- A low minimum balance* allows you to earn interest and receive quarterly statements showing all your activity.Except for minor's, minimum balance and withdrawal frequency limitations apply to avoid imposition of fees.
- Tie your savings account to your checking account and get a monthly statement.
- We can transfer funds automatically for you each month to help you with your savings habits.
- Young savers have no minimum balance requirement while in school.
- Of course, you can access your account 24 hours a day with Touch Tone Teller, or link the account to your checking account and access it through an ATM.
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Long-term Savings: HSA funds roll over from year to year and always belong to you, growing tax deferred. Funds can be used for medical expenses and at the age of 65 can be withdrawn penalty free for any reason.
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Convenient: An SBT debit card can be used to pay medical expenses at the point of service. You can take advantage of direct deposit to transfer money to your HSA.
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Control: HSAs give you greater freedom when making healthcare choices. You can also decide how much and when you want to contribute to your HSA.
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Tax Savings: HSA deposits are tax deductible and can be used to pay for medical expenses at any time. We recommend that you consult a tax advisor for details.
- No Set Up Fee
- Interest earned Monthly at a tiered rate
- Free HSA Debit Card
- Free Online Statements
- Free Online Access
- $10 Annual Maintenance Fee
Savings Accounts
We encourage people to become regular savers. Why not have a portion of your paycheck directly deposited here? Start your children in the habit of saving. State Bank & Trust Co. - helping you reach your financial
goals.
Regulations limit the number of transfers and withdrawals to 6 per statements cycle,but you are allowed unlimited in person and ATM withdrawals/transfers. Does not apply to Health Savings Account.
TRADITIONAL SAVINGS Apply Now
* $100 minimum balance requirement, if you have a checking account with State Bank & Trust Co.. A $250 minimum balance requirement if you do not have a checking account with State Bank & Trust Co.. If you fall below the minimum balance there is a $10 monthly maintenance fee. After 4 withdrawals per statement cycle there is a $2 per withdrawal fee.
MONEY MARKET Apply Now
The convenience of a checking account along with the benefits of a savings account. A tiered rate of interest is paid on balances over the required minimum*
*If balance falls below $2500 there is a $7 monthly fee
* Interest paid on $2500 collected balance
HEALTH SAVINGS
Apply Now
A Health Savings Account (HSA) from State Bank & Trust Co. combined with a High Deductible Health Plan from your health insurance provider can help reduce healthcare costs and provide you with a tax-advantaged, lifetime medical savings account. Contributions to the account can be used for current and future medical expenses.
The Benefits of owning a HSA:
State Bank & Trust Co. HSA Features:
Further information about HSA's can be obtained through the United States Department of the Treasury website.
OVERDRAFT PROTECTION
Let your accounts work together. Sign up for Overdraft Protection. It will transfer funds from your savings to your checking in the event you should overdraw your checking account. Call us to sign up today!
Please contact us if you would like further information regarding terms, rates, or fees. We will be happy to send you a detailed disclosure for any of our deposit products.
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT: To help the government fight the funding of terrorism and money laundering activities, Federal Law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
