PERSONAL/CONSUMER SERVICES
Personal Savings- $100 opening deposit
- No service charge is a balance of at least $200 is maintained daily
- – If the balance falls below $200 on any one day, a $3.00 service charge will be assessed
- Limited to six pre-authorized withdrawals per month
- – For each withdrawal in excess of eighteen per quarter a $1.00 activity fee will be assessed
- Statement cycles quarterly on the last business day of the month (March, June, Sept, Dec)
Money Market Savings- $100 opening deposit
- No service charge is a balance of at least $2,000 is maintained daily
- – If the balance falls below $2,000 on any one day a $10.00 service charge will be assessed
- Limited to six pre-authorized withdrawals per month
- For withdraws over six a $1.00 activity fee will be assessed
- Interest accrues daily and paid monthly
- Interest Rates are tiered
- – $2,000 to $24,999
- – $25,000 and over
- Statement cycles on the last business day of the month
Certificates of Deposit- Wide variety of terms and rates
- $1,000 minimum investment
- Early withdrawal penalties will apply if closed prior to maturity
- If the account has original maturity of 1 year or less; the fee imposed will equal one month’s interest on the amount withdrawn
- If the account has original maturity of more than 1 year; the fee imposed will equal three month’s interest on the amount withdrawn
- Interest payment options
- Free access to mobile banking
- Deposited into a Cheyenne State Bank checking or savings account
- Compounded into the Certificate of Deposit
- Interest check mailed monthly