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Rates and Fees

Understanding product rates and fees.

Please take the time to review the rates and fees associated with our products. If you have any questions or concerns, we encourage you to call or visit your local branch.

Deposit Rates

Download the current rate sheet (pdf).

Loan Rates

Download the current loan rates (pdf).

Fees & Charges

Fees below effective April 17, 2013.

General Service Fees

 
Fee
General
 

Check Printing

Varies

Check Collection

$20.00

Credit Card Cash Advance

$5.001

Electronic Stop Payment

$30.00
In-Branch Statement Report $5.00
International ATM Transaction2 $3.00
IRA Transfer (out) $25.00
Legal Processing $100.00
Lost/Stolen ATM/Debit Card $15.00
Notary (for customers only) Free
On-us Check Cashing (for non-Bank relationships)3 $5.00
Overdraft/Uncollected Fee4 $35.00
Research (per hour) $50.00
Research (per page) $2.00
Return Deposited Item $20.00
Savings Excess Transaction Fee5 $15.00
Savings Overdraft Transfer $10.00
Signature Guarantee (for customers only) Free
Statement Balancing (per hour) $25.00
Stop Payment $30.00
Temporary Checks (six) $5.00
Treasurer’s/Cashier’s Check (for customers only) $5.00
Foreign Exchange6
 
Foreign Check Collection $30.00
Foreign Currency Order $25.00
Foreign Currency Redeemed $25.00
Foreign Drafts (Purchase Foreign Checks) $35.00
Wires
 
Domestic – Outgoing  $25.00
Domestic – Incoming     $15.00
International – Outgoing  $40.00
International – Incoming  $20.00
Inactivity Fees
 
Checking – per month after six months of no activity and balance is less than $200     $5.00
Savings – per month after one year of no activity and balance is less than $200  $5.00
Online Banking
 
Personal Accounts  
All access and functions of Online Banking, including unlimited  number of Bill Payment transactions  Free
Business Accounts  
Access to Online Banking and Bill Payment  Free
Monthly ACH access fee (for up to 300 transactions)  $20.00
ACH per item within file (no per-file fee)  $0.15
Wire access per month7       $25.00
Per outgoing domestic wire8  $12.00
Per incoming domestic wire   $12.00

Items in bold indicate a change in fee.

1Unless restricted by law. Pinnacle customers are not charged.

2ATM transactions at overseas U.S. Military bases are free.

3Fees are assessed to individuals without a deposit or loan relationship who cash Simsbury Bank non-payroll checks.

4Applies to overdrafts created by check, in-person withdrawal, and non-card-related electronic transfers.

5See separate disclosure for definition.

6Plus shipping & fees from corresponding bank.

7Subject to bank approval.

8International wires not available online.

Personal Account Maintenance Fees

Pinnacle+ Advantage Checking1
  • $25 minimum balance to open
  • $25,000 combined daily average balances in checking, savings, money markets, CDs, retirement accounts, HSAs and outstanding consumer loans to waive $10/month service charge. This does not inlcude passbook savings accounts.
Pinnacle Advantage Checking1
  • $25 minimum balance to open
  • $15,000 combined daily average balances in checking, savings, money markets, CDs, retirement accounts, and HSAs to waive $10/month service charge. This does not inlcude passbook savings accounts.
Earning Advantage
  • $25 minimum balance to open
  • $750 minimum balance or a combined daily average balance of $3,500 in this and Savings or CD account to waive $8/month service charge. This does not inlcude passbook savings accounts.
Everyday Advantage
  • $25 minimum balance to open
  • $500 minimum balance or a combined daily average balance of $1,500 in this and Savings or CD account to waive $8/month service charge. This does not inlcude passbook savings accounts.
eAdvantage
  • $25 minimum balance to open
  • No monthly service charge or minimum daily average balance requirement

Other charges:

  • Official Checks – $5.00
  • Teller withdrawal or split transaction – $1.00
  • Branch generated statement – $4.00
  • Each check used – $0.50
65+ Advantage
  • $25 minimum balance to open
  • $500 minimum balance or a combined daily average balance of $2,500 in this and Savings or CD account to waive $3/month service charge. This does not inlcude passbook savings accounts.
Health Savings Account Checking (HSAs)

Tiered Rate Checking Account

  • $25 minimum balance to open
  • $2,500 minimum daily average balance to waive service charge
  • Service charge of $3 (waived for first two years)
  • $10 enrollment fee (waived if employer referral to SBT)

High Yield CD

  • $25 minimum balance to open
  • $500 minimum balance
  • No annual or monthly fee when linked with HSA Tiered Checking
  • $20/year if no HSA Tiered Checking (for those no longer eligible to make contributions)
Statement & Passbook Savings
  • $25 minimum balance to open
  • $200 minimum daily average balance to waive $2/month service charge
Money Market Savings
  • $25 minimum balance to open
  • $2,500 minimum daily average balance to waive $10/month service charge
Certificates of Deposit

$500 minimum balance2 to open

Retirement Accounts

$500 minimum balance2 to open

1Refer to Pinnacle Brochure for program details.

2Penalties for early withdrawal. See account disclosure for more details.

Safe Deposit Box Fees

Annual Rent
Fee
Box Size
With Account1
3 x 5  $60.00
 5 x 5  $85.00
 3 x 10  $95.00
 5 x 10  $125.00
 10 x 10  $200.00
Key Replacement
 
 Per Key $20.00
Drill Fee
 
 As determined by bonded security company  Minimum $200.00

Items in bold indicate a change in fee.
Contents of Safe Deposit boxes are not FDIC Insured.

1Safe deposit boxes available only to customers with loan or deposit accounts.

All rates are subject to change at any time without notice at our discretion.

You can also obtain current rate information at any time by calling our telephone banking center at: 860.408.4660.

To review our personal account disclosures, click here.

To view our fee reference guide, click here.

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