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Personal

Baraboo State Bank has designed several personal checking account programs to meet your individual needs.

E-Checking

This is a non-interest-bearing account with no monthly minimum balance requirement.  Your check(s) images are not returned with your statement.

  • $50.00 deposit required to open
  • No Minimum Balance Requirement
  • Unlimited check writing
  • MasterCard Debit Card ($10.00 annual debit card fee)
  • Complimentary Welcome Pack of Checks
  • Includes online Banking, E-Statements, and Bill Pay with Direct Deposit
  • Includes Phone Banking
  • Monthly bill pay fee $4.95 will be waived with direct deposit
  • Monthly paper statement fee of $2.00 waived for those age 62+
     

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Benefit Checking With BaZing

This is a non-interest-bearing account.  Check images are not returned with your statement. Only $5.00 per month base service charge fee, which includes e-statement.

  • $50.00 deposit required to open
  • MasterCard Debit Card
  • Cell phone protection
  • ID Theft aid
  • Roadside assistance
  • $10,000 travel accidental death coverage
  • Health Savings Card
  • Shop local, Save local with BaZing savings
  • Complimentary welcome pack of checks
  • Includes online banking, E-statements, and bill payment with Direct Deposit
  • Includes phone banking
  • Monthly bill pay fee $4.95 will be waived with direct deposit
  • Monthly paper statement fee of $2.00 waived for those age 62+

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Interest Checking

This is an interest-bearing account with interest credited every month.  Maintain a minimum daily ledger balance of $500. and we will waive the $7.50 monthly base service charge fee, and $.12 per written check fee.

  • $500.00 minimum deposit required to open
  • $7.50 monthly fee if below minimum daily ledger balance
  • Unlimited check writing
  • MasterCard Debit Card
  • Complimentary welcome pack of checks
  • Includes online banking, E-Statements, and bill payment with direct deposit
  • Includes phone banking
  • Competitive interest rate paid monthly
  • Monthly bill pay fee $4.95 will be waived with direct deposit
  • Monthly paper statement fee of $2.00 waived for those age 62+

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Statement Savings

  • $50.00  minimum deposit required to open
  • $100.00 minimum balance or a $3.00 monthly fee ($100.00 balance for minors under 18 fee is waived)
  • Competitive interest rate paid quarterly
  • Includes Printed Deposit and Withdrawal slips
  • Includes Online Banking & E-Statements

 

Money Markets

Whether you choose our Pacesetter Money Market or the Premier Money Market, you can be assured that you will be earning some of the best rates around. Money Market accounts have limited check writing and other debit abilities but allow unlimited over-the-counter withdrawals. A monthly service charge and per check fee is assessed to the account if the balance falls below the required minimum.

Pacesetter Money Market

  • Two-Tier Checking Account
    • 1st tier – up to $2499.99
    • 2nd tier – $2,500 to $999,999.99
  • Allows 6 debit transactions per month
  • Unlimited over the counter withdrawals
  • $2500 minimum deposit required to open
  • $1000.00 minimum balance required to avoid a $10.00 monthly fee and $.12 per check fee
  • Competitive interest rate paid monthly

 

Premier Money Market

  • Five-Tier Checking Account
    • Up to $2499.99
    • $2,500 to $9,999.99
    • $10,000.00 to $24,999.99
    • $25,000.00 to $49,999.99
    • $50,000.00 to $999,999.99
  • Allows 6 debit transactions per month
  • Unlimited over the counter withdrawals
  • $2500 minimum deposit required to open
  • $1000.00 minimum balance required to avoid a $10.00 monthly fee and $.12 per check fee
  • Competitive interest rate paid monthly

 

Holly Days Savings

A perfect way to save for holiday expenses. Choose our automatic savings transfer to build your savings the easy way.

  • $10.00  minimum deposit required to open
  • Competitive interest rate
  • Funds available in October
  • No Withdrawals until account is mature
  • Early withdrawal results in loss of accrued interest
  • Automatic transfer from another Baraboo State Bank account into Holly Days Account available.
  • Auto deposit to credit your checking or savings at maturity is available

 

Classic Club

A personal account club where you must maintain a combined minimum balance of $5,000.00 on deposit with Baraboo State Bank.  Includes checking, savings, certificates of deposit, money market accounts and IRAs.     Classic Club Includes:

  • Interest Checking
  • MasterCard Debit Card
  • 1½x5 safe deposit box (when available)
  • Notary and Signature Guarantee
  • Personal Money Orders
  • Cashier’s Checks
  • Online Banking, E-Statements, and Bill Payment with Direct Deposit
  • Phone Banking
  • Photocopies
  • Occasional Seminars
  • Occasional Social Opportunities

 

Health Savings Accounts

Saving account allows you to save over time and have tax free payments to qualified medical expenses.

  • $100.00  minimum deposit required to open
  • $500.00 minimum balance required to avoid a $5.00 monthly fee
  • Withdrawals are tax free when used for qualified medical expenses
  • HSA balance rolls over year to year automatically
  • No Annual Account Fee
  • Competitive interest rate pays monthly
  • Unlimited Check Writing
  • $25.00 set up fee
  • First order of checks is included
  • Annual MasterCard debit card fee ($10.00) waived first year
  • Tax free earning
  • Tax deductible contributions
  • Tax free payment of qualified medical expenses (consult your tax advisor for more info)

Eligibility

  • Must be covered under a qualified, high deductible health plan
  • Cannot be covered by another health plan that is not a high deductible health plan
  • Cannot be claimed as a dependent on another person's tax return
  • Cannot be enrolled in Medicare

Contribution Limits

Contribution limits are set by the IRS. Current 2018 contribution limits are:

  • $3,500 for a single person
  • $7,000 for a family

A person age 55 or older may make an additional $1,000 in "catch-up" contributions

Certificates of Deposit

Earn a higher rate on funds not needed until a later date.  Maximize your return with flexible terms and great rates.

  • Competitive interest rate
  • Fixed Term 91 day – 364 day minimum deposit $2,500.00
  • Fixed Term 1 Year and over minimum deposit $500.00
  • 91 day simple interest – payable at maturity
  • 182 day CD compound quarterly
  • 1 year or longer compound quarterly
  • Early withdrawal penalty may apply
  • Automatically renewable.

 

Individual Retirement Accounts

  • Several rates and terms available to choose from
  • $500 minimum deposit on most IRAs
  • $100 minimum to open variable rate IRA
  • No setup or maintenance fee
  • May incur early withdrawal penalty
  • Automatically Renewable
  • Choose from Traditional or Roth

Consult a tax advisor for benefits.

Traditional IRA Features and Benefits

  • Eligibility: Must be under age 70½ and have earned income
  • Contributions may be tax-deductible*
  • Earnings grow tax-deferred
  • Withdrawals
    • Taxable, but penalty free after age 59½
    • Prior to age 59½, subject to an additional 10% penalty tax**
    • Mandatory withdrawals must begin at age 70½

*consult your tax advisor
**certain exceptions may apply (disability, first-time home purchase, qualified higher education expenses, and others)

Roth IRA Features and Benefits

  • Eligibility: No age limits, but income limits may apply
  • Contributions are not tax-deductible
  • Withdrawals
    • Original contributions may be withdrawn without tax or penalty*
    • Qualified withdrawals of earnings are tax-free and penalty-free**
    • Certain withdrawals may be subject to tax, but no penalty***
    • Early withdrawals may be subject to tax and 10% penalty
    • No mandatory withdrawals at age 70½ 

*consult your tax advisor
**qualified withdrawals: have had Roth IRA for five years and one additional qualification (over age 59½, disability, death, or qualified first-time home purchase [up to $10,000/life])
***exceptions to penalty may include health insurance, qualified higher education expenses, plan not open for five years (but other qualified reason) and others

Rollovers and Transfers

We will gladly assist you with your 401(k) rollover or IRA transfer from another custodian. Bring in your last statement, maturity notice, or rollover paperwork for assistance today.

Coverdell Education Certificate of Deposit

  • Same rates and terms as IRA accounts
  • Tax free withdrawals for qualified education expenses
  • Maximum annual contributions of $2,000.00

Consult a tax advisor for benefits and limitations.

Third Oak Trust and Investments

It is a common belief that a trust or trust department is for only those who have large estates or large sums of money to invest. In actuality, the trust department helps many individuals from all levels of wealth and income.

Our products and services are designed to assist our clients utilizing an experienced staff and the latest technology to assure that our clients receive a elevated level of personal and professional service. Our commitment to our clients is to provide financial piece of mind for you and your beneficiaries through personal attention, follow-through and solid investment performance based on the risk you are comfortable with.

  • Trust Administration
    • Revocable Trust
    • Irrevocable Trust
    • Charitable Trust
    • Special Needs Trust
    • Spendthrift Trust
    • Testamentary Trust
    • Irrevocable Life Insurance Trust
  • Estate Settlement
  • Agent/Custodial Accounts

Third Oak Trust and Investments Website