Jumbo Money Market and Business Savings
The savings products offered by State Bank of Texas give you the flexibility to set money aside for future purposes or a rainy day—then access those funds as needed. With unlimited deposits, these accounts can help you accumulate funds as often as needed, with transfers available online, by phone, or through mobile banking.
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Jumbo Money Market – 2022 (New Money Deposits only)
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Savings
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| Minimum deposit to open | $100,000 | $100 |
| Minimum daily balance required to earn interest | $100,000 | Interest paid on all balances |
| Monthly service charge | $20 | $7 |
| How to avoid monthly service charge | Maintain average daily balance of $25,000+ | Maintain average daily balance of $200+ |
| Withdrawal limits | Six (6) pre-authorized transactions allowed per statement cycle (statement cycle is considered a 4-week period). A fee of $25 will be applied for each additional debit. | Six (6) pre-authorized transactions or withdrawals allowed per statement cycle (statement cycle is considered a 4-week period). A fee of $1 will be applied for each additional debit. |
| APY* | 4.33%* | .02% |
*Please contact a Customer Service Representative or branch location nearest you for our current rates and Annual Percentage Yield (APY) information. Rates and/or terms and conditions are subject to change at any time, without prior notice at State Bank of Texas’ discretion and/or is required or allowed by law. Fees, withdrawals and/or penalties could reduce the earnings on the account.
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