Personal Savings Accounts

We offer a variety of personal savings accounts. Take a look at our various options to find the one that best fits your needs.

Savings Account

Requirements

You must deposit $100.00 to open this account

Service Charge

$5.00 monthly charge
Your monthly service charge will be waived if you maintain a minimum daily balance of $100.00 during a calendar month.
Transfers from this account to another account or to third parties by preauthorized, automatic, computer, or telephone transfer, or by check, draft, debit card, or similar order to third parties are limited to six (6) per calendar month.
You will have an excessive debit fee of $3.00 per debit after the first three (3) debits per calendar month.

Features

Free Internet Banking
Free Mobile Banking
Free Online Bill Pay
Statements
Statements on this account are rendered each calendar quarter. You may receive a monthly “Transcript” statement if you have automatic deposits or automatic payments.
Interest Rate
Rate and Annual Percentage Yield (APY) are determined at our discretion. We may change the interest rate and APY on your account at any time.
Interest Earned
The interest earned on this account will be compounded daily and added back to the account quarterly. 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. Interest begins to accrue on the business day that you deposit noncash items (for example, checks).

Certificate of Deposit

A Certificate of Deposit is a non-negotiable, interest-bearing instrument with which a customer promises to keep his funds on deposit for a specified length of time, thereby earning a guaranteed rate of return.

Regular CD Rates Jumbo CD Rates

Schertz Bank & Trust offers fixed rate, simple interest CDs for different terms and rates. CDs are automatically renewable. Different rates are offered for Jumbo CDs ($100,000.00 or more).

Contact our New Accounts Department for further information on terms, rates, interest payments, and penalties on regular CDs.

Regular CDs

Three month CD

Automatically renewable
Interest paid at term back to CD
Penalty for early withdrawal is an amount equal to one month's interest.
Redeemable on day of maturity or within 10 days after without penalty

Six month CD

Automatically renewable
Interest paid at term back to CD
Penalty for early withdrawal is an amount equal to one month's interest.
Redeemable on day of maturity or within 10 days after without penalty

12 month CD to 24 month CD

Automatically renewable
Interest paid quarterly back to CD
Penalty for early withdrawal is an amount equal to three month's interest.
Redeemable on day of maturity or within 10 days after without penalty

3 Year CD to 5 Year CD

Automatically renewable
Interest paid quarterly back to CD
Penalty for early withdrawal is an amount equal to six month's interest.
Redeemable on day of maturity or within 10 days after without penalty

Jumbo CDs

Automatically renewable
Terms up to 60 months
Interest paid quarterly on one year and higher
Penalties – One month's interest for one, three, or six month CD; three month's interest for 12 month CD and 24 month CD; six month’s interest for 3-5 year CD

Individual Retirement Accounts

We offer

Fixed Rate IRAs
Variable Rate IRAs

Contact our New Accounts Department for further information on terms, rates, interest payments, and penalties on fixed rate or variable rate IRAs.