What is interest on a deposit account?
Interest is money paid to you for keeping a balance in certain accounts. The amount paid is generally a percentage of the average daily balance in the account for the month.
The annual percentage yield (APY) is the amount of interest earned on the deposit account based on the interest rate and the frequency of compounding on an annualized basis.
Be ready for anything with an account from Community Bank
Community Bank offers a variety of deposit and savings accounts for all stages of life.
Checking Savings IRAs Money Markets Health Savings
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