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Security Bank

Deposit Services

Important information about procedures for opening a new account

  • To help the government fight the funding of terrorism and money laundering, federal law requires financial institutions to obtain, verify, and record information that identifies each person who opens an account.
  • What this means for you:  When we open an account, we will ask your name, physical address, date of birth, and other information that will allow us to identify you.  We will also ask to see your driver's license and/or other identifying documents.

CHECKING ACCOUNTS

Commercial Checking Account

  • $100.00 opening minimum
  • $3.50 monthly service charge fee each statement cycle
  • $.10 fee for each debit transaction charged each statement cycle
  • $.05 earnings credit per $100.00 of average ledger balance will be credited against the transaction charge each monthly statement cycle

Regular Checking Account

  • $100.00 opening minimum
  • $6.00 monthly service charge fee per statement cycle if the balance falls below $500.00 any day of the statement cycle

Teachers Choice Checking Account

  • Account owner must be a certified teacher to open and maintain the account
  • $100.00 opening minimum
  • No service charge fee regardless of the balance
  • Two free orders of "Teachers Choice" checks per calendar year

Senior Class Checking Account

  • Account owner must be 62 years of age to open and maintain the account
  • $100.00 opening minimum
  • No service charge fee regardless of the balance
  • Two free orders of "Senior Class" checks per calendar year

Student Advantage Checking Account

  • All account owners must be full time students between the ages of 16 and 25 to open and maintain this account
  • $100.00 opening minimum
  • No service charge fee regardless of the balance
  • 50 free complimentary "Student Advantage" checks at account opening

$400.00 NOW Checking Account

  • Ownership restrictions apply
  • $400.00 opening minimum
  • $8.00 monthly service charge fee if the account balance falls below $400.00 any day of the monthly statement cycle and interest will not be earned on the account for the days the account balance is below $400.00

$1,000.00 NOW Checking Account

  • Ownership restrictions apply
  • $1,000.00 opening minimum
  • $10.00 monthly service charge fee if the account balance falls below $1,000.00 any date of the monthly statement cycle

SAVINGS ACCOUNTS    

Money Market Account

  • $2,500.00 opening minimum
  • Withdrawals and payments to third parties limited to 6 per statement cycle
  • $12.00 monthly service charge fee if the account balance falls below $2,500.00 any day of the monthly statement cycle
  • $1.00 transaction charge fee per debit transaction in excess of 6 per statement cycle

Statement Savings Account

  • $100.00 opening minimum
  • Interest will not be earned on the account for the days the account balance is below $100.00
  • Withdrawals and payments to third parties limited to 6 per statement cycle
  • $2.00 transaction charge fee per debit transaction in excess of 1 per month

Christmas Club Account

  • $10.00 opening minimum
  • If any withdrawals are made before November 15, no interest will be paid and the account will be closed

Check with a Customer Service Representative for current Checking Account and Saving Account rates.

Security Bank deposits are insured by the Federal Deposit Insurance Corporation (FDIC).

Notice of Changes in Temporary FDIC Insurance Coverage for Transaction Accounts

NOTICE:  By operation of federal law, beginning January 1, 2013, funds deposited in a non-interest-bearing transaction account (including an Interest on Lawyer Trust Account/IOLTA) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC).

The term "non-interest 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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