Premier Bank

By: EconomyWatch   Date: 9 September 2010

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EconomyWatch

The core Content Team our economy, industry, investing and personal finance reference articles.

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An Introduction to Premier Bank:

Premier Bank provides its customer with superior personal customer service. It started business in West Stadium Boulevard, Jefferson City in 1995. Premier Bank has a total asset base of $1.136 billion. Bruce Wiley is the Chairman, President & CEO of Premier Bank.

Products and Services provided by Premier Bank:

  • Personal Checking Account- Premier Bank has tailor made accounts for everyone. There are huge additional benefits such as unlimited checks, VISA ATM or debit card, free internet banking, combined statement banking etc.
      Free Checking is an excellent account for those desiring a no-frills checking account. There is no tier structure and no monthly maintenance fee. One only needs an opening balance of $25. unlimited checks.

      The Premier Checking is an ideal checking account for young professionals and families. The opening balance is $100 and a minimum daily balance of $250 or an average daily balance of $500 is maintained.

      Premier Interest Checking is best suited for customers with huge balances who wish to earn interest on their money and simultaneously write unlimited checks. Both the opening balance and minimum balance requirement are set at $1000.

      A Platinum Checking Account is a perfect choice for a congenital saver. There is an opening balance of $100,000 and one wishing to earn a preferred rate of interest needs to observe a minimum daily balance of $250,000.

  • Money Market Account- A money market account in Premier Bank offers a steady rate of return at a higher rate of interest although the freedom to write checks are unlimited. For opening an account one needs to pay $1,000. There is no minimum balance requirement but an average daily balance of $1000 must be maintained. Six withdrawals are allowed out of which three may be by checks. The interest which is higher than an usual savings account is compounded and paid monthly. Free internet and telephone banking are the additional benefits.
  • Personal Savings Account- A savings account in Premier Bank helps one fulfill his future needs by providing a fine tuned savings plan. These plans come with free internet and phone banking.
      A Kids Saving Account is available to anyone under the age of 18. It requires just an opening balance of $10 and there is no minimum balance requirement. Interest are compounded and paid quarterly and up to six withdrawals are allowed.

      Premier Savings plan is unique in the sense that it makes possible an automatic channelization of funds from one's checking accounts to his savings account so that he can maintain the average daily balance of $500 to earn a competitive rate of interest. The opening balance is $100.

      Premier Investment Savings provides an opportunity to earn a higher rate of interest as well as allow one to access his money. The opening balance as well as average daily balance is $5000 and one can make six withdrawals per month.

  • Certificates of Deposit(CD)- Premier Bank's CDs allow one to earn a stable reward for his investment along with a variety of interest rate so that the investor has wide options open to choose from.

An investment in a Premier bank plan allows one to sit back and watch his money growing. It is definitely a better option as the bank has an excellent track record.

 


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