personal banking

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Bancroft e-Checking State Bank e-Checking:

- There is no charge per check or debit paid
- There is no monthly maintenance charge
- You receive your statement by e-mail whenever you want
- Your cancelled checks are safe kept at the bank
- There is a $15.00 charge per check deposited if the check is from a bank outside the USA.

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Budget Checking:

This account is open to business or personal accounts. You do not have to worry about maintaining balances.

- No Minimum Balance
- $3.00 charge per statement cycle
- Limit 10 checks per statement ($.50 per checks over 10)
- Receive copies of your cancelled checks back free of charge

 

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Maintenance Free Checking:

- Unlimited check writing with no per check charge
- No monthly maintenance charge
- No deposit charges
- Free currency and coin orders (up to $10,000 weekly)
- Receive copies of your cancelled checks back free of charge

Please notify us if any of these apply. Limited to one.

Maintain a minimum daily collected balance or one of the following to receive maintenance FREE checking:

- $600.00 in a personal checking account
- $2,500.00 in a personal certificate of deposit
- $2,500.00 in a personal money market account
- $1,000.00 in a personal savings account
- Maintain a first lien Bancroft State Bank real estate loan with automatic payments
- Be a full time student (at least a Junior in high school)
- Maintain direct deposit into your account (social security, railroad, pensions, payroll by employer)

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Senior Free Checking Account:

For those 60 and over and retired/ or 65 and over and not retired

Maintain a direct deposit from your income source with $50 minimum to open

- No Minimum Balance
- No Monthly Service Charge
- Monthly Statement including copies of your original checks
- Free Personal Money Orders
- Free Copies

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Bancroft State Bank offers ULTIMATE Checking, PLUS Checking and CLUB Checking Options:

ULTIMATE Checking: This checking is ideal for anyone who wants to combine the advantages of unlimited check writing privileges and free services including travel club services. Travel club fees and rates are processed interdependently through our travel payment processor. You qualify for this account is you maintain a $2,500.00 or more average quarterly balance in a savings account, $2,500.00 average daily balance in a certificate of deposit, or $20,000.00 or more balance on a Bancroft State Bank real estate loan. The minimum balance to open this account is $50.00.
More details >>>

PLUS Checking: This checking account is ideal for anyone who prefers unlimited check writing privileges. You qualify for this account if you maintain a $1,000.00 or more average quarterly balance in a savings account, $1,000.00 average daily balance in a certificate of deposit, or $10,000.00 or more balance on a Bancroft State Bank real estate loan. The minimum balance to open this account is $50.00.
More details >>>

CLUB Checking: This checking account is ideal for anyone who prefers unlimited check writing privileges without having to worry about maintaining balances. The minimum balance to open this account is $50.00.

The monthly fee to join the CLUB is $8.00
More details >>>

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Certificate of Deposit and IRA Certificates of Deposit:

Bancroft State Bank offers a variety of Certificates of Deposit with a variety of maturities. These Certificates bear interest at a fixed interest rate and have a definite maturity date. If we permit a withdrawal of funds from a Certificate before its maturity date, we may impose a substantial penalty. Minimum opening deposit is $500.00. We offer both traditional IRA and Roth IRA accounts.

- Maturities from 3 months to 4 years
- Interest can compound monthly, quarterly, semi-annually or annually
- Interest can be paid by adding to the certificate, paid by check or paid to an account
- Minimum opening deposit of $500.00

Contact us for more information about these accounts and for current interest rates.

We reserve the right to accept only deposits from our local area.

 

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Christmas Club Account (Specialty Savings):

- Use the account to save for Christmas, taxes, vacations, etc.
- Minimum opening deposit is $10.00
- Club checks are mailed to you in early November
No service charges. Interest rate is variable and posted in our lobbies. Transfers to another account are limited to 6 per month. Interest is accrued on average daily balances and credited to the account on an annual basis. The account has an annual maturity date. If we permit a withdrawal of funds from the account before its maturity date, we may impose a substantial penalty.

1.00% APY* up to $1,000 average daily balance.  0.05% APY* thereafter.

Wedding Registry Account (Specialty Savings):

This is a great new wedding registry option for you and your fiancé.  Whether you are just getting started on your own or are more established and will be merging households, wedding saving can be used for anything and everything you might need to begin your new life together.You can invite friends and family to make gift deposits of any amount instead of having to worry about checks and cash getting lost or stolen inside cards.

Bancroft State Bank will provide you with sample registry cards to share with bridal shower and wedding guests.  We also provide your guests with a gift receipt to place inside your card.

No service charges. Minimum balance to open is $10.00. Interest rate is variable and posted in our lobbies. Transfers to another account are limited to 6 per month. Interest is accrued on average daily balances and credited to the account on a quarterly basis. If the account balance falls below an average daily balance of $10.00 for the quarter, the accrued interest for the quarter will be forfeited.

 0.05% APY*

Baby Registry Account (Specialty Savings):

This is a great new baby registry option for you.  Whether you are just getting started or are more established, baby registry saving can be used for anything and everything you might need to begin your life with your new baby. You can invite friends and family to make gift deposits of any amount instead of having to worry about checks and cash getting lost or stolen inside cards.

Bancroft State Bank will provide you with sample registry cards to share with baby shower invitations and others.  We also provide your family and friends with a gift receipt to place inside your card.

No service charges. Minimum balance to open is $10.00. Interest rate is variable and posted in our lobbies. Transfers to another account are limited to 6 per month.  Interest is accrued on average daily balances and credited to the account on a quarterly basis. If the account balance falls below an average daily balance of $10.00 for the quarter, the accrued interest for the quarter will be forfeited.

0.05% APY*

Graduation Registry Account (Specialty Savings):

This is a great new graduation registry option for you and your family.  Whether you are just getting started on your own or are more established, graduation saving can be used for anything and everything you might need to begin your new life after school.

You can invite friends and family to make gift deposits of any amount instead of having to worry about checks and cash getting lost or stolen inside cards.

Bancroft State Bank will provide you with sample registry cards to share with graduation party invitations and others.  We also provide your guests with a gift receipt to place inside your card.

No service charges. Minimum balance to open is $10.00. Interest rate is variable and posted in our lobbies. Transfers to another account are limited to 6 per month.  Interest is accrued on average daily balances and credited to the account on a quarterly basis. If the account balance falls below an average daily balance of $10.00 for the quarter, the accrued interest for the quarter will be forfeited.

0.05% APY*

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IRA Savings Account:

- No minimum opening deposit
- Make contributions anytime in any amount
- You may transfer your balance to an IRA certificate of deposit when a minimum of $500.00 is reached
- Interest is accrued on average daily balances and credited to the account on a quarterly basis.

0.10% APY*

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Personal Money Market Account and Money Market Premium Account:

We offer money market accounts that maintain higher balances.
More details >>>

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Kids Club Savings Accounts :

- Minimum opening deposit is $25.00 with prizes at certain levels of savings.
- Withdrawals or transfers to another account or to third parties by telephone transfer are limited to six per month
- Interest is accrued on average daily balances and credited to the account on a quarterly basis
- If the account balance falls below an average daily balance of $50.00 for the quarter, the accrued interest for the quarter will be forfeited
- If the account balance falls below a minimum daily balance of $25.00, a $1.00 service charge will be applied monthly

Regular savings for 17 years and above is the same above except you will need to have $100.00 in average daily balance for the quarter to receive interest and $50.00 minimum balance to not receive a $5.00 service charge monthly.

0 .05% APY*

 

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NOW Account :

This account is not available to Corporations, Limited Liability Companies, or Partnerships

- Minimum opening deposit is $2,500.00
- Unlimited check writing
- Interest is accrued on average daily balances and credited to the account on a monthly basis
- If the account balance falls below an average daily balance of $2,500.00, accrued interest for the statement cycle will be forfeited
- If the account balance falls below an average daily balance of $2,000, the business checking charges will be imposed.
- See maintenance free business checking to qualify to waive these charges

0 - $2,499	$2,500 - $9,999	$10,000 and over
0.00%*	0.05%*	0.10%*

Current APY*

Ask about our new E-NOW Account to earn more interest