Top Ten Reasons to Bank
with State Bank of Alcester

1. Free Stuff – Free Internet Banking, Free Bill Pay, Free E-statements, Free Debit Card¹,Free Telephone Banking, No Annual Fee Visa and much more!

2. Higher IRA Rates – Our IRA rate is .50 percent higher² than a CD so your money will grow faster. Plus our IRAs have no setup fee or annual fee.

3. CHIP Loans – Rates as low as 1.9% APR³ for improvement, repair or addition to your home, and we’re one of only 10 banks in South Dakota to offer these.

4. Prime Visions Club – Ages 50 and over receive free checks, free photocopies, free cashier’s checks, free key registration, monthly planned events and more.

5. CD Rates on a Savings Account – Our Best Deal Savings Account⁴ allows you to get CD rates on monthly deposits as small as $25.

6. Upgrade CD – With our 18-month Upgrade CD, you can increase your rate once anytime during the term of your CD.

7. 0% APR Credit Card – All new SBA Visa credit card customers receive 0% APR⁵ for six months on all balance transfers and purchases.

8. Business Checking Without All the Charges – No per check charges, no monthly fee, no transaction limits and lots of free services.

9. Relationship Rates - Get Relationship Rate increases up to 1.25% on all your CDs and IRAs based on the aggregate amount in all your accounts, including loans, CDs, IRAs, checking, savings, etc. Invest in us, and we’ll invest in you!

10. Friendly, Local Customer Service – We know you by name, not by account number.

You Decide – No matter why you decide to bank with us. We’re sure you’ll feel you made the right decision. Just ask any of our customers.

¹ Debit card subject to qualification.
² There may be a penalty for early withdrawal. Fees may reduce earnings.
³ Annual Percentage Rates (APR) for CHIP loans depend on income and county of residence. Rates range from 1.9% APR to 5.9% APR. This program is offered in partnership with the South Dakota Housing Development Authority. Loan must meet standard Lender underwriting guidelines and is subject to approval. Properties must be owner-occupied, single-family and located in South Dakota. Other conditions may apply.
⁴ A minimum balance of $500 or $25 monthly automatic deposit is required until balance reaches $500. There may be a penalty for early withdrawal. Fees may reduce earnings.
⁵Subject to credit approval. Fixed rates after six months of 9.50% APR on purchases and 14.50% APR on cash advances are subject to change and determined by card issuer. $3 cash advance fee. $15 late payment fee. $15 over-the-credit-limit fee. If any payments are late on this account -- even one day -- more than one time OR at any time the balance of this account exceeds the credit line, your APR would immediately be raised to 13.50% on purchases. If you are late more than three times OR are more than 30 days late more than one time, your APR would immediately be raised to 16.50%.
⁶ There may be a penalty for early withdrawal. For aggregate balances between $25,000 and $49,999.99, customers get a .25% increase on CDs and a .50% increase on IRAs. For aggregate balances between $50,000 and $74,999.99, customers get a .50% increase on CDs and IRAs. For aggregate balances between $75,000 and $94,999.99, customers get a .75% increase on CDs and IRAs. For aggregate balances between $95,000 and $194,999.99, customers get a 1.00% increase on CDs and IRAs. For aggregate balances between $195,000 or greater, customers get a 1.00% increase on CDs and IRAs.