Personal CHECKING ACCOUNTS Comparison Chart (Current Interest Rates)

	ACCOUNT FEATURES	EMERALD ELITE	INTEREST CHECKING	CLASSIC 55	FREE CHECKING	FREE E CHECKING	MONEY MARKET
Monthly Service Charge		$8 if the balance falls below $1500	$8 if the balance falls below $500	$0	$0	$0	$8 if the balance falls below $2500
Minimum Opening Balance		$1500	$500	$100	$100	Convert from existing account	$2500
Earns Interest?		Yes	When balance exceeds $500	No	No	When balance exceeds $500	Yes, tiered rates When balance exceeds $500
Free Basic Wallet Checks? (extra charge for duplicate or designer checks)		Yes	No	No	No	No	Yes
Image Checks Returned?		Yes	Yes	Upon Request	Upon Request	Yes, Electronic Delivery	Yes
Free 3 X 10 (or Smaller) Safe Deposit Box? (when available)		Yes	No	No	No	No	No
Internet Bill Pay?		Free, but sign up for E-Statement anyway	Free with E-Statements	Free with E-Statements	Free with E-Statements	Free	No, but sign up for E-Statements anyway
Free Cashier's Checks and Money Orders?		10 per month	No	5 per month	No	No	No
Free Travelers Checks? (for one)		Yes	No	Yes	No	No	No

EMERALD ELITE

This account includes free extras such as free basic checks, free online bill-pay, statements with check images, and other great benefits (see Comparison Chart).  $1500 minimum balance. Sign up for E-statements to help save paper.

Emerald Elite account holders also get these added benefits:

• $100 discount on mortgage loan origination fees
• 0.5% rate reduction on consumer loans which automatic payment from an SBSU account
• Free 3x10 Safe Deposit box
• Up to 10 free Cashiers Checks or Money Orders per month
• No-fee Travelers Checks for one

INTEREST CHECKING (Current Interest Rates)

State Bank's most popular account. Accrues interest and avoids fees when the balance exceed $500. Allows unlimited check writing. Images of canceled checks are returned in the monthly statement.

Sign up for E-statements to get free bill pay.

CLASSIC 55

For folks 55 years or older.  $100 to open.  Free basic checks, no monthly service charge and no minimum balance. Check images may be returned upon request.

Get free bill pay when you sign up for E-statements!

Free Checking (Current Interest Rates)

A great value. No monthly service charge and no minimum balance. Check images are returned upon request.

Get free bill pay when you sign up for E-statements!

FREE E CHECKING (Current Interest Rates)

Convert any existing Checking account at SBSU to Free E Checking and get the following:

• Free bill pay
• No minimum balance fee
• Earn Interest when balance exceeds $500
• Electronic statement with check images
• Click here to convert any existing personal Checking account at SBSU to Free E Checking.

For Business accounts, sign up for E-Statements to get Free Bill Pay. Click here to begin.

MONEY MARKET(Current Interest Rates)

Interest tiers start at $500 and increase at $25K, again at $100K and again at $500K with this FDIC insured account.

Maintain at least $2500 to avoid the $8 per month service fee.

Money Market transactions are federally regulated to no more than six (6) convenience withdrawals per monthly cycle, three of which may be by check. Avoid the limits by visiting the bank in person and filling out an "Advice of Charge". This type of withdrawal is not considered convenient and is therefore not regulated. Be sure to use the "Advice of Charge" slip. Otherwise, the withdrawal or transfer may count toward the regulated limit. Over-the-limit regulated withdrawals cost $10 each.

Why all the regulations? That is a very good question. Legislation to raise the withdrawal limit to 24 per month has been proposed several times, but never been approved. For the time being the Federal Reserve requires banks to maintain reserves on transaction accounts (i.e. checking accounts). However, because of the limits, Money Market accounts are generally not considered transaction accounts. Therefore, no reserves are required. This helps explain why regulators look closely at the accounts to make sure the transaction limits are being enforced.

Traditional IRA (Current Interest Rates)

Open a State Bank of Southern Utah IRA to earn tax deferred interest. Contributions are generally tax deductible. Certain limits to deductibility apply if you or your spouse are covered by a retierment plan at word. Consult a tax advisor.  Penalty-free withdrawals begin at age 59 ½.  Withdrawals must start by age 70 ½ to avoid substantial IRS penalties.  Talk to your New Accounts representative for details. FDIC insured to $250K per owner per institution. Learn more about IRA's.

ROTH IRA

This is the most exciting investment vehicle to come along in decades. Contribute after-tax dollars into your Roth IRA for as long as you have earned income. Minimum distributions are not required.  Leave your money at least 5 years and be at least 59 ½ to make tax and penalty free withdrawals.  Talk to your New Accounts representative for details. FDIC insured up to $250K per owner per institution. Learn more about IRA's.

SAVINGS (Current Interest Rates)

Open a savings account today with only $10 and increase the balance by an automatic funds transfer each payday to provide a secure future with this FDIC insured account. Six free withdrawals are permitted per month, then $5 each. ATM withdrawals are not limited.

E-SAVINGS. . .

• Combine your Savings statement(s) with your Checking statement.
• Eliminate paper statements. You will receive an E-mail notice when your statement is ready.
• Earn a promotional interest rate.
• Get free bill pay with your Checking account if you later decide to sign up for it.
• Convert my Savings account now!

e-money Market. . .

• Eliminate paper statements. You will receive an E-mail notice when your statement is ready.
• Keep the benefits and cut-off date of the account you have.
• Check images will be included with your statements.
• Convert my Money Market account now!