Account Options

Lusk State Bank offers a variety of checking options to fit your personal or business needs. Each of our checking accounts provides the convenience of 24-hour account access through our on-line banking program.

All rates current as of December 7, 2020

Personal Checking

A non-interest bearing account with unlimited check-writing privileges

No minimum deposit required to open account
$4.00 monthly maintenance fee on each account
Maintain a $500 average monthly collected balance to avoid the maintenance fee
Senior citizens and minors are not assessed a maintenance fee
Debit cards are available
Internet banking available

Business Checking

A non-interest bearing checking account for owner-operated, start-up, and small businesses with unlimited check writing

$4.00 monthly maintenance fee on each account per month
$0.20 charge per debit item
$0.20 credit per $100.00 average monthly balance as offset to fees
$100.00 minimum deposit required to open account
Internet banking available

NOW Checking

An interest bearing account with unlimited check writing privileges

0.10% Annual Percentage Yield (0.10% Interest Rate)
$1200.00 minimum required to open
Interest based on average daily balance and credited to the account each monthly statement cycle
Tiered service charge plan:

$1200.00 and over average monthly balance – no charge
$1199.00 to $800.00 average monthly balance -- $3.75 charge and $0.20 per debit over 20 debits
$799.00 to $500 average monthly balance -- $5.25 charge and $0.20 per debit over 20 debits
Under $500.00 average monthly balance -- $7.75 charge and $0.20 per debit over 20 debits

Debit cards are available
Internet banking available

Money Market Checking Account

A tiered interest bearing account designed to pay higher interest rates on accounts maintaining larger balances. Check writing privilege, within limits defined below.

0.10% Annual Percentage Yield (0.10% Interest Rate)
$2,500.00 minimum deposit required to open
Interest based on the average daily balance; compounded and credited to account each monthly statement cycle
Average balance under $2,500.00 accrues interest at a reduced rate of 0.05%
No monthly service charge
6 checks or transfers allowed per statement period – unlimited in-person withdrawal
Internet banking available

Personal Savings Account

An interest bearing account that provides convenient access to funds

0.10% Annual Percentage Yield (0.10% Interest Rate)
$100.00 minimum deposit required to open account
Interest based on average daily balance compounded and credited quarterly
No interest paid if average daily balance for the quarter is below $100.00
Allows 6 debits per statement cycle that are not initiated in person; unlimited in-person transactions
$3.00 fee to close account if open less than 90 day
Internet banking available

Individual Retirement Account (IRA)

An investment opportunity designed to provide for the future

Variety of IRA options – Traditional, Roth, SEP
$500.00 minimum deposit required to open ($50,000.00 minimum deposit for CDARS)
Internet banking account viewing available

Health Savings Account

Interest bearing account used with HSA eligible health insurance policy for tax savings

0.10% Annual Percentage Yield (0.10% Interest Rate)
No minimum deposit
Interest based on average daily balance, compounded and credit to account each monthly statement cycle
Unlimited withdrawals per interest period
$20.00 Annual Fee
Debit card available

Time Deposits: Certificate of Deposit

An investment opportunity with fixed rate of interest for a specific period of time

$500.00 minimum to open
Interest compounded and credited quarterly
Terms of maturity from 3 months to 60 months
Automatic renewal option available
Early withdrawal penalty applies
Internet banking account viewing available

Time Deposit Rates

Term	Annual Percentage Yield<,strong>	Interest Rate
3 Month	0.10%	0.10%
6 Month	0.15%	0.15%
12 Month	0.20%	0.20%
18 Month	0.25%	0.25%
24 Month	0.35%	0.35%
36 Month	0.50%	0.50%
48 Month	0.60%	0.60%
60 Month	0.75%	0.75%

FOR LARGER DEPOSIT PLEASE INQUIRE ABOUT OUR CDARS & ICS ACCOUNTS.

Excellent interest bearing options to optimize FDIC insurance protections for large deposits

Please inquire about these programs if you think they might meet your needs.

** Variable account interest rates may change from time to time as set and announced by the bank. All accounts are subject to regular bank charges for overdrafts, non-sufficient funds and returned checks, stop payment orders, reconciling charges and printed check charges. Such fees could reduce your earnings on the account. Please call (307) 334-2500 for current rate information.**