Accounts

Tumbleweed Checking

The personal checking account that gives the convenience of paying by check and receiving a monthly statement.

Benefits

  • No Minimum balance required
  • No average balance required
  • No limit on check writing
  • Monthly statements
  • Free Debit/ATM card
  • Free Online Bill Payer
  • Free Mobile Banking

Requirements

  • $100 opening deposit

Cost

  • Cancelled checks are not returned in statement but copies are available for a nominal fee.
  • $5.00 Monthly Maintenance Fee

Sundowner Checking

A checking account offered with unlimited check writing. Service charges are based on a daily balance during the month.

Benefits

  • Unlimited check writing
  • Free Debit/ATM Card
  • Fee Online Bill Payer
  • Free Mobile Banking

Requirements

  • $100 opening deposit

Cost

  • $7.50/month Service Charge if your Balance falls below $1,000.00
  • $5.00 Monthly Maintenance Fee

Cowboy Club Checking

The Cowboy Club account is an account that includes accidental death or dismemberment insurance.

Benefits

  • Unlimited check writing
  • Club Discount Package.
  • Automatic Savings Plan
  • Free Notary service
  • 20% Discount on Safety Deposit Box
  • Cashier’s Checks – no fee.
  • Accidental Death Insurance Policy
  • Free Debit/ATM Card
  • Free Online Bill Payer
  • Free Mobile Banking

Requirements

  • $100 minimum to open

Cost

  • $2 Discount on monthly fee for Senior Citizens, Age 65 or over
  • Single Coverage: $11
  • Joint Coverage: $12
  • Family Coverage: $13

Derrick Business Checking

The lowest cost commercial checking account for small businesses.

Benefits

  • No monthly maintenance fee if average collected balance is $1,000.00 or more
  • Monthly statements

Requirements

  • $500 opening deposit

Cost

  • $10 monthly fee if minimum balance falls below $1,000.

Roundup Savings

An account that allows you to save some of your hard earned money while it is making you money at the same time.

Benefits

  • Accrual of interest on noncash deposits – Interest begins to accrue on the first business day after the banking day you deposit noncash items (for example, checks)
  • Compounding and crediting frequency – Interest will be compounded daily on the Daily Ledger Balance. Interest will be credited to your account every quarter

Requirements

  • You must deposit $200.00 to open this account.
  • Transaction limitations – Transfers from a savings account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per quarter.
  • Frequency of rate changes – At our discretion, we may change the interest rate on your account at any time.
  • Rate Information – Your interest rate and annual percentage yield may change.
  • Minimum balance to obtain the annual percentage yield disclosed – You must maintain a minimum balance of $200.00 in the account each day to obtain the disclosed annual percentage yield.

Cost

  • A withdrawal fee of $2.00 will be charged for each debit transaction (withdrawal, by any means available out of this account) in excess of six during a quarter.
  • Effect of closing an account – If you close your account before interest is credited, you will not receive the accrued interest.

Cattle Baron Money Market Account

A checking account that earns and pays interest at current market rates.

Benefits

  • Compounding and crediting frequency – Interest will be compounded every month and credited to the account each month.
  • Daily balance computation method – We use the daily ledger balance to calculate the interest on your account. This applies a daily periodic rate to the principal in the account each day.
  • Accrual of interest on noncash deposits – Interest begins to accrue on the first business day after the banking day you deposit noncash items (checks).

Requirements

  • $2,500 minimum to open

Cost

  • Effect of closing an account – If you close your account before interest is credited, you will not receive the accrued interest.
  • Rate Information – Your interest rate and annual percentage yield may change.
  • Frequency of rate changes – At our discretion, we may change the interest rate on your account at any time.
  • Transaction limitations – Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six (6) per month with no more than three by check, draft, or similar order to third parties.
  • Minimum balance to avoid imposition of fees – A service charge fee of $10.00 will be imposed every statement cycle if the balance in the account falls below $1,000.00 any day of the cycle.
  • An excess withdrawal fee of $5.00 will be charged for each transaction in excess of the above limitations.
  • Minimum balance to obtain the annual percentage yield disclosed – You must maintain a minimum balance of $2,500.00 in the account each day to obtain the disclosed annual percentage yield.

Horizon NOW Account

A checking account that earns and pays interest at current market rates.

Benefits

  • Compounding and crediting frequency – Interest will be compounded every month and credited to the account each month.
  • Daily balance computation method – 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.
  • Images of items ARE returned to account holder.

Requirements

  • $1,000 minimum to open
  • Minimum balance to avoid imposition of fees – A service charge fee of $10.00 will be imposed every statement cycle if the balance in the account falls below $1,000.00 any day of the cycle.
  • Minimum balance to obtain the annual percentage yield disclosed – You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield.

Cost

  • No service charge unless balance falls below $1,000.00. If balance falls below $1,000.00, a statement cycle service fee of $10.00 will be imposed.

Certificates of Deposit

Sundown State Bank offers a CD to fit almost any investment objective.

Overview

  • With a minimum deposit of $500.00, you may select investment periods from 30 days to 36 months.
  • For more information regarding our certificates please call or come by the bank.
  • We reserve the right at any time to require not less than 7 days notice in writing before each withdrawal from any interest bearing account, other than a time deposit, as defined by Regulation D.
  • There may be a substantial penalty for early withdrawal of any CD.

Individual Retirement Accounts

Building a secure retirement is the goal of Sundown State Bank’s Individual Retirement Account (IRA).

Overview

  • Contributions to your IRA can be set up to offer you the flexibility that suits your individual needs.
  • You choose how you want to contribute, as well as your contribution amounts. For further information regarding our IRAs, please call or come by the bank.
  • Terms from 12 months to 36 months
  • Five year Roth IRA

Loans

Come in today and learn more about our loan products.

Loan Products

  • Agricultural Loans- We specialize in ag lending and can help you with any agricultural loan.
  • Commercial Loans- Expand your existing business or start up a new business!
  • Consumer Loans- Buy a new car or go on a vacation with the help of a personal consumer loan!