Savings

Regular Statement Savings
• Available for persons 19 years or older
• $100 minimum to open account and obtain stated Annual Percentage Yield (APY)
• Interest compounded daily and credited monthly
• Free Dial-A-Bank, FSBMe-Banking & FSBMe-Pay

($2 minimum balance fee assessed monthly when balance goes below $100. Fees could reduce earnings on this account.)  

Youth Statement Savings

• Available for persons through 18 years of age
• No minimum balance required to open account and obtain stated Annual Percentage Yield (APY)

• Interest compounded daily and credited monthly

• Free Dial-A-Bank, FSBMe-Banking & FSBMe-Pay

Money Market Savings

• $1,500 minimum to open account and obtain stated Annual Percentage Yield (APY)

• Variable Tiered Interest -- rates are subject to change at any time at FSBM's discretion (As your balance increases, so does your earnings)

• Interest credited monthly
• Free Dial-A-Bank, FSBMe-Banking & FSBMe-Pay

 

($15 minimum balance fee assessed monthly when balance goes below $1,500. Fees could reduce earnings on this account.)

 

Money Market Savings accounts and regular Savings accounts are considered "non-transactional" accounts and are regulated. This means that these accounts are limited to six withdrawals per statement period for certain types of withdrawals including: FSBMe-Banking, telephone transfers, ACH and auto transfers (with the exception of transfers to an FSBM loan). These accounts can have unlimited withdrawals at a teller window or at an ATM.

 

Tax Advantage Savings Plan

• Available for Individual Retirement Accounts (IRAs)

• $10 minimum to open account and obtain the stated Annual Percentage Yield (APY)

• Interest compounded daily, credited quarterly