| |
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means to you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
|
| Deposit Products |
 |
Checking Options
First Security Bank-Lake Benton is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through June 30, 2010, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules. Please note that all NOW accounts are not covered under this program at First Security Bank-Lake Benton.
Security Checking
- Monthly statements
- $3.00 monthly service charge if minimum balance falls below $100.00
- Service Charge waived for customers age 62 & older & 17 and younger
Security Club Checking Accounts - Checking accounts with privileges! Please contact one of our employees for details!
- Club accounts are available for Security, Now, & Super Security Checking Accounts
- No limit on number of checks you can write
- Monthly service charge of $4.00, $5.00, or $6.00 depending upon AD&D insurance choice*
- Monthly statements
- Many other benefits offered with Club account
*AD&D insurance is: Not a Deposit, Not FDIC Insured, Not Insured by any Federal Government Agency, and Not Guaranteed by the Bank
*Beginning April 1, 2008, all Club checking account holders will have Accidental Death and Dismemberment insurance and/or common carrier/scheduled airline coverage through Ace American Insurance Company. If you would like a new description of coverage form go to: www.memberbenefitpackage.com/acedoc
Security Now Checking
- Interest is calculated on daily balance method
- If your balance falls below $500.00 an any day in the month, your account will be subject to a $10.00 service charge for that month
- Monthly statement
- Interest paid monthly
Super Security Checking
- Interest is calculated on daily balance method
- If your balance falls below $2,500.00 on any day in the month, your account will be subject to a $10.00 service charge for that month
- Monthly statement
- Interest paid monthly
Savings Options
Security Savings
- Interest is calculated by daily balance method
- Interest compounded quarterly and credited quarterly
- If your average daily balance falls below $50.00 your account will be subject to a $2.00 service charge for that month
- Service charge waived for customers 17 years of age or younger
- You must maintain a minimum daily balance of $100.00 in your account each day to obtain the disclosed annual percentage yield.
- You may make no more than six preauthorized withdrawals, automatic or telephonic transfers, debit card or other similar transactions from your account per month or statement cycle.
Super Security Savings
- Interest is earned on a tiered basis
0 - $2,499
$2,500 - $9,999
$10,000 - $24,999
$25,000 - $49,999
$50,000 - $74,999
$75,000 and up
The higher the tier, the higher the interest rate. Rates are disclosed at account
opening and may change daily.
- Interest is calculated by the daily balance method
- If you balance falls below $2,500.00 on any day in the month, your account will be subject to a $10.00 service charge for that month
- Monthly statements
- Interest paid monthly
- You may make no more than six preauthorized withdrawals, automatic or telephonic transfers, checks, drafts, and debit card or other similar transactions from your account per month or statement cycle.
Other Deposit Product Options
Certificate of Deposit
- Looking for safety, security, and liquidity? A Certificate of Deposit at First Security Bank is your answer. We offer a wide variety of Certificates with varying interest rates and maturities. One, three, or six month interest penalty for early withdrawal. No withdrawals of principal from certificates are allowed until the maturity without penalty.
For more information on our deposit accounts contact Janel or Cheryl.
Individual Retirement Accounts
Back to Top
| |
| Loan Products |
|
Installment and Consumer Loans
Qualified applicants can receive professional assistance with financing of the following:
- Cars
- Vacations
- Recreational equipment
- Remodeling projects
- Other requests
Ready Reserve
Ready Reserve is a loan attached to your checking account that prevents overdrafts and provides you cash when you need it. Ready Reserve is extended to qualified applicants.
Business/Commercial Loans
Our bank’s lending officers are ready to assist you in a variety of ways. Get some sound advice regarding available borrowing options if you are considering starting a business, expanding an existing one, or considering any other financial needs that confront today’s business person.
- Lines of credit
- Small Business Administration Loans
- Real Estate Loans
- Inventory and equipment Loans
Real Estate Loans
Our bank offers the following types of Real Estate loans:
- Fixed rate mortgages
- Secondary Market loans
- Home Equity Lines of Credit
- Home Improvement loans
- Second Mortgages
- Construction loans
Contact Janet Kuhn or Gary Williams to assist you with the application and the entire loan process at (507) 368-4261 or stop in to First Security Bank today!
Agricultural Loans
Our experienced agricultural loan officers can help you with all the financial needs that arise in today’s farming operations. They include:
- Agricultural Real Estate
- Lines of Credit
- Farm Service Agency Guarantee
- Operating
- Machinery
- Livestock
Contact Gary Williams to assist you with the application and the entire loan process at (507)-368-4261 or stop in to First Security Bank today!
Back to Top
| |
| Other Products |
|
Debit/ATM Card*
It’s a cash card that doubles as an “electronic” checkbook. The Debit/ATM Card gives you all the convenience of ATM access and all the buying power of a checkbook, in one versatile card. It’s the one card you’ll want to carry everywhere!
Here’s how it works:
- Use it as your cash card at FastBank, Plus, & VISA ATMs
- Use it instead of your checkbook to make purchases wherever VISA is accepted worldwide.
- It’s cash, not credit! Funds from purchases are drawn from your checking account as if you had written a paper check.
- No more hassles with running out of checks, forgetting your checkbook, or needing multiple forms.
- Each month you get a detailed record of all cash & check transactions on your account statement.
- All this for a monthly fee of $1.50.
- Many businesses in Lake Benton accept this Debit/ATM Card as well as it can be used online or over the phone.
- A 1% international fee will be added to the Visa exchange rate for all foreign transactions.
*Subject to prior approval
To report a lost or stolen Debit/ATM card please call 1-800-264-5578 immediately.
Automatic Deposits and Withdrawals
You can use the time saving benefit of automatic deposits and withdrawals and, at your request, your loan payments may be automatically made!
ELAN Credit Cards
First Security Bank offers applications for a variety of Visa credit cards through ELAN.
We also offer:
Safe Deposit Boxes
Night Depository
Notary Service (no charge to customers)
Wire Transfers
Travelers Cheques
Bank and Personal Money Orders
Series EE, I Bonds
Account Balancing Assistance
Drive Up Window
Faxing , Photocopying, & Laminating
Internet Banking
Keeping your account information accurate and up to date is very important. If you ever find that your account information is incomplete, inaccurate, or not current, please call or write us at the address listed below.
Back to Top |
