What Account Is in My Best Interest?

When you trust your money to a bank, you want to be sure it's in an account that's right for you. One that gives you the most for what you need. That's exactly why HomeBank of Arkansas has many types of accounts to choose from. From HomeFree Checking to Money Market to HomeBank NOW accounts, you'll find the account that serves your best interests, always.

HomeFree Checking

Requirements

  • Minimum balance to open - $100.00

Benefits

  • Unlimited check writing
  • No minimum daily balance
  • No monthly service charge
  • Monthly e-statement with check images (via Internet Banking)
  • FREE Debit Card

 Cost

  • Customer purchases checks

HomeBank Checking

Requirements

  • Minimum balance to open - $100.00

Benefits

  • Unlimited check writing
  • No minimum daily balance
  • FREE Debit Card
  • FREE Notary Services
  • FREE Cashiers Checks
  • FREE First order of standard bank checks
  • Monthly statement with check images

Cost

  • Monthly service charge - $5.88
  • Customer purchases checks (after first order)

 

Senior Checking (50+)

Requirements

  • Minimum balance to open - $100.00
  • One signer must be 50 years of age or older

Benefits

  • Unlimited check writing
  • FREE Standard Checks
  • FREE Notary Services
  • FREE Cashiers Checks
  • FREE Debit Card
  • No minimum daily balance to maintain
  • Interest earned on any balance over $750.00

Cost

  • None

 

Basic Business

Requirements

  • Minimum balance to open - $100.00

Benefits

  • No fees for first 100 debits
  • Unlimited deposits to account
  • No service charge with minimum balance of $1,000 .00

Cost

  • Monthly service charge if below minimum - $10.00
  • Additional debits $0.10 each
  • Debit card $2.00 per month
  • Customer purchases checks

 

HomeBank NOW

Requirements

  • Minimum balance to open - $100.00

Benefits

  • Unlimited check writing
  • Monthly statement with check images
  • Interest earned monthly on your daily balance
  • No monthly service charge with minimum daily balance of $750.00

Cost

  • Monthly service charge if below minimum - $7.50
  • Customer purchases checks

 

Savings

Requirements

  • Minimum balance to open - $100.00

Benefits

  • Six (6) withdrawals per quarter
  • No quarterly service charge if account maintains minimum balance of $100.00

Cost

  • $1.00 fee for each additional withdrawal
  • Quarterly service charge if balance falls below minimum - $5.00
  • $5.00 charge if account is closed within 90 days of opening

 

Money Market

Requirements

  • Minimum balance to open - $2,500.00

Benefits

  • No monthly service charge when maintaining minimum balance of $2,500.00
  • Earnings based on Tiered Balances

    • $2,500.00 - $9,999.00
    • $10,000.00 - $19,999.00
    • $20,000.00 - $49,999.00
    • $50,000.00 - $99,999.00
    • $100,000.00 - $499,999.00
    • $500,000.00 - UP

Cost

  • Limit withdrawals to six (6) per month (3 by check and 3 in person/transfer)
  • Monthly service charge if balance falls below minimum - $10.00