"Bank Where You're Known"
AUGUST 1, 2016 — As the president of The State Bank Group, I want to welcome the customers of Harvard Savings Bank. As of August 1, 2016, The State Bank Group officially acquired certain assets of Harvard Savings Bank.
This acquisition combines two banks that share a lot of common values when it comes to personalized service, commitment to the customer and community involvement. We have always believed in developing banking relationships to stand the test of time and create positive outcomes for businesses, homeowners, families and individuals.
Combining The State Bank Group with Harvard Savings Bank allows for the collective customers of each bank to benefit from additional products, services, and locations to better meet the needs of our customers and communities. The long-standing histories of both The State Bank Group and Harvard Savings Bank combine to over 100 years of institutional strength and community foundation.
The State Bank Group has six McHenry County locations. Combined with Harvard Savings Bank, there will be nine locations to better serve our customers:
As always, familiar faces and caring professionals will be ready to assist you and answer your questions.
Harvard Savings Bank locations will continue to run their current banking system until approximately the spring of 2017.
In the meantime, all bank customers can conduct transactions at any of the collective banking locations listed above. There will be no need to immediately change account information.
Additionally, Harvard customers can use the ATMs of The State Bank Group and vice-versa and any ATM fees for using either bank’s ATMs will be waived.
Some of the State Bank Group’s products and services will be available immediately to Harvard Savings Bank customers and others will become available once the banks’ systems are fully merged, The State Bank Group looks forward to having Harvard Savings Bank customers enjoy a greater range of benefits:
All deposits are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000. Please refer to our website at thestatebankgroup.com for more information to address more detailed questions about the acquisition and banking transactions. We also encourage you to speak with our banking professionals. Thank you to all our customers and we will be working hard every day to ensure your banking experience is superior and that we deserve your continued business. Watch for details in the future as we make positive and exciting enhancements for you.
Available to Harvard Savings Bank Customers Only. Questions? Please Read New Customer FAQs
Harvard Savings Bank Online Banking, it’s fast, easy & free!
See for yourself!
If you have a wire transfer sent to your account at Harvard Savings Bank, you will need to contact the bank directly. Please call 815-943-7000.
With Overdraft Protection Transfer, we will use your own money to protect your checking account from overdrafts. We will automatically transfer money from your Harvard Savings Bank and Loan savings account or deposit account to your checking account in order to protect your checking account from an overdraft.
Here’s how it works:
THESE TERMS GOVERN THE USE OF THIS WEBSITE. PLEASE READ THEM CAREFULLY BEFORE ACCESSING THIS SITE.
This website has been established by the Bank for the sole purpose of conveying information about the Bank’s products and services and to allow communication between the Bank and its customers. Information that appears on this website should be considered an advertisement. Nothing contained in any page on this site takes the place of the bank’s agreements and disclosures that govern its products and services. If any information on the site conflicts with that in the bank’s agreements and disclosures, the agreements and disclosures will control. From time to time the Bank may place links to other websites on this page. The Bank has no control over any other website and is not responsible for the content on any site other than this one. Users assume all responsibility when they go to other sites via the links on this page. The information and materials contained in this website are owned by the Bank or by others, as applicable. No material may be copied, displayed, transmitted, distributed, framed, sold, stored for use, downloaded, or otherwise reproduced except as permitted by law. The Bank makes no warranties of any kind regarding the products and services advertised on this site. The Bank will use reasonable efforts to ensure that all information displayed is accurate; however, the Bank expressly disclaims any representation and warranty, expressed and implied, including, without limitation, warranties of merchantability, fitness for a particular purpose, suitability, and the ability to use the site without contracting a computer virus. The Bank is not responsible for any loss, damage, expense, or penalty (either in tort, contract, or otherwise), including direct, indirect, consequential and incidental damages, that result from the access of or use of this site. This limitation includes, but is not limited to the omission of information, the failure of equipment, the delay or inability to receive or transmit information, the delay or inability to print information, the transmission of any computer virus, or the transmission of any other malicious or disabling code or procedure. This limitation applies even if the Bank has been informed of the possibility of such loss or damage.
Direct Deposit is a safe and easy way to have funds deposited directly into your Harvard Savings Bank accounts. Here are a few reasons to take advantage of this service:
Please contact the organization that issues the check for their direct deposit form. Fill it out completely using the Harvard Savings Bank routing number (271972103) and your respective account number. If you need assistance filling out the form, please stop by any of our offices.
For Direct Deposit of your Social Security payments, you can contact the Social Security Administration directly at 800-772-1213 or go to www.socialsecurity.gov.
|Features||WOW Rewards Checking||Lifetime Checking||Basic Checking||Gold Premier Money Market|
|Opening Deposit Requirement||$100||$700||$200||$5,000|
|Monthly Service Fee||$0||$10||$0||$10|
|Minimum balance to avoid service fee||$0||$700||$0||$5,000|
|Unlimited Check Writing|
|Foreign ATM Surcharge fees returned||up to $10 per month|
|Online Banking & Bill Pay||Free||Free||Free||Free|
|Free Debit Card|
|Overdraft Protection Transfer|
|Free Cashiers Checks/Money Orders|
|Account Requirements||Fifteen (15) signature based debit card transactions and one (1) direct deposit each statement cycle to receive premium interest rate and ATM refunds||Six total withdrawals per statement cycle. A fee of $5 will be assessed for each check in excess of six during the statement cycle. Unlimited over-the-counter withdrawals.|
|Interest Rate and **APY (Annual Percentage Yield) are variable and subject to minimum balance requirements, tiered rates and subject to change at any time. Rate sheets are available upon request. Fees could reduce earnings. Up to $10 refunded in the statement cycle if the requirements are met.|
The best rewards are those that are easy to earn! With WOW Rewards Checking, get paid a higher interest rate by using your debit card and having a direct deposit! Features: No minimum balance requirement, No monthly maintenance charge, Earn APY* on balances up to $15,000 AND receive up to $10 ATM Refunds nationwide when you have 15 signature based debit card transactions and 1 direct deposit each statement cycle. Unlimited check writing, FREE e-Statements, Overdraft Protection, Transfer option, FREE Online Banking & Bill Pay, MasterCard Debit Card, EZ-Bank 24-hour telephone banking. $100 to open. Fees may reduce earnings. See banker for complete account details.
*To receive stated annual percentage yield and up to $10 in ATM Refunds nationwide, you must meet the following qualifications each monthly statement cycle: 1. Make 15 signature-based (non-PIN) point of sale (POS) purchases that post to your account during the monthly statement cycle with your HSB MasterCard Debit Card, 2. Receive a minimum of one direct deposit to your account during the monthly statement cycle. If you do not meet the qualifications during the monthly statement cycle, your account will still function as a basic checking account with an interest rate on all balances and you will not receive ATM refunds for that statement cycle. Fees could reduce earnings. Qualifying transactions must post and clear to the account during the monthly statement cycle.
Ideal for those who want convenience & interest! Tiered interest rates–the more money you have in your account the more interest you will earn! Features: No monthly maintenance charge,* Unlimited check writing,* FREE e-Statements, Overdraft Protection, Transfer option, FREE Online Banking & Bill Pay ,MasterCard Debit Card, No Fee single-signature traveler’s checks, EZ-Bank 24-hour telephone banking, $700 to open. *If your balance falls below $700 within the monthly statement cycle, the account will be assessed a $10.00 charge plus $.25 per check over 10 for that monthly period. Fees could reduce earnings.
|Balance to Maintain APY*||Minimum Deposit to Open**|
|$0.00 to $999.99||$700|
|$1,000.00 to $9,999.99||$700|
|$10,000.00 to $24,999.99||$700|
|$25,000.00 to $74,999.99||$700|
|$75,000 or more||$700|
**If your balance falls below $700 within the monthly statement cycle, the account will be assessed a $10.00 charge, plus $.25 per check over 10 for that monthly period. Fees could reduce earnings.
Convenient and worry-free checking! Features: No minimum balance requirement, No monthly maintenance charge, Unlimited check writing, FREE e-Statements, Overdraft Protection, Transfer option, FREE Online Banking & Bill Pay. MasterCard Debit Card, EZ-Bank 24-hour telephone banking, $200 to open.
Every check order is FREE, FREE Online Banking & Bill Pay, e-Statements, MasterCard Debit Card, EZ-Bank 24-Hour Telephone Banking, Free single party travelers checks, and Free money orders, bank checks and cashiers checks.
|Balance to Maintain APY*||Minimum Deposit for Open**|
|Up to $4,999.99||$5,000|
|$5,000.00 to $24,999.99||$5,000|
|$25,000.00 to $49,999.99||$5,000|
|$50,000.00 to $99,999.99||$5,000|
|$100,000.00 to $174,999.99||$5,000|
|$175,000 or more||$5,000|
*Annual Percentage Yield
***If the balance falls below $5,000 during the monthly cycle an $10.00 service charge will be assessed to your account.
Bill Pay Customer Support Line: 855-723-2228
Harvard Savings Bank
58 N. Ayers St.
Harvard IL, 60033
The information here describes our policy of holding deposited items in a transaction account before funds are made available to you for withdrawal. This is our Funds Availability Policy. In summary, our policy is to make your funds available on the first Business Day after the day of deposit. Please refer to the section DETERMINING THE AVAILABILITY OF YOUR DEPOSIT for the complete policy.
For purposes of this disclosure, the terms "you"/"your" refer to the customer and the terms "our/"we"/"us" refer to HARVARD SAVINGS BANK. Generally, transaction accounts are accounts which would permit an unlimited number of payments by check to third persons, and also an unlimited number of telephonic and preauthorized transfers to third persons or other accounts you may have with us.
The length of the delay varies depending on the type of deposit and is explained below. When we delay your ability to withdraw funds from a deposit, you may not withdraw the funds in cash, and we will not pay checks you have written on your account by using these funds. Even after we have made funds available to you and you have withdrawn the funds, you are still responsible for checks you deposit that are returned to us unpaid and for any other problems involving your deposit.
When we delay your ability to withdraw funds, the length of the delay is counted in Business Days from the day of your deposit. The term "Business Day" means any day other than a Saturday, Sunday or federally declared legal holiday, and the term "Banking Day" means that part of any Business Day in which we are open to the public for carrying on substantially all of our banking functions.
If you make a deposit before the close of business on a Business Day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit after the close of business or on a day that we are not open, we will consider the deposit made on the next Business Day we are open.
Same Day Availability. Funds from electronic direct deposits to your account will be available on the day we receive the deposit. In addition, funds from deposits of cash (if made in person to an employee of HARVARD SAVINGS BANK*), and wire transfers, will also be available on the day of deposit.
Next Day Availability. Funds from deposits of U.S. Treasury checks (if payable to you and deposited into your account), U.S. Postal Service Money Orders (if payable to you and deposited into your account, and the deposit is made in person to an employee of HARVARD SAVINGS BANK*), Federal Reserve Bank or Federal Home Loan Bank checks (if payable to you and deposited into your account, and the deposit is made in person to an employee of HARVARD SAVINGS BANK*), State or Local Government checks (if payable to you and deposited into your account, and the deposit is made in person to an employee of HARVARD SAVINGS BANK*), Cashier's, Certified, or Teller's checks (if payable to you and deposited into your account, and the deposit is made in person to an employee of HARVARD SAVINGS BANK*), and checks drawn on us are available on the first Business Day after the day of your deposit.
* If you do not make your deposit in person to one of our employees (for example, if you mail the deposit), funds from these deposits will be available no later than the second Business Day after the day of your deposit.
Other Check Deposits. Funds from all other check deposits will be available on the first Business Day after the day of deposit.
If we cash a check for you that is drawn on another financial institution, we may withhold the availability of a corresponding amount of funds that are already in your account. Those funds will be available at the time funds from the check we cashed would have been available if you had deposited it and we decided to delay availability of the deposit.
In some cases, we will not make all of the funds that you deposit by check available to you according to the previously stated availability schedule. Depending on the type of check you deposit, funds may not be available until the second Business Day after the day of your deposit. The first $200.00 of your deposits, however, may be available on the first Business Day after the day of deposit.
If we are not going to make all of the funds from your deposit available to you according to the previously stated availability schedule, we will notify you at the time you make your deposit. We will also tell you when the funds will be available. If your deposit is not made directly to one of our employees, or if we decide to take action after you have left the premises, we will mail you the notice by the day after we receive your deposit. If you will need the funds from a deposit right away, you should ask us when the funds will be available.
Funds you deposit by check may be delayed for a longer period under the following circumstances: (a) if we believe a check you deposit will not be paid; (b) if you deposit checks totally more than $5000 on any one day; (c) if you deposit a check that has been returned unpaid; (d) if you have overdrawn your account repeatedly in the last six months; or (e) if an emergency condition arises that would not enable us to make the funds available to you, such as the failure of computer or communications equipment.
We will notify you if we delay your availability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than the seventh Business Day after the day of your deposit. If you will need the funds from a deposit right away, you should ask us when the funds will be available.
If you are a new customer, the following special rules will apply during the first 30 days your account is open.
Funds from electronic direct deposits to your account will be available on the day we receive the deposit. Funds from deposits of cash, wire transfers, and the first $5,000 of a day's total deposits of cashier's, certified, teller's, traveler's, and federal, state, and local government checks will be available on the first Business Day after the day of deposit if the deposit meets certain conditions. For example, the checks must be payable to you (and you may have to use a special deposit slip). The excess over $5,000 will be available on the ninth Business Day after the day of your deposit. If your deposit of these checks (other than a U.S. Treasury check) is not made in person to one of our employees, the first $5.000 will not be available until the second Business Day after the day of deposit.
Funds from all other check deposits will be available on the seventh Business Day after the day of your deposit.
Checks drawn on financial institutions outside of the U.S. (foreign checks) cannot be processed the same as checks drawn on U.S. financial institutions. Foreign checks are exempt from the policies outlined in this disclosure. Generally, the availability of funds from deposits of foreign checks will be delayed for the time it takes us to collect the funds from the financial institutions upon which they are drawn.
If you make a deposit at an automated teller machine (ATM) that is owned and operated by us before 2:00 pm Central Time on a Business Day that we are open, we will consider the deposit made that day. However, if you make a deposit at an ATM that is owned and operated by us after 2:00 pm Central Time or on a day that we are not open, we will consider the deposit made on the next Business Day we are open.