A deposit of only $100.00 is necessary to open the Advantage Checking account.
You will receive all the personally imprinted checks you need at no additional cost. Your special member checks will be printed with your name and address. No minimum balance is required and you receive Travelers checks and Cashier's Checks at no charge.
Your monthly membership fee also includes $100,000 Common Carrier and $10,000 Accidental Death insurance*. Your first year's rental fee on a personal-size safe deposit box is free (new rentals only) as well as two free stop payment coupons and two free domestic wire transfer coupons.
MINIMUM BALANCE REQUIREMENTS: No minimum balance required. If your average collected daily balance is over $1,000.00, you will earn interest on your account.
FEES: The monthly service charge is $6.00 each statement cycle.
*This product is not a deposit, not FDIC-Insured, not insured by any Federal Government agency, and not guaranteed by the bank.
The Senior Advantage Checking account is available to those who are 50 years or better with a minimum opening deposit of $100.00.
You will receive all of the personally imprinted checks you need at no cost to you. Your special member checks will be printed with your name and address. No minimum balance is required and you will receive Travelers checks and Cashier's Checks at no charge.
Your monthly membership fee also includes $100,000 Common Carrier and $10,000 Accidental Death insurance*. Your first year's rental fee on a personal-size safe deposit box is free (new rentals only) as well as two free stop payment coupons and two free domestic wire transfer coupons.
MINIMUM BALANCE REQUIREMENTS: No minimum balance required. This account is restricted to those who are 50 years old and over and is interest bearing so long as your average collected daily balance is over $1,000.00.
FEES: A monthly maintenance fee of $5.00 will be charged each statement cycle.
*This product is not a deposit, not FDIC-Insured, not insured by any Federal Government agency, and not guaranteed by the bank.
Limitations: You must deposit $100.00 to open this account.
Account Fees: If you maintain an average daily balance of $500.00 during the statement cycle there is no Service Charge. If your daily average balance falls below $100.00 for the statement cycle we will impose a monthly maintenance fee of $5.00. If your average daily balance is at least $100.00 for the monthly statement cycle but falls below $200.00 for the monthly statement cycle we will impose a monthly maintenance fee of $4.00. If your average daily balance is at least $200.00 but less than $300 for the statement cycle, we will impose a monthly maintenance fee of $3.00. If your average daily balance is at least $300.00 but less than $400 for the statement cycle, we will impose a monthly maintenance fee of $2.00. If your average daily balance is at least $400.00 but less than $500 for the statement cycle, we will impose a monthly maintenance fee of $1.00. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The following fee applies to this account: Activity Fee: $.15 for each debit item in excess of ten (10) during a statement cycle if the average daily balance requirement of $500.00 is not met.
You may open a Commercial Checking account with a beginning deposit of $100.00.
FEES: Commercial accounts are charged based on account analysis as follows: A monthly maintenance fee for $5.00 will be charged each statement cycle. $.10 will be charged for each debit transaction (withdrawal, check paid, automatic transfer or payment out of this account). $.04 will be charged for each item deposited. Credit will be given based on the collected balance to offset charges.
The NOW Account is an interest bearing account which requires a minimum beginning deposit of $1,500.00.
FEES: There will be a monthly maintenance fee of $6.00 each statement cycle in the event your average daily balance falls below $1,500.00 during a statement cycle.
ACTIVITY FEE: $.15 for each debit item in excess of ten (10) if the average collected daily balance falls below $1,500.00.
This account is an interest bearing account. The interest rate and annual percentage yield will depend upon the balance in the account as shown on the Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account at any time. Interest begins to accrue on the first business day after you deposit non-cash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly. If the account is closed before interest is credited, you will not receive the accrued interest.
MINIMUM BALANCE REQUIREMENT: A minimum of balance of $1,000.00 Average Collected Daily Balance to obtain the disclosed annual percentage yield.
LIMITATIONS: You must deposit $1,000.00 to open this account. You may make six (6) transfers or withdrawals from your account each four (4) week or similar period if made in person, by messenger, or by mail. No more than three (3) of these six (6) transfers may be made payable to a third party.
FEES: A monthly maintenance fee of $6.00 will be imposed every statement cycle if the average collected daily balance falls below $1,000.00 for the cycle. If your average collected daily balance is over $1,000.00, you will earn interest on your account.
The Money Market Account is an interest bearing account and requires an opening deposit of $2,500.00 or more.
MINIMUM BALANCE REQUIREMENT: You may make six (6) transfers from your account each four (4) week or similar period, if by pre-authorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction. Three (3) of these transfers may be made by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties. Transfers and withdrawals made in person, by messenger, by mail, or at an ATM are unlimited.
FEES: A monthly maintenance fee of $6.00 will be billed in the event the average daily balance falls below $2,500.00 during a given statement cycle.
Savings Accounts
It is never too late, or too early, to save for the future. A Oglesby State Bank savings account can help you meet your savings goals. We offer competitive rates with a low required minimum balance and no monthly service charge (as long as the required minimum balance is maintained).
The Statement Savings account is an interest bearing account and may be opened with a beginning deposit of $100.00.
You may make six (6) transfers from your account each four (4) week or similar period, if by pre-authorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction. Three (3) of these transfers may be made by check, draft, debit card or similar order (including POs transactions), made by the depositor and payable to third parties. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited.
FEES: There will be a monthly maintenance fee of $1.00 each statement cycle if the average collected daily balance in the account falls below $100.00. during a given cycle.
Activity Fee: $1.00 will be charged for each debit in excess of one (1) during a month.
The Look To The Future Savings account is an interest bearing account which may be opened with as little as $25.00. This account is reserved exclusively for those who are 25 years of age or less and enrolled as a full-time student.
FEES: No minimum balance is required to avoid a service charge.
You may make six (6) transfers from your account each four (4) week or similar period, if by pre-authorized or automatic transfer, or instruction. Three (3) of these transfers may be made by check, draft, debit card or similar order (including POs transactions), made by the depositor and payable to third parties. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited.
