Whether you're saving with a special purpose in mind or simply setting aside money for that proverbial "rainy day," we're here to help you achieve your goal. At Central State Bank, you'll find a wide variety of products backed by solid advice, outstanding service, and FDIC-insured safety. Here's a summary of our most popular savings and investment plans.
|Regular Savings||Student Savings||UTMA Savings*||Christmas Club||Health Savings Account (HSA)|
|Availability||Everyone||Full-Time Students (Thru College Age)||Individuals Under Age 21 (With Qualifying Custodian)***||Everyone||Qualifying Individuals (see your tax advisor)|
|Minimum Opening Deposit||$50||$50||$50||$5||$50|
|Monthly Fee If Balance Falls Below Minimum||$3.00||None||None||None||None|
|Free Withdrawals||3 per month||6 per month||6 per month||Withdrawals Not Permitted||No Limit|
|Additional Withdrawal Fee||$1.25 each **||$1.25 each **||$1.25 each **||No Fee But Interest is credited||None|
|More Account Information||More...||More...||More...||More...||More...|
*UTMA is Uniform Transfer to Minors Act
** Additional withdrawal fees are waived if a minimum balance of $1,000 is maintained.
***Qualifying custodian is usually a parent or legal guardian.
Money Market Deposit Accounts
|Money Market Account||Platinum Money Market|
|Minimum To Open|
|Minimum Balance||$1,500 Daily Minimum||None (on days balance falls below $25,000 no interest is earned)|
|Withdrawals||Unlimited In-Bank Access plus Check Writing Option *||Unlimited In-Bank Access plus Check Writing Option *|
|More Account Information||More...||More...|
* No more than six preauthorized withdrawals, automatic or telephone transfers, checks, drafts, debit card, or similar transactions are permitted per month.