Personal Savings

Savings Image

 

Save Today For All Your Tomorrows.

Whether you want to save for a big purchase or just for a rainy day, Home State Bank has a complete range of savings accounts to fit your needs. A penny saved is a penny earned, start saving today.


Savings Account Options
All of our savings accounts include:

  • You may make six (6) transfers from your account to another account of yours or a third party including transfers by check, debit card, telephone, the internet, ACH or overdraft protection per monthly statement cycle or per four week period.
  • Complimentary Online Banking with Bill Pay for 24-hour access.
  • Complimentary Mobile Banking gives you the freedom to access account information, transfer money, pay bills from a cell phone or mobile device.
  • Complimentary eStatements secure online, electronic versions of your account statements that you can view, search, save and print at your convenience.
  • Popmoney® (Pay Other People) you can send and receive money using our online banking site. It's just that easy 

 

Personal

Savings Accounts

Kids Club Savings

Regular
Savings

Money Market Savings

Money Checking

Money Checking Premier Plus

 

Opening Deposit

$25.00

$100.00

$1,000.00

$5,000.00

$25,000.00

Minimum Balance
To Avoid A Service Charge

N/A

$50.00

$1,000.00

$5,000.00

$5,000.00

Service Charge
If Below Minimum

N/A

$4.00 per month or four week period

$10.00 per month or four week period

$12.00 per month or four week period

$12.00 per month or four week period

Interest

Variable Rate

Variable Rate

Variable Tiered Rate

Variable Tiered Rate

Variable Tiered  Rate

Minimum Balance
To Earn Interest

N/A

$100.00

N/A

N/A

N/A

 Checks

N/A

N/A

N/A

Free

Free

Age Criteria

Yes, under 18

 

N/A

N/A

N/A

N/A

 

Disclosure: Additional fees may apply.  Account terms are subject to change.

 

View Personal Banking Brochure
 

 

 

Retirement Savings Account Options
 

Looking for short-term or long-term options to earn more competitive rates on your money? A Certificate of Deposit or an IRA with Home State Bank could be the right fit.
 

Certificate of Deposit

  • $2,500.00 Minimum Opening Deposit.
  • Automatic renewal standard for your convenience.
  • Maturity options as short as 91 days up to 36 months.
  • Ask about our rates and terms.
     

Individual Retirement Accounts

  • Traditional IRA is a tax-deferred personal retirement account. 
    • Annual contributions
    • Earnings grow tax deferred
    • May receive a tax deduction for contributions

 

  • Roth IRA is an after-tax personal retirement account.
    • Allows you to invest after-tax dollars now.
    • Receive the growth of tax-deferred earnings
    • “Qualified withdrawals” of earnings may be made with no tax or penalty incurred. 
    • No mandatory distribution age.

 

Ask about our competitive rates and terms.

 

Call Home State Bank to find out the current rate information for Certificate of Deposits and IRA’s:
Willmar 320-231-1118; Cosmos 320-877-7211, Litchfield 320-593-2001 and Hutchinson 320-234-9988