Checking
With more than 120 years of service, State Bank of Danvers has a checking product to meet your needs, from standard checking options to special accounts.
Premier Checking
- $5.00 base charge per month, plus:
- check statement plus images of all physical items(fronts)
- free binder with monthly dividers for your statements
- free reprint of one image per month
- free notary public service
- $10.00 discount on safe deposit box rental
- free photocopies(5 per visit)
- $1.50/month discount on Debit Card
- $25.00 minimum opening deposit
Basic Checking
- No service charge if low balance of $300.00 is maintained, if not then $2.00 service charge per month
- includes none of the above services
- $25.00 minimum opening deposit
NOW Account
- No service charge if average daily balance is over $1,500.00, $2.50 service charge per month if average daily balance is below $1,500.00 plus $0.15 per check, $5.00 service charge per month if average daily balance is below $750.00 plus $0.15 per check
- $10.00 discount on safe deposit box rental
- $1.00/month discount on Debit Card
- $25.00 minimum opening deposit
Money Market Checking
- $15.00 service charge per month if the average daily balance is below $2,500.00
- $10.00 discount on safe deposit box rental
- $1.00/month discount on Debit Card
- $2,500.00 minimum opening deposit
- must maintain $2,500.00 average daily balance to obtain disclosed APY
Checking Account Rates
Scroll table to the left to see more data.
| Account | Interest Rate* | Annual Percentage Yield* |
|---|---|---|
| NOW Account $1,500.00 - $24,999.99 | .95%V | .95%V |
| NOW Account $25,000.00 and up | 1.10%V | 1.10%V |
| Money Market $2,500.00 - $24,999.99 | 1.00%V | 1.00%V |
| Money Market $25,000.00 and up | 1.25%V | 1.26%V |
- Fees may reduce earnings on these accounts
- Earning paid on average daily balance
- Please contact an employee for further information about applicable fees and terms
- Deposits insured to at least $250,000 by the FDIC
- V-indicates variable rate
- Rates effective as of 9-20-2023
YOUR MONEY, AT YOUR FINGERTIPS
Open a Checking Account Today
The State Bank of Danvers team and digital banking solutions are here to serve you and your checking needs.