Balances over $49,999.99
Interest Rate: 0.81%25
Annual Percentage Yield*: 0.81%25
No Active Relationship
Balances through $9,999.99
Interest Rate: 0.10%25
Annual Percentage Yield*: 0.10%25
Balances over $9,999.99
Interest Rate: 0.25%25
Annual Percentage Yield*: 0.25%25
Disclosure:
Variable Rate Account: The interest rate and Annual Percentage Yield may change. At our discretion, we may change the interest rate on your account at any time.
Fees could reduce earnings.
We use the daily balance computation method on daily collected balances to calculate the interest on your account. The method applies a daily periodic rate to the principal in the account each day.
Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (i.e. checks).
There can be no more than six pre-authorized, automatic or telephone transfers (to a third person or to another account of yours at Summit Bank) per one month cycle, of which no more than six can be by check, draft, debit card or similar order payable to a third party.
*Annual Percentage Yield accurate as of December 15, 2010
Overdraft Protection Disclosure
Overdraft Protection is available for your personal checking account. This program will automatically pay up to $600.00 for accounts in good standing. Our standard NSF/Overdraft charge of $29.50 per item will apply.
An insufficient balance could result in several ways, such as (1) the payment of checks, electronic funds transfers or other withdrawal request; (2) payments authorized by you; (3) the return of unpaid items deposited by you; (4) the imposition of bank service charges; or (5) the deposit of items which, according to the bank's Funds Availability Policy, are treated as not yet available or finally paid. We are not obligated to pay any item presented for payment if your account does not contain sufficient funds. However, if you maintain your account in good standing (defined as making regular deposits and bringing your account to a positive balance at least once every 30 days) and there are no legal orders outstanding, we may approve your reasonable overdrafts as a non-contractual courtesy. You may opt-out of the privilege at any time, but you are responsible for any overdrawn balances at the time of opting out. Normally, we will not approve an overdraft for you in excess of the predetermined amount assigned to your account type. So as not to exceed your limit, you should note that the amount of the overdraft plus the bank's standard NSF/Overdraft charge ($29.50 per item) will be deducted from the overdraft limit. We may refuse to pay an overdraft for you at any time, even though we may have previously paid overdrafts for you. You will be notified by mail of any non-sufficient funds handling charge(s) that you owe us and shall be due and payable upon demand.
Upon receipt of notice of the overdraft from the bank, you should make every attempt to bring your account to a positive balance within 30 days.
Safe Harbor Savings
Continue to grow your money safely. Give yourself the peace of mind that comes with knowing your money is not only protected, but working for you.
Keep building on your savings with a minimum to open of $5000
Interest bearing account
Interest is credited and compounded quarterly
Interest is paid on entire collected balance
Free Online Banking
Reduce clutter and keep your information more secure with free e-statements
Six free withdrawals/debits per quarter
$5 fee per withdrawal after six per quarter
$15 quarterly fee if balance falls below $5000
Sprout Savings
Watch your money continue to Sprout.
Continue your savings growth with a minimum to open of $500
Interest bearing account
Interest is credited and compounded quarterly
Interest is paid on entire collected balance
Free Online Banking
Reduce clutter and keep your information more secure with free e-statements
Six free withdrawals/debits per quarter
$5 fee per withdrawal after six per quarter
$10 quarterly fee if balance falls below $500
Sprout Jr. Kids Savings
It is never too early to start saving for the future. The Sprout Jr. Kids Savings account helps kids 17 years and younger develop healthy savings habits while having fun. Open a Sprout Jr. Kids Savings account and watch your savings sprout.
Start your kid's savings account today with a minimum of $10
Interest bearing account
Interest is credited and compounded quarterly
Interest is paid on entire collected balance
Free Online Banking
Pay allowances through account to account transfers online
Kids can follow their progress through Online Banking
Six free withdrawals/debits per quarter
$5 fee per withdrawal after six per quarter
Reduce clutter and keep your information secure with free quarterly e-statements
No ongoing balance requirements
Parental consent is required
Certificates of Deposit
A safe way to make money on your savings.
1 MONTH
0.20%
0.20%
2 MONTH
0.20%
0.20%
3 MONTH
0.20%
0.20%
6 MONTH
0.35%
0.35%
12 MONTH
0.50%
0.50%
18 MONTH
0.70%
0.70%
24 MONTH
1.00%
1.00%
30 MONTH
1.05%
1.05%
36 MONTH
1.34%
1.35%
48 MONTH
1.49%
1.50%
60 MONTH
1.69%
1.70%
IRA 18 MONTH VARIABLE
0.74%
0.74%
Individual Retirement Accounts
A simple, tax-deductible saving strategy for your retirement. Set up your IRA by stopping by your nearby Summit Bank branch.
If you want the flexibility to purchase whatever you need and a card that is safe and secure, then the Summit Bank Visa Check Card is the perfect solution for you. It's the card that works like a check, only better.
Your check card is fast! Present your card at time of purchase, sign the receipt and you're on your way.
You get a receipt with every purchase and a detailed record of every transaction on your checking account statement.
Make purchases from merchants anywhere and get cash out of your personal or business checking and savings accounts at ATMs worldwide.
Your check card is safer than carrying checks or cash & the Visa Zero Liability policy provides protection from unauthorized purchases.
Your check card is accepted in millions of places worldwide and is great for Internet or telephone purchases.
Why you should consider Summit Bank for all your loan needs
Superior Customer Service
Wide Selection of Loan Programs
Hassle-free and Local Loan Process
Quick Loan Approvals
Competitive Rates
Fast and Flexible Service
Convenient Locations
Your business is important to us and we want to be your first choice when you are looking to borrow. Our experienced loan professional will find the loan that works best for you and your dreams.
At Summit Bank, we approve your loan locally - no more waiting for an out-of-town banker to make a decision affecting your credit. We offer competitive rates and terms on loans that will cover just about any of your needs - a new car or boat, house remodeling, or just a little extra traveling money.
Visit your local Summit Bank today for information on current rates and terms.
If you want the flexibility to purchase whatever you need and a card that is safe and secure & the Summit Bank Visa Check Card is the perfect solution for you.
It's the card that works like a check, only better.
Your check card is fast. Present your card at time of purchase, sign the receipt and you're on your way.
You get a receipt with every purchase and a detailed record of every transaction on your checking account statement.
Your check card is safer than carrying checks or cash, and the Visa Zero Liability policy provides protection from unauthorized purchases.
Your check card is accepted in millions of places worldwide and is great for Internet or telephone purchases.
CUSTOMER OVERDRAFT POLICY
An insufficient balance can result from several events, such as (1) the payment of checks, electronic funds transfers or other withdrawal requests; (2) payments authorized by you; (3) the return of unpaid items deposited by you; (4) bank service charges; or (5) the deposit of items which, according to the bank's Funds Availability Policy, are treated as not yet available or finally paid. We are not obligated to pay any item presented for payment if your account does not contain sufficient funds. However, if you maintain your account in good standing, we may approve your overdrafts within your current available Overdraft Protection limit as a non-contractual courtesy. Your account is in good standing if you (1) demonstrate responsible account management? such as making regular deposits to bring your account to a positive end-of-day balance at least once every 30 days (including the payment of all bank fees and charges); (2) avoid excessive overdrafts suggesting the use of Overdraft Protection as a continuing line of credit; and (3) there are no legal orders, levies or liens against your account. In addition, based upon our review of your account management, if we determine you may be using Overdraft Protection as a regular line of credit by creating excessive overdrafts, we may suspend the privilege without any prior notice. In the normal course of business, we generally pay electronic transactions first and then checks high to low, per the bank?s policy. We reserve the right to change the order of payment without notice to you if we suspect fraud or possible illegal activity affecting your account. Also, please be aware that the order of item payment may create multiple overdrafts during a single banking day for which you will be charged our paid item OD fee of $29.50 for each overdraft paid. You may opt out of the privilege at any time, but you are responsible for any overdrawn balances at the time of opting out. Normally, we will not approve an overdraft for you in excess of the predetermined amount assigned to your account type. So as not to exceed your limit, please note that the amount of the overdraft plus the bank?s paid item OD fee of $29.50 per item will be deducted from the overdraft limit. We may refuse to pay an overdraft for you at any time even though we may have previously paid overdrafts for you. You will be charged a returned item NSF fee of $29.50 for each item returned. You will be notified by mail of any non-sufficient funds items paid or returned that you may have; however, we have no obligation to notify you before we pay or return any item. The amount of any overdraft plus our paid item OD fee of $29.50 and/or a returned item NSF fee of $29.50 that you owe us shall be due and payable upon demand. If there is an overdraft paid by us on an account with more than one owner on the signature card, each owner and agent, if applicable, drawing/presenting the item creating the overdraft, shall be jointly and severally liable for such overdraft plus our paid item OD fee of $29.50. Overdraft Protection should not be viewed as an encouragement to overdraw your account. As always, we encourage you to manage your finances responsibly. If you would like to have this service removed from your account, please call (501) 467-3111. Please note that your Overdraft Protection limit may be available at the teller window, ATM, through a POS transaction, Online Banking and Telephone Banking. The limit will not be included in the balance provided during an inquiry.
LIMITATIONS: Overdraft Protection is a non-contractual courtesy that is available to individually/jointly owned accounts in good standing for personal or household use. Summit Bank reserves the right to limit participation to one account per household and to discontinue this service without prior notice.
STRESS-FREE SWITCH KIT
SUMMIT SWITCH makes changing banks really easy. When you open a new Summit Bank account we will give you EZEE-SWITCH forms so you can easily transfer your automatic payments and direct deposits.
Once you have received your new account number, simply notify the firms with whom you have automatic payments so that future payments will be deducted from your new Bank of the Ozarks account. Then attach a voided check or deposit slip to the completed authorization form and drop it in the mail.
To switch your direct deposits, it's just as easy. Just attach one of your new deposit slips to a completed authorization form and drop it in the mail to those who deposit into your account. Our Stress Free Switch Kit makes switching banks easy!
Enjoy the convenience of banking when and where you want with Summit Bank's Online Banking and Bill Pay.
ACCOUNT SUMMARY - Know everything about your finances with a summary of your Summit Bank personal or business accounts.
ACCOUNT DETAIL - Enjoy around the clock access to your accounts; check your balances, review your recent transactions, view images of your checks and more.
ONLINE BILL PAY - Save time and money when you pay your bills online. Pay your bills in just a few minutes from one simple screen. You can decide who, when and how much to pay.
E-STATEMENTS - Simplify your life and eliminate the paper with e-statements. Receive your statements online and you have the ability to view, print or download your statements much faster than you would have received your paper statement in the mail.
BALANCE NOTIFICATIONS - Stay informed by customizing email notifications alerting you to key account activity such as low balances or overdrafts on your account.
DATA EXPORT - With just a few clicks, you can download your account activity into Excel, Microsoft Money, QuickBooks and most Quicken file formats.
ONLINE BILL PAY
Save time and money when you pay your bills online. Pay your bills in just a few minutes from one simple screen. You can decide who, when and how much to pay.
ELEBANKER
1-888-234-0961 - 24 hours a day, 7 days a week. Our Telebanker line puts all your account information at your fingertips.
Check account balances
Hear a list of your latest transactions
Find out if direct deposits have arrived
Security code keeps your information private
Requires touch tone phone service
VISA GIFT CARDS
Need a gift that never gets returned? The Summit Bank DeluxeCard Visa Gift Card is the one size fits all perfect gift solution. It is the perfect gift for anyone, anytime. The Summit Bank DeluxeCard Visa Gift Card is a prepaid gift card that can be used anywhere Visa debit cards are accepted.
Ideal for any holiday or special occasion
Easy to stay on budget
The one gift that doesn't get returned
No more worrying about wish lists
It is always the perfect size
You can purchase your gift cards today at your local Summit Bank branch or through our website at summitbankdirect.com
OTHER SERVICES
Summit Services that SAVE you Time & Money.
LOANS AS CUSTOMIZABLE AS YOUR DREAMS
Summit Bank offers all types of loans for your borrowing needs:
Auto Loans
Vacation Loans
Home Equity Lines of Credit
Business Loans
Home Loans
Build a solid foundation for your Next Home with a Summit Bank Home Loan. Whether you are a first time homebuyer or a seasoned expert looking for a vacation home, our experienced loan professionals will help you select the mortgage plan that best meets your needs.
CHAIRMAN'S CLUB MONEY MARKET ACCOUNT
Take your money to new heights with a Chairman's Club Money Market and make your money work even harder for you.
Free Visa Check Card
Free Online Banking
Free Unlimited Bill Pay*
Free e-statements
Free Balance Notifications
Free Telebanker Access
First order of Summit Checks free
Interest bearing account
Interest paid on the entire collected balance
Interest is credited & compounded monthly
Rates are based on relationship and balance
Six free withdrawals/debits per month
$5 fee per withdrawal after six per month
$15 monthly fee if balance falls below minimum
Annual Percentage Yield (APY) is tiered by balance and will decrease if balance falls below minimum
$10,000 Minimum to Open
Free quarterly Chairman's Club newsletter
*Applicable to Customer's Checking Account
PINNACLE EDUCATOR
As an educator, you seem to find yourself focusing on your student's finance homework, rather than balancing your own finances. The Summit Bank Pinnacle Educator Account is designed specifically for you. We load you up with the extras you deserve, plus the timesaving features you need.
Free Visa Check Card
Free Online Banking
Free Unlimited Bill pay
Free e-statements
Free Balance Notifications
Free Telebanker Access
First Order of Summit Bank Checks Free
No Minimum Balance required to earn APY
$100 Minimum to Open
No Minimum Balance required
CHAIRMAN'S CLUB MONEY MARKET ACCOUNT
Take your money to new heights with a Chairman's Club Money Market and make your money work even harder for you.
Free Visa Check Card
Free Online Banking
Free Unlimited Bill Pay*
Free e-statements
Free Balance Notifications
Free Telebanker Access
First order of Summit Checks free
Interest bearing account
Interest paid on the entire collected balance
Interest is credited & compounded monthly
Rates are based on relationship and balance
Six free withdrawals/debits per month
$5 fee per withdrawal after six per month
$15 monthly fee if balance falls below minimum
Annual Percentage Yield (APY) is tiered by balance and will decrease if balance falls below minimum
$10,000 Minimum to Open
Free quarterly Chairman's Club newsletter
*Applicable to Customer's Checking Account
SUMMIT 60
Ages 60 or better
Minimum to open $5,000
Earns Interest
Unlimited checkwriting
Free Visa Check Card
Free unlimited Bill Pay
Free e-statements
$8.95 service charge if balance goes below $5,000
Minimum balance required to earn interest is $5,000
Sprout Jr. Kids Savings
