State Bank Preferred Account

The State Bank Preferred Account is designed for the sophisticated saver. It offers many of the advantages of a CD combined with the flexibility and liquidity of a Money Market Account.

A rate like a CD, with no penalty for early withdrawal

The State Bank Preferred Account offers a way to select the competitive tiered interest rate you will earn on the balance you choose to keep in your account.

Only $10,000 to Open

The minimum to open the State Bank Preferred Account is only $10,000. Interest earned on this account is compounded and credited monthly, with rates set at the beginning of each calendar month.

Additions and Withdrawals*

Additions will be permitted at any time. One teller withdrawal per month will be permitted. Each additional withdrawal will be assessed a charge of $25. No checks, ATM or ACH withdrawals are permitted.

Minimum Balance

In order to avoid a monthly service fee of $15, a minimum of $2,500 must be maintained in the account at all times.