Personal Savings
Saving for what matters
| Minimum Opening Balance | Minimum to Earn Interest | Withdrawal by Check | |
|---|---|---|---|
| Statement Savings | $50 | $100 | |
| Looney Tunes Savings Club | None | $100 | |
| Preferred Money Market | $2,500 | None | |
| Health Savings Account | None | $100 |
Transaction restrictions apply to all Savings accounts. Please read information provided below.
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Statement Savings
Whether you are saving for a rainy day, that special vacation or a child's education, Statement Savings offer flexibility and security. The account may be tied to your checking account to provide a safeguard from overdrafts, while giving you the opportunity to earn interest.
- Interest Rate .05% Annual Percentage Yield .05%
- Interest compounded and credited daily, calculated using the daily balance method
- $50 average balance required. Interest earned on balances over $100
- $1.00 per debit fee for each debit over 3 per month
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Looney Tunes Savings Club
Teach your child to "tune" into savings with this special club membership. Kids ages 0 to 17 will receive the same features and benefits as our Statement Savings accounts. Deposits and withdrawals feature Looney Tunes characters to encourage kids to have fun while saving!
- $2 Statement Savings monthly below minimum fee is waived for children under 18
- All other terms and conditions of the Statement Savings Accounts apply
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Preferred Money Market Account
Earn a higher rate of interest while retaining access to your account by check.
Daily Balance Interest Rate AnnualPercentage Yield Under $2,500 0.05% 0.05% $2,500-$24,999 0.10% 0.10% $25,000-$49,999 0.25% 0.25% Over $49,999 0.35% 0.35% - Interest calculated on collected balance and compounded and credited monthly
- Minimum balance of $2,500 required
- Unlimited number of deposits
- 6 debits permitted monthly with $10 fee per debit over 6
- $10 below minimum fee per month if balance falls below $2,500
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Health Savings
Health Savings Accounts (HSAs) are tax-exempt accounts where funds grow to pay for medical expenses. HSAs allow you to pay for current health expenses and save for future qualified medical expenses on a tax-free basis. You must be covered by a High deductible Health Plan (HDHP) to be able to take advantage of a Health Savings Account. See if a health savings is right for you.
- Interest Rate .35% Annual Percentage Yield .35%
- You must maintain a minimum balance of $100.00 in the account each day to obtain the disclosed APY. Interest is paid on balances over $100.00.
- Interest compounded and credited daily, calculated using the daily balance method
- Withdrawals can be made by check, debit card, online bill payment or transferred to an existing account.
- There is a one-time $25.00 set-up fee.
- Annual maximum contribution limits are determined by the I.R.S.
*The following terms apply to all First State Bank of Wyoming Deposit Accounts.
- Dormant account fee of $2 per month is charged if the account is not used for 6 months and balance is below $50.
- Account closure fee of $25 will be assessed if the account is closed within the first 6 months.
- Annual Percentage Yields (APY) and Interest Rates are subject to change at any time.
- Fees may reduce earnings. Rates are effective 06/16/2020.
