Services available at Industry State Bank
SERVICES AVAILABLE
• Internet Banking
• E-Statements - Sign up for our new E-Statements!
• MasterCard Debit Card PLUS ScoreCard Rewards Program
• ID Protection Service
• Mobile Banking - COMING SOON!
• ATM’s - Industry and New Ulm
• Business Loans
• Consumer Loans
• Real Estate Loans
• Night Depository
• Electronic Federal Tax Payment System
• Draft Collection
• US Savings Bonds
• Merchant Program
• Safety Deposit Boxes
• Cashier’s Checks
• Wire Transfers
• Free 24 Hour Telephone Banking Service (800) 357-6677
or local 357-6677
PRODUCTS AVAILABLE
The information listed on the products is for advertising purposes and does not constitute a disclosure. Account disclosures detailing terms and conditions of specific accounts are available upon request by calling us at any one of our locations. Terms and fees may be changed by us at any time after reasonable notice to you as provided by law.
Checking Accounts
• Minimum balance to open $50.00
• Unlimited check writing ability
• Monthly statement with check images enclosed
• MasterCard Debit Card available
• ATM Card available
• ACH deposits and withdrawals
• Internet access to account
• 24 hours Voice access to account
• If your balance falls below $500.00 on any day in the statement cycle, your account will be subject to an $8.00 monthly SERVICE CHARGE for Maintenance for that statement cycle.
• Children 18 years and under, senior citizens(65 & over), non-profit Organizations, and non-profit corporations are exempted from service charges upon notification to the bank
• Complete disclosure given on account opening
No Frills Checking Accounts
• Minimum balance to open $50.00
• Unlimited check writing ability
• Monthly statement without check images
• MasterCard Debit Card available
• ATM Card available
• ACH deposits and withdrawals
• Internet access to account
• 24 hours Voice access to account
• If your balance falls below $100.00 on any day in the statement cycle, your account will be subject to a $6.00 monthly SERVICE CHARGE for maintenance for that statement cycle
• Complete disclosure given on account opening
NOW Accounts
• Minimum balance to open $50.00
• Interest Rate and Annual Percentage Yield may change weekly
• Interest compounded monthly and credit to the account monthly
• No accrued interest if account closed before interest paid
• Unlimited deposits into the account
• An activity SERVICE CHARGE per item charge of $.25 will be charged for each debit in excess of 25 during a month
• Monthly statement with check images enclosed
• MasterCard Debit Card available
• ATM Card available
• ACH deposits and withdrawals
• Internet access to account
• 24 hours Voice access to accounts
• If your balance is less than $1,000.00 on any day in the statement cycle, your account will be subject to a $10.00 monthly SERVICE CHARGE for maintenance for that statement cycle
• If your balance is at least $1,000.00 on every day but less than $2,500.00 on any day in the statement cycle, your account will be subject to a $7.50 monthly SERVICE CHARGE for maintenance for that statement cycle
• If your balance is $2,500.00 or more on every day in the statement cycle, we will not charge the monthly SERVICE CHARGE for maintenance for that statement cycle
• No minimum balance required to obtain the annual percentage yield
• Designed for individuals, sole proprietorship and non-profit corporations
• Complete disclosure given on account opening
Money Market Accounts
• Minimum balance to open $50.00
• Interest Rate and Annual Percentage Yield may change weekly
• Interest compounded monthly and credit to the account monthly
• No accrued interest if account closed before interest paid
• Unlimited deposits into the account
• Limitations on the Frequency of Transfers -Transfers from a Money Market Investment account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to six withdrawals from the account within the monthly statement cycle by check, draft, or similar order to third parties. Failure to comply will cause the bank to transfer the account into a demand account or close the account.
• Activity SERVICE CHARGE per item charge of $5.00 will be charged for each debit in excess of six during a month
• Monthly statement with check images enclosed
• ACH deposits and withdrawals
• Internet access to account
• 24 hours Voice access to account
• If your balance is less than $1,000.00 on any day in the statement cycle, your account will be subject to a $10.00 monthly SERVICE CHARGE for maintenance for that statement cycle
• If your balance is at least $1,000.00 on every day but less than $2,500.00 on any day in the statement cycle, your account will be subject to a $5.00 monthly SERVICE CHARGE for maintenance for that statement cycle
• If your balance is $2,500.00 or more on every day in the statement cycle, we will not charge the monthly SERVICE CHARGE for maintenance for that statement cycle.
• No minimum balance required to obtain the annual percentage yield
• Designed for individuals or business
• Complete disclosure given on account opening
Preferred Investment Account
• Minimum balance to open $25000.00
• Interest Rate and Annual Percentage Yield may change weekly
• Interest compounded monthly and credit to the account monthly
• No accrued interest if account closed before interest paid
• Unlimited deposits into the account
• Limitations on the Frequency of Transfers - Transfers from a Preferred Investment account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to six withdrawals from the account within the monthly statement cycle by check, draft, or similar order to third parties. Failure to comply will cause the bank to transfer the account into a demand deposit account or close the account.
• Activity SERVICE CHARGE per item charge of $5.00 will be charged for each debit in excess of 6 during a month
• Monthly statement with check images enclosed
• ACH deposits and withdrawals
• Internet access to account
• 24 hours Voice access to account
• If your balance is less than $25,000.00 on any day in the statement cycle, your account will be subject to a $10.00 monthly SERVICE CHARGE for maintenance for that statement cycle
• If your balance is $25,000.00 or more on every day in the statement cycle, we will not charge the monthly SERVICE CHARGE for maintenance for that statement cycle
• Designed for individuals or business
• Complete disclosure given on account opening
Savings Accounts
• Minimum balance to open $50.00
• Interest Rate and Annual Percentage Yield may change quarterly
• Interest compounded quarterly and credit to the account quarterly
• No accrued interest if account closed before interest paid
• Unlimited deposits into the account
• Transfers from a Savings Account to another account by preauthorized, automatic, telephone, or computer transfer are limited to three per month
• An activity SERVICE CHARGE per item charge of $1.00 will be charged for each debit transaction (withdrawal, automatic transfer or payment out of this account) in excess of three during a month
• Quarterly statement
• ACH deposits
• Internet access to account
• 24 hours Voice access to account
• If your balance is less than $50.00 on any day in the month, your account will be subject to a $5.00 monthly SERVICE CHARGE for maintenance for that month
• If your balance is $50.00 or more on every day in the month, we will not charge the monthly SERVICE CHARGE for maintenace for that month
• No minimum balance required to obtain the annual percentage yield
• Designed for individuals or business
• Complete disclosure given on account opening
IRA Accounts
• Minimum balance to open $50.00
• Interest Rate and Annual Percentage Yield may change quarterly
• Interest compounded daily and paid quarterly
• Unlimited deposits into the account (IRS limits apply)
• Withdrawals limited to 3 per quarter and must be made in person
• Quarterly statement
• Internet access to account
• 24 hours Voice access to account
• No administration fees
• No minimum balance required to obtain the annual percentage yield
• Designed for individual
• Complete disclosure given on account opening
Certificate of Deposit
• Minimum to open $500.00
• Jumbo Certificate of Deposit Available
• Varying Terms 1 Month to 60 Months
• Simple interest on certificates less than 12 months
• Early withdrawal interest penalty of 3 months on certificates 12 months or less
• Compounded daily interest on certificates 12 months and over
• Early withdrawal interest penalty of 6 months on certificates greater than 12 months
• Automatically Renewable with 10 days grace period
• Designed for individual or business
• Complete disclosure given on account opening.
Loan Products Available
Agriculture Loans
Designed for individual or business
Purpose: equipment, livestock, lines of credit
Details: contact our loan officers at Industry or New Ulm
Business Loans
Designed for individual or business
Purpose: equipment, operations, inventory/account receivables
Details: contact our loan officers at Industry or New Ulm
Consumer Loans
Designed for individual or business
Purpose: mobile home, automobile, trucks, personal expenses
Details: contact our loan officers at Industry or New Ulm
Real Estate Loans
Designed for individual or business
Purpose: purchase, construction or improvement of real estate
Home Equity Loans
Details: contact our loan officers at Industry or New Ulm
INDUSTRY LOAN OFFICERS:
Phone 979-357-4437
Fax 979-357-4735
NEW ULM LOAN OFFICERS:
Phone 979-992-3391
Fax 979-992-3996
