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Choices to Help You Save
REGULAR SAVINGS
The choice for customers looking for a low minimum balance account. A great place to save for a special purchase.
- Interest paid quarterly on the entire balance
- No monthly service charge* with a $200 minimum balance in savings
- Quarterly statement
- Combined statement option with checking account (monthly statement)*
- 24-hour access to account information through TeleBank 24
- Open your account online
*Service Charge: If balance falls below minimum. Quarterly statement option - $6.00 quarterly service charge plus $2.00 per debit after 18 debits in a calendar quarter. Combined monthly statement option - $2.00 monthly service charge plus $2.00 per debit after 6 debits in a statement period.
Contact one of our Personal Bankers for further information at:
- Cross Plains: (608) 798-3961
- Middleton East: (608) 828-2980
- Middleton West: (608) 828-2285
- Mount Horeb: (608) 437-8968
- Madison: (608) 826-3500
- Oregon: (608) 835-2750
- Verona: (608) 845-6486
- Waunakee: (608) 849-2700
JUNIOR SAVINGS
A great place to start children saving.
- Interest paid quarterly
- No monthly service charge* with a $25 minimum balance in savings
- Quarterly statement
- Available to children under age 18
- 24-hour access to account information through TeleBank 24
- Open your account online
*Service Charge: If balance falls below minimum. Quarterly statement option - $3.00 quarterly service charge plus $2.00 per debit after 18 debits in a calendar quarter. Combined monthly statement option - $1.00 monthly service charge plus $2.00 per debit after 6 debits in a statement period.
For teens, saving money may not be as much fun as spending it, but putting dollars aside for their future and learning how to be smart consumers are still important things to do. Teens have access to more money than ever before thanks to allowances, gifts and, for many, income from jobs. Teens also are becoming more responsible for making decisions about everything from small, everyday purchases to saving for college or a car. That's why the latest issue of FDIC Consumer News, published by the Federal Deposit Insurance Corporation, is a special guide to help teens (and many pre-teens) learn how to make good decisions about their money, right from the start. Check out the FDIC ' s publication, entitled "Start Smart: Money Management for Teens ” by clicking here: www.fdic.gov/consumers/consumer/news/cnsum06.
Contact one of our Personal Bankers for further information at:
- Cross Plains: (608) 798-3961
- Middleton East: (608) 828-2980
- Middleton West: (608) 828-2285
- Mount Horeb: (608) 437-8968
- Madison: (608) 826-3500
- Oregon: (608) 835-2750
- Verona: (608) 845-6486
- Waunakee: (608) 849-2700
FUTURE SAVERS
Our Future Savers Account is an easy and convenient way to help you sock away the cash you’ll need for your child’s future. Whether you are saving to send them to college or want to surprise them with a new car, we have the savings plan for you. Parents just need to open a checking account with direct deposit, and we’ll keep you on track to saving by automatically withdrawing $20 or more from your account and depositing it in your child’s Future Savers Account each month. Kids earn great interest. The more in their savings, the more interest they earn.
- Interest paid monthly
- No monthly service charge* with a $200 minimum balance in savings
- Monthly statement
- Available to children under age 18
*Service charge of $2.00 per statement period if balance falls below minimum. Automatic transfer from State Bank of Cross Plains checking required. $2.00 per debit after 2 debits in a statement period. Available to children under age 18.
Contact one of our Personal Bankers for further information at:
- Cross Plains: (608) 798-3961
- Middleton East: (608) 828-2980
- Middleton West: (608) 828-2285
- Mount Horeb: (608) 437-8968
- Madison: (608) 826-3500
- Oregon: (608) 835-2750
- Verona: (608) 845-6486
- Waunakee: (608) 849-2700
HEALTH SAVINGS ACCOUNT
In 2003 President Bush signed into law the Medicare Prescription Drug, Improvement, and Modernization Act, which has allowed health insurance companies, third-party providers, and the financial services industry to offer Health Savings Accounts (HSAs). HSAs are setup by individuals or on behalf of eligible individuals to make limited contributions that can be distributed tax-exempt, where applicable, to pay for medical expenses. These accounts are designed to benefit people with high-deductible health plans (HDHP). They are a great way to save for health care expenses, with the added benefit of excellent tax savings and reduced health care costs.
The contributions are tax deductible and earnings grow on a tax-deferred basis, and if the funds are used for an eligible medical expense, the funds are tax-free. Funds roll over from year to year, and funds used after age 65 are able to be used tax-free for eligible medical expenses or at your normal tax rate for any other reason.
Who will want an HSA?
- Farmers
- Self-employed
- Small business owners
- Business owners who want to pay lower premiums and still offer an option to their employees.
Contact one of our Personal Bankers at (608) 798-3961 for further information on our Health Savings Account.
ESCROW SAVINGS ACCOUNT
Make saving for your home taxes EASY!
The State Bank of Cross Plains' Escrow Savings Account gives you the flexibility you need to ensure there is enough savings for your tax payments.
Enjoy peace of mind knowing your balances will grow with a premium interest rate and your money will be there for you when you need it.
- $25 Minimum Balance - Allows you to maximize the use of your savings for tax purposes, which means you will have more money available to use for other things.
- Automatic Transfer* - Your account is set up with automatic transfer so you are confident that you are saving every month.
- Two withdrawals per month allowed - Gives you the flexibility to include Homeowners insurance in your escrow amount and to pay your taxes in 2 installments each year.
- Premium Rate - Helps you make the most of your money during the year to pay taxes and insurance.
- Choice of Automatic Transfer - By picking your own automatic transfer date, you can have the flexibility to choose the best time for your deposit.
*A State Bank of Cross Plains checking account is required. Automatic deposit is required to be at least quarterly. Each withdrawal over 2 per statement cycle is $8 per month. A minimum balance of $25 is required. If balance falls below, a fee of $8 will be assessed.
Contact one of our Personal Bankers for further information at:
- Cross Plains: (608) 798-3961
- Middleton East: (608) 828-2980
- Middleton West: (608) 828-2285
- Mount Horeb: (608) 437-8968
- Madison: (608) 826-3500
- Oregon: (608) 835-2750
- Verona: (608) 845-6486
- Waunakee: (608) 849-2700
PREMIUM MONEY MARKET ACCOUNT
All the benefits of a savings account but with limited check writing privileges and our best interest rate!
- No monthly fee with a $2,500 minimum balance
- Interest rates increase on balances above $10,000 and $25,000
- Convenience of 6 withdrawals per month, 3 withdrawals may be by check
- Checks held in Safekeeping
- 24 hour access through TeleBank 24
- Open your account online
If balances fall below $2,500 an $10.00 monthly fee will apply. A fee of $2.00 will apply for each withdrawal over 6. Electronic or preauthorized transfers are limited to 6 per statement period with no more than 3 by check.
Contact one of our Personal Bankers for further information at:
- Cross Plains: (608) 798-3961
- Middleton East: (608) 828-2980
- Middleton West: (608) 828-2285
- Mount Horeb: (608) 437-8968
- Madison: (608) 826-3500
- Oregon: (608) 835-2750
- Verona: (608) 845-6486
- Waunakee: (608) 849-2700
PLATINUM MONEY MARKET ACCOUNT
All the benefits of a savings account but with limited check writing privileges and our best interest rate!
- No monthly fee
- $25,000 minimum to open
- Interest rates tiered on balances above $25,000, $50,000 and $100,000
- Convenience of 3 withdrawals per month (withdrawals may be by check)
- Checks held in Safekeeping
- 24 hour access through Telebank 24
Interest calculated on entire balance if $25,000 or more. A fee of $1.00 will apply for each withdrawal over 3. Electronic or preauthorized transfers are limited to 6 per statement period with no more than 3 by check.
Contact one of our Personal Bankers for further information at:
- Cross Plains: (608) 798-3961
- Middleton East: (608) 828-2980
- Middleton West: (608) 828-2285
- Mount Horeb: (608) 437-8968
- Madison: (608) 826-3500
- Oregon: (608) 835-2750
- Verona: (608) 845-6486
- Waunakee: (608) 849-2700
PRIME TIME PLUS PACKAGE
A special package of services because you are 55 years of age or better. We offer a variety of seminars to assist you in your financial planning. Join Our Club Today!
- Receive discounts at many local merchants that participate in our Merchant Discount Program
- Receive a free checking account with no monthly fee
- Free club checks
- No annual fee on our CheckCard Plus*
- Free Visa Travelers Checks.
- 25% discount on safe deposit box fees
- And much more . . .
- Open your account online
*Service Charge - No fee by maintaining $5,500 in combined balances at the State Bank of Cross Plains or $10,000 in Trust balances through State Bank of Cross Plains Trust and Asset Management Department.
**Subject to credit approval. Substantial penalty for early withdrawal.
Contact our Prime Time Club Director at (608) 798-3961 for further information on our Prime Time Plus Package.
Important information regarding these four packages:
Please request a copy of our Important Information Regarding Your Account disclosure and our Fees and Options disclosure for complete details on fees associated with our accounts and services.
SAFE KEEPING
Safe Deposit Boxes - not FDIC Insured
For safety and security of all your important documents and items, we provide a large variety of safe deposit boxes at our Cross Plains main office, Middleton, Mount Horeb, Madison and Waunakee offices. Sizes and prices may vary by office. Prices start as low as $20.00 per year.
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