Personal Solutions

We offer a variety of Checking and Savings Accounts to best suit your personal needs.

Checking Accounts:

Economy/Student Checking:

• $50.00 to open
• No minimum balance requirement
• $.25 fee for any debit item (check) over forty (40) presented during a cycle

$250.00 Minimum Checking with Passbook Savings:

• $250.00 minimum balance to avoid the imposition of fees
• No fee for falling below $250 if you have a savings account with $2000 in same name and SS# as checking acct.

Senior Checking (Age 55 & older):

• $50.00 to open
• No minimum balance requirements

Now Account:

• $900.00 to open
• Maintain balance of $900.00 daily to obtain the disclosed annual percentage yield
• $900.00 minimum daily balance to avoid the imposition of fees

Gold Star Club Checking:

• $50.00 to open
• No minimum balance requirement
• Unlimited check writing
• Free medium safe deposit box for first year
• Interest benefits, travel benefits, and health benefits.
• $6.99 monthly club charge - $4.99 for Gold Star 55 & over
  
• Stop in or call for a separate brochure of details of Club Benefits

Money Market Interest Checking:

• $2000.00 to open
• Maintain $2000.00 balance daily to obtain the disclosed annual percentage yield
• No fee unless the daily balance falls below $2000.00

Savings Accounts:

A regular savings plan is the best way to achieve financial stability. Add to your savings account on a regular basis by setting up an automatic funds transfer.

Passbook Savings:

• $50.00 to open
• $50.00 minimum balance requirement for people 18 years of age and older
• Interest paid quarterly

Money Market Savings:

• $2000.00 to open
• $2000.00 minimum balance requirement
• Interest paid monthly
• $7.00 monthly maintenance fee if daily balance falls below $2000.00

Certificates of Deposit:

Certificates of Deposit are an excellent way to invest your money. Janesville State Bank offers Certificates of Deposit (CDs) with varying maturities and minimum balances to help you manage your money. They come in a variety of terms to meet your needs, from 3 to 60 months.

Interest earned on your Certificate of Deposit may be paid to you in various ways, such as compounding the interest annually to the certificate, crediting an existing account or sending you a check.

Individual Retirement Accounts

An IRA (Individual Retirement Account) is a great way for an individual to save for retirement. Funds from an IRA can be used to supplement government income (Social Security) and income from an employer’s pension fund. Open an IRA today with as little as $100 and start saving for the future.

Traditional IRA

• Allows you to defer taxes on the earnings of your contributions until they are withdrawn.
• Certain contributions are tax deductible in the tax year for which they are made.
• Tax deductibility is dependent upon earnings and marital status.

Roth IRA

• The Roth IRA allows only nondeductible contributions and features tax-free withdrawals for certain distribution reasons after a five-year holding period.

SEP Plans

• A simplified employee pension (SEP) uses a traditional IRA as the investment vehicle.
• An employer or self-employed individual makes contributions.
• The employer receives a tax deduction.
• Contribution is non-taxable income to the employee until withdrawn from the IRA.

Coverdell Education Savings Accounts (CESA)

• Tax-free withdrawals may be made to pay qualified elementary, secondary, and higher education expenses.
• Contribution limit of $2,000.00 per year per child
• Contributions up to the limit can come from a combination of individuals.

Please contact us for our current rates at (507) 234-5108 or jsb.info@janesvillestatebank.com