Business Savings and Investing
Our business savings and investment options are designed with your needs in mind. The chart below enables you to compare the features of different accounts. Use the chart to determine the account that's right for you. You can apply to open an account at any time using the "Apply" button.
| Business Savings Accounts | Certificates of Deposit | Qualified Retirement Plans | ||
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As you work to make your business successful, Century Bank and Trust will continue to offer you convenient ways to save and protect your money through our FDIC insured savings accounts. |
Certificates of Deposit are an ideal way to round out your savings portfolio. They offer the safety of a guaranteed rate of return for a fixed period of time. Earn interest safely and securely with a Century Bank and Trust CD.
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Pension, Profit Sharing and 401(k) plans provide some of the most comprehensive planning tools for businesses today. No other single instrument can provide extensive income tax deductions for contributions, totally tax-deferred investment returns and favorable taxation on ultimate distributions. The Trust Department at Century Bank and Trust can manage the assets within the plan or invest the contributions as directed.
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| Learn more | Learn more | |||
| Trust and Investment Services | Simplified Employee Pension (SEP) IRA | |||
The financial markets' uncertainties and ever changing tax laws have made it exceptionally difficult in trying to protect and conserve a family's financial resources. With professional guidance, Century Bank and Trust can bring an added measure of financial peace of mind to you and your family.
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With a SEP plan, the employer sets up individual accounts for each participating employee. The company funds the plan entirely and is able to make deductible contributions for all participating employees. SEP's are appealing to companies because of their minimal record keeping and reporting requirements and the flexibility in allocating annual contributions. | |||
| Learn more | Learn more |
| Savings Accounts | Minimum Opening Deposit | Account Maintenance Fee | |
| Premier Savings | $100 |
$1.50 Avoid this fee |
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|---|---|---|---|
| Premier Money Market Savings | $1,000.00 |
$2.00 Avoid this fee |
Premier Savings
Earn interest on lower balances with this easy to use, traditional savings account.
Apply
Account Features
- 6 free withdrawals and other debits per month*
- Unlimited number of deposited items and other credits
- FDIC Insurance
- Interest bearing account
- Free access to Premier Savings funds through Century Bank and Trust ATMsLearn more
- Free access to Premier Savings funds through Telebanc (Telephone Banking)Learn more
Also Available
- Link your savings account to the business checking of your choice for a complete banking experience! Learn more
- Century Bank and Trust Corporate VISA Card (no annual fee) Learn more
- Trust and Investment Services Learn more
- Qualified Retirement Plans Learn more
Minimum Opening Deposit
$100.00
Monthly Maintenance Fee
$1.50
Options to Avoid Monthly Fee
Maintain a $100 balance to avoid this fee
Monthly Transaction Fees
6 withdrawals are allowed each month at no charge, and withdrawals in excess of 6 are $1.00 each
Premier Money Market Savings
This account rewards you for maintaining your balances by consistently paying a high return. Earn a high yield while saving for future business growth.
Apply
Account Features
- 6 free withdrawals and other debits per month*
- Unlimited number of deposited items and other credits
- FDIC Insurance
- Higher rate interest bearing account
- Free access to Premier Money Market Saving funds through Century Bank and Trust ATMsLearn more
- Free access to Premier Money Market Saving funds through Telebanc (Telephone Banking)Learn more
Also Available
- Link your savings account to the business checking of your choice for a complete banking experience! Learn more
- Century Bank and Trust Corporate VISA Card (no annual fee) Learn more
- Trust and Investment Services Learn more
- Qualified Retirement Plans Learn more
Minimum Opening Deposit
$1000.00
Monthly Maintenance Fee
$2.00
Options to Avoid Monthly Fee
Maintain a $2,500 balance to avoid this fee
Monthly Transaction Fees
6 withdrawals are allowed each month at no charge, and withdrawals in excess of 6 are $2.00 each
