• Comparison
    Chart
  • Emerald
    Elite
  • Interest
    Checking
  • Classic
    55
  • Free
    Checking
  • Free E
    Checking
  • BIG
    Interest
  • Money
    Market

  • IRA's
  •  
    Savings
  • Deposit Rates
    & Features

Personal CHECKING ACCOUNTS Comparison Chart (Current Interest Rates)

  ACCOUNT FEATURES EMERALD ELITE INTEREST CHECKING CLASSIC 55 FREE CHECKING FREE E CHECKING BIG INTEREST MONEY MARKET  
  Monthly Service Charge $8 if the balance falls below $1500 $8 if the balance falls below $500 $0 $0 $0 $0 $8 if the balance falls below $2500  
  Minimum Opening Balance $1500 $500 $100 $100 Convert from existing account Convert from existing account $2500  
  Earns Interest? Yes When balance exceeds $500 No No When balance exceeds $500 BIG
Interest on qualifying accounts
Details 		Yes, tiered rates
When balance exceeds $500 		 
  Free Basic Wallet Checks?
(extra charge for duplicate or designer checks) 		Yes No Yes No No No Yes  
  Image Checks Returned? Yes Yes Upon Request Upon Request Yes, Electronic Delivery Yes, Electronic Delivery Yes  
  Free 3 X 10 (or Smaller) Safe Deposit Box?
(when available) 		Yes No 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 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 No  

logo 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 with automatic payment from an SBSU account
  • Free 3x10 Safe Deposit box
  • Up to 10 free Cashiers Checks or Money Orders per month

logo INTEREST CHECKING (Current Interest Rates)

State Bank's most popular account. Accrues interest and avoids fees when the balance exceeds $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.

logo 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!

logo 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!

logo 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.

logo Big Interest CHECKING** (Current Interest Rates)

Annual Percentage Yield Effective as of

  1.51% APY* Qualifying Accounts up to $50,000  
  0.38% APY* - 1.51% APY* Qualifying Accounts Over $50,000 (Actual yield is a blended rate depending on balance between 0.38% APY and 1.51% APY)  
  0.13% APY* Non-Qualifying Accounts (Entire Balance)  
  *Annual Percentage Yield
**Variable Rate Account. The rate may change after the account is opened 		 

How Do I Get BIG Interest Checking?

What Do I Have to do to earn BIG Interest? (It is something you EARN)

To qualify for BIG interest, your account must meet or exceed the following requirements during the monthly analysis period:
This is the calendar month immediately preceding your statement date. For example, April is the analysis period for a statement that prints May 1. Transactions must actually post to your account during the analysis period.
  1. 12 + debit card transactions. (Details)
    • These are purchases with your SBSU debit card that post to your account during the month.
      • PIN or Signature transactions with your SBSU debit card qualify.
      • Purchases that appear on your statement during the analysis period are counted.
      • ATM transactions do not count.
  2. 2 + ACH Direct Deposits - OR - ACH Automatic Payments. (Details)
    • Any combination of electronic deposits or payments during the analysis period count.
      • An employer credits payroll to your account.
      • A utility company debits your account for monthly service.
      • Transfers to other SBSU loans or accounts do not count.
  3. Receive E-Statements. (Details)
    4. E-Statements will be produced on the first business day of the month. We will make this change as part of the conversion process. It's just a few clicks away.
  4. Keep your current E-mail address on file at the bank.(Details)
    • We E-mail a report each month to help you understand BIG Interest.
    • You don't want to miss out on BIG Interest just because of this technicality.
    • Update your address by logging into Internet Banking. Click on Other Services.

What other benefits come with BIG Interest Checking?

.

  • Free bill pay (If you wish to convert a Business account, click here for information)
    • Business Accounts:
    Sorry, BIG Interest checking is not available on business accounts. However, we do offer Free Bill Pay with any business account that converts to E Statements.

    Click here to convert to E Statements.
  • No minimum balance fee
  • Free nationwide withdrawals at ATMs with the MoneyPass Logo
  • Electronic statement with check images
  • Free Debit Card

logo MONEY MARKET (Current Interest Rates)

Start earning interest with a balance of at least $500 (maintain $2500 to avoid fees). Interest tiers are stepped at $25K, $100K and $500K. The account is insured by the FDIC.

Money Market transactions are federally regulated to no more than six (6) convenience withdrawals per monthly cycle.

To avoid the limits, consider the following:

  1. Six (6) or Less of These:
    • Checks
    • Internet and automatic withdrawals
    • Transfers out
    • Anytime Line Transfers
    • Bill-pay debits
  2. Unlimited:
    • ATM withdrawals
    • In-person withdrawals using an “Advice of Charge” slip

Fees: Over-the-limit withdrawals cost $10 each. A balance-requirement fee of $8 per month is imposed unless a current balance of at least $2500 is maintained at all times.

Legislation to raise the withdrawal limit on Money Market accounts to 24 per month has been proposed several times, but never approved. For the time being, the Federal Reserve requires banks to maintain reserves on transaction accounts (i.e. checking), but not on Savings or Money Market accounts. Regulators look closely at the accounts to make sure the transaction limits are being enforced.

logo 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 retirement plan at work. 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.

logo 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.

logo 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.

Go to CD Rates & Features