Personal Deposit Accounts

Deposits accounts are available at the First State Bank of Ransom. For more information or to open an account, please stop by our bank in Ransom or Utica.

Regular Checking

• Minimum deposit of $100 required to open an account
• Customer receives a monthly statement that includes images of cancelled checks
• No monthly minimum balance fee if the average daily balance of $300 is maintained
• There is no monthly minimum balance fee for students in grades kindergarten through enrollment to college and for customers age 65 and older
• 40 debits free per statement period

Now Account

• Minimum deposit of $1,000 required to open an account
• Interest bearing checking account
• Interest is calculated on daily balance and credited to your account monthly
• Customer receives a monthly statement that includes images of their cancelled checks
• No monthly minimum balance fee if the daily balance of $1,000 is maintained
• 25 debits free per statement period

Super Now Account

• Minimum deposit of $2,500 required to open an account
• Interest bearing checking account
• Interest is calculated on daily balance and credited to your account monthly
• Customer receives a monthly statement that includes image of their cancelled checks
• No monthly minimum balance fee if the daily balance of $2,500 is maintained
• 25 debits free per statement period

Savings

• Minimum deposit of $50 required to open an account
• Interest bearing account
• Interest is calculated on daily balance and credited to your account quarterly
• Customer receives a statement quarterly. A monthly statement is provided when there is EFT activity.
• No quarterly minimum balance fee if the daily balance of $50 is maintained
• You are allowed six (6) withdrawals per statement period without excess withdrawal fee

Money Market

• Minimum deposit of $2,500 required to open an account
• Interest bearing account
• Interest is calculated on daily balance and credited to your account monthly
• Customer receives a monthly statement  that includes images of their cancelled checks
• No monthly minimum balance fee if the daily balance of $2,500 is maintained
• You are allowed six (6) withdrawals per statement period without excess withdrawal fee

Certificates of Deposit

• A variety of CD terms available
• Interest is paid at maturity or semi-annually depending on the term of the CD
• Interest may be compounded, paid by check or deposited into an existing account
• Penalty for early withdrawal