Savings Accounts

Super Star Savers Club

Children up to age 17 are eligible for membership. A $25 minimum opening deposit is required. Up to 6 withdrawals can be made per month. After the sixth withdrawal, a nominal fee will be assessed per withdrawal. Unlimited deposits can be made.

Join today and receive:

• A birthday bonus coupon on your birthday for $5 to be deposited into your kid's club account.
• A Super Star Savers Membership Card

NOTE: Account must be open for 90 days with an average balance of $25 to qualify for birthday bonus. An adult must sign on account with minor.
 

Statement Savings

Ideal for your short-term or long-term savings goals, this standard savings account requires a minimum opening deposit of only $50.  Our Statement Savings account is designed for individuals who wish to save and receive a regular statement. 

We use the daily balance to calculate the interest on your accounts.  This method applies a daily periodic rate to the principal in the account each day.

Interest is calculated on the average daily collected balance and is compounded and posted quarterly.

A nominal fee is assessed for each withdrawal in excess of six (6) per month.

A fee is assessed monthly if the balance falls below $50.00. (Dormant accounts with a balance below $100 are assessed a monthly fee.)

The Interest rate and annual percentage yield paid on your account depend upon the applicable rate tier.  The interest rate and annual percentage yield for these tiers may change.

Individual Retirement Account

An IRA is a special savings plan that lets you put aside money you earn today to be used later for your retirement. You may deposit into an IRA even if you belong to a retirement plan at work. A minimum deposit is required to open an account. Depending upon your income and retirement plan at work, your income tax liability on IRA deposits may be deferred. Interest earnings are not taxed until withdrawal. Substantial penalty for early withdrawal. Ask one of our banking professionals for details. We will be glad to assist you.

Certificates of Deposit

CB&S Bank can structure a Certificate of Deposit to fit your individual needs. We offer competitive rates and flexible terms, with maturities up to 60 months. All depositors are insured by the Federal Deposit Insurance Corporation for the maximum allowed by law. Ask us for details about current rates and terms. Certificates may be purchased with a minimum amount of $1,000.00. 

You may receive your interest by check, added to your certificate either at maturity or annually, or credited directly to your checking or savings account. Interest may be paid monthly, quarterly, semiannually, or annually. Substantial penalty for early withdrawal.

SEP Account

SEP accounts are available to qualifying business customers.