Savings & Money Market Accounts

Your account number(s) will remain the same, unless you are otherwise notified. If you have a savings account, you’ll receive quarterly statements. However, each month there is electronic activity on the account, you’ll receive a monthly statement. If you have a money market account, you’ll receive monthly statements. The following information will explain the details of savings and money market account(s) available at Community Bank. We’ve made every effort to convert you to the account that will help you Bank Happy. If you feel that another account will better meet your needs, please contact your local Community Bank branch after the merger.

Free SavingsMoney MarketPrime Money MarketChristmas Club

Minimum balance requirement

No

$1,000 minimum daily balance

$25,000 minimum daily balance

No; deposit is made by auto-transfer or direct deposit

Monthly service charge

No

$5 if minimum daily balance falls below $1,000

$10 if minimum daily balance falls below $25,000

No monthly service charge; a $5 penalty will be charged if account is closed within 6 months of opening

Interest bearing

Yes—earns competitive interest on every dollar

Yes—earns tiered interest: $1,000-$9,999.99, $10,000-$24,999.99, $25,000-$49,999.99, $50,000+

Yes—earns tiered interest: $2,500-$24,999.99, $25,000+

Yes—earns interest on balances of $100 or above

Interest compounded and credited

Monthly

Monthly

Monthly

Annually

Pre-authorized transfers or withdrawals to a third party (e.g., checks, Online Banking, Telephone Banking, ACH transactions, POS activity)

Up to 6 from your account per month

Up to 6 from your account per month

Up to 6 from your account per month

N/A-Annual distribution of account balance is automatically deposited into your Community Bank designated account in October

Check-writing privileges

-

Up to 3 per statement cycle at no fee; $5 fee for each subsequent check

Up to 3 per statement cycle at no fee; $10 fee for each subsequent check

-

Free Online Banking

Yes

Yes

Yes

Yes

Free Mobile Banking and Mobile Deposit

Yes

Yes

Yes

Yes

Free eStatements

Yes

Yes

Yes

-

CBNA branch lobbies begin to reopen. Learn more about our Coronavirus protocols. CBNA branch lobbies begin to reopen. Learn more about our Coronavirus protocols. read more
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