Regular Checking Account
There is a $500.00 minimum balance to open a regular checking account. No interest is paid on this account. A $1.00 monthly minimum-balance fee will be assessed if the daily balance drops below $200.00 any day of the statement period, and an additional ten (10) cents per debit will be assessed for the amount of debits cleared during the statement period. No service charge to senior citizens (age 62 and older), upon request. No service charge to full time students, upon request.
The regular checking account does not accrue interest. This bank reserves the right at its election to charge a dormant account fee to the account in the amount of $5.00 per quarter if there have been no deposits or withdrawals from the account for a period of three (3) years.
Additional fees, may be assessed against your account.
Please contact one of our representatives for more information.
NOW Account
There is a $500.00 minimum balance to open a NOW account. A $5.00 monthly minimum-balance fee will be assessed if the daily balance drops below $500.00 any day of the statement period, and an additional ten (10) cents per debit will be assessed for the amount of debits over thirty (30) cleared during the statement period.
The interest rate and annual percentage yield on the NOW account may vary. Please contact us at Liberty State Bank for the current rate. Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time. There are no limitations on interest rate changes. Interest begins to accrue on the business day you deposit non-cash items (for example, checks). Interest compounds monthly and will be credited to your account the last day of the statement period every month. Scheduled statement day is close of business on the last business day of each month. If you close your account before interest is credited, you will not receive the accrued interest.
We use the daily-balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. This bank reserves the right at its election to charge a dormant account fee to the account in the amount of $5.00 per quarter if there have been no deposits or withdrawals from the account for a period of three (3) years.
Additional fees, may be assessed against your account.
Please contact one of our representatives for more information.
Super NOW Account
There is a $1,000.00 minimum balance to open a Super NOW account. A $10.00 monthly minimum-balance fee will be assessed if the daily balance drops below $1,000.00 any day of the statement period, and an additional ten (10) cents per debit will be assessed for the amount of debits over thirty (30) cleared during the statement period.
The interest rate and annual percentage yield on the Super NOW account may vary. Please contact us at Liberty State Bank for the current rate. Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time. There are no limitations on interest rate changes. Interest begins to accrue on the business day you deposit non-cash items (for example, checks). Interest compounds monthly and will be credited to your account the last day of the statement period every month. Scheduled statement day is close of business on the last business day of each month. If you close your account before interest is credited, you will not receive the accrued interest.
We use the daily-balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. This bank reserves the right at its election to charge a dormant account fee to the account in the amount of $5.00 per quarter if there have been no deposits or withdrawals from the account for a period of three (3) years.
Additional fees, may be assessed against your account.
Please contact one of our representatives for more information.
Money Market Account
There is a $2,500.00 minimum balance to open a Money Market account. A $10.00 monthly minimum-balance fee will be assessed if the daily balance drops below $2,500.00 any day during the statement period. There is a service charge of $1.50 per debit to third parties over six (6) debits. Deposit frequency and amounts are not restricted.
The interest rate and annual percentage yield on the Money Market account may vary. Please contact us at Liberty State Bank for the current rate. Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time. There are no limitations on interest rate changes. Interest begins to accrue on the business day you deposit non-cash items (for example, checks). Interest compounds monthly and will be credited to your account the last day of the statement period every month. Scheduled statement day is close of business on the last business day of each month. If you close your account before interest is credited, you will not receive the accrued interest.
We use the daily-balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. This bank reserves the right at its election to charge a dormant account fee to the account in the amount of $5.00 per quarter if there have been no deposits or withdrawals from the account for a period of three (3) years.
Additional fees, may be assessed against your account.
Please contact one of our representatives for more information.
NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTERST-BEARING TRANSACTION ACCOUNTS
By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.
For more information about FDIC insurance coverage of non-interest-bearing transaction accounts, visit https://www.fdic.gov/deposit/deposits/unlimited/expiration.html
