Better Than Free Checking
- No minimum balance required
- No monthly maintenance fee
- No Direct Deposit required
- Unlimited check writing
- Free first order of standard checks
- Free 24 x 7 Online/Telephone Banking
- Free ATM/Debit Card
- No fee by ESB for using another bank’s ATM
- Bonus rates on savings when linked
VIP Interest Checking Plus
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- No fee if minimum daily balance of $1,000 is maintained
or $3,000 in combined daily
balances in eligible savings or money market accounts. Otherwise a
$10.00 monthly fee.
- Unlimited check writing
- Free member checks (or $5.00 credit on any style)
- Free issued Travelers Checks
- Free Counter/Cashier Checks
- Free 24 x 7 Online/Telephone Banking
- Free ATM/Debit Card
- No fee by ESB for using another bank’s ATM
- Bonus rates on savings when linked
- Premium rates or options on ESB selected CD’s
- Discounted Safe Deposit Box Fee (where available)
- Discounted real estate closing costs up to $300
- Special tiered rates of interest
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$1,000 - $4,999.99
$5,000 - $19,999.99
$20,000 and above |
- Interest compounded daily and credited monthly
Money Market
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- Minimum daily balance of $2500 to avoid monthly fee of $15.00
- Monthly Statements
- Limit third party
transactions or pre-authorized transfers (including overdraft transfers)
or transfers made by personal computer or telephone to six per month, no
more than six of which may be check, draft, or debit card. Over this
limit there is a service fee. (see schedule of fees)
- Unlimited number of withdrawals in person, by mail or by ATM are allowed
- Free ATM/Debit Card
- No fee by ESB for using another bank’s ATM
- No minimum transaction amount
- Rates are based on the following tiers:
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$0.01 - $2,499.99
$2,500 - $24,999.99
$25,000 - $49,999.99
$50,000 - $99,999.99
$100,000 and above |
- Interest is compounded
daily and credited monthly
Personal Savings
At Empire State Bank, we offer a Statement Savings with
competitive tiered rates. Our Savings Builder account pays bonus tiered rates
when linked to any Empire State Bank’s checking account.
| Account Type |
Opening
Deposit |
Monthly Service
Charge |
ATM
Card |
Interest
Bearing |
Statement Savings
more info |
$100.00 |
None when $500 daily
balance is maintained |
Yes |
Yes, with
tiered rates |
Empire Savings Builder
more info |
$100.00 |
None when $500 daily
balance is maintained |
Yes |
Yes, with
tiered rates |
Minor Statement Savings
more
info |
$10.00 |
None |
No |
Yes |
Statement Savings
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- Minimum daily balance of $500 required to avoid $5.00 monthly fee
- You will receive a statement to track your activity
- Free ATM Card available
- No Fee by ESB for using another bank’s ATM
- Rates are based on the following tiers:
| |
$0.01 - $2,499.99
$2,500 - $24,999.99
$25,000 - $49,999.99
$50,000 - $99,999.99
$100,000 and above |
- Interest is compounded daily and credit monthly
Empire’s Savings Builder
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- Receive all the benefits of Statement Savings plus
- Bonus tiered rates apply when linked to an active ESB Checking
Account. If your ESB Checking is closed or becomes inactive, tiered rates for Statement Savings
will apply.
- Rates based on the following tiers:
| |
$0.01 - $2,499.99
$2,500 - $24,999.99
$25,000 - $49,999.99
$50,000 - $99,999.99
$100,000 and above |
- Interest is compounded daily and credited monthly
Minor Statement Saving
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- No monthly fee
- Only $10 to open
- Rates based on the following tiers:
| |
$0.01 - $2,499.99
$2,500 - $24,999.99
$25,000 - $49,999.99
$50,000 - $99,999.99
$100,000 and above |
- Interest is compounded daily and credited monthly
CD's & IRA’s
Empire State Bank Certificate of Deposit and IRA accounts
are a safe and secure way to earn a higher return on your investment. Highly
competitive interest rates/annual percentage yields make Empire State Bank
Certificate of Deposit and IRA accounts a wise investment.
CD’s
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- Maturities for CD’s range from 3 months to 5 years
- Minimum balance to open an account is $1,000
- Interest is compounded daily and credited monthly
- Interest can be credited to the account, transferred to
a statement savings, checking account or mailed.
- A penalty may be imposed for withdrawals before
maturity
IRA’s
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Traditional Individual Retirement Accounts (IRA’s)
A traditional IRA is a deductible personal savings plan that
can be used to build a substantial retirement fund with deferred taxes on both
principal and accrued interest.
IRA contributions may drop your taxable income into a lower
tax bracket, reducing your taxes even more. Only earned income is eligible for
an IRA.
ROTH IRA
The Roth IRA is a nondeductible IRA that offers tax-free
distributions. Tax-free earnings allow you to grow your savings at a faster
pace than taxable investments. But, the best part about this investment product
is that it offers tax-free distributions for qualified reasons. That means the
money you withdraw doesn’t have to be included at tax time.
- Maturities for IRA accounts are 3 months to 5 years
- Minimum balance to open is $1,000
- Compounded daily and credited monthly
- Penalty may be imposed for withdrawals before maturity
- No commission, fees or set-up charges
For more information about IRA products, contact one of
our branches.
Consumer Loans
Empire State Bank has the loan to fit your needs. We offer
competitive rates, flexible terms and quick approvals.
Personal Loans
Borrow up to 5 years at affordable fixed rates for any
worthwhile purpose. We offer both unsecured and secured loans (against your ESB
CD or savings account). Empire State Bank offers automatic transfers, so the
loan payment can be made automatically each month from your checking account.
Auto Loans (New and Used)
Whenever you’re ready, an Empire State Bank auto loan gives
you all the purchasing power you need to shop for the car of your dream. New
car terms of up to 5 years. Used car terms up to 4 years.
Line of Credit (Overdraft Protection)
Eliminate the worry about ever writing a check with
insufficient funds in your checking account. A Line of Credit at Empire State
Bank gives you automatic coverage up to your credit limit whenever you need it.
Home Equity Loans
Empire State Bank can help you turn the equity in your home into instant cash for virtually any purpose. Maybe a new addition, new furniture, college expenses, an investment or any other purpose; with either a fixed rate or line of credit we can make it happen. Loans available up to $200,000 with flexible terms and No Closing Cost options. For more information, call a Loan Specialist at 1 877 413 6557.
Home Mortgage Loans
Our local staff of seasoned professionals understand just how important it is to get you the loan that’s designed to fit your needs and make your loan process as efficient and simple as possible with one major key advantage. ….decisions are made locally. Loan specialists are available to come to you 24 x 7. Call 1 877 413 6557. Here are a variety of ways we can help:
- 1-4 family, co-ops and condos
- Construction and permanent financing
- Low down payment options
- Free rate locks
- Free pre-qualification
- First time Home Buyers programs
- FHA and Reverse Mortgages
- Less than perfect credit
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