Statement Savings

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The tried and true savings account. You’ll receive a quarterly statement (or monthly if there is electronic activity to your account) and a variable competitive rate of interest that is compounded and paid every quarterly statement cycle. You can open this account with as little as $25 and make unlimited deposits and withdrawals in person. Pre-authorized debits are limited to six per statement cycle. A low monthly maintenance fee will apply if your minimum balance falls below $200 (fee does not apply to minors and students 25 years old or younger).

FDIC's Electronic Deposit Insurance Estimator (EDIE) lets consumers and bankers know, on a per-bank basis, how the insurance rules and limits apply to a depositor's specific group of deposit accounts—what's insured and what portion (if any) exceeds coverage limits at that bank. EDIE also allows the user to print the report for their records.

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River Valley State Bank

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Statement Savings

Statement Savings