Insured Money Market
Minimum opening deposit $1,500.00
$7.00 monthly service charge if balance falls below $1,500.00
Six transfers per statement cycle
Free Logo checks, internet banking, telephone banking
Interest rate varies depending on balance
NOW Account
Minimum opening deposit $1,000.00
$7.00 monthly service charge if balance falls below $1,000.00
Free Logo checks, internet banking, telephone banking
No fee for Visa® travelers checks
Interest rate is variable (not available for corporations or partnerships)
Business Checking
Minimum opening deposit $100.00
After first statement cycle, $10.00 service charge if balance falls below $2,000.00
200 items per month free - .50¢ per item over 200
Free Internet banking, telephone banking
Business Money Market
Minimum opening deposit $1,500.00
$7.00 monthly service charge if balance falls below $1,500.00
Six transfers per statement cycle with no more than 3 by check or draft
Free Logo checks, internet banking, telephone banking
Interest rate is variable
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Savings
Statement Savings
Minimum opening deposit $100.00
$2.00 monthly service charge if balance falls below $100.00
3 withdrawals per month free - $1.00 for each withdrawal over 3
Interest rate variable
Young Savers (must be under 19 years of age)
Minimum opening deposit $25.00
$1.00 monthly service charge if balance falls below $25.00
3 withdrawals per month free - $1.00 for each withdrawal over 3
Cash Bonus with A/B report card! Please contact Personal Banker for further details.
Interest rate variable
Additional Information:
Rate Information – Your interest rate and annual percentage yield may change.
Frequency of rate changes – We may change the interest rate on your account at any time.
Determination of rate – At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency – Interest will be compounded every quarter. Interest will be credited to your account every quarter.
Effect of Closing an account – If you close your account before interest is credited; you will not receive the accrued interest.
Daily balance computation method – We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual of interest on non-cash deposit – Interest begins to accrue on the business day you deposit non-cash items (for example, checks).
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Loans
Consumer Loans
If you are in the market for a new automobile or boat, vacation or education, Central State Bank can provide installment loans with competitive rates and payments. Feel free to come by and speak with our lending officers about rates and terms.
Business Loans
Shelby County is growing and so are business opportunities. Expand your business with a business loan from Central State Bank. We offer a variety of financing plans to suit your particular business needs.
Mortgage Loans - Click here to the left to be taken to our Mortgage Company page.
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Services
Automated Clearing House (ACH)
Create your own pre-authorized payment plan for mortgage payments, utilities, insurance and other recurring monthly payments. Avoid the inconvenience of writing checks and mailing payments. Automatic payments and transfers can be established for any dollar amount.
Direct Deposit
Gain an extra measure of security and deposit Social Security checks, government checks, and retirement or payroll checks directly into your account. Your funds will be available for immediate use once received.
ATM 24 Hour Banking
Access funds from your checking or savings account anytime, day or night, with a Central State Bank ATM card or Central State Visa® Debit Card.
Night Depository
Make deposits during evening hours, holidays and weekends with our drive-up depository.
Safe Deposit Boxes
Safeguard your valuables and important documents with a safe deposit box at Central State Bank. Several sizes are available for a minimal yearly charge.
Wire Transfer Funds
You can send funds quickly and easily from one bank to another with our wire transfer service.
Money Orders/Officers Check
When personal checks are not acceptable purchase a money order or officers check from Central State Bank.
Telephone Banking
Access your account 24 hours a day by calling (205) 668-0774. You can check balances, Verify cleared checks, and make transfers.
Bill Pay/Internet Banking
For more information regarding our bill pay and Internet banking, contact one of our Personal Bankers.
Merchant Services
Visa®/MasterCard® services are offered for customers who accept credit/debit cards in their place of business.
Visa® /MasterCard® Credit card applications are available for all of our customers
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Your Business. Your Family. Your Community. We are YOUR Bank.
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