HomeStar Bank & Financial Services offers a complete line of Deposit accounts and services. From Checking to Savings and CD'S to IRA's, we have many options to suit your individual needs.

Max Checking


Customers wanting an account that includes local and national discounts. This account is perfect for that frequent CheckCard user looking for added value to their checking account.
 

Features:

  • $100.00 minimum deposit to open.
  • $6.00 monthly service charge. This charge is reduced 20 cents every time you use your HomeStar CheckCard. 30 CheckCard transactions per monthly statement cycle will reduce the monthly service charge to zero. *ATM transactions do not apply.
  • Free eStatement
    *$3.00 monthly statement mailing fee if paper statement requested.
  • Unlimited check writing.
  • A MasterMoney™ CheckCard is available on this account.
  • If account is closed within six months of opening, a $30.00 fee will be charged.

Benefits:


Local and national discounts on your favorite restaurants, services, hotels and stores. Cell phone protection, identity theft protection and much more are offered through Bazing.com
 

Student Privileges:


Opening balance and minimum balance are waived. The $12.00 annual MasterMoney™ CheckCard transaction fee is also waived. Proof of enrollment must be submitted each September. First order of select checks are free. If account is opened for a high school student parents must be cusomters of HomeStar Bank & Financial Services and joint owner of the account.
 

Interest Checking


Customers who desire interest on their checking account or carry high balances. Individuals might also use it as a savings account if they maintain over $500 or want unlimited access to their funds.
 

Features:

  • $100.00 minimum deposit to open
  • $7.50 monthly service charge if the daily balance drops below $500.00 any day of the month
  • Unlimited check writing.
  • A MasterMoney™ CheckCard is available on this account.
  • Interest will be paid on the entire balance in the account provided a daily minimum balance of $500.00 is maintained. Interest will not be earned on any day the balance in the account falls below $500.00.
  • This is a variable rate, tiered account.
  • If account is closed within six months of opening, a $30.00 fee will be charged.

Benefits:


This account rewards individuals as their balance grows. Customers may want to combine accounts in order to reach higher interest tiers. If the minimum balance is maintained, there is no service charge.
 

Basic Checking


Experienced checking account holders. Persons desiring a simple account.
 

Features:

  • $100.00 minimum deposit to open.
  • Free eStatement.
    *$3.00 monthly statement mailing fee if paper statement requested. Fee waived for Senior Basic Checking account holders.
  • Unlimited check writing.
  • A MasterMoney™ CheckCard is available on this account.
  • If account is closed within six months of opening, a $30.00 fee will be charged.

Benefits:


This account is ideal for someone who prefers a no frills checking account. As long as the customer signs up for eStatements they will never incur a monthly service charge and can write as many checks as they need to.
 

GoldStar Club


Customers age 50 or better wanting to earn interest on their checking account and allows them to participate in a social club for Seniors only.
 

Features:

  • $1,500 minimum deposit to open
  • $1,500 minimum daily balance to earn interest
  • $7.50 monthly service charge if daily balance falls below $1,500 any day of the month
  • Unlimited check writing
  • If account is closed within six months of opening, a $30.00 fee will be charged.

Benefits:


Customers can earn interest on their deposits to maximize their funds while maintaining liquidity. Priority seating on GoldStar Club trips helps to assure members will be able to participate in the trips that interest them.
 
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Home Now account


For our Mortgage loan customers who like the convenience of being able to save for their property taxes and homeowners insurance. This account allows the customer direct access to their funds when needed.
 

Features:

  • For our Mortgage customers only
  • No minimum deposit required to open
  • Unlimited check writing
  • If account is closed within six months of opening, a $30.00 fee will be charged.

Benefits:


Motgage loan customers are not required to maintain an escrow account for property taxes and homeowner's insurance. Saving regularly is the best way to ensure funds are available for these important purposes. The Home Now account is the escrow alternative. Checks should be written out of this account for tax and insurance purposes only.
 

Health Savings account


Customers who have a high deductible health plan (HDHP).
 

Features:

  • Interest paid monthly
  • Annual Contributions subject to standard limits (catch up contributions available for ages 55 and older)
  • Debit Card or checks available for withdrawal
  • Monthly statement provided
  • $100.00 minimum deposit to open
  • If account is closed within six months of opening, a $30.00 fee will be charged.

Benefits:


By establishing a Health Savings Account (HSA) - in conjunction with a high deductible health plan (HDHP) - a customer is taking healthcare savings back into his/her own hands to help make the decisions that are right for them by taking advantage of HSA benefits. HSA contributions are deductible and, if amounts are used for qualified medical expenses, distributions of any funds are tax-free and penalty free. Also, HSA balances automatically roll over from year to year, allowing the customer to budget for health expenses and build up savings to cover qualified medical expenses when the need arises.
 

Statement Personal Savings


Children, adults, seniors, or anyone interested in saving money that may need access to deposited funds.
 

Features:

  • $250.00 minimum deposit to open.
  • $5.00 monthly service charge if the daily balance drops below $250.00 any day of the month.
  • Six free withdrawals or transfers per month: $.50 thereafter.
  • An ATM card may be available on this account.
  • If account is closed within six months of opening, a $30.00 fee will be charged.

Benefits:


Ideal for people who desire to save money and who do not anticipate much account activity. The savings account is not designed as a transaction account and the fee structure nurtures savings. With no minimum balance for children under 18, it's a great way to help children establish a savings habit. Statements of account activity will arrive quarterly. An ATM Card may also be available, giving customers continuous access to funds and easy transfers between accounts.
 

Transaction Limitations:


There is no limit to the number of in-person or ATM withdrawals you may make from your account. The total of withdrawals you may make by pre-authorized, automatic, on-line, telephone or telebank transfers from your account in any one calendar month cannot exceed six. We may refuse any request for transfers in excess of these limitations. We may elect to close the account or terminate your ability to make pre-authorized, automatic, or telephone transfers from the account if you exceed these limitations.
 

Safari Savers Club account


Children up to the age of 15 years.
 

Features:

  • $10.00 minimum deposit to open.
  • $10,000.00 maximum balance
  • Six free withdrawals or transfers per month: $.50 thereafter
  • If account is closed within six months of opening, a $30.00 fee will be charged.

Benefits:


Ideal account for encouraging children to save money. Each account opened receives a Safari Gift bag. Children ages 1 day to 15 years will earn a special rate and win prizes for reaching savings goals. Statements of account activity will arrive annually as this account is maintained like a passbook savings.
 

Transaction Limitations:


There is no limit to the number of in-person or ATM withdrawals you may make from your account. The total of withdrawals you may make by pre-authorized, automatic, on-line, telephone or telebank transfers from your account in any one calendar month cannot exceed six. We may refuse any request for transfers in excess of these limitations. We may elect to close the account or terminate your ability to make pre-authorized, automatic, or telephone transfers from the account if you exceed these limitations.
 

Minor Statement Savings


Children ages 16 - 18
 

Features:

  • $100.00 minimum deposit to open.
  • No Monthly Service Charge.
  • Six free withdrawals or transfers per month: $.50 thereafter.
  • If account is closed within six months of opening, a $30.00 fee will be charged.

Benefits:


With no required minimum balance it's a great way to help children establish a savings habit. Statements of account activity will arrive quarterly.
 

Transaction Limitations:


There is no limit to the number of in-person or ATM withdrawals you may make from your account. The total of withdrawals you may make by pre-authorized, automatic, on-line, telephone or telebank transfers from your account in any one calendar month cannot exceed six. We may refuse any request for transfers in excess of these limitations. We may elect to close the account or terminate your ability to make pre-authorized, automatic, or telephone transfers from the account if you exceed these limitations.
 

Senior Statement Savings


Individuals age 60 or better.
 

Features:

  • No minimum deposit to open.
  • No monthly service charge.
  • Six free withdrawals or transfers per month: $.50 thereafter.
  • If account is closed within six months of opening, a $30.00 fee will be charged.

Benefits:


Ideal for people who desire to save money and who do not anticipate much account activity. The savings account is not designed as a transaction account and the fee structure nurtures savings. With no required minimum balance for individuals age 60 or better, it assists in building savings balances. Statements of account activity will arrive quarterly.
 

Transaction Limitations:


There is no limit to the number of in-person or ATM withdrawals you may make from your account. The total of withdrawals you may make by pre-authorized, automatic, on-line, telephone or telebank transfers from your account in any one calendar month cannot exceed six. We may refuse any request for transfers in excess of these limitations. We may elect to close the account or terminate your ability to make pre-authorized, automatic, or telephone transfers from the account if you exceed these limitations.
 

Savings Advantage


An account for individuals looking to grow their money.
 

Features:

  • $5,000.00 minimum deposit to open.
  • $10,000.00 minimum balance to earn interest.
  • Tiered Interest rates based on balance (Call or visit a branch for current rates).
  • For deposits over $10,000.00, you receive a free quote on your homeowners and/or automobile insurance from HomeStar Insurance Services.
  • For deposits over $10,000.00, you receive a free financial consultation with an Investment Advisor from HomeStar Investment Services.
  • For deposits above $100,000.00, you receive a complimentary Estate Planning Review Session with an attorney from the HomeStar Bank Trust Department.
  • If account is closed within six months of opening, a $30.00 fee will be charged.

Transaction Limitations:


There is no limit to the number of in-person or ATM withdrawals you may make from your account. The total of withdrawals you may make by pre-authorized, automatic, on-line, telephone or telebank transfers from your account in any one calendar month cannot exceed six. We may refuse any request for transfers in excess of these limitations. We may elect to close the account or terminate your ability to make pre-authorized, automatic, or telephone transfers from the account if you exceed these limitations.
 

Certificate of Deposit


Seniors, baby boomers, persons desiring a higher interest rate, and persons concerned about investment safety.
 

Features:

  • Minimum Deposits from $1,000 to $2,500.
  • Interest accrued daily.
  • Interest compounded monthly, quarterly and semi-annually.
  • Variety of rates and terms to meet individual needs.

Benefits:


The certificate of deposit is a vehicle that allows customers to gain higher rates of interest, in return for agreeing to deposit their money for a given period of time. The longer the term of the certificate, the greater the compensation in terms of interest rate. One benefit a CD has over alternative investments is that of safety. Each depositor is insured up to $250,000.00 by the FDIC. By saving locally, depositors are putting money back into their local communities.
 

Click Here to Use the Retirement Planning Calculator
 

Easy Access CD


Seniors, baby boomers, persons desiring a higher interest rate without losing liquidity.
 

Features:

  • Minimum deposit $2,500.
  • Interest accrued daily.
  • Interest paid at maturity.
  • Cannot withdraw during the first 7 days of the term or within 7 days of a previous withdrawal.
  • Fixed rate for 6 months.
  • Can withdraw down to $1,000.
  • $1,000 minimum withdrawal limit.

Benefits:


The Easy Access CD gives customers a higher rate of return than a savings account and also provides them with greater liquidity than other certificate of deposits. The term of this certificate is 6 months, but customers are able to withdraw at any time.
 

Money Market Advantage


Individuals only. For our customers who want to earn interest and that maintain higher balances in their accounts, but only need limited access to the funds.
 

Features:

  • $25,000.00 minimum deposit to open.
  • $50,000.00 minimum balance.
  • $25.00 monthly service charge if the daily balance drops below $50,000.00 any day of the month.
  • Interest will be paid on the entire balance in the account provided a daily minimum balance of $50,000.00 is maintained. Interest will not be earned on any day the balance in the account falls below $50,000.00 (Call or visit a branch for current rates).
  • $2.00 will be charged for each check in excess of six during a month.
  • $5.00 will be charged for each check written under $500.00.
  • If account is closed within six months of opening, a $30.00 fee will be charged.

Benefits:


This account allows customers to gain a high rate of interest on their deposits without committing to a fixed time frame. With check writing ability, the customer is able to pay for major purchases without visiting the bank to make a withdrawal. While the Money Market Advantage Account is not a transaction account, it does provide a great deal of convenience, as well as a high rate of return. The Money Market Advantage Account also provides customers the advantage of investments and insurance consultations.
 

Transaction Limitations:


No limit to the number of in-person withdrawals from the account. You may only make six transfers from your account each month by checks to third parties or bill payment via check. The minimum amount of a transfer allowed from this account is $500.00.
 

Individual Retirement Account (IRA)


HomeStar Bank & Financial Services offers a vaiety of Individual Retirement Accounts. Certificates of Deposit ranging from 6 months to 48 months, and an IRA Savings Account.