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Fowler State Bank

 
 

 
CHECKING
Fowler State Bank offers a large selection of interest and non-interest bearing checking accounts. The accounts are tailored to meet your needs, whatever you are looking for personal, business or student account we have the account for you. In order to help you with your finances we offer a FREE checking account. Use the chart below to learn more about the products that interest you. It’s as easy as point and click.
 
PRODUCTS Min. Deposit required to open account Monthly Service Charge Interest Rate Debit Card Available* Unlimited Check Writing Restrictions
Free Checking $100 None None Yes Yes No
Freedom Checking $100 None None Yes Yes Must be under age of 24 to have account.
NOW Checking $100 A Service Charge of $5 will be assessed if the monthly avg. daily balance falls below $1000 Current rate offered on date of opening. Interest compounded and credited monthly. Yes Yes Not available for Corporations or Partnerships.
Premier Checking $10,000 A Service Charge of $10 will be assessed if the balance falls below $10,000 Interest based on balance tiers. See below for details. Yes Yes Not available for Corporations or Partnerships.
Money Market Deposit Checking $2,500 A Service Charge of $7.50 will be assessed if the monthly avg. daily balance falls below $2500 Interest based on balance tiers. See below for details. No Customers allowed a total of six transactions per month. See below for details. No
Business Checking $100 None None Yes Yes No
* Subject to Approval


FREE Checking Account
The minimum balance required to open this account is $100.00. Unlimited check writing and no per check charge. No monthly service charge or monthly balance requirement.


FREEDOM Checking Account
The minimum balance required to open this account is $100.00 and is available to anyone under the age of 24. Unlimited check writing and no per check charge. No monthly service charge or monthly balance requirement. Also available is a no transaction fee Debit/ATM card*. (*Subject to approval)


NOW Account
If Average Monthly Balance Is: Monthly Service Charge Will Be:
$0 - $999 $5.00
$1,000 and greater No Charge
 
Interest accrues daily, is credited monthly, and is calculated on the average daily balance method. Requires a minimum opening deposit of $100.00. NOW accounts are not available to corporations or partnerships.

Premier Account
If Monthly Balance Is: Monthly Service Charge Will Be:
$0 - $9,999  $10.00
$10,000 and greater No Charge

Interest accrues daily, is credited weekly, and is calculated on the average daily balance method. The following additional terms apply to this account: Determination of Rate- Tier 1, $0 to $9,999, we may change the interest rate at our discretion; Tier 2, $10,000 to $19,999,is based on the Tuesday Fed Fund rate and is .90% below the rate; Tier 3, $20,000 and above, is based on the Tuesday Fed Fund rate and is .75% below the rate. Premier Accounts are not available to corporations and partnerships.


Money Market Deposit Account

If Average Monthly Balance is: Monthly Service Charge Will Be:
$0 - $2,499 $7.50
$2,500 and greater No Charge

Interest accrues daily, is credited monthly, and is calculated on the average daily balance method. The following additional terms apply to this account: Determination of Rate- Tier 1, $0 to $49,999, we may change the interest rate at our discretion; Tier 2, $50,000 to $99,999, is based on the Tuesday Fed Fund rate and is $1.00% below the rate; Tier 3, $100,000 to $199,999, is based on the Tuesday Fed Fund rate and is .75% below the rate; Tier 4, $200,000 and above, is based on the Tuesday Fed Fund rate and is .50% below the rate. Money Market Deposit Accounts are available to businesses, corporations, and partnerships. Some checking and/or transfer restrictions apply.

Business Checking

The minimum balance required to open this account is $100.00. Unlimited check writing and no per check charge. No monthly service charge or monthly balance requirement. Fowler State Bank will also provide an endorsement stamp and deposit tickets free of charge. A Visa debit card is available in your business name.