|Statement Savings||Money Plus/Money Market||Premium Savings||Christmas/ Vacation Club*||Certificates of Deposit|
| Minimum Opening Balance/Minimum
Daily Balance Requirements
|Interest Bearing||Yes||Tiered based on average daily balance||Tiered based on average daily balance||Yes||Based on term/maturity of certificate (30- days to 60- months)|
|Direct Deposit Available||Yes||Yes||Yes||N/A||N/A|
|Automatic Transfer Options Available
|Accessible in person or via ATM and by Telephone or Internet Banking
|Yes||Yes – Also via check (some limitations may apply)||Yes – Some limitations may apply||No withdrawals permitted prior to maturity||No withdrawals are permitted prior to maturity|
|Mobile Capture Deposit||N/A||N/A||N/A||N/A||N/A|
|Other||Monthly statement of account activity with free check safekeeping||Monthly statement of account activity||Penalty assessed for early account closure|
* The Christmas Club pays out in October. The Vacation Club pays out in May.
Individual Retirement Accounts (IRA)
- Traditional IRA
- Roth IRA
- SEP IRA
- Coverdell Education Savings Account (formerly known as “Educational IRA”)
Because each individual investor’s financial situation and retirement plan differs, it is recommended that you seek counsel from your financial advisor or accountant to determine which product is most appropriate for your circumstance. Shelby State Bank’s trained banking staff, as well as SSB Financial Services investment executive, James Stovall, will be happy to work with you to help you reach your retirement goals.
ATM Card Access
Please note that all personal savings accounts are accessible via ATM card. To obtain additional information about ATM card access or to apply for an ATM card, please contact your local banking office. To report a lost or stolen ATM card, please contact your local banking office immediately, during normal banking hours. To register for MasterCard® SecureCode™ click here.
*Note: Please take advantage of our easy to use financial calculators for your savings & interest calculations.
FDIC Deposit Insurance Estimator
For the latest information on FDIC deposit insurance coverage or to estimate your current FDIC deposit insurance coverage, please visit the FDIC (Federal Deposit Insurance Corporation) website at: www.fdic.gov/edie