Savings


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Maquoketa State Bank offers a wide variety of time certificate of deposit terms and interest rates. You may choose the term and interest rate that best fits your needs and invest your money in an FDIC-insured certificate. Early withdrawal penalties may be imposed for withdrawals before maturity. Click Here to contact us for a current listing of Certificate of Deposit interest rates.

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Maquoketa State Bank's Premier Money Market Account allows you to receive higher yields on a "liquid" account by putting your excess funds to work. All the money in your account will earn one high rate of interest based on your average daily balance, and the more you keep on deposit, the higher the interest rate you will earn. The minimum opening deposit is $2,500.00 and interest is computed on the daily balance method. You can make up to six withdrawals per month. The withdrawals are free of charge (but please note that any withdrawals in excess of these limits cost $7.50 each.)

daily_savings_account

The minimum opening deposit for a daily savings account is $100.00. Deposits can be made in person, by mail, or directly deposited. Six withdrawals per month are allowed without penalty.  Withdrawals in excess of 6 are $.50.

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sweep_account

Sweep Accounts are cash management accounts designed to provide a higher rate of interest on excess funds. Automatic transfers of funds in excess of the target amount are invested on a daily basis. The target balance in checking is not interest bearing.

repurchase_and_repo_sweeps

Maquoketa State Bank offers the repurchase agreements as an alternative to certain sweep and investment products. Deposits under this agreement are not FDIC insured but are instead protected or collateralized by providing a security interest in a U.S. Treasury or Agency security owned by the bank.
Contact us for additional details.

cdars_additional_fdic_coverage

Using CDARS, Maquoketa State Bank can provide customers with CDs in excess of the current FDIC limits access to additional insurance coverage by distributing customer funds among other FDIC-insured banks. All of this can be accomplished through one portfolio at Maquoketa State Bank and without sharing confidential information with other banks.

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