Deposit Accounts

What account is in your best interest?

When you trust your money to a bank, you want to be sure it's in an account that's right for you. One that gives you the most for what you need. That's exactly why Piqua State Bank has so many accounts to choose from. From Regular Checking to a Money Market Account to a Now account, you'll find the one account that has your best interest at heart.


Regular Checking Account

Requirements

  • Minimum balance to open: $50.

Benefits

  • No monthly service charge for Senior Citizens 65 and over.
    • Customer must inform bank upon turning 65 for this to take effec
  • No monthly service charge if 18 and under.
  • No monthly service charge for Active and Retired Military personnel.
    • Customer must inform bank of military duty for this to take effect.

Cost

  • There will be no service charge for the first 25 checks written during a statement cycle. An item fee of $.10 will be imposed on each check in excess of 25 during a statement period.
  • A service charge of $5.00 will be imposed every monthly statement cycle unless the account maintains a minimum average balance of $300.00 for the monthly statement cycle.
  • If there is no activity for 90 days and the balance is below $25 there will be a $5 a month service charge.  

 

Now Checking Account

Requirements

  • Minimum balance to open: $2,000

Benefits

  • Monthly interest payments. Call anyone of our locations for current interest rates.

Cost

  • Minimum Average Daily Balance of $2,000 = No Charge
  • Minimum Average Daily Balance of $1,000 to 1,999.99 = $6 Charge per statement period
  • Minimum Average Daily Balance of $0 to 999.99 = $7 Charge per statement period
  • Each check over 25 during a statement period costs $.10  

Business Checking Account

Description

  • AVERAGE DAILY BALANCE
    The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.  

Requirements

  • Minimum balance to open: $200

Cost

  • Transit Item Fee = $.10
  • Monthly Fee = $3.00
  • Charge Per Check Written = $.10
  • A credit back against your service charge will be calculated at $.05 per $100 on your average collected balance per statement period.

Savings Accounts

Requirements

  • Minimum balance to open: $25
  • A minimum balance to cash checks is $200, below this minimum there will be a $2 check cashing charge.

Benefits

  • Semi-annual interest payments. Call any of our locations for current interest rates.
  • 6 free withdrawals a month.
  • No inactive service charge for Minors (under 18)   

Cost

  • Withdrawals in excess of 6 per month will be service charged at $1.50 per additional withdrawal.
  • If there is no activity for 90 days and the balance is below $25 there will be a $5 a month service charge.

Money Market Account

Description

  • An account that pays interest on your balance and provides easy access to your money.

Requirements

  • Minimum balance to open: $1,000

Benefits

  • Monthly interest payments. Call any of our locations for current interest rates.

Cost

  • Minimum Average Daily Balance of $1,000 = No Charge
  • Minimum Average Daily Balance of $0-999.99 = $5.00 per statement period.
  • Limited to 6 withdrawals per statement period. A $1 fee will be charged to excess transactions.
  • If there is no activity for six months and the balance is below $25 there will be a $1 service charge per statement period.
*LIMITS ON MONEY MARKET DEPOSIT ACCOUNTS*

This is not a regular checking account. There may be a maximum of six third party transfers during a statement period. If this limitation is exceeded, the account may be changed to a Now Account which has unlimited transactions.

Christmas Club Account

Requirements

  • No minimum balance to open

Benefits

  • Coupon book provided at no cost to make regular deposits.
  • The funds from the account are paid with a check each November in time for the holiday shopping season.
  • No Service Fee
  • Saving can be made easier by automatic transfer of funds from your checking or savings account to your Christmas Club account.   

By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest bearing transaction account no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest bearing transaction accounts, will be insured by the FDIC up to a standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.