Personal Savings and Investing
| Savings and Investing | Certificates of Deposit | Trust and Investment Services | ||
|---|---|---|---|---|
| A wide variety of investments for your personal needs at your fingertips. |
Century Bank and Trust offers a wide selection of rates and CD terms featuring the Investor's Choice rate change option. Investor's Choice allows you to change the rate once during the term of your CD. |
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 our 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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| Savings Accounts | Personal Financial Planning | Individual Retirement Accounts (IRA) | ||
| Century Bank and Trust offers a range of savings accounts to fit any investment requirement. | Financial planning assistance is an integral part of Century Bank and Trust's emphasis on helping families derive all possible benefit from their financial resources. Services include investment management, retirement planning, tax planning, estate planning and everything in-between. | An IRA is a secure interest bearing retirement account used for your investment goals. Century Bank and Trust offers three types of IRAs- Traditional, Roth and Educational. | ||
| Learn more | Learn more | Learn more | ||
| Health Savings Account (HSA) | Savings Bonds | Related Tools: | ||
| Save money, using tax free dollars, to pay for your qualified medical expenses. Health Savings Accounts at Century Bank and Trust allow you to manage your costs for medical services and insurance premiums with money contributed by you or your employer. |
U.S. Savings Bonds can be purchased or redeemed at any walk-in Century Bank and Trust Office. If you are interested in this service, please stop by any office or complete the contact form below. |
Savings Calculators |
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| Savings Accounts | Minimum Opening Deposit | Monthly Account Maintenance Fee | Annual Percentage Yields ( APY's) |
APY | |
|---|---|---|---|---|---|
| Regular Savings | $100.00 | $1.50 |
N/A | .40% | |
| Money Market Savings | $1,000 | $2.00 Avoid this fee |
$1,000 |
.60% |
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| Christmas Club Savings | $1.00 | N/A | N/A | .40% | |
| Health Savings Account (HSA) |
$25.00 | $3.00 Avoid this fee |
$0- $2,499 |
1.50% |
Regular Savings
This interest bearing savings account is a good way to start saving without worrying about high balance requirements.
Apply
Features
- Low minimum opening deposit and balance requirements
- Six free withdrawals per month*
- Convenient, easy access to your funds (ATM, Online Banking, in-person)
- View your account online using Free Online Banking! Learn more
Also Available
- Link your Savings Account to the Checking Account of your choice for a complete banking experience! Learn more
- Century Bank and Trust VISA Card (no annual fee) Learn more
- Trust and Investment Services Learn more
- Financial Planning Learn more
Related Tools
Savings Calculators
Retirement Savings and Planning Calculators
Minimum Opening Deposit
$100.00
Monthly Maintenance Fee
$1.50
Options to Avoid Monthly Fee
Maintain a minimum daily balance of $100
Activity Fees
(regardless of balance requirements)
$1.00 charge for each withdrawal exceeding six per calendar month
* Preauthorized transfers are limited to six per month, not more than three of which may be by check, draft, debit card or similar order made to 3rd parties. Withdrawals made by mail, messenger, ATM or in person and by telephone are unlimited. Exceeding the limit of possible transactions frequently may result in the account being closed, no payment of interest on the account or removing the account’s transfer and draft capabilities.
Money Market Savings
This interest bearing savings account is designed to
achieve higher earnings with tiered rates.
Apply
Features
- Earn a high rate of interest without giving up access to your funds
- Convenient, easy access to your funds (ATM, Online Banking, in-person)
- View your account online using Free Online Banking! Learn more
Also Available
- Link your Savings Account to the Checking Account of your choice for a complete banking experience! Learn more
- Century Bank and Trust VISA Card (no annual fee) Learn more
- Trust and Investment Services Learn more
- Financial Planning Learn more
Related Tools
Savings Calculators
Retirement Savings and Planning Calculators
Minimum Opening Deposit
$1,000
Monthly Maintenance Fee
$2.00
Options to Avoid Monthly Fee
Maintain a minimum daily balance of $1,000
Activity Fees
(regardless of balance requirements)
$2.00 charge for each withdrawal exceeding six per calendar month
Christmas Club Savings
This interest bearing savings account is designed to help you save money over the entire year for your holiday expenses.
Apply
Features
- Earn interest while saving your money to pay your holiday expenses
- Directly deposit this account's balance near the end of the year into a designated account
- Convenient account monitoring through Online Banking
- View your account online using Free Online Banking! Learn more
Related Tools
Savings Calculators
Retirement Savings and Planning Calculators
Minimum Opening Deposit
$1.00
Monthly Maintenance Fee
None
Balance Requirement
None
Health Savings Account (HSA)
Save money, using tax free dollars, to pay for your qualified medical expenses. Health Savings Accounts at Century Bank and Trust allow you to manage your costs for medical services and insurance premiums with money contributed by you or your employer.
Apply
Features
- Save money on your medical expenses
- Use a debit card to pay for your medical transactions
- Receive itemized statements for tax reporting purposes.
- View your account online using Free Online Banking! Learn more
Related Tools
Savings Calculators
Retirement Savings and Planning Calculators
Minimum Opening Deposit
$25
Monthly Maintenance Fee
$3.00
Options to Avoid Monthly Fee
Maintain a minimum daily balance of $2,500
| Individual Retirement Account (IRA) | |
| Individual Retirement Account (IRA) | IRAs are a secure interest bearing retirement account used to help meet your investment goals. |
|---|---|
| Related Tools | IRA Calculators |
| Product | Product Description |
| Traditional IRA | Traditional IRAs have an annual contribution of $5,000 with an added catch-up of $1,000 for anyone age 50 or over. There is no penalty for distribution if you are age 59 ½. There is a required minimum distribution for anyone age 70 ½ and over. Contributions to your Traditional IRA may be tax-deductible depending upon your income level, and should be discussed with your accountant. |
| Roth IRA | Roth IRAs allow an annual contribution of $5,000 with an added catch-up of $1,000 for anyone age 50 or over. With the Roth IRA, deposit must be left in for minimum of 5 years avoid a penalty. Taxes are paid on deposits. No minimum distributions are required after the age of 70 ½. |
| Coverdell Educational Savings Account | Educational IRAs can be opened by a responsible individual for anyone under the age of 18. This specific IRA is used for educational purposes only and has a maximum yearly contribution of $2,000. |
| Simplified Employee Pension (SEP) IRA |
With a SEP plan, the employer sets up individual accounts for each of the participating employees. The company funds the plan entirely and is able to make deductible contributions up to 25% of annual compensation for all participating employees. SEPs are appealing to companies because of their minimal record keeping and reporting requirements, as well as, the flexibility in allocating annual contributions.
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