Personal Banking

Minimum balance to open the account: $100.00

No minimum balance to avoid imposition of fees.

Unlimited check writing.

Rate Information: This is an interest bearing account. Please contact the bank for current rates. No minimum deposit required to open account.

Minimum balance to avoid imposition of fees: A service charge of $10.00 will be assessed each monthly statement cycle if the combined balances in all of your deposit accounts fall below $10,000.00 at any time during your monthly statement cycle.

Benefits: Free VIP Club checks, fee free Cashier’s Checks and Personal Money Orders, photocopy service, free notary service.

Shazam: Lost or Stolen debit card: 800-383-8000.

Shazam Fraud Operations while traveling: 855-219-5399

Shazam dispute resolution: 833-288-1126

Rate Information: This is an interest bearing account with tiered rates. Please contact the bank for current rates.  Minimum deposit to open the account: $100.00

Minimum balance to avoid imposition of fees: $100.00; a $2.00 service charge will apply each month if the average daily balance for the month falls below $100.00. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

Transaction limitations may apply.

Rate Information: This is an interest bearing account with tiered rates. Please contact the bank for current rates.  No minimum deposit required to open account.

No minimum balance to avoid imposition of fees.

Transaction limitations may apply.

Requirements: This account is available to customers 22 years of age and younger. Upon reaching the age of 23, the account will be converted to an EFT Statement Savings Account.

Investor Money Market Account

Rate Information: This is an interest bearing account with tiered rates. Please contact the bank for current rates. Minimum deposit to open the account: $2,500.00.

Minimum balance to avoid imposition of fees: $2,500.00; a service charge of $5.00 will be imposed each monthly statement cycle if the average daily balance for the monthly statement cycle falls below $2,500.00. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

Transfer limitations may apply.

Additional terms: Money Market checks are available upon request.

If you are looking for higher rates to enhance your savings, First State Bank Shannon Polo Lake Carroll offers competitive fixed rates on a wide range of CD terms so anyone can increase their savings with greater earnings to work toward your financial goals. We can help you maximize the CD advantage by staggering your maturity terms with short, medium and long term dates.

• Earn greater interest than regular savings
• Guaranteed interest rate locked for specific length of term
• Terms ranging from 3 months to 60 months

A Health Savings Account (HSA) gives you more control over your healthcare costs. This versatile account works in conjunction with a High Deductible Health plan (HDHP) to pay for qualified expenses of an account holder. Contribute tax-free dollars for medical expenses and earn tax-free interest. Withdrawals are tax-free when used for qualified medical expenses.¹ Funds can be withdrawn at any time. ²

• No Monthly Fee
• Free Online Banking & Bill Pay
• Free Debit Card
• Checks
• Monthly Statement
• Other Fees May Apply ³

Eligibility

• $100 minimum deposit required to open
• No income requirements or limitations
• Must be covered under a qualified, high deductible health plan
• Not enrolled in Medicare
• Cannot be eligible to be claimed as a dependent on another person’s tax return

Contributions

• Contribution limits are set by the IRS. Please visit https://www.irs.gov/ for current limits

Distributions

• You can use your money tax-free at any time for eligible medical expenses
• When you turn 65, the money can be used for non-eligible medical expenses
• The money is subject to income tax, and there are no IRS penalties
• If you are under age 65 and use your money for non-eligible medical expenses, you will be subject to income tax and a 20% penalty
• It is your responsibility to keep records of your expenditures

¹ Consult a tax advisor.
² You can withdraw funds at any time for the purpose. However, if funds are withdrawn for reasons other than qualified medical expenses, the amount withdrawn will be included as taxable income, and is subject to a 20% penalty.
³ Fees may reduce earnings.

We care about your financial future and are dedicated to helping you reach your financial goals. An IRA is a personal, tax-deferred or tax-free investment plan designed to help you save for retirement. Start saving today and make those golden years a little more golden. The sooner you begin, the greater the benefit! We offer three IRA Certificate of Deposit options to fit your needs and lifestyle:

• Traditional IRA
• SEP IRA
• ROTH IRA

Regarding IRAs; First State Bank Shannon-Polo-Lake Carroll can assist you with any 401K Rollovers or IRA Transfers. Schedule time with a customer service representative to learn about the types of IRAs we offer and what will work best for your retirement plan. Please contact the bank today to learn more.

Keep important documents and valuables protected. A variety of box sizes are available and can accommodate just about any need. Please ask a customer service representative for safe deposit box availability and charges.

• Call for wiring instructions
• Domestic and Foreign wires are available
• Fees apply

First State Bank Shannon-Polo-Lake Carroll can assist you with your buy/sell needs for foreign currency. If purchasing foreign currency, the currency will be shipped directly to one of our bank locations for you to pick up.

Customers automatically receive fee FREE ATM ACCESS using their ATM or Visa Debit card at any of ATM locations

If you are using an ATM the First State Bank Shannon Polo Lake Carroll does not own or operate, look for the Privileged Status® logo as well as the Shazam® logo. This will save you from paying the ATM owner/operator fee

• Available 24/7
• All transactions placed in the night deposit vault AFTER 8:00 AM will be processed the NEXT business day (Lake Carroll 8:30 AM)

Available upon request. Minimum fees apply.

Valid Photo ID required. Available at all locations.

• Cash Advance
• Illinois License Stickers

• View account history
• Transfer funds between accounts
• Make loan payments
• Set up account alerts
• And more!

• Pay anyone, anytime, anywhere with no fee
• Schedule one-time or recurring payments

• Get your statement quicker every month and make tax season easier
• Have access to your past statements that are easy to view or print whenever you need them

You should expect friendly and efficient service. You will not only be a customer of First State Bank Shannon-Polo-Lake Carroll, but a member of our family as well. Sound too good to be true? Why not see for yourself. You deserve more out of your bank, so bank with one that cares.

Let us make your account transfer simple. Complete the Simply Switch form and submit automatically to the bank. That’s it!

• Download the FSB Mobile App
• Your money… anywhere life takes you
• Deposit checks from your mobile device

• VISA debit cards / ATM cards
  • First State Bank Shannon-Polo-Lake Carroll offers a Debit Card through the Shazam® it is a product of VISA®, therefore can be used worldwide at any merchant that accepts VISA® debit cards
• Shazam® / Shazam brella™
• Lost or Stolen Cards
  • To report a lost or stolen ATM or VISA® debit card please call any bank location during normal business hours
• After Hours
  • You may call Shazam® 24/7: 800-383-8000

• Fraud
  • If you suspect fraud, you may call Shazam® at 866-508-2693

Shazam: Lost or Stolen debit card: 800-383-8000.

Shazam Fraud Operations while traveling: 855-219-5399

Shazam dispute resolution: 833-288-1126

Let our FSB team gather your assets upon death, create an inventory and distribute the assets per your will. Our services include paying debts, expenses, taxes and filing the required tax returns. We will work closely with your attorney and CPA to assure your legacy is distributed in a timely, professional manner.

A living trust is a legal document created by you (the grantor) during your lifetime. Just like a will, a living trust spells out exactly what your desires are with regard to your assets, your dependents, and your heirs.

By naming FSB as the trustee or successor trustee we will professionally manage your assets and distribute income and principal as needed or required. FSB will meet with you and/or your beneficiaries periodically to review your accounts as well as provide monthly statements. Let us be your team, so you can enjoy your time with your family.

Our services continue after the passing of the grantor of a trust as well. As the trustee or successor trustee, we will professionally manage your assets and distribute your legacy in a timely, professional manner. FSB will meet with your beneficiaries periodically to review your accounts as well as provide monthly statements.

A service for personal, business, and non-profit endowment assets. Allowing the trust department to professionally manage the assets placed into the account.

• Tailored portfolio management
• Collection of income and payments to account
• Bill payment
• Safekeeping for assets
• Buy and Sell investments
• Performance & Objective reviews
• Statements of account activities
• Tax information provided to your accountant

Managing a farm can be overwhelming. Let our team at FSB help with rent negotiations & collections. We will also provide assistance for payment of bills such as farm insurance and property taxes.

Also, we can take care of the current farm income beneficiary distributions. Our team will keep you and your beneficiaries informed by providing quarterly statements and having periodic reviews.

Put your mind at ease knowing, by using our service, that you and your family will be taken care of.

This trust is created by court appointment for the management of all property of a disabled adult or for a minor. As Guardian or Trustee of the OBRA, FSB will manage the assets in the trust as well as pay the required bills. This will help relieve the family members and/or friends of the responsibility. In turn, allowing them to enjoy their time with the child or disabled adult.