Personal Savings
Your savings habits and structure help create security for you and your family. We offer many tools for you to build a nest egg, set aside funds for special purposes, and to prepare for retirement. Through thoughtful, personalized service, we can help set you on the path to financial security.
Money Market Account
This flexible account earns greater interest than a traditional savings account while adding the convenience of limited check writing ability.
Statement Savings
An easy way to earn interest while building a foundation for your savings. The $1 monthly service fee is waived with just a $100 balance.
IRA
An IRA is your ticket to a secure financial future, allowing you to fund your retirement while your earning power is at its peak.
CD
CDs can provide investment-like returns without the risk. Enjoy FDIC insurance on interest earnings well above standard savings.
Money Market Account
Competitive interest
Interest calculated daily, credited to account monthly
$2,500 minimum deposit to open
$7 service charge if average balance is below $2,500
No interest on balances below $2,500
No charge online banking
No more than six transfers or withdrawals per month with no more than three by check, transfers, and ACH
$10 excessive transaction fee for each withdrawal in excess of six
FDIC insured
Disclaimer
- Interest rate and annual percentage yield may change
Statement Savings
Competitive interest
Interest calculated daily, credited to account monthly*
$100 minimum deposit to open
No charge online banking
$1 service charge if average balance falls below $100
$1 fee for each withdrawal in excess of two per month
Maximum of six withdrawals per statement cycle
Quarterly statements
FDIC insured
Disclaimer
*Interest calculated by daily balance and credited monthly according to the statement cycle. If the daily balance is below $10, no interest is paid.
Individual Retirement Account (Traditional)
An IRA is your ticket to a secure financial future, allowing you to fund your retirement while your earning power is at its peak. Both Traditional and Roth IRAs offer excellent tax benefits, increasing their earning power even more. Any individual under age 72 (effective 1/1/2020) with earned income is eligible to open an IRA.
$25 minimum deposit to open IRA
Interest earnings are tax deferred until withdrawal
Current income grows tax-deferred until withdrawal
Increases untaxed savings since withdrawals will be subject to lower tax bracket
Contributions can be deducted on current tax returns
FDIC insured
Disclaimer
– First State Bank employees receive no compensation for holding IRA accounts and all IRAs are considered self-directed. Contact the Cetera Investment Services LLC if you’re interested in further investment information.
Individual Retirement Account (Roth)
The big difference between Roth and traditional IRAs is when you pay the tax. With a Roth IRA, you cannot deduct contributions on your existing tax returns, but you avoid all taxes on your withdrawals once you retire.
All earnings are non-taxable when held for five years
Your income is taxed now, when you are not on a fixed retirement income
Some early withdrawals are penalty-free for specific situations
$25 minimum deposit to open IRA
No minimum age for withdrawal or deposit
FDIC insured
Disclaimer
First State Bank employees receive no compensation for holding IRA accounts and all IRAs are considered self-directed. Contact the Cetera Investment Services LLC if you’re interested in further investment information.
Certificate of Deposit
CDs are a powerful savings tool that can provide investment-like returns without the risk. You earn interest well above a standard savings account while enjoying FDIC insurance. Interest rates are locked for a fixed term, but our Grow As You Go option allows you to make additional contributions.
Earn competitive interest rates
Terms from 14 days to 1 year
Penalty for early withdrawal
Minimum $1,000 to open
FDIC insured
Certificate of Deposit (Grow As You Go)
Earn competitive interest rates
6 month term
Penalty for early withdrawal
Minimum $500 to open
FDIC insured
Contact First State Bank
We have three offices, in Stratford, Dumas, and Dalhart. We provide our customers with the most advanced financial products and services while retaining a close, personalized approach to customer service.
Stratford
Phone: 806-396-5521
Toll Free: 1-800-766-4518
Dumas
Phone: 806-935-4184
Dalhart
Phone: 806-249-5513
Report a lost or stolen Debit Card
Please call your local branch during regular business hours
Report a lost or stolen Debit Card over the weekend
(800) 264-4274, select option 6.
