Business Savings

From business savings accounts and free account alerts** to money market savings accounts, business health savings accounts and SEP IRA’s, it's easier to save with Century Bank and Trust.

At Century Bank and Trust we offer a variety of savings options to help your business grow. Whether you are in search of a money market savings account or health savings accounts for your employees, we have the options ready to meet your needs. 

Savings Accounts

Certificates of Deposit (COD)


Savings Accounts:

Premier Savings

Features and Benefits:
Earn interest on lower balances.
An easy to use, traditional savings account.
For complete account control we offer free:

Monthly Maintenance Fee:

$3.00 - Avoid this fee by maintaining minimum daily balance of $100.00

$3.00 - Per withdrawal charge for each withdrawal exceeding six in a calendar month.****

Annual Percentage Yield (APY)* And Required Balance to Earn APY:

0.02%*

$0.01 or more

Minimum Deposit Opening:

$100.00

Apply


Premium Money Market Savings

Features and Benefits:

This account rewards you for maintaining your balances by consistently paying a high return.

Earn a high yield while saving for future business growth.

For complete account control we offer free:

Monthly Maintenance Fee:
$10.00 - Avoid this fee by maintaining a minimum daily balance of $2,500.00.
$2.00 - per withdrawal charge for each withdrawal exceeding six in a calendar month.****

Annual Percentage Yield (APY)* And Required Balance to Earn APY:

0.05%* 
$0.01-$49,999.99
0.10%*
$50,000.00 or more
Minimum Deposit Opening:
$1,000.00
Apply

Health Savings Account

Features and Benefits:

  • Save money, using tax free dollars*** to pay for your qualified medical expenses.
  • Access funds with a check or a debit card.
  • Manage your costs for medical services and insurance premiums with money contributed by you or your employer.

Monthly Maintenance Fee:

$3.00 - Avoid this fee by maintaining a minimum daily balance of $2,500.00.

Annual Percentage Yield (APY)* And Required Balance to Earn APY:

0.20%*

$0.01 or more

Minimum Deposit Opening:

$25.00

Apply


Simplified Employee Pension (SEP) IRA

Features and Benefits:

  • Employer sets up individual accounts for each of the participating employees
  • The company funds the plan entirely and is able to make pre-tax** contributions up to 25% of annual compensation for all participating employees
  • 6, 12, 24 and 36 month term SEP IRAs are also available, please contact any Century Bank and Trust office for the most current rates and terms: 
18 Month APY***: 

0.20%*** 
$0.01 or more

Variable APY*:

4.8%*
$0.01 or more

Minimum Deposit Opening:

None

Apply


*APYs are accurate as of 4/1/23. Rates may change before and after an account is opened.

Fees could reduce earnings on an account.

You may call, Toll Free (866) 680-BANK/2265, to obtain the most current rate information.

**For mobile and text banking, standard data rates from your wireless provider may apply.

***Consult your tax advisor.

****Subject to closure or suspension per Regulation D.


Certificates of Deposit

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. Contact us today for a personalized quote.