Welch State Bank realizes that there are several reasons to save money, small and big.

A Welch State Bank savings account is a great place to save money for your future needs. With FREE Online Banking and Voice Access, setting up automatic or one-time transfers from other accounts at Welch State Bank is easy and convenient. Of course, we’re always just a phone call away and always look forward to assisting you with any of your banking needs.

  • Minimum to Open : $50.00
  • Monthly Maintenance Fee : FREE
  • Interest Bearing : YES, with a daily balance of $50.00 or more
  • Withdrawals : First 6 withdrawals a quarter are FREE $2.29 per withdrawal (after the first 6 withdrawals per quarter)


Rate information - At our discretion, we may change the interest rate for this account. The interest rate on this account is 0.10% with an annual percentage yield of 0.10%.
Fees may reduce earnings.

The interest rate(s) and annual percentage yield(s) are accurate as of October 16, 2013. If you would like more current rate and yield information, please call us at (918)788-3373. The interest rate and annual percentage yield may change at any time.

Compounding frequency - Interest will be compounded quarterly.

Crediting frequency - Interest will be credited into this account quarterly.

Daily balance computation method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Accrual of interest on noncash deposits - Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.

Minimum balance to open - The minimum balance required to open this account is $50.00.

Minimum balance to obtain the disclosed annual percentage yield - You must maintain a minimum daily balance of $50.00 in your account each day to obtain the disclosed annual percentage yield.

Deposit limitations - You may make an unlimited number of deposits into your account.

Limitations on frequency of transfers - During any calendar month, you may not make more than six withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, or by check, draft, debit card or similar order to a third party. If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure by the financial institution.

Fees and Charges - The following fees and charges apply to this account:

7 Excessive Withdrawal Fee: A $2.29 withdrawal fee will be assessed for each withdrawal after the first 6 per month.