Accounts
When you trust your money to a bank, you want to be sure it’s an account that’s right for you. One that gives you the most for what you need. That’s exactly why FNB Tahoka has so many accounts to choose from. From Free Checking to Money Market accounts to Certificate of Deposit, you’ll find the one account that has your best interest at heart. Please call us or come by today to learn about our Business Accounts as well.
Free Checking
A completely free checking account with NO hidden fees, No minimum balance and UNLIMITED check writing.
Benefits
- First Order of Basic Wallet Style Checks are FREE.
- FREE MasterCard Debit Card.
- NO Monthly Service Fees.
- NO Minimum Balance Required.
- UNLIMITED Check Writing Privileges.
Requirements
- $50 Minimum Opening Deposit
Regular Checking
An account with unlimited check writing that allows you to get copies of your items included in your monthly statement.
Benefits
- NO monthly service charge if balance does not fall below $800 during statement cycle.
- UNLIMITED Check writing privileges.
- Images of items ARE returned to account holder.
Requirements
- $200 minimum opening deposit
Cost
- No service charge unless balance falls below $800. If balance falls below $400, a statement cycle service fee of $8 will be imposed. If balance is $400 – $799, a statement cycle service fee of $6 will be imposed.
Interest Checking
An account that pays interest on your balance and provides easy access to your money.
Benefits
- Pays interest on all account balances.
Requirements
- Minimum balance to open – $1000.
Cost
- No service charge unless balance falls below $2000. If balance falls below $1000, a statement cycle service fee of $12 will be imposed. If balance is $1000 – $1999, a statement cycle service fee of $6 will be imposed.
Money Market Savings
An account that pays a higher interest rate on your balance and provides more access to your money than a regular savings account.
Benefits
- NO monthly service charge if balance does not fall below $2500 during statement cycle.
- EARN interest on your hard earned money.
- Images of items ARE returned to account holder.
Requirements
- Minimum balance to open – $2500.
Cost
- No service charge unless balance falls below $2500. If balance falls below $2500, a statement cycle service fee of $15 will be imposed.
- $2 Fee for each withdrawal in excess of six withdrawals per month.
Regular Savings
An account that allows you to save some of your hard earned money while it is making you money at the same time.
Benefits
- NO monthly service charge if balance does not fall below $100 during statement cycle.
- EARN interest on your hard earned money.
- Images of items ARE returned to account holder.
- Persons below the age of 18 are EXEMPT from the minimum daily balance requirement.
Requirements
- Minimum balance to open – $100.
Cost
- No service charge unless balance falls below $100. If balance falls below $100, a statement cycle service fee of $5 will be imposed.
- Quarterly withdrawals are limited to 6 (including telephone/internet transfers).
- Each additional withdrawal during the calendar quarter will carry a $2 charge.
Certificates of Deposit
For your convenience, we offer CDs from 30 days to 24 months.
Benefits
- Option to add to account balance at maturity.
- Option to withdraw funds at the time of maturity without penalty.
Requirements
- Minimum balance to open – $1000.
Other Info
- *Interest rates dependent upon the length of the CD. Interest credited quarterly or at maturity. Current rates are available upon request. Interest rate is subject to change at maturity. Early withdrawal penalties may apply.
Individual Retirement Accounts
We offer fixed and variable rate IRAs. The length of our IRAs are 18 months.
Benefits
- Fixed Rate IRA:
Option to add to account balance at maturity.
Option to withdraw funds at the time of maturity without penalty. - Variable Rate IRA:
Option to add account balance at any time (weekly, monthly, quarterly, annually, etc) in the amounts of as little as $25 each.
Option to withdraw funds at the time of maturity without penalty.
Requirements
- Minimum balance to open a fixed rate IRA – $500.
- Minimum balance to open a variable rate IRA – $100.
Other Info
- *Interest credited quarterly. Current rates are available upon request. Interest rate on variable rate IRA is subject to change without notice. Early withdrawal penalties may apply.
All accounts are subject to First National Bank of Tahoka’s fee schedule.