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Welcome State Bank
Welcome State Bank
Welcome State Bank

Savings

REGULAR PASSBOOK SAVINGS

Interest is compounded daily and paid to your account quarterly. Withdrawals permitted anytime. $10.00 minimum deposit required to open account with a $50.00 minimum balance to avoid monthly service charge. Transfers from a Regular Savings account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per month. Service charges and minimum balances do not apply to children’s accounts.

MONEY MARKET SAVINGS

Interest bearing account paying a higher rate than passbook or now accounts. No service charge when your account maintains a balance of $2,500 or more. If the account falls below $2,500, there is a service charge of $7.50 plus 20¢ per withdrawals. Interest will be paid on all account balances. These figures will appear on your statements each month. Transfers from this account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per statement cycle with no transfers by check, draft debit card or similar order to third parties.

PARK IT HERE ACCOUNT

Works like a regular passbook savings. Interest is compounded daily and paid to your account quarterly. Withdrawals permitted anytime. $25,000 minimum deposit required to open an account. As long as the balance of $25,000 is maintained the account earns the “Park It Here Rate”. Should the balance fall below the $25,000 minimum the account will earn the passbook rate for the entire quarter the balance was below $25,000. Transfers from a Regular Savings account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per month.

 

Welcome State Bank has not sent any TEXT MESSAGES, AUTOMATED PHONE CALLS, or EMAILS stating that your card or account has been deactivated. If you have received one purporting to be from us, please delete it and do not respond. If you have responded to a request for your card information, please call 507-728-8251 and report your card as compromised. NOTICE: Welcome State Bank will NEVER send you an email requesting client, account or personal information. If you receive such an email call 507-728-8251 right away.

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