Petersburg State Bank
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Minimum balance to avoid imposition of fees
- A DDA maintenance fee of $2.00 will be imposed every statement cycle if the balance in the account falls below $200.00 any day of the cycle. This fee will not be charged for senior citizens 65 years of age or older, (if notified by senior citizen), or students (high school or younger).
Fees: A regular DDA per debit charge fee of $.07 will be charged for each debit transaction (withdrawal" check paid, automatic transfer or payment out of this account). You will earn a credit of $.10 for each $100.00 of the lowest balance plus $.01 for each $10.00 of the lowest balance attained during the statement cycle. This earnings credit will be applied to reduce your service charge fees. This fee does not apply for debit card transactions or to senior citizens.


Rate Information - Your interest rate and annual percentage yield may change. Frequency of rate changes. We may change the interest rate on your account at any time.
Determination of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month.
Minimum balance to avoid imposition of fees - A NOW maintenance fee of $10.00 will be imposed every statement cycle if the balance in the account falls below $1,000.00 any day of the cycle.
Average daily balance computation method -We use the average daily balance method to calculate the interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the monthly statement cycle.
Accrual of interest on noncash deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks).
Fees: A per debit fee of $.07 per item will be charged for each debit transaction (withdrawal, check paid, automatic transfer or payment out of this account). This fee will apply if the daily balance requirement of $1,000.00 is not met on any one day during the cycle. This fee will not apply for senior citizens 65 years of age or older, (if notified by senior citizen).


Rate Information - Your interest rate and annual percentage yield may change. Frequency of rate changes -We may change the interest rate on your account at any time.
Determination of rate - At our discretion, we may change the Interest rate on your account.
Compounding and crediting frequency - Interest will be compounded every quarter, Interest will be credited to your account every quarter.
Minimum balance to open the account -You must deposit $10.00 to open this account.
Average daily balance computation method - We use the average daily balance method to calculate the interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is quarterly.
Accrual of interest on noncash deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks).
Transaction limitations: Transfers from a Savings account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per month with no transfers by check, draft, debit card, or similar order to third parties.
Fees: A service charge fee of $2.00 will be charged each quarter. This fee will apply if there are more than six withdrawals in a quarter.


Rate Information - Your interest rate and annual percentage yield may change. Frequency of rate changes -We may change the interest rate on your account at any time.
Determination of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency - Interest will be compounded every quarter. Interest will be credited to your account every quarter.
Average daily balance computation method - We use the average daily balance method to calculate the interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is quarterly.
Accrual of interest on noncash deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks).
Transaction limitations: Transfers from an IRA account to another account or to third parties by preauthorized or automatic transfer are limited to four per month with no transfers by check, draft, debit card, or similar order to third parties.
Fees: An administration fee of $25.00 will be charged for premature closure of an IRA.


Rate Information - Your interest rate and annual percentage yield may change. Frequency of rate changes -We may change the interest rate on your account at any time.
Determination of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency - Interest will not be compounded. Interest will be credited to your account annually.
Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest.
Average daily balance computation method - We use the average daily balance method to calculate the interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is annually.
Accrual of interest on noncash deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks).
Transaction limitations: If any withdrawal is made from this account before the last week of October then this account may be closed.


Auto Loans, Personal Loans, Boat Loans, Recreational Vehicle Loans
How you borrow and who you borrow from are important. Local bankers who know you and know your community can help you choose what's right for you. With a consumer loan from Petersburg State Bank you can finance new and used items. Stop in or contact us now to see about the competitive rates that we offer. With most consumer loans payments are a breeze by setting up an automatic funds transfer so you never have to worry about missing a payment. Also enjoy fast approval and instant loan closing - ability to close your loan within 15 minutes of approval on most consumer loans.


A variety of certificates of deposit are made available by Petersburg State Bank with the following policies applicable to most:
• Certificates are to be issued with a minimum deposit of $500.00.
• Interest rates on new certificates are to be reviewed and set weekly.
• Early withdrawal penalties shall be assessed which shall be the forfeiture of thirty days' interest on certificates with an original maturity of less than one year and the forfeiture of three months interest on certificates with an original maturity of more than one year. Such penalties will not apply in the case of death of the depositor.
• Interest rates on certain certificates may be negotiated on an individual basis, based primarily on other relationships with the bank.


When you deal with Petersburg State Bank you’ll be working with a knowledgeable, seasoned lender.
We offer:
• Ag Real Estate Loans with long term payment plans available and a choice of variable and fixed interest rates.
• Operating Loans with an annual maturity and the option to secure it with real estate.
• Machinery & Equipment Loans offering a choice of terms and either fixed or variable interest rates.
• Livestock Loans with a variety of terms and fixed or variable interest rates.


           
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