SAVINGS ACCOUNTS
Personal Savings*
The safe and secure regular savings account.
| Minimum Initial Deposit: |
$100 |
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| Monthly Maintenance Fee: |
$6/quarter |
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| Average Balance to Waive Fee: |
$200/quarter |
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| Limitations: |
Maximum of 3 withdrawals allowed per quarter. $1.00 fee per each additional withdrawal unless minimum balance is maintained. |
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| Explanation of Interest Rate and Interest Payment: |
Interest is compounded daily and paid quarterly. |
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| Closure Fee: |
$5 when account is closed within 90 days of opening date. |
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| Annual Interest Rate/ Annual Percentage Yield: |
Click here for the most current Personal Deposit Rates  |
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Christmas Club*
The automatic savings plan for the holiday season.
| Minimum Initial Deposit: |
$5 |
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| Monthly Maintenance Fee: |
N/A |
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| Average Balance to Waive Fee: |
N/A |
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| Limitations: |
Funds will be automatically transferred from a designated Bank account each month and disbursed annually. |
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| Explanation of Interest Rate and Interest Payment: |
Interest rate is the same as the Personal Savings rate, and is paid annually on October 31. |
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| Closure Fee: |
$5 when account is closed prior to October 31. |
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Treasury CD
Time deposit featuring variable market interest rates and flexibility to make additions and withdrawals.
| Minimum Initial Deposit: |
$5,000 |
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| Monthly Maintenance Fee: |
N/A |
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| Average Balance to Waive Fee: |
N/A |
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| Limitations: |
Unlimited additions during 12 month term in minimum amounts of $500. One penalty-free withdrawal allowed per month.
Other early withdrawal terms and conditions apply. This information will be provided at the time the account is opened. |
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| Explanation of Interest Rate and Interest Payment: |
Interest is compounded daily and added to principal monthly. Tiered interest rate is tied to the 3 Month T-Bill Auction Rate, adjusted weekly. Interest rate is based on daily balances with the following tiers:
I: $4,999 or less
II: $5,000 to $24,999
III: $25,000 to $99,999
IV: $100,000 to $249,000
V: $250,000 or more |
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| Closure Fee: |
N/A |
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| Annual Interest Rate/ Annual Percentage Yield: |
Click here for the most current Personal Deposit Rates |
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Personal Time Deposits
High yielding time deposits with terms to suit all investment needs.
| Minimum Initial Deposit: |
$2,500 |
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| Monthly Maintenance Fee: |
N/A |
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| Average Balance to Waive Fee: |
N/A |
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| Limitations: |
Early withdrawal terms and conditions may apply. This information is provided at the time the account is opened. |
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Explanation of Interest Rate and Interest Payment:
Rates subject to change.
View current rates and annual percentage yield |
Fixed Interest Rate Time Deposits:
Interest rate quoted for the term selected remains constant until maturity. Terms vary. Call or visit your branch for full details.
Interest Calculation:
For deposits under $100,000 interest is compounded daily.
For deposits of $100,000 or more simple interest is calculated daily. Interest may be paid monthly, quarterly, annually or at maturity. |
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| Closure Fee: |
N/A |
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| Annual Interest Rate/ Annual Percentage Yield: |
Click here for the most current Personal Deposit Rates |
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*The Bank reserves the right to require seven days written notice prior to withdrawal of any funds in this account.
Future Changes
Community Bank reserves the right to make changes in this Schedule at any time. Unless changes must be made immediately to comply with a specific law or regulation, the Bank will give such notice as required by laws or regulations.
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