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Home State Bank
Non-Interest Bearing Accounts

E-Free Checking

Minimum of $25.00 to open
No minimum balance
No service charge assessed
E-Statements sent rather than paper statements

Free Checking

Minimum of $25.00 to open
No minimum balance
No service charge assessed
Requires duplicate checks

Golden Checking (age 62 or older)

Minimum of $25.00 to open
No service charge assessed

Personal Basic Checking

Minimum of $25.00 to open
No service charge is imposed as long as the daily balance of $400.00 is maintained.

If the above $400.00 balance is not maintained, a service charge of $10.00 will be assessed ($8.00 with E-Statements).

Business Basic Checking

Minimum of $100.00 to open
No service charge is imposed as long as the daily balance of $500.00 is maintained.

If the above $500.00 balance is not maintained, a service charge of $10.00 will be assessed ($8.00 with E-Statements).

Home State Bank
Interest Bearing Accounts

All interest bearing transactional accounts are subject to interest rate changes at the discretion of the bank. Rates are current as of June 3, 2013.

Fees assessed may reduce earnings.

Personal Now Checking

Minimum of $100.00 to open

Daily Balances of:

Interest Rate

**APY

up to $1,999.99

0.02%

0.02%

$2,000.00 - $24,999.99

0.05%

0.05%

$25,000.00 and up

0.10%

0.10%

Interest paid monthly.
If the daily balance falls below $1,000.00, a service charge of $10.00 will be assessed ($8.00 with E-Statements).  No service charge is assessed if a daily balance of $1,000.00 is maintained.

Business Now

Minimum of $100.00 to open

Daily Balances of:

Interest Rate

**APY

up to $1,999.99

0.02%

0.02%

$2,000.00 - $24,999.99

0.05%

0.05%

$25,000.00 and up

0.10%

0.10%

Interest paid monthly.
If the daily balance falls below $1,000.00, a service charge of $10.00 will be assessed ($8.00 with E-Statements).  No service charge is assessed if a daily balance of $1,000.00 is maintained.

Non-Profit Organization

Minimum of $25.00 to open
A service charge of $1.00/mo is assessed if a daily balance falls below $25.00.

Savings

Minimum of $25.00 to open

Daily Balances of:

Interest Rate

**APY

up to $1,999.99

0.02%

0.02%

$2,000.00 - $24,999.99

0.05%

0.05%

$25,000.00 and up

0.10%

0.10%

Interest paid quarterly.
If the daily balance falls below $100.00 any day of the quarter, a $1.00 service charge will be assessed.

Money Market Savings

Minimum of $100.00 to open

Daily Balances of:

Interest Rate

**APY

up to $1,999.99

0.05%

0.05%

$2,000.00 - $24,999.99

0.10%

0.10%

$25,000.00 and up

0.15%

0.15%

Interest paid monthly.
If the daily balance falls below $2,000.00, a service charge of $10.00 will be assessed ($8.00 with E-Statements).  No service charge is accessed if a daily balance of $2,000.00 is maintained.

**APY=Annual Percentage Yield based on a calendar year.

Home State Bank
Certificate of Deposit Accounts

Home State Bank offers a variety of fixed-rate time deposits. See the chart below for current rates and minimum balances.

*Product

Minimum Opening Deposit

Interest
Rate

**APY

30 Day

$2,500.00

0.05%

0.05%

30 Day

$10,000.00

0.10%

0.10%

91 Day

$2,500.00

0.05%

0.05%

91 Day

$10,000.00

0.10%

0.10%

182 Day

$2,500.00

0.10%

0.10%

182 Day

$10,000.00

0.15%

0.15%

12 Month

$500.00

0.25%

0.25%

12 Month

$10,000.00

0.35%

0.35%

18 Month

$500.00

0.30%

0.30%

18 Month

$10,000.00

0.40%

0.40%

24 Month

$500.00

0.40%

0.40%

24 Month

$10,000.00

0.50%

0.50%

30 Month

$500.00

0.60%

0.60%

30 Month

$10,000.00

0.70%

0.70%

30 Month
Step-up CD

$500.00

0.60%

0.60%

30 Month
Step-up CD

$10,000.00

0.70%

0.70%

36 Month

$500.00

0.70%

0.70%

36 Month

$10,000.00

0.80%

0.80%

48 Month

$500.00

0.80%

0.80%

48 Month

$10,000.00

0.90%

0.90%

60 Month

$500.00

1.15%

1.15%

60 Month

$10,000.00

1.25%

1.26%

*A penalty may be imposed for early withdrawal.
**APY=Annual Percentage Yield based on a calendar year.

AN INVESTMENT FOR YOUR FUTURE

STEP-UP CERTIFICATE OF DEPOSIT
stepup cd


Step ahead with a NEW STEP-UP C.D.  Invest NOW to earn more later.

We are offering a 30 month CD with an OPPORTUNITY to increase your INTEREST RATE TWICE during the term as rates increase.

Invest now and get all the benefits of a locked-in rate without the risk.

Our current rate is guaranteed for 30 months. Twice during your 30 Month Certificate of Deposit term, as market rates rise, you can increase your interest rate.

Terms and Conditions:
The certificate term is 30 months with a minimum deposit of $500.00. There is a penalty for early withdrawal. Compound interest will be paid to the CD quarterly. You choose when to change the interest rate during the CD term by signing the appropriate STEP-UP authorization form.

 

Home State Bank
Individual Retirement Accounts

Traditional IRA – The traditional IRA is an account which allows account holders to defer taxes on earnings until they are withdrawn. Also, certain contributions are tax deductible in the year they are made.

Roth IRA – The Roth IRA is a nondeductible account that features tax-free withdrawals for certain distribution reasons after a five-year holding period. Since Roth IRA contributions are nondeductible and taxed in the year they are earned, people who expect to be in a higher tax bracket when they retire may benefit more from these accounts than from a traditional IRA.

Both IRA products are held in certificates of deposit. See rate chart below. 

*Product

Minimum Opening Deposit

Interest
Rate

**APY

18 Month IRA

$50.00

0.35%

0.35%

18 Month IRA

$10,000.00

0.45%

0.45%

24 Month IRA

$50.00

0.45%

0.45%

24 Month IRA

$10,000.00

0.55%

0.55%

30 Month IRA

$50.00

0.65%

0.65%

30 Month IRA

$10,000.00

0.75%

0.75%

 *A penalty may be imposed for early withdrawal.
**APY=Annual Percentage Yield based on a calendar year.

 

 

 
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