Savings Accounts

CBC Standard Savings Account

A deposit of $150.00 is required to open this account. You must maintain a minimum balance of $150.00 in the account each day to obtain the disclosed annual percentage yield. You may make no more that six (6) covered transfers from your account each calendar month. Transferring funds to another of your accounts at this bank (excluding loan payments) will count toward this number. Transfers and withdrawals, payable directly to you, that are made in person, by messenger, by mail or at an ATM are unlimited. Third party access to CBC Savings Accounts is not authorized. An activity fee of $1.00 will be charged for each withdrawal transaction in excess of three (3) during a calendar month.

“Fees could reduce the earnings of this account.”

MMDA at CBC Account

This account provides you with an outstanding product that meets your flexibility requirements. You receive the combined features of a limited checking account with higher interest earnings.

A deposit of $2,500.00 is required to open this account. You may make six (6) transfers from your account each statement cycle. Transfers include preauthorized or automatic transfer, telephone (including data transmission) agreement; order or instruction by check, draft, debit card, or similar order (including POS transactions) made by the depositor and payable to third parties. Transfer and withdrawals made in person, by messenger, mail, or at an ATM are unlimited.

A monthly maintenance fee of $6.00 will be imposed every statement cycle if the balance in the account falls below $500.00 any day of the cycle. An activity fee of $0.20 will be charged for each debit transaction if the daily balance falls below $500.00 during a statement cycle. A balance below $2,500.00 earns interest at the NOW account rate.

This account has a tiered rate and annual percentage yield and may change at the Bank's discretion. Interest will depend upon the daily balance in the account. Interest is compounded daily and will be credited to the account monthly. If the account is closed before interest is credited, you will not receive the accrued interest on the account.

“Fees could reduce the earnings of this account.”

Certificates of Deposits and CDARS

Get FDIC Insurance on balances in the multi- millions.

Using the Certificate of Deposit Account Registry Service® (CDARS®), we can allow investors to deposit funds over $250,000 and still be eligible for the security of FDIC insurance on every dollar. Your money is placed into CDs with denominations under $250,000, which are issued by other banks. You can identify banks where you do not wish your funds to be placed, and you can review a list of banks where CDARS proposes to place your deposits. This allows you to fully insure your entire deposit, in the multi- millions.

  • CD-level Rates. Your deposits earn CD-level returns, which may compare favorably to those associated with other investment alternatives.
  • Safety. Your deposits are eligible in the multi- million dollar range in FDIC insurance coverage.
  • Convenience. By working with our bank, you earn one interest rate and receive one regular statement. You never have to track interest disbursements from various sources or manually consolidate account statements.
  • Privacy. Your CDs with other banks are identified only by a tracking number and your personal information is protected.
  • Community Investment. Your deposits can support lending opportunities that foster a stronger community.

Whether you are a private investor, corporation, small business, non-profit organization or a public sector group, you can take advantage of this unique service. For more information, contact Beverly Russell at 575-769-1911 Ext. 126.

CDARS and the Certified Deposit Account Registry Service are service marks of Promontory Interfinancial Network, LLC.

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