Security State Bank of Howard Lake and the Watertown Branch will be closed on Monday, September 6th in observance of Labor Day. Have a Safe Holiday Weekend!
New Internet Banking and Bill Pay
Download your account information directly to your Quickbooks or Quicken Software.
Coming in 2010 - New Web-Site Design to facilitate Mobile Banking, Watch for details.
NOW Available to Security State Bank of Howard Lake Customers: Pre-Paid Visa Gift Cards and Pre-Paid Visa Travel Cards! Stop in for more details.
FDIC Deposit Insurance: On July 22, 2010, the FDIC Deposit Insurance Limit was permanently increased to $250,000.00. Please contact us at 320-543-2151 or 952-955-2992 if you have any questions regarding FDIC Deposit Insurance and your accounts.
Remote Deposit Capture now available for our Business Customers. Contact us for more details at 952-955-2992 or 320-543-2151.
Check out our New and Improved On-Line Banking Service.
Contact any Security State Bank employee for more information.
NOW AVAILABLE - IN BALANCE ATM Alliance Network - use any of the 215 ATM's in the network with no user fees. Visit www.inbalanceatms.com for a location near you.
NOW AVAILABLE: E-Statements - Receive your monthly bank statement by secure e-mail. Contact any Security State Bank Employee for details.
IRA's now insured up to $250,000 per depositor by the FDIC. Our IRA's have no annual maintenance fees and no fees for regular disbursements
We now offer Health Savings Accounts.
What is a Health Savings Account?
A Health Savings Account (HSA) is an IRA-like account that offers a tax-favored means of saving for and paying the qualified medical expenses of the HSA Account Owner, his or her spouse and/or dependents.
What are an HSA's Benefits?
Some benefits of an HSA include the following.
- HSA contributions are tax deductible.
- HSA earnings are tax-deferred.
- If used for qualifying medical expenses, HSA assets are never taxed.
- Contributions can be carried over from one tax year to the next.
- HSA assets are portable
Who is Eligible for an HSA?
In general, an individual is eligible to contribute to an HSA for any month if he or she is covered under a High Deductible Health Plan (HDHP), is not also covered by any other health plan that is not an HDHP (with certain exceptions), is not enrolled in Medicare, and is not claimed as a dependent on another person's tax return.
Who May Contribute to an HSA?
Really, anyone, and there can be multiple contributors, however, the most likely contributors are the HSA Account Owner, his or her family members, and employer.
- The APY on our Health Savings Accounts is 1.25% as of July 27, 2009.
- The Minimum Amount required to open a Health Savings Account is $250.00.
- The Account Opening Fee is $25.00.
- The Monthly Service Charge is $5.00.
- Interest Rates are subject to change after account opening.
- Fee and Monthly Service Charges will reduce earnings.
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