Personal Savings

Make the most of your money

Savings is made easy at The State Bank! With several account options to choose from, you can set your savings goals and achieve them with a little help from a great account. 

Target
Savings Account
Prosperity Money Market Account
Minimum Opening Deposit
$25
$200
$10
$2500
Minimum Balance
$0
$200
$0
$2500
Monthly Maintenance Fee
$0
$9 Quarterly*
$0
$10 Monthly*
Withdrawal Details
None
First 15 No Charge**
None
Up to 6 Per Month**

Kasasa Saver

Set your savings on autopilot with Kasasa Saver! This account allows you to save cash automatically when you link your account to your Kasasa Cash or Cash Back Checking account.

Contact us, or stop in to one of our local branches to let us help you open your Kasasa Saver Account.

Kasasa Saver Qualification Information: Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account’s rewards. The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, debit card purchases processed by merchants and received by our bank as ATM transactions, non-retail payment transactions (i.e. consumer to consumer, Popmoney®, Zelle), and purchases made with debit cards not issued by our bank. Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning account rewards. “Cycle” or “Monthly Qualification Cycle” means a period beginning one (1) business day prior to the first day of the current statement cycle through one (1) business day prior to the close of the current statement cycle.

Kasasa Saver with Cash Back Qualification Information: To earn your rewards, the following enrollments must be in place and all transactions and activities must post and settle to your Kasasa Cash Back Checking account during each Monthly Qualification Cycle:

  • Have at least 12 debit card purchases post and settle,
  • Be enrolled in and agree to receive eStatements,
  • Be enrolled in and log into online banking at least one time per month.

Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account’s rewards. 

The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, debit card purchases processed by merchants and received by our bank as ATM transactions, non-retail payment transactions (i.e. consumer to consumer, Popmoney, Zelle), and purchases made with debit cards not issued by our bank. Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning account rewards. 

“Monthly Qualification Cycle” means a period beginning one (1) business day prior to the first day of the current statement cycle through one (1) business day prior to the close of the current statement cycle. Please see the below for the specific Monthly Qualification Cycle dates for your account. Specific Monthly Qualification Cycle dates are also available at www.thestatebank.com or by visiting one of our local branches. 

“Banking Day” means any business day on which an office of the bank is open to the public for the purpose of carrying out substantially all of its banking functions. 

“Business Day” means a calendar day other than a Saturday or a Sunday, January 1, the third Monday in January, the third Monday in February, the last Monday in May, July 4, the first Monday in September, the second Monday in October, November 11, the fourth Thursday in November, or December 25. If January 1, July 4, November 11, or December 25 falls on a Sunday, the next Monday is not a Business Day. 

“Statement Cycle” means the period of time for which our bank provides a summary of the financial activities and transactions that post and settle to the account holder’s account. See below for our specific Statement Cycle Dates or visit our website at www.thestatebank.com.

Cycle Date Information: The following dates apply to your Kasasa Cash Back Checking account. Our Monthly Qualification Cycle dates are not the same as our Statement Cycle dates. To qualify for your account’s rewards, all of the transactions and activities identified within the above Qualification Information section must post and settle to your Kasasa Cash Back account with these Monthly Qualification Cycle dates.

The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, debit card purchases processed by merchants and received by our bank as ATM transactions, non-retail payment transactions (i.e. consumer to consumer, Popmoney, Zelle) and purchases made with debit cards not issued by our institution. Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning account rewards.

Kasasa Saver Reward Information: When your Free Kasasa Cash account qualifications are met during a Monthly Qualification Cycle, the following rewards will be distributed to your account(s) on the last business day of the current statement cycle: Free Kasasa Saver: Balances up to $100,000 receive APY of 0.50%; and balances over $100,000 earn 0.15% interest rate on the portion of balance over $100,000, resulting in a range from 0.50% to 0.27% APY depending on the account’s balance. Free Kasasa Cash: Balances up to $50,000 receive a non-compounding APY* of 1.00%; and balances over $50,000 earn 0.15% interest rate on the portion of balance over $50,000, resulting in a non-compounding range from 1.00% to 0.44% APY* depending on the account’s balance. You will also receive reimbursements up to an aggregate total of $25 for nationwide ATM withdrawal fees imposed by other financial institutions and incurred during the Monthly Qualification Cycle in which you qualified. If you have not received an appropriate reimbursement, we will adjust the reimbursement amount if we receive the transaction receipt within sixty (60) calendar days of the withdrawal transaction. When Free Kasasa Cash qualifications are not met, Free Kasasa Saver: All balances earn 0.05% APY. Free Kasasa Cash: All balances earn a non-compounding APY* of 0.05% and ATM Fees are not refunded*. When linked to the Free Kasasa Saver account, the interest earned within the Free Kasasa Cash account does not compound since it is automatically transferred to the Free Kasasa Saver account within one day. This automatic transfer may cause an overdraft to your Free Kasasa Cash account if the account’s balance is less than the transferred amount when transfer occurs. APY = Annual Percentage Yield. Rates and rewards are variable and may change after account is opened. Fees may reduce earnings.

Kasasa Saver with Cash Back Reward Information: When Kasasa Cash Back Checking account qualifications are met during a Monthly Qualification Cycle, you will receive 4.00% cash back on up to a total of $250 POS (point of sale) debit card purchases that post and settle to the checking account during that cycle period. A maximum of $10 cash back payments may be earned per Monthly Qualification Cycle. 

In addition, daily balances up to and including $100,000 receive an APY of 0.50%; and balances over $100,000 earn 0.15% interest rate on the portion of balance over $100,000, resulting in a range from 0.50% to 0.27% APY depending on the account’s balance. 

You will receive reimbursements up to $25 for nationwide ATM withdrawal fees incurred within your Kasasa Cash Back Checking account during the Monthly Qualification Cycle in which you qualified. We reimburse ATM withdrawal fees based on estimates when the withdrawal information we receive does not identify the ATM fee. If you have not received an appropriate reimbursement, we will adjust the reimbursement amount if we receive the transaction receipt within sixty (60) calendar days of the withdrawal transaction. 

When your Kasasa Cash Back Checking account qualifications are not met, no cash back payments are made, and ATM withdrawal fees are not refunded. In addition, the entire daily balance in the Kasasa Saver for Cash Back Account earns an interest rate of 0.05%, resulting in an annual percentage yield of .05% APY. 

Interest will be credited to your Kasasa Saver for Cash Back Account on the last day of the current statement cycle. 

Cash Back payments and nationwide ATM withdrawal fee reimbursements will be credited to your Kasasa Saver for Cash Back account on the last day of the current statement cycle. 

APY=Annual Percentage Yield. APY calculations are based on an assumed balance of $100,000 plus $100,000 in your Kasasa Saver for Cash Back account and an assumed statement cycle of thirty-one (31) days. Rates, rewards, and bonuses, if any, are variable and may change after account is opened without notice to you. No minimum balance is required to earn or receive the account’s rewards. Rewards less than a penny cannot be distributed. If the account is closed before rewards are credited, you will forfeit the rewards.

Kasasa Saver Additional Information: Account approval, conditions, qualifications, limits, timeframes, enrollments and other requirements apply. Enrollment in online banking, receipt of electronic statements, and conducting POS transactions with a State Bank debit card are conditions of the Free Kasasa Cash account and are required to meet some of the account’s qualifications. Limit 1 account per social security number / individual taxpayer identification number. A Free Kasasa Cash account is required to have a Free Kasasa Saver account. A linked Free Kasasa Saver account is required for automatic savings. Contact one of our bank service representatives for additional information, details, restrictions, processing limitations and enrollment instructions. The State Bank, Member FDIC. Kasasa, Kasasa Cash and Kasasa Saver are trademarks of Kasasa, Ltd., registered in the U.S.A.

Kasasa Saver with Cash Back Additional Information: Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. A $25.00 minimum deposit is required to open the account. Monthly login to online banking, receipt of electronic statements and 12 debit card transactions are conditions of this account to earn rewards. See accompanying schedule of Financial Service Fees for fees that may apply to this account. Limit of 1 account per social security number. There are no recurring monthly maintenance charges or fees to open or close this account. This account is not to be used for commercial purposes. If the account is closed, you will forfeit any rewards that have not been credited to your account. Fees may reduce earnings. Rewards are variable and may change after account is opened. Contact one of our bank service representatives for additional information, details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions. The State Bank, Member FDIC. Trademarks: Kasasa and Kasasa Cash Back are trademarks of Kasasa, Ltd., registered in the U.S.A.

Account Limitations: During any month you may not make more than 6 withdrawals or transfers to another account of yours or to a third party by means of a pre authorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to their party. There is no limit to the number of transfers or withdrawals from your Kasasa Saver for Cash Back account to repay loans at our institution or are made in person, by mail, by messenger or at an ATM. These transactions are considered made on the date the transaction posts and settles to your account, not the date the withdrawal request was initiated.

Contact one of our bank service representatives for additional information, details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions. The State Bank, Member FDIC. Trademarks: Kasasa, Kasasa Cash Back and Kasasa Saver are trademarks of Kasasa, Ltd., registered in the U.S.A.

Basic Savings

Enjoy unlimited deposits and up to 15 free withdrawals per quarter with our easy Basic Savings. Interest is compounded quarterly, ensuring your money continues to work for you.

  • Minimum Balance:  $200
  • Maintenance Fee: $9 Quarterly*
  • Withdrawal Details: First 15 No Charge**

*If account is above account minimum fee is waived.
**Withdrawals over 15 will have a fee of $1 per transaction.

Moola Moola Savings

Get a head start on saving for kids under 18 years of age with our Moola Moola Savings! Earning cash from chores, saving birthday money, or even paychecks from your first job – they have a safe and secure home in a Moola Moola account and deposits even earn interest with just $10. Interest is compounded quarterly and there’s no limits on the number of deposits.

  • Minimum Opening Balance:  $10
  • Minimum Balance:  None
  • Maintenance Fee:  None

Existing customers may login to your online banking to open a new savings account. New customers may enroll in online banking, or stop in to one of our local branches to let us help you find your perfect savings account.

Target Savings

Focus in on your savings goal with a Target Savings Account from The State Bank. 

Reaching your goal with a Target Savings Account couldn’t be easier. Simply, pick your savings goal, weekly payments and maturity date! Together we will set up payments to be automatically deducted from your checking account. Your Target Savings will grow and earn interest quarterly. There’s no limit to the number of deposits you can make!

Choose from:

  • Christmas Club Target Savings Account – Matures on October 27
  • All Purpose Target Savings Account – Matures on the last business day of the month you select
  • Minimum Opening Balance:  $10

Existing customers may login to your online banking to open a new savings account. New customers may enroll in online banking, or stop in to one of our local branches to let us help you find your perfect savings account.

Prosperity Money Market Account

Want your money to work as hard as you do? Get more from your savings with a Prosperity Money Market Account from The State Bank. While this account requires a higher minimum balance, it also offers a premium interest rate compounded quarterly so your savings can grow faster.

  • Minimum Balance:  $2,500
  • Maintenance Fee: $10 Monthly*
  • Withdrawal Details: Up to 6 per Month**

 

*If account is above account minimum fee is waived.
**Withdrawals 1-4 at no cost, 5 & 6 are $5/each.

Existing customers may login to your online banking to open a new savings account. New customers may enroll in online banking, or stop in to one of our local branches to let us help you find your perfect savings account.

home-equity

Home Equity Solutions

Whether you’re looking for a home equity line of credit (HELOC), or a fixed-rate loan, The State Bank will guide you through the decision making process to ensure that using your home’s equity is the right choice for you.

Go Digital

At The State Bank, we promise to make your life easier. Let us help you find your better state – on the go – with our Go Digital Services.

go-digital-the-state-bank

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