The State Bank of Viroqua offers a number of vehicles for you to invest your money in. From simple Savings accounts to Money Market Accounts and Certificates of Deposits. All are FDIC insured.
Statement Savings
This savings account offers liquidity and interest. You receive a monthly statement if your account has ATM transactions or preauthorized electronic debits, otherwise you will receive a quarterly statement to reconcile your account. A $50 minimum deposit is required to open the account and the minimum daily balance needed to waive all service charges is $100 (minimums are waived on minor accounts).
Christmas Club Savings
Our Christmas Club Savings provides you with a simple and convenient way to save for gift-giving or holiday entertainment expenses. Choose weekly deposit amounts from $1 to $25. Upon payment of 48 consecutive weekly deposits, we will make the 49th and 50th deposit of the same amount for you. To receive this benefit, you must open your account by May 1st.
Certificates of Deposit
These interest-earning time deposit accounts are available for terms of 91 days, 182 days, 18 months, as well as 1, 2, and 3 years. Minimum required deposit on all certificates is $1,000.00. There may be a substantial interest penalty for early withdrawal. There may be a substantial interest penalty for early withdrawal.
