Terre Haute Savings Bank
Login
Login To Business Banking

Services

 
Services

Savings Accounts
 

ATM disclosure -- $50 in available funds must be deposited in the account to be eligible for an ATM card.

Savings Account Disclosures

The interest rate(s) may change after the account is opened.

Fees could reduce the earnings on the account(s).

Interest begins to accrue on the business day you deposit non-cash items (for example, checks). 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.  We may change the interest rate on your account at any time.  If you close your account before interest is credited, you will receive the accrued interest.

By signing the signature card, your account will be opened and you are bound to the agreement and the rules and regulations in it.  Only an officer of the Bank may vary the terms of agreements and it is only effective when done in writing by an officer.

State law requires banks to surrender unclaimed or otherwise assumed abandoned property to the Attorney General's office.  If we are unable to contact you by mail or you have not kept in contact with the Bank within three (3) years, with you initiating no activity, it will be presumed abandoned. You may contact the Bank for the address and/or appropriate form to claim this property once it has been forwarded to the Attorney General.


Regular Savings

  • You must deposit $100 to open this account
  • You must maintain a minimum balance of $100 in the account each day to obtain the disclosed annual percentage yield 
  • You may make only six (6) preauthorized transfers from your account each statement cycle month 
  • Interest is compounded daily and credited quarterly
  • A minimum balance fee of $1.00 will be imposed every month if the balance in the account falls below $100 any day of the month

  • Direct Deposit

    • You must deposit $100 to open this account
    • You must maintain a minimum balance of $100 in the account each day to obtain the disclosed annual percentage yield
    • You may make only six (6) preauthorized transfers from your account each statement cycle month
    • Interest is compounded daily and credited quarterly
    • A minimum balance fee of $1 will be imposed every month if the balance in the account falls below $100 any day of the month
       

Savings Plus

  • You must deposit $7,500 to open this account
  • Interest is paid on two tiered levels: less than $7,500 and $7,500 or more
  • You may make only six (6) preauthorized transfers from your account each statement cycle month
  • Interest is compounded daily and credited monthly
  • A minimum balance fee of $5 will be imposed every month if the balance in the account falls below $7,500 any day of the month

Spring Break Club

  • You must deposit $5 to open this account
  • Any balance over $5,000 will earn a lower interest rate and lower annual percentage yield
    Interest is not compounded with this account; interest will be credited annually
  • A $5 penalty will be assessed for any withdrawal prior to the payout date; the payout date will be the middle of February each year
  • No maintenance fees will be assessed on this account

Christmas Club

  • You must deposit $5 to open this account
  • Any balance over $5,000 will earn a lower interest rate and lower annual percentage yield
    Interest is not compounded with this account; interest will be credited annually
  • A $5 penalty will be assessed for any withdrawal prior to the payout date; the payout date will be the middle of October of each year
  • No maintenance fees will be assessed on this account

Busy Bee Savings Club

  • You must deposit $5 to open this account
  • Any balance over $5,000 will earn a lower interest rate and a lower annual percentage yield
  • The Busy Bee Account is available to a child who has not yet reached the age of 14; at the age of 14, the account is converted to a Regular Savings Account
  • Interest is compounded daily and credited quarterly
  • No maintenance fees will be assessed on this account

Certificates of Deposit

  • A Certificate of Deposit is a deposit account for a specific length of time that has a fixed maturity date. It can have a fixed or variable interest rate.
  • You must deposit $500 to open this account; you must maintain a minimum balance of $500 daily to obtain the annual percentage yield
  • A withdrawal will reduce earnings; interest will be compounded and credited to your account quarterly
  • Interest may be compounded quarterly to the principal of the certificate, quarterly interest checks may be mailed, or interest may be credited to another THSB account
  • Interest checks may be issued monthly at the customers request if the certificate face amount is $5,000 or more
  • You can withdraw interest anytime during the term of deposit after it is credited to your account
  • After the account is opened, you may not make deposits into the account until the maturity date
  • If we consent to a request for early withdrawal that is otherwise not permitted, you may have to pay a penalty

Coverdell Education Savings Account

(formerly known as an Education IRA) 

 

  • $2,000 annual limit per child
  • Contributions are non-deductible
  • Qualified distributions are tax-free and include:
    • Expenses incurred in connection with the enrollment or attendance of the beneficiary at a public, private or religious school providing elementary or secondary education.
    • Post-secondary tuition, fees, textbooks, supplies and equipment.
    • Post-secondary room and board expenses
  • Virtually anyone can contribute, including corporations and other entities
  • Contributions must stop at beneficiary's 18th birthday, unless the beneficiary qualifies as special needs.
  • Funds must be distributed or rolled over by the beneficiary's 30th birthday, except for special needs beneficiaries.
     

 

FDIC Equal Housing Lender
Terre Haute Savings Bank - 533 Ohio Street - Terre Haute, IN 47808 - 1-888-245-1929 - (812) 234-4864 - Fax (812) 234-4860 - Bank-By-Phone (877) 611-3880