Sanger Bank has several types of accounts to meet your banking needs. Please see them listed below in detail.  We feel that Sanger Bank can go a step above other banks with our friendly and helpful staff to meet your banking needs.  We can help you decide which account works best for you.

STUDENT ACCOUNT

Minimum balance to open the account – You must deposit $50.00 to open this account. Minimum balance to avoid imposition of fees – A monthly service charge fee of $7.00 will be imposed every statement cycle if the balance in the account falls below $100.00 any day of the cycle.

SENIOR CITIZENS ACCOUNT (MUST BE 60 YEARS OR OVER)

Minimum balance to open the account – You must deposit $50.00 to open this account. Fees – No monthly service charge is accessed.  Pre-selective checks are free.

FREE AND EASY CHECKING Minimum balance to open the account - You must deposit $100.00 to open this account. Fees- No monthly service charge is accessed.

REGULAR CHECKING ACCOUNT

Minimum balance to open the account – You must deposit $100.00 to open this account.  Minimum balance to avoid imposition of fees – If your balance in the account falls below $400.00 on any day in the monthly statement cycle we will impose a monthly service charge fee of $8.00 for that monthly statement cycle. If your balance is at least $400.00 on every day in the monthly statement cycle but falls below $750.00 on any day during the monthly statement cycle we will impose a monthly service charge fee of $7.00 for that monthly statement cycle. If your balance is at least $750.00 on any day in the monthly statement cycle but falls below $1,000.00 on any day during the monthly statement cycle we will impose a monthly service charge fee of $6.00 for that monthly statement cycle.

NOW ACCOUNT

Rate Information – Your interest rate and annual percentage yield may change. Frequency of rate changes – We may change the interest rate on your account at any time. Determination of rate – At our discretion, we may change the interest rate on your account.  Compounding and crediting frequency – interest will be compounded every month.  Interest will be credited to your account every month. Effect of closing an account – If you close your account before interest is credited, you will not receive the accrued interest. Minimum balance to open the account – You must deposit $1,000.00 to open this account. Minimum balance to avoid imposition of fees – A service charge fee of $12.00 will be imposed every statement cycle if the balance in the account falls below $1,000.00 any day of the cycle. 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. 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).

SUPER MONEY MARKET ACCOUNT

Rate Information – Your interest rate and annual percentage yield may change.  Frequency of rate changes – We may change the interest rate on your account at any time. Determination of rate – At our discretion, we may change the interest rate on your account. Compounding and crediting frequency – Interest will be compounded every month.  Interest will be credited to your account every month. Effect of closing an account – If you close your account before interest is credited, you will not receive the accrued interest. Minimum balance to open the account – You must deposit $2,500.00 to open the account. Minimum balance to avoid imposition of fees – A service charge fee of $15.00 will be imposed every statement cycle if the balance in the account falls below $2,500.00 any day of the cycle. 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. 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. 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). Transaction limitations: Transfers from a Super Money Market account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per statement cycle with no more than three by check, draft, or similar order to third parties. Fees: An excess activity fee of $15.00 will be charged for each debit transaction in excess of six (or three by check) during a monthly statement cycle.

REGULAR SAVINGS ACCOUNT

Rate Information – Your interest rate and annual percentage yield may change. Frequency of rate changes – We may change the interest rate on your account at any time. Determination of rate – At our discretion, we may change the interest rate on your account. Compounding and crediting frequency – Interest will be compounded every quarter.  Interest will be credited to your account every quarter. Effect of closing any account – If  you close your account before interest is credited, you will not receive the accrued interest. Minimum balance to open the account – You must deposit $100.00 to open this account. Minimum balance to avoid imposition of fees – A service charge fee of $5.00 will be imposed every statement cycle if the balance in the account falls below $100.00 any day of the cycle. 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. 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). Transaction limitations: Transfers from a Regular Savings account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to three per statement cycle. Fees: An excess activity fee of $3.00 will be charged for each withdrawal in excess of three during a statement cycle.

CERTIFICATE OF DEPOSIT

Rate information -- Contact our new accounts department for our competative rates. Compounding frequency – Interest will be compounded on certificates with terms of less than one year.  Interest will be compounded quarterly on certificates with terms of one year or more. Minimum balance to open the account – You must deposit $500.00 to open this account. Terms -- 30 days, 180 days, 1 year, 18 months, 2 years, 3 years, 4 years and 5 years. Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity) – If your account has an original maturity of one year or less: The fee we may impose will equal one months interest on the amount withdrawn subject to penalty. If your account has an original maturity of more than one year:  The fee we may impose will equal three months interest on the amount withdrawn subject to penalty. In certain circumstances such as the death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty.  See your plan disclosure if this account is part of an IRA or other tax qualified plan.

INDIVIDUAL RETIREMENT ACCOUNT

Rate information (variable rate account) -- Contact our new accounts department for rate information at (940)458-4600 or (940)872-9600. Frequency of rate changes -- We may change the interest rate on your account every month.  Determination of rate is at our discretion, we may change the interest rate on your account. Minimum balance to open the account -- You must deposit $100.00 to open this account. Terms -- 1 year, 18 months, and 3 years.

Business Checking

Minimum balance to open the account - You must deposit $100.00 to open this account.

Minimum balance to avoid imposition of fees - A monthly service charge fee of $12.00 will be imposed every statement cycle if the balance in the account falls below $1000.00 any day of the cycle.

Sanger Bank has several types of loans available for your borrowing needs.  We have listed some loan types below.  Please contact one of our lending departments to see how we can help you. 

AUTO LOANS

RECREATIONAL  LOANS

BUSINESS LOANS

EQUIPMENT LOANS

INSTALLMENT LOANS

AGRICULTURE LOANS

MORTGAGE LOANS