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Rates & Fees

Rates & Fees

CD Rates

RATES ARE SUBJECT TO CHANGE

Term Rate APY Minimum Daily Balance to Obtain APY
*8 Month 0.10% 0.10% $10,000.00
*14 Month 0.25% 0.25% $5,000.00
14 Month Special with DSB Account 0.30% 0.30% $5,000.00
*29 Month 0.30% 0.30% $5,000.00
29 Month Special with DSB Account 0.45% 0.45% $5,000.00
*91 Day 0.10% 0.10% $2,500.00
*182 Day 0.15% 0.15% $2,500.00
*1 Year 0.25% 0.25% $500.00
*18 Month 0.25% 0.25% $500.00
*2 Year 0.25% 0.25% $500.00
*30 Month 0.30% 0.30% $500.00
*3 year 0.60% 0.60% $500.00
*4 year 0.85% 0.85% $500.00
*5 year 1.00% 1.00% $500.00

*Automatically Renewable

IRAs – Same terms and conditions as automatically renewable CDs.

APY represents Annual Percentage Yield

A penalty will be imposed for funds withdrawn prior to maturity for all time deposits.

Request further information from an employee concerning fees and terms applicable to the advertised accounts.

Fees may reduce the earnings.

Checking and Savings account rates are subject to change after account opening.

Effective 3/17/21

Checking Account Rates

Account Type Rate APY Minimum Daily Balance to Obtain APY
Prime Account –Tier 1 0.01% 0.01% $2,500-$9,999.99
Prime Account –Tier 2 0.01% 0.01% $10,000-$49,999.99
Prime Account –Tier 3 0.05% 0.05% $50,000-$99,999.99
Prime Account –Tier 4 0.10% 0.10% $100,000

APY represents Annual Percentage Yield

Request further information from an employee concerning fees and terms applicable to the advertised accounts.

Fees may reduce the earnings.

Checking and Savings account rates are subject to change after account opening.

Effective 3/11/21

Savings Account Rates

Account Type Rate APY Minimum Daily Balance to Obtain APY
Savings 0.05% 0.05% $5.00
Savings Growth 0.63% 0.63% $100.00
Super Money Market 0.05% 0.05% $2,500.00
Smart Investor MM – Tier 1 0.01% 0.01% $2,500 – $9,999.99
Smart Investor MM – Tier 2 0.01% 0.01% $10,000 – 24,999.99
Smart Investor MM – Tier 3 0.01% 0.01% $25,000 – 49,999.99
Smart Investor MM – Tier 4 0.05% 0.05% $50,000-99,999.99
Smart Investor MM – Tier 5 0.10% 0.10% $100,000 & over

APY represents Annual Percentage Yield

A penalty will be imposed for funds withdrawn prior to maturity for all time deposits.

Request further information from an employee concerning fees and terms applicable to the advertised accounts.

Fees may reduce the earnings.

Checking and Savings account rates are subject to change after account opening.

Account Type Rate APY Minimum Daily Balance to Obtain APY
Repurchase Agreement(NOT FDIC INSURED) 0.05% NA $5,000.00

Effective 4/2/2021

Miscellaneous Fees

Effective April 2021

Account Closing Fee – $25.00
(If account is closed within 6 months of opening date)
If account balance falls to $0.00 at any time, we will assume that it is your intention to close the account.

Additional Statements – $8.00
(in excess of one allowed per month)

Amortization Schedule – $15.00

Anytime Savings Account Paper Check Fee – $3.00/check

ATM Fees
No fee for DeMotte State Bank customers

Withdrawal at non-DeMotte State Bank ATM – $2.50
ATM surcharge – Non-customers – $3.50

Card Fees
Card Replacement (ATM/Debit card) – $10.00
Instant Issue Fee – $25.00

Cashier Check – $10.00 each

Coin Counting
No fee for DeMotte State Bank accountholder
Non-customers – 10% of amount

Collection Items
Canadian Only
First item – $20.00
Additional items – $5.00 each

Counter Checks – $1.00 per check

Dormant Checking Account Fee
$5.00 per month (inactive for one year)

Dormant Savings Account Fee
$15.00 per quarter (inactive for three years)

FAX Fees
Outgoing – $5.00 first page, $1.00 per page after first
Incoming – $2.00 first page, $1.00 per page after first

Federal Reserve Bank Draft – $20.00

Garnishment Fee/Court Order – $20.00

Image of Check – $1.00 per check

Levy – $80.00

Medallion Signature Guarantee – $25.00 per seal

Money Order – $5.00 each

Non-Sufficient Funds
$35.00 per item returned or overdraft item paid on checking or savings account

Extended NSF
An additional $35.00 if overdrawn for 5 business days

Notary Seal
$5.00 per seal
FREE for Prime Checking Accountholders
$10.00 per seal for non-customers

Online Banking
NO Fee for balances and funds transfers

Online BILL PAY
$4.95 per month (up to 10 bills)
$.50 each over 10
FREE for Prime and Choice Checking Accountholders

Paper Statements
DSB FREE Checking Accountholders
$5.00 monthly fee – statement only
$8.00 monthly fee – statement and images
No Paper Statement Fee for ages 65 & older
Business Checking Accountholders
$8.00 monthly fee – statement and images
No Paper Statement Fee for Business
PRO accountholders

Photocopy – $.25 each page

Research/Checkbook Balancing Fee
$30.00 per hour

Returned Check in Deposit Fee – $12.00 per item

Statement Reprint/Snapshot – $8.00 per statement

Stop Payment – $35.00

Stop Payment Renewal – $17.50

Safe Deposit Box Annual Fees
Contact your local branch to see what sizes are available near you.
3x5x22 $18
4x5x22 $23
5x5x22 $26
6x5x22 $30
3x10x22 $34
5x10x22 $50
3x11x22 $34
4x11x22 $43
6x11x22 $60
8x11x22 $80
10X10X22 $90
Lost Key $25
Late Fee $20

Contents NOT FDIC Insured

Sweep Account (Overdraft Protection)
Annual fee – $25.00
Transfer Fee – $10.00 per transfer

Telephone Transfer – $12.00 per transfer (no fee for transfers through online banking or phone banking)

Wire Transfers Outgoing
Customer $30.00
Non-customer $75.00
International Wire $80.00

Wire Transfers Incoming
Customer $15.00
Non-customer $75.00