State Savings Bank

Online Banking Customers: Check your e-mail for a message from sent 8-24-22 to all online banking
customers regarding a
major change coming Oct. 24. If you did not receive an e-mail, click here to learn more .


Account Type Minimum to Open Minimum Balance Requirement Minimum Balance Charge Fee* Statement Delivery Method
 Classic Savings $100.00 $100.00 $5.00/quarter e-Statements are recommended, paper statements are available at no charge.
 Super Savings $2,500.00 $2,500.00 $5.00/month e-Statements are recommended, paper statements are available at no charge.
First-Time Homebuyer Savings $100.00 $100.00 $5.00/quarter e-Statements are provided at no charge, paper statements are available for $5.00 per statement cycle.

* For accounts with a minimum balance requirement, no minimum balance fee will be charged unless the balance falls below the required minimum balance on any day during the statement cycle. Classic Savings minimum account balance requirements are waived for customers under 18 years of age and 65 years of age or older.

The following information applies to all interest-bearing checking and savings accounts:

  • Your interest rate and annual percentage yield may change at any time at our discretion. Click to See Current Interest Rates or call (515) 457-9533 or (641) 227-3161. 
  • Interest compounds and credits quarterly for Classic Savings accounts and monthly for all other accounts.
  • Interest is calculated by the daily balance method which applies a periodic rate to the balance in the account each day.
  • Interest begins to accrue on the first business day after the banking day you deposit non-cash items (i.e. checks).
  • Savings accounts are limited to six withdrawals per month. An excessive withdrawal fee of $1.00 will be charged for each savings withdrawal or transfer in excess of six during a month.
  • Fees may reduce earnings.


View Current Rates

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