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Park State Bank
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Checking & Savings

Checking Accounts

We keep it simple with four great checking account options. All checking accounts include free eStatements, access to online & mobile banking, and debit cards.  Contact us for rates.  APPLY FOR A CHECKING ACCOUNT


Simple Checking Investment Checking Superior Checking HSA Checking
BEST IF YOU'RE
LOOKING FOR
A simple checking account, with no minimum balance or monthly maintenance fees
An interest bearing checking solution A full service account for those 60 years of age or older An account that helps you save for qualified medical expenses. 
MINIMUM OPENING DEPOSIT
$50
$1,000 $100 No minimum to open 
MINIMUM BALANCE No minimum balance
$5,000 minimum balance to avoid fees and to obtain the disclosed annual percentage yield
No minimum balance No minimum balance
MONTHLY
MAINTENANCE FEE
No maintenance fees
$10/monthly if balance falls below minimum requirement of $5,000
No maintenance fees $2.50/monthly fee
INTEREST BEARING
No interest paid
Interest bearing on average daily balance; compounded and paid monthly

Variable interest rate and subject to change at bank's discretion
Interest bearing on average daily balance; compounded and paid monthly

Variable interest rate and subject to change at bank's discretion
Interest bearing on average daily balance; compounded and paid monthly

Variable interest rate and subject to change at bank's discretion
ADDITIONAL INFORMATION
Complimentary first order of mini pack of checks or $8 credit toward another style

Accrued interest will not be paid out if account is closed before interest is credited
 
Tiered Interest Rates
First order of blue wallet or duplicate checks is complimentary.  All reorders are charged shipping and handling.  Can receive $8 credit toward another style

Accrued interest will not be paid out if account is closed before interest is credited
Withdrawals must be used exclusively for qualified medical expenses for dependents and spouse

$2,500 Point-of-Sale (POS) daily limit

Withdrawals only by direct withdrawal or debit card

Accrued interest will not be paid out if account is closed before interest is credited
CREDIT/DEBIT & ATM CARDS E-SERVICES EXTRAS
  • Overdraft Privilege (available to eligible applicants)
  • Ready Reserve Overdraft Protection (available to eligible applicants)
  • 24-Hour Telephone Banking
1.877.888.6800 or 218.885.8734
*A $1 fee will be charged for transfers, withdrawals, and balance inquiries when you use an ATM not owned by Park State Bank, Lucky Seven General Stores or an ATM not in the Money Pass Network.



Savings Accounts 

We have a savings solution for you to help you reach your financial goals. All savings accounts include free eStatements and access to online & mobile banking.  APPLY FOR A SAVINGS ACCOUNT


Regular Savings Holiday Savings Higher Learning Savings
BEST IF YOU'RE
LOOKING FOR
A simple savings solution with a low minimum balance A savings account designed for saving up for those special holidays An account to help you save money for college 
MINIMUM
OPENING DEPOSIT
$50 No minimum to open $50
MINIMUM BALANCE $50 minimum balance to avoid fees and to obtain the disclosed annual percentage yield No minimum balance
$50 minimum balance to avoid fees and to obtain the disclosed annual percentage yield
 
MONTHLY
MAINTENANCE FEE
$10 per quarterly cycle fee if balance falls below the minimum requirement No maintenance fees
$10 quarterly cycle fee if balance falls below the minimum requirement
 
INTEREST BEARING
Interest bearing on average daily balance; compounded and paid quarterly

Variable interest rate and subject to change at bank's discretion
Interest bearing on average daily balance and paid at maturity

Variable interest rate and subject to change at bank's discretion
Interest bearing on average daily balance; compounded and paid quarterly

Variable interest rate and subject to change at bank's discretion
 
MINOR
ACCOUNT TERMS
No minimum balance required if under 18 years of age N/A
Account automatically converts to a regular savings account when minor reaches 18
 
ADDITIONAL INFORMATION Accrued interest will not be paid out if the account is closed before the interest is credited
A $25 early withdrawal fee will be imposed

Receive funds on 10/31

Accrued interest will not be paid out if the account is closed before the interest is credited
A $25 early withdrawal fee will be imposed per withdrawal before child reaches age 18

Accrued interest will not be paid out if the account is closed before the interest is credited

A Regular Savings Account Includes: 

ATM SERVICES E-SERVICES EXTRAS
1.877.888.6800 or 218.885.8734
*A $1 fee will be charged for transfers, withdrawals, and balance inquiries when you use an ATM not owned by Park State Bank, Lucky Seven General Stores or an ATM not in the Money Pass Network.
 
The number of pre-authorized withdrawals or transfers is limited to 6 per month, including those made by check, draft, debit card or similar order to third parties. Any transaction in excess of 6 will be charged $1 per transaction. Withdrawals made at ATMs or in person are unlimited.
 
 
For more information regarding Checking and Savings accounts, or to open an account today, Contact Us.