Savings
Whether you are just getting started or would like to consider new savings options, Century Bank offers a variety of savings accounts that can suit your needs.
The rate of interest will vary depending on the minimum balance maintained during the month.
Regular Savings Account*
Features and benefits:
- Minimum to open is $50.
- No minimum balance to earn interest
- A $5 balance fee (in the service charge) will be imposed each month if the balance falls below $200 any day of the month.
- In person transfers from this account to another account in the bank or cash withdrawals are limited to six per month. There is a $5 excessive withdrawal (w/d) service charge exceeding this limit.
- Federal banking regulation limits transfers to another account or to third parties by preauthorized, automatic, telephone, computer, or check to six transactions per month. There will be a $5 Excess MMD transaction charge for each debit exceeding this limit.
- A $10 account service fee may be charged for accounts closed within 6 months of the opening date.
Minor Savings Account*
Features and benefits:
- Available for children under the age of 18
- Minimum to open is $50.
- No minimum balance to maintain
- No minimum balance to earn interest
- In person transfers from this account to another account in the bank or cash withdrawals are limited to two per month. There is a $5 excessive withdrawal (w/d) service charge exceeding this limit.
- Federal banking regulation limits transfers to another account or to third parties by preauthorized, automatic, telephone, computer, or check to six transactions per month. There will be a $5 Excess MMD transaction charge for each debit exceeding this limit.
- A $10 account service fee may be charged for accounts closed within 6 months of the opening date.
Christmas Savings Account*
Features and benefits:
- Automated Savings Plan- Deposits are transferred from an existing account with Century Bank & Trust
- Partial withdrawals or ATM transactions are not permitted.
- A check will be mailed for the balance of the account on the first Friday of November
- A $10 service charge will be imposed if the account is closed prior to maturity.
Want to know how much your initial deposit will be worth in 5 years? How much will you have to save each month to reach your savings goal? Use our online savings calculator to assist you with these and other financial questions.
*For additional information see our Fee Schedule or contact us.
