NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS

All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.

The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, money-market deposit accounts, and Interest on Lawyers Trust Accounts ("IOLTAs"). 

For more information about temporary FDIC coverage of transaction accounts, visit www.fdic.gov.

 

PERSONAL CHECKING

We now offer Free Checking.

• No monthly service fees.
• No per item fees.
• No minimum balance.

Plus.....

• Ask for an ATM Card/Visa® Debit Card application, it adds to the safety and availability of your funds.

SILVER PLUS CLUB CHECKING

If you are 62 years of age or over and want to earn interest, this account is for you.

• Earn daily compounded Super Now interest rates on collected balance. Interest is paid on each statement cycle. Interest rates are established weekly and are subject to change.
• No monthly service charge.
• No charge for personalized generic checks;
• No charge for photocopies.

SUPER NOW INTEREST CHECKING

An account for those who want to earn interest and write unlimited checks.

• $1,000 initial deposit.
• No service charge on average monthly balances exceeding $1,000.
• Unlimited deposits and withdrawals.
• Interest rates established weekly and subject to change.

NOTE: By law, only sole proprietorships, governmental units, and certain nonprofit organizations are eligible for interest checking. For-Profit Corporations, partnerships, and associations may not have an interest-bearing checking account.

MONEY MARKET CHECKING/SAVINGS

This account is for customers who write a limited number of checks and want to earn a higher interest rate.

• High yield interest rates established weekly based on prevailing market rates.
• Minimum initial deposit of $1,000.
• No service charge on average monthly balances exceeding $1,000.
• Maximum of six (6) withdrawals by check or third-party debit per statement cycle.
• Unlimited transactions on over-the-counter, mail, or ATM activity.

NOTE: By law, only sole proprietorships, governmental units, and certain nonprofit organizations are eligible for interest checking. For-Profit Corporations, partnerships and associations may not have an interest-bearing checking account.

SECURITY INVESTMENT ACCOUNT (SIA)

For customers with $10,000 or more who want immedieate access to their funds. SIA accounts earn interest above money market and regular savings rates.

• Minimum initial deposit of $10,000.
• Maximum of six (6) withdrawals by check or third-party debit per statement cycle.
• If average daily balance for the statement cycle falls below $10,000, a $10.00 service charge will be assessed.

RESERVE CHECKING - OVERDRAFT PROTECTION

For customers who want a pre-approved line of credit for emergencies, unexpected needs, or to cover checks until funds are deposited. Ask a loan officer for details.

Check our current Rates.

The Halstead Bank Privacy Policy
Electronic Funds Transfer (EFT) Disclosure
Truth-in-Savings Disclosure
Funds Availability Disclosure
Schedule of Fees and Charges