info@myhhsb.com

 

 

FDIC

550 17th Street NW

Washington, DC 20429-9990

877-275-3342

 

Notice of Expiration of the Temporary Full FDIC Insurance Coverage for Noninterest-bearing Transaction Accounts

By operation of federal law, beginning January 1, 2013, funds deposited in a non-interest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor’s accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to thestandard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.

 

The term ”noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest.  It also includes Interest on Lawyers Trust Accounts (“IOLTAs”). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money-market deposit accounts.

 

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

 

 

 

 

 

 

 

 

Rates

Deposit Rates

Deposit Rates

Interest Rate

APY*

Checking Accounts

HHSB Priority Checking

0.05%

 0.05%

HHSB Community Pride

0.15%

 0.15%

Savings Accounts/Money Market Accounts

HHSB Simple Savings

0.10%

0.10%

HHSB Basic Business Savings

0.10%

0.10%

HHSB Direct Savings

Tier I: $0.01 - $4,999.99

Tier II: $5,000 & Above

0.10%

0.15%

0.10%

0.15%

HHSB Business Manager Savings

Tier I: $0.01 - $4,999.99

Tier II: $5,000.00 - & Above

0.10%

0.15%

0.10%

0.15%

HHSB Priority Money Market

Tier I: $0.01 - $2,500.00

Tier II: $2,500.01 - $10,000.00

Tier III: $10,000.01 - $50,000.00

Tier IV: $50,000.01 - $100,000.00

Tier V: $100,000.01 & Above

0.05%

0.10%

0.15%

0.20%

0.20%

0.05%

0.10%

0.15%

0.20%

0.20%

HHSB Business Money Market

Tier I: $0.01 - $2,500.00

Tier II: $2,500.01 - $10,000.00

Tier III: $10,000.01 - $50,000.00

Tier IV: $50,000.01 - $100,000.00

Tier V: $100,000.01 & Above

0.05%

0.10%

0.15%

0.20%

0.20%

 

0.05%

0.10%

0.15%

0.20%

0.20%

--fees could reduce the earnings on the account--

Certificates of Deposit

91 Day**

0.10%

0.10%

6 Month**

0.16%

0.16%

1 Year**

0.26%

0.26%

2 Year**

0.40%

0.40%

3 Year**

0.65%

0.65%

4 Year**

1.16%

1.16%

5 Year**

1.21%

1.21%

Individual Retirement Accounts

12 Month

0.30%

0.30%

18 Month

0.40%

0.40%

30 Month

0.65%

0.65%

66 Month

1.25%

1.25%

Kids/Student Accounts

HHSB Kid's (under age 12)

0.10%

0.10%

HHSB Student Saver (age 12- college)

0.10%

0.10%

HHSB Kids 18 Month Certificate of Deposit

0.35%

0.35%

* Annual Percentage Yield

** $1,000.00 minimum To Open an Account

An early withdrawal penalty may be imposed on Certificates of Deposit

and Individual Retirement Accounts.

 

Effective date 09/14/12

Rates subject to change at anytime.


 

Back to Top

Hoosier Heartland State Bank
Privacy Policy | Terms of Use | USA PATRIOT Act

NOTICE: Hoosier Heartland State Bank is not responsible for and has no control over the subject matter, content, information, or graphics of the web sites that have links here. The portal and news features are being provided by an outside source - The bank is not responsible for the content. Please contact us with any concerns or comments.
© 2010 Hoosier Heartland State Bank . All Rights Reserved. Website designed by ProfitStars. FDIC EHL