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What is a Preferred Asset Investment Account?

A Preferred Asset Account is an investment style depository account for customers with balances in excess of $100,000 looking for the opportunity to optimize their rate of return while maintaining access to their funds. It offers flexibility and options you need. 

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What are the Benefits?

  • Interest rates tiered so higher balances earn more
  • Interest paid from the date of deposit with monthly compounding
  • Unlimited deposit convenience at any banking center, with online banking, or by 24-hour telephone banking
  • 24-hour-a-day account information everyday with online banking and 24-hour telephone banking
  • Unlimited withdrawals in person at any banking center
  • Up to six withdrawals per statement cycle with online banking or 24-hour telephone banking
Account Conditions

  • A minimum balance of $100,000 must be maintained for full Preferred Asset Investment Account benefits
  • Increased annual percentage yields are available on balances of $250,000 or more
  • Balances that fall below required minimums are subject to a reduced rate and/or monthly service fee
  • A First State Bank of Illinois checking account is required to use checks