Terre Haute Savings Bank

Savings Accounts

Regular Savings

  • You must deposit $100.00 to open this account.
  • You must maintain a minimum balance of $100.00 in the account each day to obtain the disclosed annual percentage yield. 
  • You may make only six (6) preauthorized transfers from your account each calendar month.* 
  • Interest is compounded daily and credited quarterly.
  • A monthly maintenance service charge of $1.00 will be imposed if the balance in the account falls below $100.00 any day of the month.

Direct Deposit                               

  • You must deposit $100.00 to open this account.
  • You must maintain a minimum balance of $100.00 in the account each day to obtain the disclosed annual percentage yield.
  • You may make only six (6) preauthorized transfers from your account each calendar month.*
  • Interest is compounded daily and credited quarterly.
  • A monthly maintenance service charge of $1.00 will be imposed if the balance in the account falls below $100.00 any day of the month.

Savings Plus

  • You must deposit $7,500.00 to open this account.
  • Interest is paid on two tiered levels: less than $7,500.00 and $7,500.00 or more.
  • You may make only six (6) preauthorized transfers from your account each calendar month.*
  • Interest is compounded daily and credited monthly.
  • A monthly maintenance service charge of $5.00 will be imposed if the balance in the account falls below $7,500.00 any day of the month.

Spring Break Club

  • You must deposit $5.00 to open this account.
  • Any balance over $5,000.00 will earn a lower interest rate and lower annual percentage yield.
  • Interest is not compounded with this account; interest will be credited annually.
  • A $5.00 penalty will be assessed for any withdrawal prior to the payout date; the payout date will be February of each year.
  • No monthly maintenance service charge will be assessed on this account.
  • You may make only six (6) preauthorized transfers from your account each calendar month.*

Christmas Club

  • You must deposit $5.00 to open this account.
  • Any balance over $5,000.00 will earn a lower interest rate and lower annual percentage yield.
  • Interest is not compounded with this account; interest will be credited annually.
  • A $5.00 penalty will be assessed for any withdrawal prior to the payout date; the payout date will be October of each year.
  • No monthly maintenance service charge will be assessed on this account.
  • You may make only six (6) preauthorized transfers from your account each calendar month.*

Busy Bee Savings Club

  • You must deposit $5.00 to open this account.
  • Any balance over $5,000.00 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 Monthly maintenance service charge will be assessed on this account.
  • You may make only six (6) preauthorized transfers from your account each calendar month.*

*Limited monthly transfers include preauthorized transfer/debit (ACH), debit card, internet transfer to another account, telephonic transfer to another account, a check to a third party and transfers to cover same bank overdrafts (OD Protection).  Withdrawals/transfers made in person, by mail or at an ATM are unlimited.

Savings Account Disclosures

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.  Our rates are determined at our discretion.

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.