Lusk State Bank

Personal Accounts

Lusk State Bank offers a variety of checking options to fit your personal needs. Each of our checking accounts provides the convenience of 24-hour account access through our on-line banking program.

Personal Checking

A non-interest bearing account with unlimited check-writing privileges

  • No minimum deposit required to open account
  • $4.00 monthly maintenance fee
  • Maintain a $500 average monthly collected balance to avoid the maintenance fee
  • Senior citizens and minors are not assessed a maintenance fee
  • Debit cards are available
  • Internet banking available

NOW Checking

An interest bearing account with unlimited check writing privileges

  • $1200.00 minimum required to open
  • Interest based on average daily balance and credited to the account each monthly statement cycle
  • Tiered service charge plan:

o $1200.00 and over average monthly balance – no charge

o $1199.00 to $800.00 average monthly balance -- $3.75 charge and $0.20 per check over 20 checks

o $799.00 to $500 average monthly balance -- $5.25 charge and $0.20 per check over 20 checks

o Under $500.00 average monthly balance -- $7.75 charge and $0.20 per check over 20 checks

  • Debit cards are available
  • Internet banking available

 

Personal Savings Account

An interest bearing account that provides convenient access to funds

  • $100.00 minimum deposit to open
  • Interest compounded quarterly
  • No interest paid if average daily balance for the quarter is below $100.00
  • Allows 6 debits per statement cycle that are not initiated in person; unlimited in-person transactions
  • $3.00 fee to close account if open less than 90 day
  • Internet banking available

  

Money Market Savings Account

A tiered interest bearing account designed to pay higher interest rates on accounts maintaining larger balances. Check writing privilege, within limits defined below.

  • $2,500.00 minimum deposit required to open
  • Interest based on the average daily balance; compounded and credited to account each monthly statement cycle
  • Average balance under $2,500.00 accrues interest at a reduced rate
  • No monthly service charge
  • 6 checks or transfers allowed per statement period – unlimited in-person withdrawal
  • Internet banking available

 Individual Retirement Account (IRA)

An investment opportunity designed to provide for the future

  •  Variety of IRA options – Traditional, Roth, SEP
  • $500.00 minimum deposit required to open ($50,000.00 minimum deposit for CDARS)
  • Internet banking account viewing available

 Health Savings Account

Interest bearing account used with HSA eligible health insurance policy for tax savings

  • No minimum deposit
  • Interest based on average daily balance, compounded and credit to account each monthly statement cycle
  • Unlimited withdrawals per interest period
  • $20.00 Annual Fee
  • Debit card available

Time Deposits

Certificate of Deposit

An investment opportunity with fixed rate of interest for a specific period of time

  • $500.00 minimum to open
  • Interest compounded and credited quarterly
  • Terms of maturity from 3 months to 60 months
  • Automatic renewal option available
  • Early withdrawal penalty applies
  • Internet banking account viewing available

 CDARS and ICS programs

Excellent interest bearing options to optimize FDIC insurance protections for large deposits

 Please inquire about these programs if you think they might meet your needs.

** Variable account interest rates may change from time to time as set by the bank. All accounts may be subject to regular bank charges for overdrafts, non-sufficient funds and returned checks, stop payment orders, reconciling charges and printed check charges. Such fees could reduce your earnings on the account. Please call (307) 334-2500 for current rate information.**