Deposit Products

The First State Bank of Olmsted offers a variety of deposit products to meet your needs, including Christmas and Vacation Clubs.  Our accounts now feature Check Imaging, which simplifies reconcilation as well as the need for check storage.  Call us for details.

Certificates of Deposit
$1,000.00 minimum to open  
Interest compounded or checks issued monthly, quarterly, or semi-annually  
Penalty for early withdrawal  
* Add .05% for deposits $20,000 - $49,999  
* Add .10% for deposits $50,000 and over  
Please call for current rates  

 
Basic Checking
$200.00 minimum to open  
Must present two forms of ID, one with picture  
Customers will receive their first box of checks FREE (*select styles available)  

 
NOW Account
$1,000.00 minimum to open  
Must present two forms of ID, one with picture  
Interest-bearing account, please inquire for current rates  
Customers will receive their first box of checks FREE (*select styles available)  

Savings Account
$200.00 minimum to open  
Must present two forms of ID, one with picture  
Interest-bearing account, please inquire for current rates  

* The First State Bank of Olmsted has chosen not to participate in the FDIC's Transaction Account Guarantee Program.  Each depositor is insured up to $250,000 by the Federal Deposit Insurance Corporation. For more information log onto www.fdic.gov.


NOTICE: Contact Us Toll Free(800)624-2265(BANK) or (866)740-3726(FSBO) or email customerservice@firststatebank-olmsted.com for any questions or concerns reguarding this website. Last updated August 8, 2017.