Clarkston State Bank
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Consumer Account Products and Services

Learn More About:

Checking Accounts
--------Clarkston Classic Checking Account
--------Interest Checking Account
Savings Accounts
--------Statement Savings Account
--------Money Market Plus Savings Account
Loans
--------
Unsecured Loans
--------Auto Loans
--------Home Improvement Loans
--------Home Equity Lines of Credit
--------Overdraft Protection Lines of Credit
Mortgages
Miscellaneous Fees

Clarkston Classic Checking Account
  • Minimum opening deposit - $200.00
  • Minimum daily balance - $200.00 or $2,500.00 average relationship balance
  • $5.00 monthly fee if balance is not maintained

Other Features:

  • 24 hour ATM Access at any NYCE / Magicline Network ATM. The Clarkston State Bank will assess no fees on the use of this service to its customers. Daily withdrawal limits apply.
  • Line of Credit Overdraft Protection (subject to credit approval)
  • Combined Statements for Accounts
  • Checks Safekept at CSB
  • Funds on Deposit are FDIC Insured

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Interest Checking Account
  • Minimum Opening Deposit - $500.00
  • No monthly fees or per item fees if you maintain $500 daily balance or $2,500 average relationship balance
  • $10.00 monthly fee if balance is not maintained
  • If an average daily balance of $1,500 is maintained, the account earns a variable rate of interest on the entire balance, compounded and paid monthly on a tiered rate schedule based on balances.

Other Features:

  • 24 hour ATM Access at any NYCE / Magicline Network ATM. No fees assessed by Clarkston State Bank.
    Daily withdrawal limits apply.
  • Line of Credit Overdraft Protection (subject to credit approval)
  • Combined Statements for accounts
  • Checks Safekept at CSB
  • Funds on Deposit are FDIC Insured

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Statement Savings Account
The account earns a variable rate of interest on the entire balance, compounded and paid quarterly on a tiered rate schedule based on balances.

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Money Market Plus Savings Account
Our Money Market Savings Account is a liquid investment which earns a  high rate of interest. Interest is compounded and paid to the account  monthly. There are no monthly fees. To earn the highest rate of interest, you need a balance of $10,000 or more.
  • Minimum Opening Deposit $1,000.00.
  • No monthly fees or per item fees.
  • You must maintain a minimum average daily balance of
    $5,000.00 to earn a variable rate of interest on the entire
    balance.

Other Features:

  • 24 hour ATM Access at any NYCE / Magicline Network ATM. No fees assessed by Clarkston State Bank.
    Daily withdrawal limits apply.
  • Line of Credit Overdraft Protection (subject to credit approval)
  • Current Promotion Rate of 2.25% APR and 2.27% APY until May 31, 2003.
  • Funds on Deposit are FDIC Insured

 

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Unsecured Loans
Unsecured loans for all worthwhile purposes are usually made to consumers who have a proven financial capacity and a history of dealing satisfactorily with their obligations. The interest rates on these loans are generally established based on the term of the loan, the amount and the relationship the borrower has with the bank. 

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Auto Loans (Car loans)
Auto Loans (Car loans) are made on new and used vehicles with the term of these loans up to 60 months. A down payment is usually required on the car being purchased, however, lease cars being purchased by the lessee may not require a down payment.  If the customer authorizes the bank to automatically deduct his payment from a checking or savings account with the bank the rate is 1/4% less.

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Home Improvement Loans
Home Improvement Loans, are made both secured and unsecured depending on the amount, credit history of the borrower and term of the loan. Loans of this type can be used to improve either a principle residence, vacation home or rental property. Generally speaking the larger the loan or longer the repayment term the more inclined the bank will be to ask for a lien on the property being improved. 

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Home Equity Lines of Credit
Home Equity Lines of Credit, are always secured by the borrowers real estate, either his primary residence or vacation home, and have a revolving balance feature. One accesses this loan through the use of a check type draft, which can be issued by the homeowner at his discretion. Many homeowners are using this type credit in lieu of credit cards or other borrowings since the interest can be tax deductible (the borrower should check with his tax advisor concerning the tax deductibility of interest paid on this type line of credit). The interest rate on a home equity line of credit is based on the Wall Street Journal Prime Rate. Rates start as low as prime plus 1/4%. This interest rate varies with the said Prime Rate and will change when the Prime Rate changes. Interest Rate will be determined by the amount of Equity in the home and the amount of the credit line. We offer credit lines up to 90% of the value of your home.

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Overdraft Protection Lines of Credit
Overdraft Protection Lines of Credit, these lines of credit typically attached to a consumer checking account and protect the customer from the embarrassment of an overdraft on their account. These lines can, however, be used as instant loans much like the home equity line since they are accessed with a check. 

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