We strive to offer our customers the best personal financial options and excellent customer service, a sincere commitment to excellence. Although you have many financial institutions to choose from, DeMotte State Bank works hard to earn and keep your trust. We ensure that you have the best account options for you and your family. At DSB, we put our communities and families first, and we can’t wait to have an opportunity to show you the benefits of hometown banking!
At DeMotte State Bank, we value the dollar, whether it’s yours or ours! At our community bank, we offer three different checking account options: DSB Free Checking, Choice Checking, and Prime Checking. Take a moment to consider the features that appeal to your needs and financial goals, depending on your stage of life. A Customer Care Representative at your local branch can help you determine the best checking account to fit your life!
* DSB Free Checking Account holders must enroll for E-Statements within 30 days of account opening.
$4.95 monthly fee for BILL PAY after 6 months, including up to 10 bill payments per month
$.50 each in excess of 10
Paper Statement - $3/month
Paper Statement with images - $5/month
(Free for 65 years and older)
** $8.00 monthly fee if balance falls below minimum
*** $10.00 monthly fee if balance falls below minimum
***Tiered Interest (Calculated on daily collected balance)
Contact a Customer Care Representative for other requirements, rates, and fees that may apply.
We are invested in our communities, personally and professionally. Because of our close ties with the communities we serve, we are passionate about providing competitive savings and investment options to meet your long-term and short-term goals. One of our Customer Care Representatives would be happy to discuss your objectives and find solutions. Visit with us at your local DSB location soon.
• $100 minimum to open
• $100 minimum balance required*
• 6 Preauthorized/telephone transfers per month
• Interest rate established monthly/compounded quarterly
• 3 free withdrawals allowed per month, $1.00 each after 3
* $3 monthly fee if balance falls below, waived for ages 18 under, 65 & over
• Perfect for child savings
• $100 minimum to open and earn interest
• Attractive variable interest rate-established quarterly
• Early withdrawal fee: 6 months interest on amount withdrawn at
Christmas Savings Account
• Convenient and flexible way to save for ANY purpose
• $5.00 minimum opening deposit
• Account balance is paid around Nov. 1 every year
• Account remains open if deposits resume by Feb. 1
• Additional interest earned with monthly auto transfer
Certificates of Deposit
Certificates of Deposit are an excellent and safe short-term investment
vehicle. We have a variety of terms available. Refer to our rate page
for current rates, terms, and minimum deposit requirements.
Individual Retirement Accounts
Our Individual Retirement Accounts are funded through DSB Certificates of
Deposit. IRAs provide tax advantages for retirement savings. Ask one of our
New Account Representatives for details.
To Streamline the Process
Paying off an amount owed over time by making planned, incremental payments of principal and interest.
A report made by a qualified person (appraiser) which gives an estimate of a property’s value.
An asset pledged as security for repayment of a loan.
Debt to Income (DTI)
The ratio of monthly debt payments to gross monthly income.
Funds the borrower pays to the lender monthly to hold until the occurrence of a specified event. Funds in escrow cover yearly expenditures such as mortgage insurance premiums, taxes, hazard insurance premiums and special assessments.
A fixed interest rate loan is when the interest rate does not fluctuate during the duration of the loan.
Interest paid at closing which includes interest on your loan from the date of closing to the first day of the following month.
Loan to Value (LTV)
The ratio of the loan amount to the value of the collateral.
An acronym for principal, interest, taxes and insurance. These are the major components that go into determining your monthly mortgage payment.
Original amount of money borrowed in a loan.
A rate that may fluctuate during the duration of the loan.
Lending for your future
Land and lot loans
Lending to accommodate your unique needs
Home Ready Mortgage
RuraLiving Home Mortgage
USDA/Guaranteed Rural Housing