Teutopolis State Bank

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Savings & CDs

Whether you're saving for a new home, retirement, your child's education, or simply a rainy day, we have a Savings Account or Certificate of Deposit to suit your needs. Our customers can choose from a wide variety of savings accounts designed to meet every savings goal. For more information about our savings accounts, select the category of your choice below. Give us a call, email us, or just stop in and we'll be happy to talk with you about your savings goals.

Passbook Savings Account                          Health Savings Account (HSA)                     Certificates of Deposit (CDs)
Money Market Account                               Christmas Club                                           ATM Card
Money Market Plus Account                         IRA

Passbook Savings Account
Savings is an important part of building a strong and secure financial future. Our personal savings accounts include:

Interest bearing account
Interest compounded daily
Quarterly statement provided
ATM Card available

*Minimum deposit of $100 to open; 18 yrs or younger $25 to open
*Certain types of withdrawals may be limited.

Money Market Account
An MMA account is perfect for those who want a higher market rate while retaining liquidity.

Opening deposit requirement of $2,500
Variable interest rate
$500 minimum withdrawal
Unlimited deposits, plus up to 6 free withdrawals/transfers per month

Money Market Plus Account
MMA Plus is a premier investment account, offering a way to earn a higher rate of interest on your funds.

Opening deposit requirement of $10,000
Variable interest rate
$500 minimum withdrawal
Unlimited deposits, plus up to 6 free withdrawals/transfers per month

Health Savings Account (HSA)
Have you considered a Health Savings Account (HSA)? This tax exempt account is established exclusively for the purpose of paying qualified medical expenses for high deductible health insurance policies.

Interest Bearing Account
Variable Interest Rate
No Minimum Balance
Debit Card Available

Christmas Club
We can help you save all year for those holiday and year end expenses. The Christmas Club account grows throughout the year through your own deposits and through interest accruing on the account. The bank automatically sends you a check around November 1st for the account balance - just in time to start serious Christmas shopping. Call or stop by the bank today and ask one of our account representatives for more details.

IRA
Secure your future by saving with an Individual Retirement Account. An IRA is a savings plan to help you save money for retirement.
Traditional IRA: the money you invest is tax deductible, but the money you take out at retirement will be taxed at the then-current rate.
Roth IRA: the money you invest is not tax deductible, but at retirement, earnings can be withdrawn tax-free.
In simpler terms, money in a Roth IRA is taxed at the front end, while money in a traditional IRA is taxed at the back end.

Certificates of Deposit
You can earn the higher yields of our CDs if you have money you can invest for a specific period of time. We offer time deposits with a variety of maturities to meet your individual investment needs.
*Federal regulations require us to impose a penalty for early withdrawal of a time deposit.
Please ask us for current rates and minimum deposit requirements on all of our savings plans.

Click here to see our current rates

ATM card
With an ATM Card, access to your savings account is easy, convenient and free of charge at one of our Automated Teller Machines (ATMs). Our participation in the Visa network makes it possible to access your accounts from thousands of locations nationwide.