Оnline Banking Login
| HIGHER LEARNING FUND | ||
| APY | Interest Rate | |
| 4.06 % | 4.00 % | |
| CERTIFICATES OF DEPOSIT | ||
| APY | Interest Rate | Term |
| .90 % | .90 % | 6 Month |
| 1.41 % | 1.40 % | 12 Month |
| 1.81 % | 1.80 % | 24 Month |
(APY=Annual Percentage Yield)
Announcements
FDIC standard insurance level permanently changed to $250,000!
On July 21, 2010, the standard maximum FDIC deposit insurance level of $250,000 became permanent. If you're interested in learning how this change affects you, go to the FDIC's online insurance estimator https://www.fdic.gov/edie/index.html
(Note: if you click the above link, you will leave State Bank of Park Rapids' website)
History on this change: In October 2008, standard deposit insurance was increased from $100,000 to $250,000. The $250,000 level was scheduled to revert back to $100,000 on 12/31/2013.
State Bank of Park Rapids
Instant Cash & Check Card News
On August 15, 2010, a new federal regulation becomes effective that changes how banks handle Instant Cash & Check Card transactions that overdraw accounts of existing customers. (New customers are affected by this change on July 1)
With few exceptions, State Bank of Park Rapids has always declined ATM and debit card transactions when an account does not have sufficient funds to cover the withdrawal at the time of the transaction. This procedure will not change when the new regulation goes into effect, therefore you will not be asked to "opt in" or "opt out" of an overdraft service for ATM or debit card transactions.
If you have any questions regarding this new federal regulation please stop by or call our bookkeeping department at 218-732-3366 ext 128.
Scholarship Award
Johnathan Drury
is the
2010 Scholarship Award Recipient.
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(Jon Smythe, John Drury, Sue Smythe, Marty Peterson)
Congratulations, John!
Temporary Liquidity Guarantee Program
State Bank of Park Rapids is no longer participating in the FDIC's Transaction Account Guarantee Program.
Our customers with noninterest-bearing transaction accounts will continue to be insured for up to $250,000 under the FDIC's general deposit insurance rules.
* * * *
On July 21, 2010, the FDIC standard insurance level was permanently increased to $250,000. See the FDIC’s website for more information, or to calculate your insurance coverage with their electronic deposit calculator EDIE go to https://www.fdic.gov/edie/index.html
(Note: if you click on this link, you will leave State Bank of Park Rapids’ website)
