National Bank of Sallisaw
1000 South Kerr Blvd.
Sallisaw, OK 74955
Tel: 918-775-5501
Sallisaw, OK 74955
Tel: 918-775-5501
Deposit Accounts
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| Your Choice Checking | |
Add additional services listed below for a fee:
Custom build your checking account to fit your individual needs. |
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| Ultimate Checking | |
*See National Bank of Sallisaw Check/ATM Card |
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| First Freedom Checking | |
| Other Banks May Promise The World. We
Guarantee It! Want an interest-bearing checking account? Use your check card almost exclusively? Use the computer for banking convenience and flexibility? Travel frequently for business and pleasure? The First Freedom Checking Account has all the answers.
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| Non-Profit Accounts | |
The minimum deposit to open this account is $100.00. Unincorporated non-profit organizations such as...
may open this type of account. |
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| Interest Earning | |
All of our interest earning accounts earn interest at a rate that is established at the discretion of the bank. Your interest rate and annual percentage yield may change. For current rate information contact a New Accounts Representative. We use the average daily balance method to calculate interest on your account. This method applies a periodic rate to the average daily balance in the account for the statement period. The average daily balance is calculated by adding the balance in the account for each day of the statement period and dividing that figure by the number of days in the period. * Interest begins to accrue on the business day you deposit non-cash items. (example - checks) * Interest will be compounded and credited to your account at the end of the statement period. * If the account is closed prior to the end of the statement period, no interest will be paid for that period. * Under Federal Law, the Bank may require written notice of an intended withdrawal from an interest bearing account seven (7) days before withdrawal. Please review a current interest rate disclosure to determine the interest rate and annual percentage yield on this account. |
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| Money Market Checking | |
The minimum deposit to open this account is $1,500.00. Service Charge: A fee of $7.50 will be imposed each monthly statement period if the average daily balance for the statement period falls below $1,500.00. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. There is a charge for personalized checks which varies according to the style selected. |
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| Prestige Platinum Club | |
*A $10.00 fee will be charged each statement period if the average daily balance for the statement period falls below $1,000.00 |
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| Investment Account | |
The minimum deposit to open this account is $2,500.00. Service Charge: A fee of $7.50 will be imposed each monthly statement period if the average daily balance for the statement period falls below $2,500.00. The average daily balance is calculated by adding the balance in the account for each day of the statement period and dividing that figure by the number of days in the period. Withdrawals must be made at the bank. Checks and other third party transfers cannot be drawn on this account. You may request transfer of funds by telephone to your other accounts at National Bank of Sallisaw. The number of transfers is limited to the six (6) per month. The minimum telephone transfer is $25.00. The transfer must be to an account with the same authorized signatures. If you wish to make this type of transfer, we may ask that you sign an authorization card for the transfer. |
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| Regular Savings Account | |
The minimum deposit to open this account is $50.00. Service Charge: There is a $1.00 charge per withdrawal in excess of six (6) per quarter. If your account has a balance of less than $50.00 and has had no activity in two years, there is a $3.00 per quarter charge unless activity is resumed. Withdrawals must be made at the bank. Checks and other third party transfers cannot be drawn on this account. You may request transfer of funds by telephone to your other accounts at National Bank of Sallisaw. The number of transfers is limited to the six (6) per month. The minimum telephone transfer is $25.00. The transfer must be to an account with the same authorized signatures. If you wish to make this type of transfer, we may ask that you sign an authorization card for the transfer. |
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| Individual Retirement Accounts | |
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 | |
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.
Interest is normally paid at maturity. On certificates of six (6) months or longer, you may elect to have your interest paid:
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.
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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