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Personal Savings

We invite you to review the variety of accounts below and choose what's best for you!

 

Additional Deposit Accounts:

  • Certificate of Deposits (CD) 
  • Individual Retirement Account (IRA) 

1,2,3,4,5If you elect to receive a paper statement, you will be charged a fee of $3 per quarter. Electronic Statements are free.

*Kids Savings Club: Ages 3 to 15 are eligible. An adult must be on the account. All deposits must be made in person. Account earns interest on the entire balance. Interest will vary depending on market conditions. In compliance with the Children’s Online Privacy Protection Act (COPPA), Bank Star does not knowingly collect, use, or share personal information from children under the age of 13 through its website. 

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Personal Account Form

Truth-in-Savings Disclosure on Deposit Accounts
Account Type: GOLDEN PASSBOOK SAVINGS ACCOUNT

Rate Information
Interest will be paid the rate shown below for the entire balance in the account.

If Account Balance is: LESS THAN $25,000
Interest Rate: 0.10%
Annual Percentage Yield: 0.10%

If Account Balance is: $25,000 AND OVER
Interest Rate: .50%
Annual Percentage Yield: .50%

Annual Percentage Yield is accurate as of 07/30/18. Fees could reduce earnings on the account.

Frequency of Rate Changes
Your interest rate and annual percentage yield may change every QUARTER.

Determination of Rate
Subject to change on the first day of each calendar quarter. Notification of any rate changes will be mailed to depositors via U.S. mail, thirty days prior to change.

Compounding and Crediting Frequency
Interest will be compounded QUARTERLY.

Interest will be credited to your account QUARTERLY.

Effect of closing account
If you close your account before interest is credited, you will not receive the accrued interest.

Balance Requirements to Open the Account
You must deposit $25,000.00 to open this account.

To obtain the disclosed Annual Percentage Yield, you must maintain a daily balance of $.01 in the account.

Daily Balance Computation Method
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.

Accrual of Interest on Noncash Deposits
Interest begins to accrue no later than the business day that we receive credit for the deposit of noncash items (for example, checks).

Fees
You may make three withdrawals per quarter at no charge.

There will be a $10.00 fee for each withdrawal over three per quarter

 

Truth-in-Savings Disclosure on Deposit Accounts
Account Type: Platinum Passbook

Rate Information
Interest will be paid the rate shown below for the entire balance in the account.
If Account Balance is: LESS THAN $100,000
Interest Rate: .10%
Annual Percentage Yield: .10%

If Account Balance is: $100,000 AND OVER
Interest Rate: 0.70%
Annual Percentage Yield: 0.70%

Annual Percentage Yield is accurate as of 07/30/18. Fees could reduce earnings on the account.

Frequency of Rate Changes
Your interest rate and annual percentage yield may change every QUARTER.

Determination of Rate
Subject to change on the first day of each calendar quarter. Notification of any rate changes will be mailed to depositors via U.S. mail, thirty days prior to change.

Compounding and Crediting Frequency
Interest will be compounded QUARTERLY.
Interest will be credited to your account QUARTERLY.

Effect of closing account
If you close your account before interest is credited, you will not receive the accrued interest.

Balance Requirements to Open the Account
You must deposit $100,000.00 to open this account.
To obtain the disclosed Annual Percentage Yield, you must maintain a daily balance of $.01 in the account.

Daily Balance Computation Method
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.

Accrual of Interest on Noncash Deposits
Interest begins to accrue no later than the business day that we receive credit for the deposit of noncash items (for example, checks).

Fees
You may make three withdrawals per quarter at no charge.
An excess withdrawal fee of $25.00 will be imposed for each withdrawal in excess of three per quarter.
If the account balance falls below $10,000.00 anytime during the quarterly statement cycle, a $25.00 fee will be imposed.