SBSU - Personal Accounts - Checking

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 5 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

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

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.

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.

Big Interest CHECKING** (Current Interest Rates)

Annual Percentage Yield Effective as of

	.75% APY*	Qualifying Accounts up to $50,000
	0.38% APY* - .75% APY*	Qualifying Accounts Over $50,000 (Actual yield is a blended rate depending on balance between 0.38% APY and .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

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 statement cycle:

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 + 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.

Receive E-Statements. (Details)

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.

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

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:

Six (6) or Less of These:
- Checks
- Internet and automatic withdrawals
- Transfers out
- Anytime Line Transfers
- Bill-pay debits
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.

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.

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.

HEALTH SAVINGS ACCOUNTS (Current Interest Rates)

SBSU HSA accounts are available. Medical expenses that occur before the HSA is opened cannot be paid with HSA dollars. Individuals should open the HSA as soon as possible to establish the opening date. A high-deductible insurance plan that meets HSA guidelines must also be put in place by December 1st and remain valid for 12 months of the following year. HSA debit cards are available. Withdrawal restrictions are waived on HSA accounts.

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