Opening a savings account is an investment in your future. And regardless of your age, your goals or your current financial situation, you’ll find that our personal savings accounts are designed to help you plan for that future.
No matter which Central Bank savings account you choose, they all include these great features:
Competitive interest rates1
Security of FDIC insurance up to maximum limits
CentralNET
Online statements
CentralMOBILE with mobile deposit
To make sure you choose the savings account that delivers the most benefits for you, talk to your Central Banker.
This account is designed for anyone looking for a great way to begin a program of saving.
$10
The maximum opening deposit for online accounts is $10,000
Can be used to provide overdraft protection – through our Guaranteed Checking feature – for any personal checking or interest checking product.
None if you maintain a minimum daily balance of $200. Otherwise, it’s $2.2,3
None if you make six or less withdrawals/transfers per monthly statement cycle. Otherwise, it’s $5 for each excessive transfer/withdrawal.
You may make unlimited deposits to your account. You may make six preauthorized withdrawals, automatic or telephonic transfers, checks, drafts, and debit card or other similar transactions (withdrawals/transfers) from your account per monthly statement period without incurring an excessive withdrawal fee.
This account is designed for people with larger balances in their accounts who want to maximize the growth of their savings.
$2,500
The maximum opening deposit for online accounts is $10,000
Tiered interest rates, so the more you save, the more you earn.4
Can be used to provide overdraft protection – through our Guaranteed Checking feature – for any personal checking or interest checking product.
None if you maintain a minimum daily balance of $2,500. Otherwise it’s $10.2,3
None if you make six or less withdrawals/transfers per monthly statement cycle. Otherwise it’s $10 for each excessive transfer/withdrawal.
You may make unlimited deposits to your account. You may make six preauthorized withdrawals, automatic or telephonic transfers, checks, drafts and debit card or other similar transactions (withdrawals/transfers) from your account per monthly statement period without incurring an excessive withdrawal fee.
Designed for children up to the age of 18 with an adult custodian.5 Perfect for giving your child a strong financial start in life.
$10
Teaches young customers how to manage a bank account.
None if the beneficiary is less than 18 years old. Beginning with the first statement cycle after the beneficiary’s 18th birthday, the account will be assessed a $5 monthly maintenance fee. A dormant fee of $5 per month will be charged once the account has been dormant (inactive) for two years or more, regardless of the beneficiary’s age.3
None if you make six or less withdrawals/transfers per monthly statement cycle. Otherwise it’s $5 for each excessive transfer/withdrawal.
You may make unlimited deposits to your account. The custodian may make six preauthorized withdrawals, automatic or telephonic transfers, checks, drafts or debit card or other similar transactions (withdrawals/transfers) from the account per monthly statement period without incurring an excessive withdrawal fee.
No.
For customers who are 55 and older, this savings account carries no minimum balance requirement and no monthly maintenance fee.
$10
No minimum balance requirement.
Can be used to provide overdraft protection through our Guaranteed Checking feature for any personal checking or interest checking product.
None3
None if you make six or less withdrawals/transfers per monthly statement cycle. Otherwise, it’s $5 for each excessive transfer/withdrawal.
You may make unlimited deposits to your account. You may make six preauthorized withdrawals, automatic or telephonic transfers, checks, drafts, and debit card or other similar transactions (withdrawals/transfers) from your account per monthly statement period without incurring an excessive withdrawal fee.
No.
Account designed for people who want to plan and manage their holiday shopping expenses to ensure they're prepared when the season arrives.
$10
Set up automatic transfers from any linked account to help you reach your savings goals in time for the holidays.
Interest paid annually with principal on October 28.6
This account is self-renewing, which means you don't have to open a new account each year after your annual payment.7
None3
There will be a fee of $1 for each withdrawal made from the account.
You may make unlimited deposits to your account.3
No.
The Central Bank Health Savings Account (HSA) enables participants to fund medical expenses and accumulate savings to cover anticipated future health care needs.
No, see your Central Banker for more information or to get started today.
You can manage your money by locking in an attractive rate for a specified period of time.
Maturity Term | Minimum Amount |
7 – 31 Days | $20,000 |
32 – 89 Days | $5,000 |
90 – 179 Days | $2,500 |
180 – 364 Days | $1,000 |
1 year or more | $500 |
After the account is opened, you may not make deposits into this account until the maturity date.
Withdrawals before the maturity date will be assessed a penalty as described below:
Maturity Term of 7-179 days: $50 plus simple interest on the number of days in the maturity term on the amount withdrawn.
Maturity Term of 180 days or more: $50 plus 180 days simple interest on the amount withdrawn.
Withdrawal of Interest Prior to Maturity – The “Annual Percentage Yield” assumes interest remains on deposit until maturity and that a withdrawal will reduce earnings.
Compounding and Crediting Frequency – Interest will be compounded daily and paid at least annually (unless otherwise designated on the CD Account Agreement).
Accrual of Interest on Non-Cash Deposits – Interest begins to accrue no later than the business day we receive credit for deposit of non-cash items (for example, checks).
Daily Balance Method Computation – We use the daily balance method to calculate your interest, applying a daily periodic rate to the collected balance plus earned interest.
Automatically Renewable Time Account – This account automatically renews at maturity at the then current interest rate for the term selected. For CDs with terms of 15 days or more, you will have ten (10) calendar days from the maturity date to withdraw your funds without being assessed a penalty, or to notify the bank if you wish to change the rate and/or term of your certificate. For CDs with terms of 14 days or less, you can withdraw your funds on the maturity date without being assessed a penalty.
CD Specials - If the Time Account is a “CD Special” it will renew for the exact term originally purchased. If the original maturity term of the CD is one year or less, it will renew at the current interest rate for the one year CD. If the original maturity term of the CD is more than one year, it will renew at the current interest rate for the next highest maturity term unless the original term is disclosed on the rate sheet.
No, see your Central Banker for more information or to get started today.
Save for your retirement by employing a savings plan that can also give you tax advantages.8
Your contributions may be tax-deductible.
If you meet certain requirements, withdrawals may be tax-free.
A savings plan designed for small businesses and self-employed individuals.
Call to learn more.