Benefits for Employees

Benefits for Employees

Do you believe that your employees are your business’s greatest asset? If so, you’ll like knowing that State Bank understands the value of employee retention and satisfaction. As your bank partner we can help you retain what we feel is often the greatest asset of a business: the people.

Benefits for Employees

View all of our options below.

 

As your bank partner, State Bank can offer your employees exclusive account options with added benefits and savings at no cost to you. It's a program we call ShareSmart@Work, and it’s our way of giving a little something back to the employees who work so hard to make your business successful.

  • Earn $100.00 with new State Bank Cash Rewards checking1
  • Earn .25% discount off a consumer loan with automatic payment2
  • Receive $100.00 off new mortgage loan closing costs3
  • No closing cost home equity line with simultaneous mortgage closing4
  • Earn 2,500 Reward Points with a new qualified State Bank Visa® Credit Card5
  • Complimentary financial plan review through our Wealth Management team6

Not valid with other offers. Offer expires 12/31/18. 1Open a new State Bank Cash Rewards checking account. To receive $100 bonus sign up for eStatements, debit card, direct deposit and have a direct deposit transaction within 60 days of account opening. The $100 bonus will be deposited into your new account within 30 days of meeting the promotion requirements. Offer available to individuals without an existing checking account at State Bank. A $25.00 fee applies if a checking account is closed within 180 days. Minimum to open account is $25.00. 2Subject to credit approval. Excludes specials and home equity lines of credit. 3Subject to credit approval. Available to new State Bank mortgage customers only. 4Subject to credit approval. Home Equity application must be completed at time of mortgage application and close simultaneously. Interest rates may vary and are indexed to the Prime Rate as published by The Wall Street Journal. Your actual rate and credit limit will dependonloan to value and your credit score. An early termination fee equal to 2% of the credit limit up to a maximum of $350.00 will be charged if the account closes within 24 months. Property insurance is required (and flood insurance, if applicable). If you made only the minimum payment and took no other credit advances, it would take 15 years to pay off a credit advance of $10,000.00 at an ANNUAL PERCENTAGE RATE of 4.25%. During that period, you would make 60 monthly payments ranging from $32.60 to $36.10. Then you would make 120 monthly payments of $102.44. The plan has a variable rate feature and your APR will not exceed 18%. 5Subject to credit approval. Minimum charge(s) of $1,000 must occur within 90 days of account opening to quality. 6Not FDIC insured. May lose value. Not financial institution guaranteed. Not a deposit. Not insured by any federal government agency.

 

Employees are also looking for affordable healthcare options. State Bank can help with that. We can offer Health Savings Accounts (HSA) for employees with health insurance plans with high deductibles. HSAs work like a checking account for qualified medical expenses. A few of the benefits include:

  • Interest bearing account
  • Contributions are tax deductible
  • Earnings are tax deferred
  • Distributions are tax-free when used for Qualified Medical Expenses.
  • No “Use it or lose it” – Balances roll over year after year

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Help your employees reach financial independence and build a strong foundation for the future with retirement planning and 401(k) services as part of your benefits package.

  • Defined contribution and benefit plans
  • IRA rollovers and management
  • Qualified plan design and administration
  • Allocate and maintain plan participants’ records
  • Employee education and counseling