Lowry State Bank - Deposits

 As a small town bank, we take pride in the way we provide service to our customers. At Lowry State Bank, we believe in calling our customers by their first name – you will never be “just a number” at our bank. So stop in and let our operations staff help you with all of your deposit needs.

CHECKING ACCOUNTS 

Types Free Checking Preferred Checking Preferred Plus Checking NOW Checking
Who May Have Available to all of our customers. Available to all of our customers. Available to all customers age 55 and up. Available to all customers except for organized entities or entities operated for profit.
Service Charge No monthly service charge. Base monthly service charge of $5.00. NO monthly service charge applies unless the balance in the account goes below $100.00. If at any time during the statement cycle you go below $100.00, there will be a service charge of $5.00 for that month. NO monthly service charge applies unless the balance in the account goes below $750.00.  If at any time during the statement cycle you go below $750.00, there will be a service charge of $7.50 for that month.
Minimum Balance Required No minimum balance required. No minimum balance required. Minimum balance requirement of $100.00 to avoid a monthly service charge. Minimum balance requirement of $750.00 to avoid a monthly service charge.
Images No Images included with your monthly bank statement. Images Included with your monthly bank statement. Images Included with your monthly bank statement. Images Included with your monthly bank statement.
Interest No interest. No interest. No interest. Interest is earned at the current rates in effect based on the average daily balance of the account for the statement cycle.
Please contact any of our employees for a copy of our fee schedule that the Bank maintains.

SAVINGS ACCOUNTS 

Types Regular Passbook Savings Account Money Market Savings Account
Who may have Available to all of our customers. Available to all of our customers.
Minimum balance $10.00 $2,500.00
Interest rate Interest is variable. Interest is variable and the account has a tiered rate structure. The average daily balance of the account during the statement cycle will determine which tier the account will earn for the statement cycle.
Interest earned Interest is calculated using the average daily balance in the account for the quarter. Interest is calculated using the average daily balance in the account for the statement cycle.
Interest compounding Interest is compounded quarterly to the account. Interest is compounded monthly to the account.
Interest rate changes Rates are subject to change after the account has been opened. Rates are subject to change after the account has been opened.
Minimum balance to earn interest No minimum average daily balance is required to earn interest. No minimum average daily balance is required to earn interest but the tiered rate will be determined by the average daily balance for the statement cycle.

CERTIFICATES OF DEPOSIT 

Certificates of deposit provide a safe means for you to meet your savings goals while paying you a higher interest rate than a regular passbook savings account.

We offer the following terms for our certificates of deposit: 3 months, 6 months, 12 months, 24 months, 36 months and 48 months. If a special term is requested it must be approved by an officer of the bank first.

All certificates of deposit earn simple interest and are paid quarterly. The interest can be added to the certificate of deposit or deposited to one of your deposit accounts at our bank. Interest may be withdrawn at anytime but penalties will be applied if you withdraw any of the principal prior to maturity. We pay competitive rates that may be changed daily.

INDIVIDUAL RETIREMENT ACCOUNTS 

It is never too late to begin planning and saving for your retirement. Individual retirement accounts are a simple and convenient way to start saving for the future. We can set up a Traditional IRA or a Roth IRA to meet your retirement needs. You have the choice between our variable rate savings account or our 12 month certificate of deposit account. Stop in and see us for more details.

OTHER DEPOSIT PRODUCTS OR SERVICES

Other Deposit Products Other Deposit Services
Debit Cards (Check Cards) – MasterCard
Credit Cards – MasterCard or Visa
Safe Deposit Boxes
Internet Banking
Wire Transfers of Funds
Bill Pay
Mobile Banking
Direct Deposit
Bank by Mail
Night Depository
Notary Services