Personal Savings
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.
Individual Retirement Accounts (IRAs)
Savings Accounts
See table below or Review Account Types Here
Scroll to the left to view the rest of the table.
| Features and Benefits | Monthly Maintenance Fee | Excessive Withdrawal Charge | Annual Percentage Yield (APY) and Required Balance To Earn APY | Minimum Opening Deposit | |
|---|---|---|---|---|---|
| Regular Savings | Start saving without worrying about high balance requirements. Free online banking, mobile banking*, and account alerts*. |
$3.00 - Avoid this fee by maintaining a minimum daily balance of $100. |
$3.00 per withdrawal charge for each withdrawal exceeding six in a four week or similar period. ** |
0.02 % *** $0.01 or more |
$100 |
| Minor Savings (under 18-custodian required) |
A Free account with no monthly service fee. Earns interest. | none | none | 0.02 % *** $0.01 or more |
$1 |
| Money Market Savings | Interest bearing saving account. Achieve higher earnings with tiered rates. Free online banking, mobile banking*, and account alerts*. |
$10.00 - Avoid this fee by maintaining a minimum daily balance of $1,000. |
$2.00 per withdrawal charge for each withdrawal exceeding six in a four week or similar period.** | 0.05%*** $0.01 - $49,999.99 0.10%*** $50,000.00 or more |
$1000 |
| Christmas Club Savings | Save money over the entire year for your holiday expenses. You pick the frequency and amount of your contributions. You may not withdraw from this account until the club payout date. Free online banking, mobile banking*, and account alerts*. | none | n/a | 0.02 % *** $0.01 or more |
$1 |
| Health Savings Account | Save money to pay your qualified medical expenses. | $3.00 - Avoid this fee by maintaining a minimum daily balance of $2,500. | n/a | 0.20 % *** $0.01 or more |
$25 |
* For 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 010/01/2021. 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 Account 3 (IRAs)
Traditional IRA
- No penalty for distribution if you are age 59 1/2 or better
- Required minimum distribution for anyone age 72 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:
18 Month APY***:
0.20%***
$0.01 or more
Variable APY*:
4.8%*
$0.01 or more
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 72 or better.
- 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:
18 Month APY***:
0.20%***
$0.01 or more
Variable APY*:
4.8%*
$0.01 or more
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:
18 Month APY***:
0.20%***
$0.01 or more
Variable APY*:
4.8%*
$0.01 or more
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:
18 Month APY***:
0.20%***
$0.01 or more
Variable APY*:
4.8%*
$0.01 or more
3A penalty may be applied for early withdrawal.
* 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. Early withdrawals may be subject to additional fees and taxes**.
You may call, Toll Free (866) 680-BANK/2265, to obtain the most current rate information.
**Consult your tax advisor.
*** APYs are accurate as of 4/1/23. Fees could reduce earnings on an account. Early withdrawals may be subject to additional fees and taxes**. You may call, Toll Free (866) 680-BANK/2265, to obtain the most current rate information.