Commercial / Ag Business Savings
Commercial Savings
Competitive rates-guaranteed safety.
Minimum to open: $100
Monthly Service Fee: $2 if daily balance falls below $100.
Minimum daily balance: $100
Interest earning: Yes. Compounded and credited monthly.
Statements: Quarterly unless combined with checking account statement.
Commercial Money Market
Money market savers earn higher rates of return while still having immediate access to funds.
Minimum to open: $2500
Monthly service fee: $10 if daily balance falls below $2500.
Minimum daily balance: $2500
Interest earning: Yes. Compounded and credited monthly.
Statements: Monthly with checks ReadyImaged or safe kept.
Withdrawals or Transfers: Limited to 6 per month. There is a 50 cent fee for each withdrawal over 6.
Additional features: Complimentary checks provided.
Treasury Savings
Minimum to open: $5000
Monthly service fee: $10 if daily balance falls below $5000.
Minimum daily balance: $5000
Interest earning: Yes. Compounded and credited monthly.
Statements: Monthly
Health Savings Accounts
Reevaluate your health plan - enjoy net premium savings without increasing risk liability. Start managing your organizations’ Health Care Costs by implementing Health Savings Accounts. Contact us to guide your organization to a happier, healthier future!
Employer Benefits:
Lower Premiums: As employees become responsible for health costs.
Insulate Loss Ratio: Since deductibles are higher, your ratios are insulated. This results in lower renewal rates on your health plan.
Empowers employees to determine their level of Health Care, encouraging more efficient use of health benefits.
Reduce FICA Tax: Employee's payroll contribution to HSA ‘s save the employers FICA Tax. Payroll is lowered by the amount the employees contribute into their savings accounts.
Employee Benefits:
Lower Premiums
Tax Savings
Pre-Tax Contributions
Tax Deferred Growth
Tax Free Distribution for qualified medical expenses.
Employee driven savings become a benefit to the employee versus the insurance carrier.
Funds are FDIC insured:
As of July 21st, 2010, The permanent standard insurance amount is $250,000 per depositor.
"With this permanent increase of deposit insurance coverage to $250,000, depositors with CDs above $100,000 but below $250,000 will no longer have to worry about losing coverage on those CDs maturing beyond 2013. We strongly encourage all bank depositors who have questions about their insurance coverage to go to our Web site at www.fdic.gov and use our Electronic Deposit Insurance Estimator (EDIE) or call our toll-free number at 1-877-ASK-FDIC. Insured deposits provide the comfort and peace of mind to depositors that their money is 100 percent safe – provided they keep their deposit balances within the insurance limits," said FDIC Chairman Sheila C. Bair.
FDIC Guarantee Program:
As of December 19th, 2008, Border State Bank is participating in the FDIC’s Transaction Account Guaranty Program. Under this program, through December 31, 2010, all non-interest bearing transactions (including Border State Bank’s NOW checking account) are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guaranty Program is in addition to and separate from the coverage available from the FDIC’s general deposit insurance rules.
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