Contact us about opening an account. It is usually necessary for new customers to establish an account relationship in person. Existing customers can normally establish a new account by mail or otherwise. Our new accounts team constits of Sarah Gonzalez and Cristina Escamilla.
Citizens State Bank has the technology to accurately and efficiently administer your accounts and protect your information. All credits and debits to your accounts are posted at the end of each business day. Your updated account balances are then usually available by 6:30pm through online banking or through Voice Access, our automated telephone system.

Regular Checking Account

Minimum balance to open the account - You must deposit $100.00 to open this account.

Minimum balance to avoid imposition of fees - If your balance falls below $100.00 on any day in the statement cycle we will impose a monthly maintenance fee of $10.00 for that statement cycle.  The monthly maintenance fee will not be imposed if you set up and maintain a Direct Deposit on the account.

Student Account (Must be a full time student)

Minimum balance to open the account - You must deposit $100.00 to open this account.

Benefits:

  • No monthly maintenance fee
  • Unlimited check writing privileges
  • No minimum balance required

Senior Citizens Account

Minimum balance to open the account - You must deposit $100.00 to open this account.

Benefits:

  • No monthly maintenance fee
  • Unlimited check writing privileges
  • No minium balance required
  • $5.00 per year discount on safe deposit box rental

NOW Account

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.

Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest.

Minimum balance to open the account - You must deposit $1500.00 to open this account.

Minimum balance to avoid imposition of fees - A maintenance fee of $10.00 will be imposed every monthly statement cycle if the balance in the account falls below $1,500.00 any day of the cycle.

Minimum balance to obtain the annual percentage yield disclosed - You must maintain a minimum balance of $500.00 in the account each day to obtain the disclosed annual percentage yield.

Daily balance computation method - We use the daily balance method to calculate the interest on your account.  This method applies a daily periodic rate to the principal in the account each day.

Accrual of interest on noncash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).

Fees -  A per check fee of $.25 will be charged for each check written in excess of 30 during a statement cycle.

Money Market Account

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.

Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest.

Minimum balance to open the account - You must deposit $2500.00 to open this account.

Minimum balance to avoid imposition of fees - A maintenance fee of $10.00 will be imposed every monthly statement cycle if the balance in the account falls below $2,500.00 any day of the statement cycle.

Minimum balance to obtain the annual percentage yield disclosed - You must maintain a minimum balance of $1500.00 in the account each day to obtain the disclosed annual percentage yield.

Daily balance computation method - We use the daily balance method to calculate the interest on your account.  This method applies a daily periodic rate to the principal in the account each day.

Accrual of interest on noncash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).

Transaction Limitations - Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per statement cycle with no more than three by check, draft, debit card, or similar order to third parties.

Fees -  A withdrawal fee of $3.00 will be charged for each withdrawal in excess of six during a statement cycle.

Personal Savings Account

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 daily(365).  Interest will be credited to your account quarterly.

Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest.

Minimum balance to open the account - You must deposit $100.00 to open this account.

Minimum balance to avoid imposition of fees - A maintenance fee of $3.00 will be imposed every monthly statement cycle if the balance in the account falls below $100.00 any day of the cycle.

Minimum balance to obtain the annual percentage yield disclosed - You must maintain a minimum balance of $100.00 in the account each day to obtain the disclosed annual percentage yield.

Daily balance computation method - We use the daily balance method to calculate the interest on your account.  This method applies a daily periodic rate to the principal in the account each day.

Accrual of interest on noncash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).

Transaction Limitations - Transfers from a Personal Savings account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per statement cycle with no more that three by check, draft, debit card, or similar order to third parties.

Fees -  A withdrawal fee of $5.00 will be charged for each withdrawal in excess of two during a statement cycle.

Common Features

Please refer to our separate fee schedule for additional information about charges.  We may require not less than 7 days notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D.  Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penalty.  See your notice of penalty for early withdrawal.


Certificates of Deposit (also called Time Deposits)

CD's are the highest yielding deposit accounts we offer.  Maturities of 30 days to two years are available in automatically renewable or fixed maturity types to individuals, businesses, and other organizations.  Large CD's, i.e., those for $100,000 or more are called "Jumbo" CD's.  Interest can be paid by a credit to your checking account, added back to your CD, or by a check mailed to you.
 

$1,000.00 to open CDs under $100,000

$100,000.00 to open Jumbo CD's

Penalty Charges:  Penalties may apply for early withdrawal.

To see rates and yields on CD's, call C.S.B. at 361.771.3391.

Individual Retirement Accounts (IRA's)

IRA's are special savings accounts, qualifying under Internal Revenue Service rules and regulations intended to encourage people to save for their retirement.  Traditional IRA's as well as SEP's, Roth, and Educational IRA's are available.  Minimum annual withdrawals are required beginning at age 70.5 for retirement IRA's.  C.S.B. IRA's are invested in CD accounts.

Penalty Charges:  10% excise tax if withdrawn before age 59.5 (in addition to any early withdrawal charges).

Commercial Checking Account

Monthly Service Fees are based on Account Analysis Format using the following:

  • Average Collected Balance
  • Less Reserve Requirements x Earnings Rate*
  • 365 Days
  • X Number of days in Month = Earnings Credit


 
Earnings Credit:

  • Less: Maintenance Fee of $10.00
  • Less: Number of checks x $.12 cents
  • Less: Number of Deposited Items x $.06 cents
  • Less: FDIC Insurance Coverage
  • Less: Miscellaneous Services
  • Equals Activity Cost

Equals Activity Cost

If the activity cost is equal to or less than the monthly earnings credit there is no service fee for the month.  Earnings credit are not credited to an account nor carried forward to the next month.

 

*Earnings rate is the current money market rate.