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:
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
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
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:
0.20%***
$0.01 or more
Variable APY*:
4.8%*
$0.01 or more
Minimum Deposit Opening:
None
*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.