Personal Savings
Statement Savings
Community Bank’s Statement Savings Account is an interest-bearing savings account that you maintain with a register which is provided.
Some additional features are:
- Unlimited deposits
- Limited free withdrawals, a fee of $1.00 per withdrawal will be assessed after 4 (four) withdrawals in a month.
- Service fees waived for account holders under the age of 18.
- A monthly statement for easy balancing
Note:
- $50 minimum deposit to open account
- $200 minimum balance to obtain the APY (Annual Percentage Yield)
- A service charge will be assessed for any account that falls below a certain balance.
- A charge will be assessed for withdrawals exceeding four per month.
- Rate may change after the account is opened
- Fees could reduce earnings on the account
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Club Savings
To celebrate Community Bank's 100th Anniversary in 2001, the "Century Club Savings" was developed, now known as "Club Savings" to provide special privileges to customers who maintain a minimum of $25,000 in deposits and/or loans. To qualify for a Club Savings Account you MUST also have a Club Checking Account.
- Limited free withdrawals, a fee of $1.00 per withdrawal will be assessed after 4 (four) withdrawals in a month.
- A monthly combined statement with "Club" checking account
- 24/7 account information via telephone banking or Internet banking
- Rate may change after the account is opened
- Fees could reduce earnings on the account
Note:
- $5,000 minimum deposit to open account and obtain APY (Annual Percentage Yield)
- Rate reverts to regular statement savings rate if balance falls below $5,000.
- A charge will be assessed for withdrawals exceeding four per month.
- Rate may change after the account is opened
- Fees could reduce earnings on the account
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Money Market
Community Bank’s Money Market Savings Account is an interest-bearing savings account with check-writing privileges.
- $1.00 per debit transaction in excess of 4 per month
- Check truncation and check safekeeping
- A monthly statement
Note:
- You must deposit $2,500.00 to open this account.
- You must maintain a minimum collected balance of $2,500.00 in the account each day
to obtain the APY. (Annual Percentage Yield)
- Laws governing this type of account restrict the number of transactions you may do in a monthly statement cycle.
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Tiered-Money Market
Community Bank’s Tiered Money Market Savings Account offers you check writing privileges and interest on your money.
This account has four tiers:
$ 5,000.00 - $ 9,999.99
$ 10,000.00 - $24,999.99
$ 25,000.00 - $99,999.99
$100,000.00 and over
- Higher rates of interest are paid as the level of balances increase. Each level is based on the daily collected balance and earns the interest rate and APY assigned to that tier.
- $1.00 per debit transaction in excess of 4 per month
- Check truncation and check safekeeping
- A monthly statement
Note:
- You must deposit $5,000 to open this account.
- You must maintain a minimum collected balance of $5,000.00 in the account each day to obtain the APY. (Annual Percentage Yield)
- Laws governing this type of account restrict the number of transactions you may do in a monthly statement cycle.
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Holiday Club
Community Bank’s Holiday Club Account can be opened anytime of the year.
You must deposit $10.00 to open this account.
You may make deposits into this interest-bearing savings account until the first week of October.
You must maintain a balance of $10.00 in the account every day to obtain the APY. (Annual Percentage Yield)
Interest is forfeited if closed prior to maturity.
At that time, all earned interest is added to the account and funds are disbursed to the account holder in one of the following methods:
- A direct deposit transfer into a Community Bank Checking or Statement Savings Account; or
- A check will be mailed to the account holder(s)
Payments/Deposits can be made in person at our branch locations, online through our Internet Banking transfer feature or via a direct deposit program.
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Vacation Club
Community Bank’s Vacation Club Account can be opened anytime of the year.
You must deposit $10.00 to open this account.
You must maintain a balance of $10.00 in the account every day to obtain the APY. (Annual Percentage Yield)
You may make deposits into this interest-bearing savings account until the second week of May.
At that time, all earned interest is added to the account and funds are disbursed to the account holder in one of the following methods:
- A direct deposit transfer into a Community Bank Checking or Statement Savings Account
- A check will be mailed to the account holder(s)
Payments/Deposits can be made in person at our branch locations, on-line through our Internet Banking transfer feature or via a direct deposit program.
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