Welcome to the First National Bank of Fort Smith
National Bank of Sallisaw
1000 South Kerr Blvd.
Sallisaw, OK 74955

Tel: 918-775-5501
Deposit Accounts
 

Checking Accounts

 

myRewards
Checking

Ultimate

Prestige
Platinum(1)

Max

HSA(2)

Opening Deposit

$50

$50

$50

$50

$25(3)

Monthly
Requirements

None

None

$5,000
balance

$1,000 balance or meet Rate Requirements

$5,000
balance

Monthly Fee
(If monthly requirements are not met)

$0

$6.00 Single
$8.00 Family

$10

$10

$2

Earns Interest(4)

No

No

Yes

Yes

Yes

Free Debit Card

Yes(5)

Yes(5)

Yes(5)

Yes(5)

Yes(5)

Online, Mobile, Phone and Text Banking

Yes

Yes

Yes

Yes

Yes

Online Bill Pay

$ .50 per  
transaction

Free with
eStatements or $ .50 transaction with paper
statements

FREE

$ .50 per  transaction

$ .50 per  transaction

Unlimited Check
Writing

Yes

Yes

Yes

Yes

Yes

Money Orders & Cashier’s Checks

Published Price

FREE

FREE

Published
Price

Published
Price

Paper Statement

$3.00

$3.00

FREE

$3.00

FREE

eStatements

Yes

Yes

Yes

Yes

Yes

Benefits

No

Yes(6)

Yes(6)

No

No

Save the Change Rewards

Yes

Yes

Yes

Yes

No

Debit Card
Rewards

Yes(7)

No

No

No

No

Mobile Safeguard

$3.95(8)

No

No

No

No

Additional Features

Mobile Safeguard Plus(9)

 

Bank Escorted Group Travel

 

 

 

1) 50 Years and Over.
2) A tax-exempt trust or custodial account established exclusively for the purpose of paying qualified medical expenses. All expenses must be qualified under Section 213 (D) of the Internal Revenue Code. To qualify, you must be covered by a Qualified High Deductible Health Plan (HDHP), You cannot be covered by a health plan other than a HDHP, you cannot be enrolled in Medicare and you may not be claimed as a dependent on another person’s tax return.
3) One time Set-Up Fee of $15.00. Waived if health insurance is with B-H-C.
4) Interest Rate is established at the discretion of the bank. Interest rate and annual percentage yield may change. First National Bank uses the daily balance method to calculate the interest on your account. Interest will be credited to your account at the end of the statement period. Under Federal Law, the Bank may require written notice 7 days prior to an intended withdrawal.
5) See First National Bank Debit Card Application and Disclosure. 
6) LifeLock, Shopping, Travel & Entertainment Benefits, Health Benefit Discounts, and Security Benefits: $100,000.00 Common Carrier Insurance & $10,000 Accidental Death & Dismemberment Insurance Coverage. See certificate for further details.
7) With e-Statements on signature based transactions. See Debit Card Reward Brochure for details.
8) Additional Benefits to the myRewards Account : $10,000 Accidental Death Insurance, Emergency Travel Assistance Services, Identity Theft 911, Mobile Wallet powered by ATMSafe, Emergency Alerts, TrackUs, Geo Fencing Alerts and Phone Blocker.
9) Mobile Safeguard Benefits plus Phone Warranty Program available for an additional charge of $4.80 per smartphone or $3.75 per feature phone (Cell phone warranty billed separately).



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Regular Savings

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  • Minimum deposit to open this account is $50.00
  • A total of six electronic transfers or withdrawals are allowed each month. Three of these six transfers can be made by check, draft or similar order made to third parties. Each transfer thereafter, must be made in person or by messenger.
  • If the account balance is less than $100.00, there is a $1.00 charge per withdrawal in excess of six per quarter.
  • If the account balance is less than $100.00 and is inactive for one year, there will be a $2.00 per month dormant fee.
  • Interest rate established at the discretion of the bank. The interest rate and annual percentage yield may change.
  • Interest is compounded daily
  • Statements are mailed quarterly
  • Interest is paid at each quarterly statement

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Looney Tunes Savings

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  • Savings account for those up to age 16. Upon 16th birthday, the account will convert to a regular savings account
  • No Minimum Deposit to open account
  • No Monthly Service Fee
  • Unlimited deposits and up to six withdrawals per quarter
  • Interest rate established at the discretion of the bank. The interest rate and annual percentage yield may change.
  • Interest is compounded daily.
  • Statements are mailed quarterly
  • Interest is paid at each quarterly statement

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Money Market Savings

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  • Minimum Opening Deposit $1,000.00
  • No Monthly Service charge if the $1,000.00 average daily balance is maintained. If the average daily balance drops below $1000.00, there is a $7.00 charge for the statement period.
  • A total of six electronic transfers or withdrawals are allowed each month. Three of these six transfers can be made by check, draft or similar order made to third parties. Each transfer thereafter, must be made in person or by messenger.
  • Interest rate established at the discetion of the bank. The interest rate and annual percentage yield may change.
  • Interest is not compounded
  • Statements are mailed monthly
  • Interest is paid at the end of the statement period
  • Tiered Interest Rate Structure

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Christmas Club

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  • Minimum Opening Deposit $5.00
  • Account is NOT interest bearing
  • Christmas Club book is required to make deposits
  • Account is not subject to check withdrawals. If a withdrawal is requested prior to maturity, the full amount in the account must be withdrawn.
  • Account matures on October 31st of each year and a check for the full amount is issued.

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Individual Retirement Accounts

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If you are under 70 ½ years of age and have earned income, an IRA might be attractive for you...

Your contributions may be tax deductible, plus interest earnings are tax-deferred until withdrawn.  An IRA could provide you with a comfortable retirement, but some restrictions apply, so come see us for all of the details.

We can help you understand what an IRA can mean to you!

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Certificate of Deposit

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The minimum deposit to open a certificate of deposit is $1,000.00.

Your certificate earns interest at the rate disclosed. You will be paid this rate until your certificate matures. Your interest and rate and annual percentage yield may change at maturity. The interest rate and annual percentage yield shall be the rate the bank is offering at the time your certificate matures on new certificates of the same term and amount. The bank retains the right to redeem your certificate at any original or subsequent maturity date upon ten (10) calendar days prior written notice.

  • On Single Maturity-Fixed Rate Certificates of Deposit - your certificate will stop earning interest as of the maturity date.
  • On Automatic Renewable Certificates of Deposit - you will have ten (10) calendar days after the original maturity and each subsequent maturity to withdraw your certificate without penalty. You may add to your certificate during the ten (10) calendar day grace period without loss of interest on the original certificate. If you choose to withdraw your certificate, no interest is paid after maturity.
    Interest begins to accrue on the business day you deposit any non-cash item. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Interest is normally paid at maturity. On certificates of six (6) months or longer, you may elect to have your interest paid:

  • Monthly
  • Quarterly
  • Semiannually
  • Annually

On certificates of deposit longer than one (1)year term, interest must be paid at  least annually.  Interest may be deposited into your checking or savings account at National Bank of Sallisaw or you may elect to have your interest compounded on a quarterly basis.

After your certificate is opened, you may not make deposits to your certificate until the maturity date. Your certificate may be cashed prior to maturity at the option of the bank with a penalty for early withdrawal as follows:

  1. If the original maturity is thirty-one (31) days or less, you are required to forfeit all interest earned or interest that would have been earned for one-half of the term of the account, which ever is greater.
     
  2. If the original maturity is thirty-two (32) days to one (1) year, you are required to forfeit thirty-one (31) days interest.
     
  3. If the original maturity is more than one (1) year, you are required to forfeit ninety-one (91) days interest. This penalty will be assessed even if it exceeds the amount of interest earned and may require a reduction in the principal sum of the account. The penalty will be at the simple interest rate being paid on the certificate at the time it is cashed. The early withdrawal penalty may be waived in the case of death or disability.

Your certificate should be kept in a safe place. If your certificate is missing, the bank may require an indemnification bond before your account can be withdrawn.

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Small Business Checking

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It's designed especially for small business with a low to moderate volume of monthly checking transactions, and it has a service charge that's easy to understand.

  • Minimum opening balance $100.00
  • No Monthly Fee (*If $5,000 average daily balance is maintained)
  • First 200 checks, deposits or deposited items per month free of charge --
  • 50 cents per item thereafter 50 cents per item thereafter, regardless of the account balance. All other All other services will be charged at existing standard fees.

All other All other services will be charged at existing standard fees.

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Business Interest Checking

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Interest earning checking accounts are available for individual proprietorships and non-profit corporations.

INTEREST

Your account earns interest at rates which are established at the discretion of the Bank. This rate is applied on the investble balance at the end of each month. Your account will be charged an activity fee based on the volume of transactions for the month.

Please contact us to receive an activity fee rate schedule.

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Commercial Checking

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We analyze each commercial account monthly and subtract the fees for services used from the earnings allowance on the balance in your account. The earnings allowance is determined by taking the average of the 91-day Treasury Bill auction discount rate and applying it against the average investable balance. There will be an analysis statement mailed to each customer receiving a service charge. This statement breaks down the services used, the cost, and the earnings allowance on the deposit balances.

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Commercial Money Market Savings

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The minimum opening balance is $1,000.00. A Commercial Checking Account is also required. Up to six transfers from the Money Market Savings to the Checking Account may be made each month by telephone authorization. A total of six transfers or withdrawals is allowed each month. Three of these six transfers can be made by check, draft or similar order made to third parties. Each transfer thereafter, must be made in person or by messenger. Activity in this account will be consolidated with the activity in the checking account for a service charge.

Under Federal Law, First National Bank has reserved the right to require at least seven days' written notice prior to withdrawal or transfer of any funds in this account.

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Non-Profit Organization Account

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The minimum deposit to open this account is $100.00. Unincorporated non-profit organizations such as clubs, charitable organizations, and religious groups may open  this type of account. There is no monthly service charge or minimum balance charge on active accounts. If your account has a balance of less than $100.00 and has had no activity for one year, there is a $5.00 per month charge unless activity is resumed. There is a charge for personalized checks which varies according to the style selected.

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Certificate of Deposits

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The minimum deposit to open a Certificate of Deposit is $5,000.00.

Single Maturity-Fixed Rate Certificate of Deposit
Your Certificate earns interest at the rate set by the Bank at the time of deposit. You will be paid this rate until your Certificate matures. This account will not renew automatically at maturity. You have a ten (10) calendar day grace period after maturity to renew or add to your Certificate without loss of interest. If you choose to withdraw your Certificate, no interest is paid after maturity.

Automatic Renewable Certificate of Deposits
Your Certificate earns interest at the rate set by the bank at the time of deposit. You will be paid this rate until your Certificate matures. Your Certificate will automatically renew at maturity. Your interest rate and annual percentage yield may change at maturity. The interest rate and annual percentage yield shall be the rate the Bank is offering at the time your Certificate matures on new certificates of the same term and amount.

The Bank retains the right to redeem your Certificate at any original or subsequent maturity date upon ten (10) calendar days prior written notice. You will have ten (10) calendar days after the original maturity and each subsequent maturity to withdraw your Certificate without penalty. You may add to your Certificate during the ten (10) day grace period without loss of interest on the original Certificate. If you choose to withdraw your Certificate, no interest is paid after maturity.

Variable Rate Certificate of Deposits
Your interest rate and annual percentage yield may change. The interest rate as shown on your certificate is indexed to the average discount rate for the twenty-six (26) week U.S. Treasury Bills determined by the weekly auction. Your interest rate is adjusted each week on the first business day following the auction. These certificates are available with a maturity of twelve (12) to twenty-four (24) months. This account will not renew automatically at maturity. No interest will be paid after maturity.

Calculation and Payment of Interest Certificates of Deposits
Certificates of Deposit with a maturity of less than six (6) months or less than $5,000 will have interest paid at maturity, and interest is not compounded.

On Certificates of Deposit with a maturity of six (6) months or longer and for $5,000 or more, interest is compounded monthly. You may elect to have your interest paid monthly, quarterly, semi-annually or annually. Your annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal of interest will reduce earnings.

Interest is not compounded on Variable Rate Certificates of Deposit, but you may elect to have your interest paid monthly, quarterly, semi-annually or annually.

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* A $9.00 fee will be charge each statement period if the daily balance for the statement period falls below $5,000.

National Bank of Sallisaw, Division of FNBFS. All rights reserved. Equal Housing Lender. Equal Housing Lender