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

Our Money Market Account is like a savings account with more muscle and increased flexibility. It earns greater interest rates while adding the convenience of limited check writing, directly from your savings.

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

Limited check writing ability

No more than six transfers or withdrawals per month

$10 excessive transaction fee for each withdrawal in excess of six

FDIC insured

Disclaimer
  • Interest rate and annual percentage yield may change

Statement Savings

Whether you’re a practical saver providing a safe nest egg or dreaming of an exotic vacation (or a little bit of both), our Statement Savings is a convenient way to earn interest while doing so.

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

*No interest if balance falls below $10

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)

We made this innovative CD more accessible by lowering the minimum opening deposit to just $500. The flexibility continues with the ability to make additional deposits, in increments of $25, before the CD’s maturity.

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.

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Stratford

Phone: 806-396-5521

Toll Free: 1-800-766-4518

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Dumas

Phone: 806-935-4184

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Dalhart

Phone: 806-249-5513

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Report a lost or stolen Debit Card

Please call your local branch during regular business hours

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Report a lost or stolen Debit Card over the weekend

(800) 264-4274, select option 6.