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Personal Banking

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Personal Banking

Deposits

Personal Checking

  • Minimum opening deposit – $200.00
  • Service charge –
    • Minimum Balance of $0 – $799 = $8.00
    • Minimum Balance of $800 and up = FREE

 

FREE Senior Checking (ages 65+)

  • Minimum opening deposit – $200.00
  • FREE Service charge for 65 and older

 

Advantage Checking

  • Minimum opening deposit – $200.00
  • Service charge – $10.00
  • Unlimited Check Writing / 1 FREE Box of Checks per Year
  • FREE money orders (limit 5 per month)
  • Debit Card Fee – $0.00

*Additional Club benefits found in product brochure.

Senior Advantage Checking (ages 65+)

  • Same as above, except
  • Service Charge – $5.00 for ages 65+

 

Now Account

  • Minimum opening deposit – $2,000.00
  • Minimum balance required to obtain APY as listed – $1,000.00
  • If balance drops below $1,000.00, maintenance feel will be $10.00/month.
  • Interest compounded monthly and credited monthly.
  • Click here for current rates.

 

Regular Consumer Savings

  • Minimum opening deposit – $200.00
  • If balance falls below $200.00, maintenance fee will be $5.00/month.
  • Interest compounded daily* and credited quarterly.
  • If balance falls below $100, interest will not be paid.
  • Semi-annual statement cycle
  • Click here for current rates.

CDs and IRAs

Certificates of Deposit

  • Minimum opening deposit of $5,000
  • Variety of maturity terms ranging from 3 months to 5 years.
  • Competitive interest rates.
  • Interest payable by deposit at your Simmesport State Bank account or ACH to another bank, or by check.
  • The annual percentage yield (APY) assumes that interest remains on deposit until maturity.
  • Early withdrawal penalty for early withdrawal. Penalty may invade principal.
  • Click here for current rates.

 

Individual Retirement Accounts (IRAs)

IRA accounts provide a secure way to build a nest egg for retirement.  We offer a variety of IRA investments including Traditional IRAs, Roth IRAs, Simple IRAs, and Rollover, Direct Rollover and Transfer. It is recommended that you seek tax advice from your Tax Advisor to ensure that you select the IRA that best fits your needs

PLEASE NOTE: If you close your account before interest is credited, you will not receive the accrued interest. Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time.

*The daily balance is determined by the application of a daily periodic rate to the full amount of principal in the account each day.

Consumer Debit and Credit Cards

Consumer Debit Cards

Access your funds 24/7 and make purchases at millions of locations worldwide.  Simmesport State Bank offers VISA branded debit cards printed in house for your convenience.  Enjoy the security of Visa!

For more information please visit our branch.

 

Consumer Credit Cards

We make it easy to choose the credit card that is right for you.  MasterCard Consumer – Low Rate Card or Preferred Points Card.

Consumer Card – Low Rate

Benefits

  • Competitive annual percentage rate (APR).*
  • 24-hour toll-free live customer assistance available at 800-367-7576.
  • Online account information available 24/7 at www.cardaccount.net.
  • Rental car collision damage waiver protection.
  • Unlike some card offers, the APR* for purchases and cash advances is the same. We do not charge a higher rate for cash advances.

Features

  • No annual fee.
  • Low introductory rate for the first six months.*
  • Competitive ongoing APR.*
  • 25-day interest-free grace period on all purchases. No grace period on cash advances.

Fees

Consumer Card – Preferred Points

Benefits

  • Use your Preferred Points Card to earn points that you can redeem for rewards.  Earn one point for each dollar spent, up to 10,000 points per month.
  • Redeem your rewards points for cash-back awards, retail gift cards, travel and a wide variety of merchandise including cameras, mp3 players, home theater systems, portable DVD players, sporting equipment, jewelry, luggage, electronics, video game equipment, gift cards and more.
  • 24-hour toll-free live customer assistance available at 800-367-7576.
  • Online account information available 24/7 at www.cardaccount.net.
  • Rental car collision damage waiver protection.
  • Unlike some card offers, the APR* for purchases and cash advances is the same. We do not charge a higher rate for cash advances.

Features

  • No annual fee.
  • Low introductory rate for first six months.*
  • Competitive ongoing APR.*
  • 25-day interest-free grace period on all purchases. No grace period on cash advances.
  • Cash advances can be made for up to 50% of the credit line.
  • To view or redeem rewards points, visit www.mypreferredpoints.com or call 866-678-5191.

Fees

To Apply Now

  • Download the PDF application.
  • Type the information and then print the application (you cannot save the document, so print an extra copy for yourself), or print it and then complete it using a blue or black pen. Paper applications are also available at our local branch office.
  • Fax your completed application to the Card Service Center at 877-809-9162.

Or mail your completed application to:

Card Service Center
PO Box 569120
Dallas, TX 75356-9120
*Please see application for information about current APRs and fees.

Loans

Need a Loan?

Want to add that extra room to the house or looking for a new home? Maybe it is a car, or the kids are ready for college or you just need that vacation! You’re finally ready to start that new business. SSB offers a wide variety of loans to meet the needs of consumers, small businesses, small farms, commercial and retail customers.

Personal Loans

  • Automobiles (new and used)
  • Boat and recreational vehicles (new and used)
  • Real Estate Loans – purchase, refinance, equity, construction and development
  • Home Improvement
  • Mobile Homes
  • Bill Consolidation

 

Simmesport State Bank ( NMLS # 411967 )