Average Cycle Balance under $99.99 - monthly fee $5.00
Average Cycle Balance from $100.00 to $499.99 - monthly fee $3.00
Average Cycle Balance over $500.00 - no monthly fee.
Student Checking:
Unlimited check writing
Monthly statements with images of checks
Non-Interest Bearing
Visa Check Card available upon approval
No minimum balance to open or maintain
Overdraft balance protection available
If you are continuing your education after High School, to be considered a Student, you must be enrolled in 12 hours per semester.
Over 65:
Unlimited check writing
Monthly statements with images of checks
Visa Check Card available upon approval
No minimum balance to open or maintain
Overdraft balance protection available
No service charge unless TIP account or interest bearing
NOW Account
Unlimited check writing
No minimum balance to open or maintain
Monthly statements and images of checks
Overdraft balance protection available
Interest is figured on the daily balance
.25 per item for all accounts
Accounts with a daily balance of less than $2500 earn passbook savings rate
Accounts with a daily balance of $2500 or more may earn higher rate on interest
Interest rate is subject to change without notice
Passbook Savings
Interest accrued on daily balance
No minimum balance required
Accessible at ATM's with approved Visa Check Card
Transfer money via phone, online, mail or approved Visa Check Card
Interest rate is subject to change without notice
6 free withdrawals per month, $.50 per withdrawal after the 6 per month
Statements are printed annually unless notified to print quarterly
$2.00 per month for accounts with NO ACTIVITY for two (2) years
Super Savers (MMDA)
No minimum balance to open or maintain
Monthly statements and images of withdrawals and deposits
Interest accrued daily on available balance
6 free withdrawals per month, $.50 per withdrawal after the 6 per month
Accounts with a daily balance of less than $2500 earn passbook savings rate
Accounts with a daily balance of $2500 or more, may earn higher rate on interest
Interest rate is subject to change without notice
Loans:
At the Guaranty, our loan officers have a combined total of over 100 years experience in helping people with their financial needs. Whether it's farm, commercial or personal financing that you need, the Guaranty can help you.
Because we are locally owned and managed, our loan staff can quickly and promptly give you answers to your financial questions and needs. We can customize the financial terms and arrangements to fit your individual situation.
Here is just a sampling of some of the types of loans we offer:
Vehicles
Houses/Rental
Commercial Operations
Grain Facilities
Crop Production
Commercial Land/Building
Livestock/Facilities
Farm Land/Machinery
Farm Operations
Finishing Cattle in Commercial Feedlots
CDs & IRAs
Time CDs
We offer a variety of C.D.'s at The Guaranty. You can invest in a Guaranty State Bank C.D. for as little as 1 month or as long as 60 months! Annabeth Moritz-Nicholson, Asst. Vice President - CD services, or Tami Pruitt, Senior Vice President & Marketing Officer, can tailor a savings plan that is suited for you. The Guaranty's C.D.'s are FDIC insured.
Another unique investment at The Guaranty is our Educational C.D. This is a C.D. that is designed to come due when a child graduates from high school. It can be started at any time and in any amount. Additional deposits may be made whenever you wish. The C.D. earns the highest rate of interest that the bank is paying. The interest rate is subject to change every three years. After the child graduates from high school, the C.D. can be continued as long as they are a student.
E-mail us or stop by the bank soon for details on The Guaranty's C.D.s!
Traditional IRA
Must have earned income and not have reached age 70 1/2 by the end of the year
Taxable years beginning in 2005 through 2007 may contribute a maximum of $4,000.00
In 2008 and after maximum is $5,000.00 to be adjusted annually for inflation in $500.00 increments
Catch-Up (50+Over) from 2006 and after is $1,000.00
Tax-deferred until withdrawal
If active participant in employer retirement plan; contributions are restricted based on adjusted gross income
Contributions up to the limit are tax deductible if you are not an active participant in a retirement plan. Otherwise phaseout rules apply
Required distributions must begin by April following year participant turns 70 1/2
Contributions are not allowed after age of 70 1/2
Coverdell ESA
Designated beneficiary must be an individual under the age of 18. The age 18 limitation will not apply to any designated beneficiary with special needs
Taxable years beginning in 2004 and after may contribute a maximum of $2,000.00 per beneficiary
Contributions do not count against the limit for IRA's
Not taxed. Earnings grow tax-free
Contributions phaseout between $95,000 - $110,000 for singles and married filing separate, and $190,000 - $220,000 for married couples filing jointly
Not tax deductible
Required distributions must be complete 30 days after beneficiary reaches age 30 or dies
Contributions are allowed after age 70 1/2
Roth IRA
Must have earned income
No age restrictions
Taxable years beginning in 2005 through 2007 may contribute a maximum of $4,000.00
In 2008 and after maximum contribution is $5,000.00
Catch-Up (50+Over) from 2006 and after is $1,000.00
Not taxed. Earnings grow tax-free
Contributions phaseout between $95,000 - $110,000 for singles, $150,000 - $160,000 for married couples filing jointly, and $0 - $10,000 for married couples filing separate
Not tax deductible
Required distributions only after the death of the participant
Contributions are allowed after age 70 1/2
VISA CHECK CARDS
The Guaranty State Visa Check Card looks like a credit card, but is actually a check substitute! You can make purchases wherever you see the VISA logo and the amount of your purchase will be deducted from your checking account.
Use it 24-hours a day to access your Guaranty State Bank accounts at ATM locations everywhere. Get cash, transfer between accounts, even check your balance at any location displaying the TransFund or CIRRUS symbol.
If you would like an application for the Guaranty State Bank Visa Check Card, please call or e-mail us.
Tips for Card Safety
Get personal. Sign your card as soon as you receive it.
Trust your memory. Don't write your Personal Identification Number (PIN) on your card. Memorize your PIN, or if necessary, store the number in a safe place, separate from your wallet or wherever you keep your card. If you select your PIN, select one that's easy for you to remember, but difficult for someone else to guess. Don't use your birthday, phone number, or social security number as your PIN.
Keep it secret. Never give your PIN number to another person, especially a stranger.
Be prepared. Make and store a record of your card numbers along with telephone numbers for reporting lost or stolen cards. If you lose it, report it. Call The Guaranty State Bank immediately if your card is lost or stolen. Your timely response can help protect your account. There is a $10.00 fee to replace lost or stolen cards.
Save the receipt. Save your sales receipt and review them against your account statement, making sure the information is correct. If you see a purchase you don't recognize, contact The Guaranty State Bank immediately.
Keep a secret. Tear up and discard any sales slip copies you don't need. Strangers can use your account numbers to make unauthorized purchases, or counterfeit your card.
Too good to be true? Never give your card number to anyone or any organization to receive a "free" gift.
Telebanking at The Guaranty
Have you used The Guaranty's telebanking service? This service allows you to monitor your checking and savings account balances, verify a particular check amount, see if a check has cleared your account, transfer between accounts and even make a loan payment!
Try this service out - just phone 738-9988 (Beloit) or toll free 866-738-9988. It is simple and easy to use!
Visa Gift Cards
Gift cards are available at all four locations. Please contact your bank for more information.
