|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?||When balance exceeds $500||--||--||When balance exceeds $500|| BIG
Interest on qualifying accounts
| Yes, tiered rates
When balance exceeds $500
|Free Basic Wallet Checks?
(extra charge for duplicate or designer checks)
|Image Checks Returned?||Upon Request||Upon Request||Yes, Electronic Delivery||Yes, Electronic Delivery|
|Free 3 X 5 Safe Deposit Box?
|Internet Bill Pay?|| Free, but sign up for
| Free with
| Free with
| Free with
|Free||Free|| No, but sign up for
|Free Cashier's Checks and Money Orders?||10 per month||--||5 per month||--||--||--||--|
|Special Requirements||--||--||Age 55 or Older||--||--||--||--|
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:
Annual Percentage Yield Effective as of
|0.75% APY*||Qualifying Accounts up to $50,000|
|0.25% APY* - 0.75% APY*||Qualifying Accounts Over $50,000 (Actual yield is a blended rate depending on balance between 0.25% APY and 0.75% APY)|
|0.13% APY*||Non-Qualifying Accounts (Entire Balance)|
|*Annual Percentage Yield
**Variable Rate Account. The rate may change after the account is opened
What Do I Have to do to earn BIG Interest? (It is something you EARN)
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:
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.
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.
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.
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.