
Certificates of Deposit
These are time deposits that require a $1,000 opening deposit. Higher interest rates and annual percentage yields are available on deposits with longer maturities, and on balances over $10,000, and offer the following interest payment options:
- Compounding Plan: Interest is automatically added to your certificate's balance at maturity for deposits of less than one year, and annually for deposits of one year or more.
- Auto Deposit Plan: Interest is automatically deposited to another account at the Eitzen State Bank. Available monthly on deposits of $10,000 or more, semianually on deposits less than $10,000.
- Check Plan: A check for the interest will be mailed to you monthly for deposits of $10,000 or more, semianually on deposits less than $10,000.
- The option to convert Certificates to cash or another form of investment at half-term without penalty is also available on terms greater than 2 years.
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