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STATEMENT SAVINGS ACCOUNTS

Opening a savings account is a great way to prepare for some future event or purchase. Peabody State Bank offers three different statement savings accounts:

  • Child’s Savings – For early savers under the age of 18
  • Regular Savings – A personal savings account for those 18 years of age or older
  • Business Savings – A savings account for business owners

During any calendar month, you may not make more than six withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction. If you exceed the transfer limitations set forth above in any calendar month, your account will be subject to closure.

You may make an unlimited number of withdrawals or transfers by mail, messenger, Automated Teller Machine (ATM), or in person.

The MAINTENANCE CHARGES for a savings account will be imposed each month. The BASE FEE will be charged if the balance in the account falls below the MINIMUM DAILY BALANCE REQUIRED any day of the month. The PER WITHDRAWAL FEE will be charged for each cash withdrawal in excess of 3 cash withdrawals made over the teller line each month. Transfers to other accounts you own at Peabody State Bank will not count toward this fee. Upon periodic review, accounts under the required minimum balance may be closed at our discretion with any balance being returned to the owner.

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For current interest rate information, click on our Current Rates link.

Savings Account Name Minimum Daily Balance Required Maintenance Charge (Base Fee) Maintenance Charge
(Per Withdrawal Fee)
Child's Savings
(under 18 years old)
$10.00
$1.00 / month
$1.00 over 3 / month
Regular Savings
$100.00
$1.00 / month
$1.00 over 3 / month

Business Savings

$100.00
$1.00 / month
$1.00 over 3 / month

For a detailed disclosure on any account listed above, please Contact Us.

MONEY MARKET DEPOSIT ACCOUNT

Our money market deposit account is available to both personal and commercial customers.

During any monthly statement cycle, you may not make more than six withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction. If you exceed the transfer limitations set forth above in any monthly statement cycle, your account will be subject to closure.

You may make an unlimited number of withdrawals or transfers by mail, messenger, Automated Teller Machine (ATM), or in person.

The interest rate paid on this account is based upon your daily balance. A tiered rate structure with the applicable rate and annual percentage yield (APY) can be viewed by clicking on our Current Rates link.

A MAINTENANCE CHARGE of $7.50 will be imposed every statement cycle if the balance in the account falls below $2,500 any day of the statement cycle. This MAINTENANCE CHARGE will be waived if the Average Daily Balance for the statement cycle is $5,000 or greater.

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Peabody State Bank
Peabody, Kansas

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