Deposit Accounts
At Hoosier Heartland State Bank, our deposit accounts are designed to grow with you. As your circumstances change over time, you can easily switch accounts to meet your every need. From our Simple Checking to our Priority Money Market, we have the right account for you. Also, please contact us if you would like to learn about our family of business checking and savings accounts.
- HHSB Simple Checking
- HHSB Direct Checking
- HHSB Priority Checking
- HHSB Checking Account Comparison Chart
- HHSB Simple Savings
- HHSB Direct Savings
- HHSB Priority Money Market
- HHSB Savings/Money Market Comparison Chart
- HHSB Business Basic
- HHSB Business Direct
- HHSB Community Pride
- HHSB Business Checking Account Comparison Chart
- HHSB Business Basic Savings
- HHSB Business Manager Savings
- HHSB Business Money Market
- HHSB Business Savings/Money Market Comparison Chart
- Certificates of Deposit
- Individual Retirement Accounts
- Health Savings Accounts
HHSB Simple Checking
The name says it all. The benefits of unlimited check writing without minimum balance requirements and service charges. It’s that simple.
HHSB Direct Checking
An account specifically designed for the electronic world we live in. Free & unlimited debit card usage (other banks may charge for the use of their ATM’s), Internet banking and ePayment Bill pay are just a few of the many features of this account. If you value convenience then this is the right account for you.
HHSB Priority Checking
Enjoy all the convenience of our Direct Checking account while earning a very competitive rate of interest on your account balance. If you generally keep $1,000 or more in your account or $10,000 in total deposits, this may be the right account for you.
HHSB Checking Account Comparison Chart
|
Checking Accounts |
HHSB Simple Checking |
HHSB Direct Checking |
HHSB Priority Checking |
|
Earns Interest |
No |
No |
Yes |
|
Unlimited Check Writing |
Yes |
Yes |
Yes |
|
Free Checks |
No |
No |
Yes* |
|
Debit Card |
Free |
Free |
Free |
|
Telephone Banking |
Yes |
Yes |
Yes |
|
Internet Banking |
Yes |
Yes |
Yes |
|
ePayment Bill Pay |
$5/Mo. & $.25/Trans |
Free |
Free |
|
Debit Card POS |
$1/Trans. |
Free |
Free |
|
Foreign ATM Trans. |
$1/Trans. |
Free |
Free |
|
Debit Card Replacement |
$5 |
Free - one time |
Free - one time |
|
NSF OD Fees: |
|
|
|
|
Per Item |
$25 |
$20 |
$20 |
|
Max Amount Per Day |
$100 |
$100 |
$100 |
|
|
|
|
|
|
Other Services: |
|
|
|
|
Safe Deposit Box |
Scheduled |
Discounted |
Discounted |
|
Money Orders |
$2 per |
Free |
Free |
|
Cashiers Checks |
$2 per |
Free |
Free |
|
Notary Service |
$2 per item |
Free |
Free |
|
Snapshot Statement |
$5 per |
Free |
Free |
|
Domestic Wire Transfers |
$25 |
$25 |
$25 |
|
Foreign Wire Transfers |
$50 |
$50 |
$50 |
|
Account Research |
$30/hour |
$30/hour |
$30/hour |
|
Free Investment Reviews |
No |
No |
Yes** |
|
HHSB Gold Visa/MC |
No |
No |
Yes*** |
|
Bounce Protection**** |
$300 |
$500 |
$1,000 |
|
Service Charge |
None |
$5/cycle |
$10/cycle |
|
With Direct Deposit |
|
Waived |
|
|
Minimum Bal. to Waive |
|
|
|
|
In Account |
N/A |
$500 |
$1,000 |
|
In Total Deposits |
N/A |
$2,500 |
$10,000 |
|
*Free Checks - Selection may be limited **Free investment reviews - May be subject to frequency & availability ***HHSB Gold Visa/MC - Subject to credit approval ****Bounce Protection - Subject to approval | |||
HHSB Simple Savings
Designed for the “beginner” or “special purpose” saver, this account works well with any of our checking accounts. Account statements are combined with your checking statement for easy tracking of your savings balance.
HHSB Direct Savings
A tiered rate allows your interest rate to increase as your account balance grows. This account works well with HHSB’s Internet banking package and our Direct Checking account.
HHSB Priority Money Market
This account rewards savers who like to stay “liquid” - maintaining full access to their funds, while earning CD comparable rates. 5 rate tiers allow you to maximize your earning potential. HHSB’s Priority checking account is the perfect compliment to this account as transaction limits do apply.
HHSB Savings/Money Market Comparison Chart
|
Savings Accounts |
HHSB Simple Savings |
HHSB Direct Savings |
HHSB Priority Money Market |
|
Minimum Balance |
None |
$500 |
$2,500 |
|
Service Charge if below |
None |
$5 |
$10 |
|
Checking Acct. Required |
Yes |
No |
No |
|
Account Statements |
Combined w/check |
Monthly |
Monthly |
|
Tiered Interest Rates |
None |
Yes |
Yes |
|
As Follows: |
|
|
|
|
Tier I |
Any Amount |
$0 to $4,999 |
$0 to $2,500 |
|
Tier II |
|
$5,000 & Above |
$2501 - $10,000 |
|
Tier III |
|
|
$10,001 - $50,000 |
|
Tier IV |
|
|
$50,001 - $100,000 |
|
Tier V |
|
|
$100,001 & Above |
|
Debit Card Available |
Yes |
Yes |
Yes |
|
Debit Card POS |
N/A |
N/A |
Free |
|
Foreign ATM Transaction |
$1/Trans. |
Free |
Free |
|
Debit Card Replacement |
$5 |
Free - one time |
Free - one time |
|
Check Writing |
No |
No |
Yes |
|
Transaction Limits* |
See Below |
See Below |
6/cycle |
|
Over Limit Fee |
N/A |
N/A |
$5/Item |
|
Free Checks |
N/A |
N/A |
Yes** |
|
Telephone Banking |
Yes |
Yes |
Yes |
|
Internet Banking |
Yes |
Yes |
Yes |
|
ePayment Bill Pay |
N/A |
N/A |
Free |
|
|
|
|
|
|
Other Services: |
|
|
|
|
Safe Deposit Box |
Scheduled |
Scheduled |
Discounted |
|
Money Orders |
$2 per |
Free |
Free |
|
Cashiers Checks |
$2 per |
Free |
Free |
|
Notary Service |
$2 per item |
Free |
Free |
|
Snapshot Statement |
$5 |
Free |
Free |
|
Domestic Wire Transfer |
$25 |
$25 |
$25 |
|
Foreign Wire |
$50 |
$50 |
$50 |
|
Account Research |
$30/hour |
$30/hour |
$30/hour |
|
*During any calendar month, you may not make more than six withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party. **Free Checks - Selection may be limited. | |||
HHSB Business Basic
Designed for the smaller enterprise with limited check writing needs or for businesses that need a second account for payroll, petty cash, etc. This is a simple and inexpensive account to maintain.
HHSB Business Direct
Specifically designed for efficiency, this account allows you to actively “manage” the cash aspect of your business with the addition of Online Cash Management at no extra cost. Set security settings for multiple accounts, direct deposit payroll and pay vendors electronically are just a few of the many unique features of this account. Let your
checking account become one of your best business tools!
HHSB Community Pride
This is an interest bearing account for the non-profit and governmental units that serve our community. Many volunteer hours go into making our community a great place to live. The Community Pride account is a small thank you for all the great work our service organizations provide.
HHSB Business Checking Account Comparison Chart
|
Business Checking Accounts |
HHSB Business Basic |
HHSB Business Manager |
HHSB Community Pride* |
|
Interest Bearing |
No |
No |
Yes |
|
Minimum to Open |
$100 |
$100 |
$100 |
|
Unlimited Check Writing |
No |
Yes |
No |
|
Account Analysis |
No |
No |
No |
|
Service Charge |
.25 per debit after |
$25/cycle |
.25 per debit after |
|
|
50 per cycle |
|
|
|
Minimum to Waive |
|
|
|
|
Minimum Daily Balance |
N/A |
$5,000 |
N/A |
|
Total Deposits |
|
$25,000 |
|
|
Total Relationships |
|
$75,000 |
|
|
(including loans) |
|
|
|
|
Online account access |
Yes |
Yes |
Yes |
|
Cash Management |
$7/Month |
Free |
Free |
|
Remote Deposit |
Yes** |
Yes** |
Yes** |
|
Online Cash Management |
Free |
Free |
Free |
|
ACH Batch Fee |
$5.00 Per |
Free |
$5.00 per |
|
E-payment monthly fee |
$5.00 |
Free |
Free |
|
E-payment tran. Fee |
$0.25/Trans |
Free |
Free |
|
Sweeps available |
No |
Yes |
Yes |
|
Acct. Statements on CD: |
|
|
|
|
Monthly |
$25/Month |
$20/Month |
$20/Month |
|
Quarterly |
$40/CD |
$30/CD |
$30/CD |
|
Semi-annual |
$40/CD |
$30/CD |
$30/CD |
|
Annual |
$40/CD |
$30/CD |
$30/CD |
|
Business Visa/MC*** |
Yes - No Annual Fee |
Yes - No Annual Fee |
Yes - No Annual Fee |
|
Debit Card/POS*** |
$1.00/Transaction |
Free |
Free |
|
Foreign ATM Trans. |
$1.00/Transaction |
Free |
Free |
|
NSF/OD Fees: |
|
|
|
|
Per Item |
$25 |
$25 |
$25 |
|
Max per day |
$100 |
$100 |
$100 |
|
Other Services: |
|
|
|
|
Remote Deposit** Per Transaction |
0.25 |
0.15 |
0.15 |
|
Per Transaction |
0.25 |
0.15 |
0.15 |
|
Monthly Fee |
$50 |
$50 |
$50 |
|
One time set up/train |
$100 |
$100 |
$100 |
|
Scanner Cost (Basic) |
$325 |
$325 |
$325 |
|
Message Center Advert. |
N/A |
Quoted Separately |
Quoted Separately |
|
Employee Check Cashing |
Free |
Free |
Free |
|
Employee Assistance Program |
No |
Yes |
Yes |
|
Employee H.S.A.
|
Scheduled Rates Apply |
Free |
Free |
|
*Community Pride - Restricted to Not-For-Profit or Governmental Units **Remote Deposit - Subject to Approval *** - Subject to Approval | |||
HHSB Business Basic Savings
An account to compliment the Business Basic checking account. It is a great way for businesses to segregate and earn interest on excess funds.
HHSB Business Manager Savings
A two tiered account that allows a business to earn a higher rate of interest for larger balances. It is a great account to house sinking funds or to assist the manager/owner in the daily task of managing the cash assets of the business. Adding the Business Manager Savings account to the Business Manager Checking account makes day to day management of operational funds efficient and easy.
HHSB Business Money Market
If your business operates in a high cash flow environment then this account may be the right answer for you. 5 rate tiers allow the account manager/owner to maximize the interest earnings on excess funds. Transaction limits do apply so a complimentary HHSB business checking account is highly recommended.
HHSB Business Savings/Money Market Comparison Chart
|
Business Savings Accounts |
HHSB Business Basic Savings |
HHSB Business Manager Savings |
HHSB Business Money Market |
|
Service Charge |
None |
$10/Month |
$25/Month |
|
Checking Acc. Req. |
Yes |
No |
No |
|
Minimum to Waive |
N/A |
$1,000.00 |
$2,500.00 |
|
Account Statements |
Combined w/check |
Monthly |
Monthly |
|
Tiered Rates |
No |
Yes |
Yes |
|
Tier I |
Any Amount |
$0 to $4,999 |
$0 to $2,500 |
|
Tier II |
|
$5,000 & Above |
$2,501 to $10,000 |
|
Tier III |
|
|
$10,001 to $50,000 |
|
Tier IV |
|
|
$50,001 to $100,000 |
|
Tier V |
|
|
$100,001 & Above |
|
Debit Card Available |
Yes |
Yes |
Yes |
|
Debit Card POS |
$1/Trans. |
Free |
Free |
|
Foreign ATM Trans. |
$1/Trans. |
Free |
Free |
|
Debit Card Replace |
$5 |
Free - One Time |
Free - One Time |
|
Check Writing |
No |
No |
Yes |
|
Check Limit |
N/A |
N/A |
6/statement cycle |
|
Over Limit Fee |
N/A |
N/A |
$5.00/Item |
|
Transaction Limits* |
See Below |
See Below |
6/cycle |
|
*During any calendar month, you may not make more than six withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party. | |||
Certificates of Deposit
With terms as short as 91 days or as long as 5 years, you can earn higher rates of interest by depositing $1,000 or more. At HHSB, we pride ourselves on maintaining extremely competitive rates for our Certificate of Deposit clients. Penalties for early withdrawal apply.
Individual Retirement Accounts
At HHSB, helping clients plan for retirement is a priority. Individual Retirement Accounts designed to supplement your retirement income should be considered in every plan. We offer both Traditional and Roth IRA’s. Please give us a call if you need assistance in developing a retirement plan, rolling over a 401(k) or another IRA to HHSB or selecting
an IRA option that is best for you.
Health Savings Accounts
Troubled by ever increasing medical costs and high deductible health benefit plans? Health Savings Accounts (H.S.A.’s) may be the solution you have been looking for. H.S.A’s are savings accounts that allow you to set aside money on a tax sheltered basis for future medical expenses. Call us for details.
