Accounts

What account is in my best interest ?

What ever you’re checking or savings account needs are, Security State Bank has one that is right for you! For more information contact us at 405-257-5411 (Wewoka) or 405-303-2265 (Seminole).

Senior Checking Account

Requirements

Minimum balance to open $100.00.
You must be 55 or over to open this account.

Benefits

No monthly maintenance charge and free Senior Club checks.
Check Images provided.
No transaction limitations apply to this account

Cost

ATM/Debit card $5.00
ATM/Debit cardreissue / renewal fee $5.00.
ATM/Debit card maintenance fee, $1.00 per statement cycle.
If checks other than Senior Club are selected, fee will vary by style of check ordered.

Student Checking Account

Requirements

Minimum balance to open $100.00.
Must be a full – time student (12 hrs. or more).

Benefits

No monthly maintenance charge
Check images provided

Cost

ATM/Debit card $5.00
ATM/Debit card reissue / renewal fee $5.00.
ATM/Debit card maintenance fee, $1.00 per statement cycle.
A per item fee of $.20 will be charged for each debit transaction in excess of 15 during a monthly statement cycle.
Check printing fees vary by style of check ordered.

Care Free Checking Account

Requirements

Minimum balance to open $100.00.
Must be eighteen years old or older to open this account.

Benefits

No monthly maintenance charge
No minimum balance must be maintained
Check images provided
No transaction limitations apply to this account

Cost

ATM/Debit card $5.00
ATM/Debit card reissue / renewal fee $5.00.
ATM/Debit card maintenance fee, $1.00 per statement cycle.
Check printing fees vary by the style of check ordered.

Security Bank Club Account

Requirements

Minimum balance to open $100.00.

Benefits

Free Club Checks, free small safe deposit box, free cashier checks and money orders.
Accidental Death Insurance Policy
Limited free copies made
No transaction limitations

Cost

ATM/Debit card $5.00
ATM/Debit card reissue / renewal fee $5.00.
ATM/Debit card maintenance fee, $1.00 per statement cycle.
Maintenance fee of $8.50 will be charged each monthly statement cycle.
Fee for other checks selected will vary by style of check.

Security Bank Club Plus NOW Account

Requirements

Minimum balance to open $100.00.
You must maintain a minimum daily balance of $1,000.00 in the account each day to obtain the current annual percentage yield.
You will earn interest for every day during the period that your account equals or exceeds the minimum daily balance requirement.

Benefits

Benefits of a Club Account while earning interest per minimum balance of $1,000.00.
Free Club Checks, free small deposit box, free cashier checks and money orders
Accidental Death Insurance Policy
Limited free copies
No transaction limitations

Cost

ATM/Debit card $5.00
ATM/Debit card reissue / renewal fee $5.00.
ATM/Debit card maintenance fee, $1.00 per statement cycle.
Maintenance fee of $10.50 will be charged each monthly statement cycle.
No charge for club checks. Fee for other checks selected will vary by style of check.

Variable Rate Information:

The interest rate and annual percentage yield may change at our discretion. We may change the interest rate on the account monthly. If you close your account before interest is credited, you will not receive the accrued interest.
We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit noncash items (for example) checks. There are no maximum or minimum interest rate limits for this account. For current rate information contact us at (405)257-5411.

NOW Account

Account for consumers who want a return on their funds and yet need the use of their money on a daily basis.

Requirements

Minimum balance to open $100.00.
You must maintain a minimum daily balance of $1,000.00 in the account each day to obtain the current annual percentage yield.
You will earn interest for every day during the period that your account equals or exceeds the minimum daily balance requirement.

Cost

ATM/Debit card card $5.00
ATM/Debit card reissue / renewal fee $5.00.
ATM/Debit card maintenance fee, $1.00 per statement cycle.
A maintenance fee of $8.50 per month will be charged each statement cycle.
A per item fee of $.20 will be charged for each debit transaction (check paid, automatic transfer, ATM or payment out of this account) in excess of 15 during a statement cycle.
Check printing fees vary by the style of check ordered.

Variable Rate Information
The interest rate and annual percentage yield may change at our discretion. We may change the interest rate on the account monthly. If you close your account before interest is credited, you will not receive the accrued interest.
We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit noncash items (for example) checks. There are no maximum or minimum interest rate limits for this account. For current rate information contact us at (405)257-5411.

Super NOW Account

An account that earns variable interest with limited withdrawals.

Requirements

Minimum balance to open $100.00.
You must maintain a minimum daily balance of $5,000.00 in the account each day to obtain the current annual percentage yield.
You will earn interest for every day during the period that your account equals or exceeds the minimum daily balance requirement.

Cost

ATM/Debit card $5.00
ATM/Debit card reissue / renewal fee $5.00.
ATM/Debit card maintenance fee, $1.00 per statement cycle.
A minimum balance fee of $8.50 will be imposed every statement cycle if the balance falls below $5,000.00 any day during the statement cycle.
A per item fee of $.20 will be charged for each debit transaction (check paid, automatic transfer, ATM or payment out of this account) in excess of 15 during a monthly statement cycle.
Check printing fees vary by the style of check ordered.

Tiered Money Market Account

This account is for the customer who wants the maximum return on their funds and have access to those funds at any time with limited restrictions.

Requirements

Minimum balance to open $100.00.
You must maintain a minimum daily balance of $1,000.00 in the account each day to obtain the current annual percentage yield.
You will earn interest for every day during the period that your account equals or exceeds the minimum daily balance requirement.

Fees and Transaction Limitations

ATM/Debit card card $5.00
ATM/Debit card reissue / renewal fee $5.00.
ATM/Debit card maintenance fee, $1.00 per statement cycle.
A maintenance fee of $5.00 will be charged each monthly statement cycle.
A per item fee of $.20 will be charged for each debit transaction (check paid, automatic transfer, ATM withdrawal or payment out of this account).
Check printing fees vary by the style of check ordered.
During any monthly statement cycle, you may make only 6 withdrawals or transfers to another account of yours or to a third party by the means of a preauthorized or automatic transfer or telephone order or instruction, or by check, draft, debit card or similar order to a third party. If you exceed these transfer limitations, your account may be subject to closure or reclassification by the financial institution.

Variable Rate Information

The interest rate and annual percentage yield may change at our discretion. We may change the interest rate on the account monthly.
The interest rate applied is tiered, based on the daily balance in account.

1,000 to 9,999
10,000 to 24,999
25,000 to 99,999
100,000 & above

Current interest rate and annual percentage yield will be provided at account opening or on request. There are no maximum or minimum interest rates on this account. Interest will be compounded monthly and will be credited to your account monthly. If you close your account before interest is credited, you will not receive the accrued interest.
We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit noncash items (for example checks).

Commercial Checking Account

Requirements

Minimum balance to open $100.00.

Benefits

Designed for business accounts
No monthly maintenance fee if you maintain a minimum daily balance of $5,000.00

Fees and Transaction Limitations:

If balance falls below $4,999.00 $.20 fee per withdrawal item in excess of 30 items.
If balance falls below $999.99 $6.00 maintenance fee per statement cycle plus $.20 fee per withdrawal item in excess of 30 items
Non-sufficient funds $25.00
Overdrafts-per item $25.00
Stop Payments-per item $12.50
Returned (deposited/cashed) check fee $2.50 per item
Dormant Account fee $10.00 per month

Christmas Club Account

A non-interest bearing account. Great for the customer who likes to save for Christmas shopping.

Requirements

Minimum balance to open $5.00.
No withdrawals before club maturity.
No additions made in the last seven days before maturity.

Benefits

Unlimited Deposits.
Check is issued to customer at maturity (November 11th) for the total balance of account.

Cost

An early withdrawal penalty of $10.00 will be imposed if any withdrawals are made before club maturity.

Statement Savings Account

A savings account that earns variable interest rate with limited withdrawals.

Requirements

Minimum balance to open $100.00.
You must maintain a minimum daily balance of $150.00 in the account each day to obtain the disclosed annual percentage yield.

Fees and Transaction Limitations

ATM/Debit card $5.00.
ATM/Debit card reissue / renewal fee $5.00.
ATM/Debit card maintenance fee, $1.00 per month.
A minimum balance fee of $5.00 will be imposed every quarter if the balance in the account falls below $150.00 any day of the quarter.
An excessive withdrawal fee of $2.00 will be charged for each withdrawal in excess of three during a quarterly statement cycle.
Transfers from this account to another account are limited to six per month (for example, preauthorized automatic or telephone transfers).
No transfers by check, draft, debit card or similar order to third parties.

Variable Rate Information

You will earn interest for every day during the period that your account equals or exceeds the minimum daily balance requirements for the quarter.
Interest begins to accrue on the business day you deposit non cash items (for example, checks).
The interest rate and annual percentage yield may change at our discretion.
We will never decrease the interest rate unless we first give you at least 30 days notice in writing.

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