First State Bank of Grove City
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Agricultural & Business Banking

 

Regular Business Checking

  • The minimum balance to open this account is $100.00.
  • There is a monthly maintenance fee of $6.00.
  • There is a deposit fee of 6 cents per item not drawn on the First State Bank of Grove City.
  • A fee of 15 cents is charged for each check and ACH debit.
  • An earnings credit based on the average collected balance in the account will offset any of the above fees.

 

Business Money Market Savings

  • The minimum balance to open this account is $2,500.00.
  • This is a tiered account and the interest rate will depend on your balance.
  • There is no minimum balance fee if your account does not fall below $2,500.00. Otherwise a minimum balance fee of $10.00 per month will apply.
  • Interest is compounded monthly.
  • You will receive monthly statements.

 

Business Regular Savings

  • The minimum balance to open this account is $100.00
  • There is no minimum balance fee if your account does not fall below $100.00. Otherwise a minimum balance fee of $1.00 per month will apply.
  • Interest is compounded semi-annually.
  • You will receive quarterly statements.

 

Certificates of Deposit

  • We offer a variety of maturities including 182 days and 12, 24, 36, 48 & 60 months.
  • There may be a penalty for early withdrawal.
  • Our rates are competitive.



NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS


All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.


The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.


For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.


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