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Ability to Earn Extra Cash

2.00% APY*

No Minimum Balance To Earn Rewards

 

Perfect if you have a balance over $2,500!

Current Grow Statement Cycle

What's Included?

Debit/ATM CardThis is Available
Online BankingThis is Available
Annual Percentage yield2.00% APY*
ATM RefundsUp to $15.00
Minimum Opening Deposit$100.00
Minimum Balance to Earn Interest$0.01
Online Bill Pay1This is Available
Mobile BankingThis is Available
E-statementsThis is Available
Direct DepositThis is Available
Overdraft Protection Available2This is Available
Unlimited TransactionsThis is Available

 

*APY = Annual Percentage Yield

Other Important Disclosures 


1. Online Bill Pay is $5.95 a month. Fee is waived if enrolled in e-statements.

2. Overdraft Protection has a fee of $10 per use.

 

Limit one account per SSN.

Rate information - At our discretion, we may change the interest rates for this account. Tier 1 - An interest rate of 0.150% will be paid only for that portion of your average daily balance that is $20,000.00 or more. The annual percentage yield (APY) for this tier will range from 1.12% to 0.35%, depending on the balance in the account. Tier 2 - An interest rate of 0.250% will be paid only for that portion of your average daily balance that is $10,000.00 or more, but less than or equal to $19,999.99. The annual percentage yield (APY) for this tier will range from 2.00% to 1.12%, depending on the balance in the account. Tier 3 - An interest rate of 1.980% will be paid on the entire portion of your average daily balance that is less than $10,000.00. The annual percentage yield (APY) for this tier is 2.00%. The interest rate(s) and annual percentage yield(s) are accurate as of July 9, 2020. If you would like more current rate and yield information, please call us at (217)857-3166. The interest rates and annual percentage yields may change at any time. Additional Rate Information - When the Grow Checking qualifications are NOT met, the interest rate on your account will be 0.01% and the annual percentage yield will be 0.01%.  When the Grow Checking qualifications are met, the interest rate on your Grow Checking account and corresponding annual percentage yield will be tiered as described in the RATE INFORMATION section. Compounding frequency - Interest will be compounded daily. Crediting frequency - Interest will be credited into this account monthly. Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest. Average daily balance computation method - Interest is calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use to make this calculation is monthly. Accrual of interest on noncash deposits - Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account. Minimum balance to open - The minimum balance required to open this account is $100.00. Deposit limitations - You may make an unlimited number of deposits into your account. Additional Terms - The following additional terms apply to this account: Purpose & Use Expectations: The Grow Checking account is intended to be the accountholder's primary checking account in which payroll transactions and day-to-day spending activities including but not limited to grocery, gasoline, apparel, shopping, dining, sporting and entertainment transactions are posted and settled. Commensurate with the spending activities identified above, we expect the account's debit card to be used frequently throughout each month and for transaction amounts to reflect a wide dollar range. Small debit card transactions conducted on the same day at a single merchant and/or multiple transactions made during a condensed time period particularly near the end of a Monthly Qualification Cycle are not considered normal, day-to-day spending behavior. These types of transactions appear to be conducted with the sole purpose of qualifying for the account's rewards and thus will be deemed inappropriate transactions and will not count toward earning the account's rewards. Teutopolis State Bank reserves the right to determine if the account is being maintained for a purpose other than day-to-day, primary use. Accountholders who persist in making debit card transactions in a calculated and limited fashion in order to meet their monthly qualifications may have their accounts converted to a different checking account or closed altogether. We also reserve the right to convert the account to a different checking account if the account does not have consistent active use over 6 consecutive Statement Cycles. We have the right to close this account at any time, with proper notice. Our decision to close the account will not affect your existing obligations to us including any obligation to pay fees or charges incurred prior to termination. No deposits will be accepted and no checks will be paid after the account is closed. If the account is closed, you will forfeit any rewards that have not been credited to your account. A Teutopolis State Bank check for the remaining balance, if applicable, will be mailed to accountholder at the address indicated on our current records. Upon termination of your Grow Checking account, any optional add-on products/services associated with this account will also be terminated at the same time.  Qualifications: To qualify for "Grow Checking" rates and receive reimbursements on your ATM fee surcharges, you must perform the following during the monthly qualification cycle: *Be enrolled and receive e-statement notice *Have at least 12 debit card purchases post and settle *Have at least 1 ACH debit post and settle Enrollment in electronic services (e.g. online banking, electronic statements) are required to meet some of this account's qualifications. Please contact a Teutopolis State Bank service representative for additional information, details and enrollment instructions. Transactions and activities MUST post and settle to your account during each Monthly Qualification Cycle and may take one (1) or more banking days from the date the transaction or activity occurred to post and settle to an account. "Banking Day" means any business day on which an office of the bank is open to the public for the purpose of carrying out substantially all of its banking functions.  The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts and debit-card transactions processed by merchants and received by Teutopolis State Bank as ATM transactions.  Monthly Qualification Cycle and Monthly Statement Cycle Explanation: "Monthly Qualification Cycle" means a period beginning the first day of the current statement cycle through the close of the current statement cycle. "Statement Cycle" means the period of time for which Teutopolis State Bank provides a summary of the financial activities and transactions that post and settle to the accountholder's account.  If you have met your qualifications for the month, you will receive reimbursements up to $15($4.99 per single transaction) for nationwide ATM fees incurred during the Monthly Qualification Cycle in which you qualified. ATM fee reimbursements will be credited to your account on the first day of your next statement cycle. ATM receipt must be presented for reimbursement of ATM fees of $5.00 or higher. If you believe that you have not been reimbursed the correct amount of ATM fees you must contact us within 30 calendar days after the Statement Cycle where the reimbursement was applicable in order to receive a refund.  Additional Information: No minimum balance is required to obtain the account's rewards. Monthly ACH debit and receipt of electronic statements are conditions of this account. This account is not to be used for commercial purposes and there is a limit of one account per social security number. There are no fees to open or close this account. There are no recurring monthly service charg

 

The USA PATRIOT Act has paved the way for financial institutions to help prevent fraud, identity theft, and the spread of terrorism. It requires financial institutions to obtain more information from an individual or legal entity to help establish identity.

 

Your cooperation is needed when you open a new account or request a loan. You may be asked more questions to establish and confirm your identity. It may also be required for you to provide one or more forms of identification.