Personal Savings

FSBSavings

Save on your own terms with the flexibility of our FSB Savings account. Get started with as little as $25 today.

Key Features

Competitive Interest

Digital Banking

Details

Competitive interest paid on entire balance
Interest compounded daily, paid quarterly
Set aside for a wide range of personal needs or simply for a rainy day
Avoid the $3 quarterly service fee by maintaining a $300 minimum average balance
No monthly service fee for customers under 19 or over 62 years old

Unlimited withdrawals in person, by mail, or at an ATM
Free digital banking services, including:
- Free online banking
- Free mobile banking
- Free quarterly eStatements
Free telephone banking
$25 minimum deposit to open¹

¹A $50 fee will be charged if the account is closed within 90 days.

Open account

First Class Money Market

Want to retain access to your funds without sacrificing earning potential? A money market makes this no-brainer possible.

Key Features

Tiered Interest

Digital Banking

Details

Competitive, tiered rates¹
Interest compounded daily, paid monthly
Higher balances earn higher rates
Enjoy the enhanced savings potential with the flexibility of quick access to your funds
Avoid $10 monthly service fee by maintaining a $1,000 minimum average balance

Free digital banking services, including:
- Free online banking
- Free mobile banking
- Free monthly eStatements
Free telephone banking
$2,500 minimum deposit to open³

¹Interest rate subject to change every other Wednesday.
³A $50 fee will be charged if the account is closed within 90 days.

Request info

Club Account

Worried about paying for those gifts? Dreading the post-Holiday tab? Join the club.

Key Features

Competitive Interest

Digital Banking

Details

Set aside little by little, year-round for holiday-related expenses
Competitive interest on entire balance
No monthly service fee
No minimum balance requirements
Make deposits at any time, in any amount you feel comfortable with
Avoid holiday-induced debt and stress
Funds automatically released via check or deposited to an FSB account on the last Wednesday in October of each calendar year¹

Early withdrawal will result in a penalty¹
Free digital banking services, including:
- Free online banking
- Free mobile banking
- Free quarterly eStatements
Free telephone banking
$1 minimum deposit to open

¹Interest is forfeited if balance is withdrawn prior to maturity (last Wednesday in October).

request info

Certificates of Deposit (CDs)

No risk no reward? Not when it comes to a fixed-rate CD that features a guaranteed return.

Key Features

Guaranteed Returns

Competitive Interest

No Setup or Maintenance Fees

Details

Fixed rates, higher than regular savings
- Receive higher rates by selecting a longer term
- May elect to receive quarterly or semi-annual interest checks
Provides more guarantee than other risky investments
Set aside for long-term savings goals

A wide range of terms available (from 3 months to 8 years)
No setup or maintenance fees
Renews automatically upon maturity after a 10 day grace period
Early withdrawal subject to penalty¹
Minimum deposit to open depends on the selected term

¹Early withdrawal will result in the following penalties:
- 32 day term through 1 year has a penalty of 6 months interest
- Over 1 year term through 8 years has a penalty of 12 months interest

Request Info

IntraFi® Network Deposits – CDARS®

FDIC insurance doesn't have to stop at $250,000. IntraFi® Network Deposits - CDARS®- offers FDIC insurance on CDs up to $50 million.

Details

Interest above standard savings, which may compare favorably with other investment alternatives
Greater security; multi-million dollar FDIC insurance coverage
Convenience; everything is managed internally by First State Bank:
- One interest rate
- One regular statement
- One year-end tax form

Flexible maturity periods available
Helps support lending opportunities within your local community
Full FDIC coverage on amounts up to $50 million

Learn More

To learn more about how IntraFi® Network Deposits, CDARS®, can benefit you, visit the IntraFi® Network website.

CDARS Website Request Info

IntraFi® Network Deposits – Insured Cash Sweep®

It’s true. An IntraFi® Network Deposits - ICS®, or Insured Cash Sweep®, is the smart way to earn interest while retaining FDIC coverage.

Details

Enjoy increased coverage while also benefiting from increased access to funds and higher returns than other savings options
Interest above standard savings, which may compare favorably with other investment alternatives
Deposits are sent to other ICS® network banks in amounts less than $250,000
Convenience; everything is managed internally by First State Bank:
- One interest rate
- One regular statement
- One year-end tax form

Less administrative burden than other collateralized deposits
Two convenient options:
- IntraFi® Network Deposits, Insured Cash Sweep® Savings (ICSS) – includes 6 program withdrawals per month and deposits funds to money market deposit accounts
- IntraFi® Network Deposits, Insured Cash Sweep® Demands (ICSD) – Includes unlimited program withdrawals and deposits funds to demand deposit accounts
Full FDIC coverage on amounts up to $50 million

How it works

Choose from either the ICSS® or ICSD® options or choose both
Sign the agreements, use an existing checking or other transaction account (or set one up), and deposit your funds
If you choose both the savings and demand options, you will need to have a separate transaction account for each

Deposits are sent to other ICS® network banks in amounts less than $250,000.00¹
Each individual deposit receives interest, plus full FDIC backing
As a result, you access FDIC insurance coverage from many institutions while working directly with only your bank

¹Deposits are sent to demand deposit accounts with the demand option and to money market deposit accounts with the savings option. The standard FDIC insurance maximum is $250,000 per insured capacity, per bank.

Learn More

To learn more about how an IntraFi® Network Deposits, Insured Cash Sweep®, can benefit you, visit the IntraFi® Network website.

ICS WEBSITE Request Info

Individual Retirement Accounts (IRAs)

A tax-advantaged IRA¹ is a smart addition to your retirement strategy. Choose from a Traditional or Roth option to get started.

Key Features

Competitive Interest

No Setup or Maintenance Fees

Tax Advantages
(Consult a tax advisor)

Details

Tax-advantaged retirement savings¹
Competitive interest above standard savings rates
Traditional and Roth IRA options
No setup fees
No monthly or annual maintenance charges

Annual contribution limits apply (see current contribution limits; $6,000 as of 2019)¹
Additional $1,000 "catch-up" contribution allowed for ages 50+
Funds can be used to purchase CDs
Minimum deposit to open depends on the selected term

¹Consult a tax advisor.

Request Info

Traditional vs. Roth

There are advantages to both traditional and Roth IRAs. One of the biggest differences is the time at which you see the most advantage. A traditional IRA provides potential tax relief today, while a Roth IRA has the potential for the most tax benefit at time of retirement.

Traditional IRA

No income limits to open
No minimum contribution requirement
Contributions are tax deductible on state and federal income tax¹
Earnings are tax deferred until withdrawal (when usually in lower tax bracket)

Withdrawals can begin at age 59½
Early withdrawals subject to penalty²
Mandatory withdrawals at age 72

Roth IRA

Income limits to be eligible to open Roth IRA³
Contributions are NOT tax deductible
Earnings are 100% tax free at withdrawal¹
Principal contributions can be withdrawn without penalty¹

Withdrawals on interest can begin at age 59½
Early withdrawals on interest subject to penalty²
No mandatory distribution age
No age limit on making contributions as long as you have earned income

¹Subject to some minimal conditions. Consult a tax advisor.
²Certain exceptions apply, such as healthcare, purchasing first home, etc.
³Consult a tax advisor.

Health Savings Account (HSA)

Stay one step ahead of medical-related expenses with an HSA. Take advantage of interest on every dollar deposited, plus additional tax benefits.¹

Key Features

Competitive Interest

Tax Advantages

No Monthly Service Fees

Details

Greater personal control over healthcare management and expenses
Prepare for qualified medical expenses
Earn interest above standard savings on entire balance
Receive higher rates on larger deposits
An HSA provides triple tax savings:
- Tax deductions when you contribute to your account
- Tax-free earnings through investment
- Tax-free withdrawals for qualified medical, dental, vision expenses, and more¹
Contributions are tax-free and can be made by you, your employer, or a third party

Funds can be withdrawn at any time²
No monthly service fee
No minimum balance requirements
Free monthly eStatements
Unused funds remain in account year after year; no "use it or lose it" policy
Keep your HSA in your name, regardless of career or life changes
There are contribution limits and catch up contributions allowed for ages over 55
$25 minimum deposit to open

Eligibility
Most adults under 65 who are not enrolled in Medicare and are covered under a high-deductible health plan (HDHP) can qualify for an HSA, but it is up to the account holders to determine their own eligibility. Please contact your tax advisor for further eligibility requirements.

¹Consult a tax advisor.
²You can withdraw funds at any time for any purpose. However, if funds are withdrawn for reasons other than qualified medical expenses, the amount withdrawn will be included as taxable income, and is subject to a 20% penalty.

Request info

Deposit Specials

This week's Certificate of Deposit Specials

Term	Minimum Deposit	Interest Rate	APY
5 Months OPEN Now	$1000	4.40%	4.46%
7 Months OPEN Now	$1000	4.30%	4.35%
11 Months OPEN Now	$1000	4.00%	4.04%
28 Months	$1000	4.00%	4.04%

APY = Annual Percentage Yield. APR = Annual Percentage Rate.
Fees may reduce earnings.

Rates for November 20, 2024 through November 26, 2024.

Compounded semi-annually on a 365/365 basis with principal and interest reinvested at the initial rate of the certificate.

Certificates are not compounded. The annual percentage yield results by investing the principal and interest upon renewal at the initial rate of the certificate.

Substantial penalty will be imposed for premature withdrawal. The penalty will only be calculated on the amount withdrawn, if less than the full deposit.

Early Withdrawal Penalty:
- 32 Day through 1 Year terms have a penalty of 6 Months Interest
- Over 1 Year through 8 year terms have a penalty of 12 Months Interest

All Individual Retirement Accounts:
- 32 Day through 1 Year terms have a penalty of 6 Months Interest
- Over 1 Year through 8 Year terms have a penalty of 12 Months Interest

Personal Savings

FSBSavings

Key Features

Details

First Class Money Market

Key Features

Details

Club Account

Key Features

Details

Certificates of Deposit (CDs)

Key Features

Details

IntraFi® Network Deposits – CDARS®

Details

Learn More

IntraFi® Network Deposits – Insured Cash Sweep®

Details

How it works

Learn More

Individual Retirement Accounts (IRAs)

Key Features

Details

Traditional vs. Roth

Traditional IRA

Roth IRA

Health Savings Account (HSA)

Key Features

Details

Eligibility

Deposit Specials

This week's Certificate of Deposit Specials

Site Notice:

All First State Bank locations will be closed on Thursday, November 28th in observance of Thanksgiving. As always, 24/7 banking is available through Online Banking and our Mobile App. We will reopen at regular business hours on Friday, November 29th.