info@myhhsb.com

 

 

FDIC

550 17th Street NW

Washington, DC 20429-9990

877-275-3342

 

Notice of Expiration of the Temporary Full FDIC Insurance Coverage for Noninterest-bearing Transaction Accounts

By operation of federal law, beginning January 1, 2013, funds deposited in a non-interest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor’s accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to thestandard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.

 

The term ”noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest.  It also includes Interest on Lawyers Trust Accounts (“IOLTAs”). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money-market deposit accounts.

 

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

 

 

 

 

 

 

 

 

Deposit Accounts

At Hoosier Heartland State Bank, our deposit accounts are designed to grow with you. As your circumstances change over time, you can easily switch accounts to meet your every need. From our Simple Checking to our Priority Money Market, we have the right account for you. Also, please contact us if you would like to learn about our family of business checking and savings accounts.

 

 


 

HHSB Simple Checking

The name says it all. The benefits of unlimited check writing without minimum balance requirements and service charges. It’s that simple.


 

 

 

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HHSB Direct Checking

An account specifically designed for the electronic world we live in. Free & unlimited debit card usage (other banks may charge for the use of their ATM’s), Internet banking and ePayment Bill pay are just a few of the many features of this account. If you value convenience then this is the right account for you.


 

 

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HHSB Priority Checking

Enjoy all the convenience of our Direct Checking account while earning a very competitive rate of interest on your account balance. If you generally keep $1,000 or more in your account or $10,000 in total deposits, this may be the right account for you.


 

 

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HHSB Checking Account Comparison Chart

 

Checking Accounts

HHSB Simple Checking

HHSB Direct Checking

HHSB Priority Checking

Earns Interest

No

No

Yes

Unlimited Check Writing

Yes

Yes

Yes

Discounted Checks

No

No

Yes*

Debit Card

Free

Free

Free

Telephone Banking

Free

Free

Free

Internet Banking

Free

Free

Free

ePayment Bill Pay

$5/Mo. & $.25 Transaction

Free

Free

Debit Card POS

$1/Transaction

Free

Free

Foreign ATM Trans.

$1/Transaction

Free

Free

Debit Card Replacement

$5

Free - One Time

Free - One Time

NSF/OD Fees: Per Item

$25

$20

$20

Max Amount Per Day

$100

$100

$100

Other Services:

Safe Deposit Box

Scheduled

Discounted

Discounted

Money Orders

$5 per

Free

Free

Cashiers Checks

$5 per

Free

Free

Notary Service

$2/Item

Free

Free

Snapshot Statement

$5 per

Free

Free

Domestic Wire Transfers

$25

$25

$25

Incoming Wire Transfers

$10

$10

$10

Foreign Wire Transfers

$50

$50

$50

Account Research

$30/hour

$30/hour

$30/hour

Free Investment Reviews

No

No

Yes**

HHSB Gold Visa/MC

No

No

Yes***

Bounce Protection****

$300

$500

$1,000

Service Charge

None

$5/cycle

$10/cycle

With Direct Deposit

 

Waived

 

Minimum Bal. to Waive

 

$500

$1,000

In Account

N/A

$500

$1,000

In Total Deposits

N/A

$2,500

$10,000

*Discounted Checks - Selection limited

**Free investment reviews - May be subject to frequency & availability

***HHSB Gold Visa/MC - Subject to credit approval

****Bounce Protection - Subject to approval


 

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HHSB Simple Savings

Designed for the “beginner” or “special purpose” saver, this account works well with any of our checking accounts. Account statements are combined with your checking statement for easy tracking of your savings balance.

 

 

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HHSB Direct Savings

A tiered rate allows your interest rate to increase as your account balance grows. This account works well with HHSB’s Internet banking package and our Direct Checking account.


 

 

 

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HHSB Priority Money Market

This account rewards savers who like to stay “liquid” - maintaining full access to their funds, while earning CD comparable rates. 5 rate tiers allow you to maximize your earning potential. HHSB’s Priority checking account is the perfect compliment to this account as transaction limits do apply.


 

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HHSB Savings/Money Market Comparison Chart

Savings Accounts

HHSB Simple Savings

HHSB Direct Savings

HHSB Priority Money Market

Minimum Balance

None

$500

$2,500

Service Charge if below

None

$5

$10

Checking Account.Required

Yes

No

No

Account Statements

Combined With Checking

Monthly

Monthly

Tiered Interest Rates

None

Yes

Yes

As Follows:

 

 

 

Tier I

Any Amount

$0 to $4,999

$0 to $2,500

Tier II

 

$5,000 & Above

$2501- $10,000

Tier III

 

 

$10,001- $50,000

Tier IV

 

 

$50,001- $100,000

Tier V

 

 

$100,001 & Above

Debit Card Available

Yes

Yes

Yes

Debit Card POS

N/A

N/A

Free

Foreign ATM Transaction

$1/Transaction

Free

Free

Debit Card Replacement

$5

Free - One Time

Free - One Time

Bounce Protection

N/A

N/A

$1,000

Check Writing

No

No

Yes

Transaction Limits*

See Below

See Below

6/cycle

Over Limit Fee

N/A

N/A

$5/Item

Discounted Checks

N/A

N/A

Yes**

Telephone Banking

Yes

Yes

Yes

Internet Banking

Yes

Yes

Yes

ePayment Bill Pay

N/A

N/A

Free

Other Services:

 

 

 

Safe Deposit Box

Scheduled

Scheduled

Discounted

Money Orders

$5 per

Free

Free

Cashiers Checks

$5 per

Free

Free

Notary Service

$2/Item

Free

Free

Snapshot Statement

$5

Free

Free

Domestic Wire Transfer

$25

$25

$25

Foreign Wire

$50

$50

$50

Account Research

$30/hour

$30/hour

$30/hour

*Transaction Limits - Under Federal Regulations, you are allowed up to 6

pre-authorized withdrawals per statement cycle (including telephone 

or electronic transfers), no more than six of which may be by check or 

similar order payable to a third party if applicable.

**Discounted Checks - Selection limited.

 


 

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HHSB Business Basic

Designed for the smaller enterprise with limited check writing needs or for businesses that need a second account for payroll, petty cash, etc. This is a simple and inexpensive account to maintain.


 

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HHSB Business Direct

Specifically designed for efficiency, this account allows you to actively “manage” the cash aspect of your business with the addition of Online Cash Management at no extra cost. Set security settings for multiple accounts, direct deposit payroll and pay vendors electronically are just a few of the many unique features of this account. Let your

checking account become one of your best business tools!


 

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HHSB Community Pride

This is an interest bearing account for the non-profit and governmental units that serve our community. Many volunteer hours go into making our community a great place to live. The Community Pride account is a small thank you for all the great work our service organizations provide.


 

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HHSB Business Checking Account Comparison Chart

Business Checking Accounts

HHSB Business Basic

HHSB Business Manager

HHSB Community Pride*

Interest Bearing

No

No

Yes

Minimum to Open

$100

$100

$100

Unlimited Check Writing

No

Yes

No

Account Analysis

No

No

No

Service Charge

$.25/Debit After 50/Cycle

$25/Cycle

$.25/Debit After 200/Cycle

Minimum to Waive: Maximum Daily Balance

N/A

$5,000

N/A

Total Deposits

 

$25,000

 

Total Relationships (including loans)

 

$75,000

 

Online Account Access

Free

Free

Free

Remote Deposit

Yes**

Yes**

Yes**

Online Cash Management

$7/Month

Free

Free

ACH Batch Fee

$5 per

Free

$5 per

ePayment monthly fee

$5

Free

Free

ePayment Transaction Fee

$.25/Transaction

Free

Free

Sweeps available

No

Yes

Yes

Account Statements on CD: Monthly

$25/Month

$20/Month

$20/Month

Quarterly

$40/CD

$30/CD

$30/CD

Semi-annual

$40/CD

$30/CD

$30/CD

Annual

$40/CD

$30/CD

$30/CD

Business Visa/MC***

Yes - No Annual Fee

Yes - No Annual Fee

Yes - No Annual Fee

Debit Card/POS***

$1.00/Transaction

Free

Free

Foreign ATM Trans.

$1.00/Transaction

Free

Free

NSF/OD Fees: Per Item

$25

$25

$25

Max Amount/Day

$100

$100

$100

Other Services:

 

 

 

Remote Deposit**                   Per Transaction

$.25

$.15

$.15

Monthly Fee

$50

$50

$50

One Time Set Up & Train

$100

$100

$100

Scanner Cost (Basic)

$325

$325

$325

Message Center Advertisement

N/A

Quoted Separately

Quoted Separately

Employee Check Cashing

Free

Free

Free

Employee Assistance Program

No

Yes

Yes

Employee H.S.A.

Scheduled Rates Apply

Free

Free

* Community Pride - Restricted to Not-For-Profit or Governmental Units

**Remote Deposit - Subject to Approval

*** - Subject to Approval

 

 

 Regulation GG Notice

 

 

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 HHSB Business Basic Savings

An account to compliment the Business Basic checking account. It is a great way for businesses to segregate and earn interest on excess funds.


 

 

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HHSB Business Manager Savings

A two tiered account that allows a business to earn a higher rate of interest for larger balances. It is a great account to house sinking funds or to assist the manager/owner in the daily task of managing the cash assets of the business. Adding the Business Manager Savings account to the Business Manager Checking account makes day to day management of operational funds efficient and easy.


 

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HHSB Business Money Market

If your business operates in a high cash flow environment then this account may be the right answer for you. 5 rate tiers allow the account manager/owner to maximize the interest earnings on excess funds. Transaction limits do apply so a complimentary HHSB business checking account is highly recommended.


 

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HHSB Business Savings/Money Market Comparison Chart

Business Savings Accounts

HHSB Business Basic Savings

HHSB Business Manager Savings

HHSB Business Money Market

Service Charge

None

$10/Month

$25/Month

Checking Account Required

Yes

No

No

Minimum to Waive

N/A

$1,000.00

$2,500.00

Account Statements

Combined with Checking

Monthly

Monthly

Tiered Rates

No

Yes

Yes

Tier I

Any Amount

$0-$4,999

$0-$2,500

Tier II

 

$5,000 & Above

$2,501-$10,000

Tier III

 

 

$10,00-$50,000

Tier IV

 

 

$50,001-$100,000

Tier V

 

 

$100,001 & Above

Debit Card Available

Yes

Yes

Yes

Debit Card POS

N/A

N/A

Free

Foreign ATM Trans.

$1/Transaction

Free

Free

Debit Card Replace

$5

Free - One Time

Free - One Time

Check Writing

No

No

Yes

Check Limit

N/A

N/A

6/Cycle

Over Limit Fee

N/A

N/A

$5/Item

 

 

 

 

 Regulation GG Notice


 

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Certificates of Deposit

With terms as short as 91 days or as long as 5 years, you can earn higher rates of interest by depositing $1,000 or more. At HHSB, we pride ourselves on maintaining extremely competitive rates for our Certificate of Deposit clients. Penalties for early withdrawal apply.


 

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Individual Retirement Accounts

At HHSB, helping clients plan for retirement is a priority. Individual Retirement Accounts (IRA) designed to supplement your retirement income should be considered in every plan. We offer both Traditional and Roth IRA’s. Please give us a call if you need assistance in developing a retirement plan, rolling over a 401(k) or another IRA to HHSB or selecting

an IRA option that is best for you.


 

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Health Savings Accounts

Troubled by ever increasing medical costs and high deductible health benefit plans? Health Savings Accounts (H.S.A.’s) may be the solution you have been looking for. H.S.A’s are savings accounts that allow you to set aside money on a tax sheltered basis for future medical expenses. Call us for details.


 

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