CHECKING ACCOUNTS
Freedom Account
- $50 minimum opening deposit
- No daily minimum balance requirement
- A statement, including images of your cleared checks, will be issued monthly. A $5 fee will be assessed every statement cycle for any statement that is mailed. To AVOID the imposition of the $5 fee, you are required to choose to receive your statements electronically.
Silver Checking
- $50 minimum opening deposit
- No daily minimum balance requirement
- No monthly maintenance fee for including images of your cleared checks in your monthly statement
One account owner must:
- Be 55 or older
- OR Receive a fixed income from Social Security (proof is required; either the most recent award letter or proof of existing direct deposit)
Interest Bearing Checking
- $1,500 minimum opening deposit
- Interest compounded monthly; interest rate and annual percentage yield may change at anytime
- $1,500 minimum daily balance
- A statement, including images of your cleared checks, will be issued monthly
- If the balance falls below $1,500, the account will not earn interest and a $10 fee will be assessed each statement cycle that the minimum daily balance requirement of $1,500 is not met.
Diamond Club Checking
- Must have $10,000 or more in combined deposits held with CentreBank to open
- Interest rate is dependent on applicable tier
- Interest compounded monthly; interest rate and annual percentage yield may change at any time
- Free personalized checks, upon request
- Free Money Orders and Cashier’s Checks
- Receive premium of 10 basis points on new certificates of deposit, upon request
- Receive discount of 25 basis points on loans if payment is set up as an electronic funds transfer, upon request
- A statement, including images of your cleared checks, will be issued monthly
- $10,000 minimum daily balance. If the combined deposit account balance falls below $10,000, a $10 fee will be assessed for each statement cycle that the minimum daily balance requirement of $10,000 in combined deposits is not met
SAVINGS ACCOUNTS
Money Market
- $2,500 minimum opening deposit
- Interest rate is dependent on applicable tier
- Interest compounded monthly; interest rate and annual percentage yield may change at any time
- $2,500 minimum daily balance. If the balance falls below $2,500, the account will not earn interest and a $10 fee will be assessed for each statement cycle that the minimum daily balance requirement of $2,500 is not met.
Statement Savings
- $50 minimum opening deposit
- Interest compounded quarterly; interest rate and annual percentage yield may change at any time
- $50 minimum daily balance. If the balance falls below $50, a $2 fee will be assessed for each month that the minimum daily balance requirement of $50 is not met. Must maintain a balance of $1 to obtain annual percentage yield.
Christmas Club
- $5 minimum opening deposit
- Interest and principal paid by check at maturity; interest rate and annual percentage yield may change at any time
- Maturity date is the second Thursday of October
- Automatically renewable
- A $5 fee will be assessed for any withdrawals prior to maturity and interest is forfeited; the account will be closed.
Certificates of Deposit
- CentreBank offers Certificates of Deposit ranging from 3 months to 5 years. Call your nearest branch to speak with a Customer Service Representative to inquire about our current offering rates and specials. All accounts are FDIC insured and subject to the terms and conditions as stated on the account agreement.
RETIREMENT ACCOUNTS
Individual Retirement Accounts (IRA)
All CentreBank IRA accounts are held as Certificates of Deposit.
- $250 minimum opening deposit
- Interest compounded quarterly
- Traditional and Roth IRAs available
- Rollovers accepted
- Automatically Renewable
For all accounts: overdraft and/or returned item fees may apply. Furthermore, third party internet, data, and/or mobile fees may apply for Internet Banking, Bill Pay, and/or Mobile Banking.
