Rates & Fees
At DeMotte State Bank, we offer competitive rates just for you. Whether you are looking for a certificate of deposit, a checking account, or a savings account, below you will find all current applicable rates and fees.
Certificate of Deposit Rates
RATES ARE SUBJECT TO CHANGE
| Term | Rate | APY | Minimum Daily Balance to Obtain APY |
|---|---|---|---|
| *8 Month | 4.50% | 4.53% | $5,000.00 |
| *14 Month | 2.25% | 2.27% | $5,000.00 |
| 14 Month Special with DSB Account | 4.75% | 4.84% | $5,000.00 |
| *29 Month | 2.25% | 2.27% | $5,000.00 |
| 29 Month Special with DSB Account | 3.90% | 3.96% | $5,000.00 |
| *91 Day | 2.50% | 2.52% | $2,500.00 |
| *182 Day | 2.75% | 2.77% | $2,500.00 |
| *1 Year | 2.35% | 2.37% | $500.00 |
| *18 Month | 2.25% | 2.27% | $500.00 |
| *2 Year | 2.25% | 2.27% | $500.00 |
| *30 Month | 2.40% | 2.42% | $500.00 |
| *3 year | 2.25% | 2.27% | $500.00 |
| *4 year | 2.40% | 2.42% | $500.00 |
| *5 year | 2.50% | 2.52% | $500.00 |
*Automatically Renewable
IRAs – All DSB-listed CDs may be opened as an IRA. Same terms and conditions apply.
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A penalty will be imposed for funds withdrawn prior to maturity for all time deposits.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 3/1/2024
Checking Account Rates
| Account Type | Rate | APY | Minimum Daily Balance to Obtain APY |
|---|---|---|---|
| Prime Account –Tier 1 | 0.05% | 0.05% | $2,500 – $9,999.99 |
| Prime Account –Tier 2 | 0.05% | 0.05% | $10,000 – $49,999.99 |
| Prime Account –Tier 3 | 0.10% | 0.10% | $50,000 – $99,999.99 |
| Prime Account –Tier 4 | 0.15% | 0.15% | $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 12/21/23
Savings Account Rates
| Account Type | Rate | APY | Minimum Daily Balance to Obtain APY |
|---|---|---|---|
| Savings | 0.05% | 0.05% | $5.00 |
| Savings Growth | 2.95% | 2.98% | $100.00 |
| Super Money Market | 0.20% | 0.20% | $2,500.00 |
| Smart Investor MM – Tier 1 | 0.25% | 0.25% | $2,500 – $9,999.99 |
| Smart Investor MM – Tier 2 | 0.25% | 0.25% | $10,000 – $24,999.99 |
| Smart Investor MM – Tier 3 | 0.50% | 0.50% | $25,000 – $49,999.99 |
| Smart Investor MM – Tier 4 | 1.50% | 1.51% | $50,000 – $99,999.99 |
| Smart Investor MM – Tier 5 | 1.75% | 1.76% | $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) | 0.25% | NA | $5,000.00 |
Effective 04/01/24
Miscellaneous Fees
Effective January 1, 2024
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*
*50% discount for Prime and Choice Checking Account Holders, $5/check
Coin Counting
No fee for DeMotte State Bank account holder
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
Foreign ATM Fee – $3.00
Garnishment Fee/Court Order – $20.00
Image of Check – $3.00 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 Account holders
$10.00 per seal for non-customers
One Time ACH – $30
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 Account holders
Paper Statements
DSB FREE Checking Account holders
$5.00 monthly fee – statement only
$8.00 monthly fee – statement and images
No Paper Statement Fee for ages 65 & older
Business Checking Account holders
$8.00 monthly fee – statement and images
No Paper Statement Fee for Business
PRO account holders
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