PERSONAL SAVINGS
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From children’s savings accounts and money market accounts to health savings accounts or basic interest bearing savings accounts, it's easier to save with Century Bank and Trust.

At Century Bank and Trust we offer a variety of savings products, including traditional savings accounts, and time deposits such as Certificates of Deposit (CDs) and Individual Retirement Accounts (IRAs) to meet your financial needs. CDs are offered to local customers and terms range from six months to 36 months beginning at $500.  If you are interested in purchasing a CD, please contact us below for our current rates. 

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  Savings Accounts 
  Individual Retirement Accounts (IRAs)

Savings Accounts

ACCOUNTS FEATURES AND
BENEFITS
MONTHLY
MAINTENANCE FEE
ANNUAL
PERCENTAGE YIELD (APY)* AND REQUIRED BALANCE TO EARN APY
MINIMUM OPENING DEPOSIT EASY ONLINE APPLICATION

Regular Savings
 

$3.00

Avoid this fee by maintaining a minimum daily balance of $100.00.

$1.00
Per withdrawal charge for each withdrawal exceeding six in a calendar month.
2

0.02%*
$0.01 or more

$100.00

Apply

Children's Savings
(under 18- custodian required)

  • A free account with no monthly maintenance fee.
  • Earns interest.

None

$1.00
Per withdrawal charge for each withdrawal exceeding six in a calendar month.
2

0.02%*
$0.01 or more

$100.00

Apply

Money Market
Savings

$10.00

Avoid this fee by maintaining a minimum daily balance of $1,000.00.

 


$2.00
Per withdrawal charge for each withdrawal exceeding six in a calendar month.
2

0.05%*
$0.01-$24,999.99

0.10%* 
$25,000.00-$49,999.99

0.15%*
$50,000.00 or more

$1,000.00

Apply

Christmas Club Savings

  • Save money over the entire year for your holiday expenses.
  • You pick the frequency and amount of your contributions.
  • We will deposit your account balance into your checking or savings account before the holidays begin. You may not withdrawal from this account until the club payout date. Please contact customer service for the club payout date.
  • For complete account control we offer free:

None

 

0.02%*
$0.01 or more

$1.00

Apply

Health Savings Account

  • Save money, using tax free** dollars, to pay for your qualified medical expenses
  • Manage your costs for medical services and insurance premiums with money contributed by you or your employer.
  • For complete account control we offer free:

$3.00

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

0.25%*
$0.01 or more

$25.00

Apply

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1For mobile and text banking, standard data rates from your wireless provider may apply.

Important Notice: Savings accounts are limited transaction accounts and are subject to Regulation D. Excessive withdrawals over the limit may result in fees, account closure, change of account type, termination of transfer capability or other remedial action. See your account disclosure for full details.

*APYs are accurate as of . 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.


**Consult your tax advisor.

 

Individual Retirement Accounts3 (IRAs)                                          

IRA ACCOUNT DESCRIPTION 18 MONTH
APY*
VARIABLE
APY*
EASY ONLINE APPLICATION

Traditional IRA

  • No penalty for distribution if you are age 59 1/2 or better
  • Required minimum distribution for anyone age 70 1/2 or better
  • Contributions to your Traditional IRA may be tax-deductible**
  • Minimum Opening Deposit is $500.00
  • 6, 12, 24 and 36 month term Traditional IRAs are also available, please contact any Century Bank and Trust office for the most current rates and terms:
    Contact Us

0.25%*
$0.01 or more

0.01%*
$0.01 or more

Apply

Roth IRA

  • Deposits must be left in for minimum of 5 years to avoid a penalty.
  • Taxes** are paid on deposits.
  • No minimum distributions are required after the age of 70 1/2.
  • Minimum Opening Deposit is $500.00
  • 6, 12, 24 and 36 month term Roth IRAs are also available, please contact any Century Bank and Trust office for the most current rates and terms:
    Contact Us
0.25%*
$0.01 or more

0.01%*
$0.01 or more

Apply

Coverdell Educational
Savings Account

  • Educational IRAs can be opened by a custodian for anyone under the age of 18
  • Must only be used for Educational purposes
  • 6, 12, 24 and 36 month term Coverdell Education Savings Accounts are also available, please contact any Century Bank and Trust office for the most current rates and terms:
    Contact Us
0.25%*
$0.01 or more

0.01%*
$0.01 or more

Apply

Simplified Employee Pension
(SEP) IRA

  • 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:
    Contact Us
0.25%*
$0.01 or more

0.01%*
$0.01 or more

Apply

3A penalty may be applied for early withdrawal. 
 

* APYs are accurate as of . 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.

**Consult your tax advisor.