The Baldwin State Bank Rates & Review

The Baldwin State Bank Review

Established in 1892, the locally owned Baldwin State Bank offers checking, savings, and loan products to residents of Baldwin City, Kansas, including students at Baker University.

Checking account plans

Personal checking account options at Baldwin State Bank include Free Checking, Baker Student Checking, Regular Checking, NOW Checking and Special Checking (no minimum balance). There is a Money Market Account with checking privileges as well as Commercial checking and savings account plans.

The money market account features free checks, a $100 minimum balance, and six withdrawals allowed each month at no charge. The bank's regular checking account offers no monthly service charge if a $500 balance is maintained.

Savings account plans

Savings account options at Baldwin State Bank,include Regular, Special, IRA, and CD account options. The bank's 18 month CD IRA requires a $500 minimum to open.

Loans

Loan products at The Baldwin State Bank include consumer loans for cars, boats, RVs or personal emergencies; commercial loans for buildings, inventory and equipment; home purchase or refinance mortgage loans; agricultural and student loans. Loans feature flexible payment plans, competitive interest rates, a dedicated loan officer, no prepayment penalty and low fee expenses.

Banking services

In addition to its banking products, The Baldwin State Bank offers related services such as online banking and online bill pay. Customers can also take advantage of mortgage and loan payment calculators, plus savings estimators and debt payoff calculators on the bank's website.

Deposit insurance

The Baldwin State Bank has been insured by the Federal Deposit Insurance Corporation since 1934.

In July 2010, FDIC coverage for eligible deposits was permanently increased from $100,000 to $250,000 per depositor. Joint accounts are insured by FDIC up to at least $250,000 per account holder.

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