We have four checking accounts so you can choose what’s best for you. All of them are straightforward with good benefits– and they all include our great service with every account!
PERSONAL ACCOUNT CHECKING
Community Checking
Opening Amount: $50
Features:
No minimum balance
Unlimited check writing
Free ATM/debit card**
Free enhanced online banking with bill pay
Mobile banking and mobile deposit***
Service Charge: None
Subject to approval and limits.
Limit deposits to one item per deposit. $1.00 service fee for each deposited item.
Direct Checking
Opening Amount: $100
Features:
Automatic reimbursement of other banks’ ATM fees (unlimited)
Free enhanced online banking with billpay
Free unlimited check writing
Free ATM/debit card**
Free direct deposit
Free traveler’s checks (single-signer)
Free money orders
Free official checks Free notary service
Mobile banking and mobile deposit***
Service Charge: $6 monthly service fee with Direct Deposit; $8 per month without.**Subject to approval and limits.
Limit deposits to one item per deposit. $1.00 service fee for each deposited item.
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Student Direct Checking
Age Requirement: Community Bank customers enrolled in Student Direct Checking and are under the age of 25, will pay no service charge other than a paper statement fee, if applicable*. Any Community Bank customer that does not meet the age requirement will have their Student Direct Checking account converted to the Direct Checking account product and is subject to the stated monthly service charge(s) of that account.Student Requirement: Documentation of student status required at account opening.
**Subject to approval and limits.
***Limit deposits to one item per deposit. $1.00 service fee for each deposited item.
Guaranteed Checking
Opening Amount: $100
Features:
» Automatic reimbursement of other banks’ ATM fees (unlimited)
» Interest bearing (tiered-rate)
» Free personalized checks for customers 50+ years old
» Free enhanced online banking with billpay
» Free unlimited check writing
» Free ATM/debit card**
» Free direct deposit
» Free traveler’s checks (single-signer)
» Free money orders
» Free official checks
» Free notary service
» Mobile banking and mobile deposit***
Service Charge: $8 monthly service fee; Waived with $15k relationship balance*.
Interest Paid: Interest accrues on the daily collected balance and is credited monthly. The interest rate is variable and is subject to change daily without notice. See a customer service representative for current interest rates.
*See bank for TIS Disclosure for details on relationship requirement.
**Subject to approval and limits.
***Limit deposits to one item per deposit. $1.00 service fee for each deposited item.
Personal Savings Accounts
COMMUNITY SAVINGS
When you’re saving money, every penny counts. That’s why Community Bank prides itself on offering competitive interest rates with its savings accounts.
Opening Amount: $100
Service Charge: $6 if account balance falls below $300 during the quarterly statement period. $2 excess withdrawal fee per withdrawal after the first three during the quarterly
statement period.
Interest Paid: Interest accrues on the daily collected balance and is credited quarterly. The interest rate is variable and is subject to change daily without notice. See a customer service representative for current interest rates.
Regulatory Limit: By law, six third-party withdrawals or transfers are allowed within a calendar month. There are no limits on the number of withdrawals made in person or by ATM.
MINOR SAVINGS
Learning to save a little here and there is one of the best things a young person can learn to do. We can help you teach that life lesson in a valuable way–that also earns more value over time.
With Community Bank’s new “Minor Savings” account:
» Anyone under the age of 19 may be eligible for this account and can start earning interest.
» There’s no monthly service fee on the account.
Opening Amount: $50
Service Charge: No monthly service fee. $2 excess withdrawal fee per withdrawal after the first three during the quarterly statement period.
Interest Paid: Interest accrues on the daily collected balance and is credited quarterly. The interest rate is variable and is subject to change daily without notice. See a customer service representative for current interest rates.
Regulatory Limit: By law, six third-party withdrawals or transfers are allowed within a calendar month. There are no limits on the number of withdrawals made in person or by ATM. Parent or Guardian is required on all Minor accounts.
Money Market Accounts
COMMUNITY PLUS
A money market account usually pays a higher return than a regular savings account while still allowing you some access to your money.
Opening Amount: $20,000
Service Charge:$15 if account balance falls below $10,000 during the monthly statement period. $5 excess withdrawal fee per withdrawal after the first six during the monthly statement period.
MONEY MARKET
A money market account for those who keep smaller balances.
Opening Amount: $1,000
Service Charge: $10 if account balance falls below $1,000 during the monthly statement period. $5 excess withdrawal fee per withdrawal after the first six during the monthly statement period.
Interest Paid: (Community Plus & Money Market): Interest accrues on the daily collected balance and is credited within a calendar month. The interest rate is variable and is subject to change daily without notice. See a customer service representative for current interest rates and balance tiers.
Regulatory Limit:(Community Plus & Money Market): By law, six third-party withdrawals or transfers are allowed within a monthly statement period. There are no limits on the number of withdrawals made in person or by ATM.
Overdraft protection is available on all personal checking accounts upon credit
approval. Member FDIC.
Interest is charged on all interest bearing accounts for items paid on uncollected funds at the current rate allowed by law. Interest is charged on overdrawn balances at the current rate allowed by law. See separate T-I-S disclosures for each account listed in this brochure for current rate and fee information. All interest rates are subject to change without prior notice. Please refer to our Funds Availability and Reg. E Disclosure for rules and regulations governing these accounts.
Certificates of Deposit
If you don’t like the ups and downs of the stock market, and “underneath your mattress” just doesn’t help you sleep well, you need to get “interested” in putting your money in Community Bank CDs.
Opening Amount: $1,000
Interest Rate: Based on term – Call for current rates.
Interest Paid: At maturity on less than 12 months term; quarterly for terms of 12 months or more.
Penalties: Early withdrawal penalty if withdrawn before maturity. The following penalties apply if the certificate is redeemed prior to maturity:
» Terms of 7 to 31 days: the greater of the actual interest earned or 15 days interest.
» Terms of 32 days to 12 months: one month of interest.
» Terms greater than 12 months but less than 36 months: three months interest.
» Terms of 36 months or more: six months interest.
GOLDEN ADVANTAGE CLUB
Community Bank’s Golden Advantage Club is a group designed exclusively for Community Bank customers age 50 and over who maintain a certain amount in combined deposit account balances. Members enjoy monthly activities including mystery trips, international trips and special meals and entertainment…not to mention the many free or discounted bank services. Community Bank Golden Advantage members have traveled over 150,000 miles throughout all 50 states and 1 foreign country, including 2 Alaskan cruises and 2 trips to Hawaii.
(Only available in selected locations).
For all checking and savings accounts
Overdraft protection is available on all personal checking accounts upon credit approval. Interest is charged on all interest bearing accounts for items paid on uncollected funds at the current rate allowed by law. Interest is charged on overdrawn balances at the current rate allowed by law. See separate T-I-S disclosures for each account listed in this brochure for current rate and fee information. All interest rates are subject to change without prior notice. Please refer to our Funds Availability and Reg. E. Disclosure for rules and regulations governing these accounts. Member FDIC.
Banking Conveniences
» Online Banking
» Online Bill Pay
» Telephone Banking
» Safe Deposit Boxes (subject to availability)
» IRAs
» Direct Deposit
» Christmas Club Accounts
» Savings Bonds
» Traveler’s Checks
» Money Orders
» Notary Service
» Wire Transfers
» Professional Asset Management
» Mobile banking and mobile deposit***
Debit Cards
Paper checks are so 20th Century! If you’re tired of running out of checks, scrambling to find a pen and asking cashiers what today’s date is, you need a debit card. With debit cards, money is automatically debited out of your checking account when you make purchases and your statement gives you a listing of what you’ve bought just like a check register. You can even use your debit card at an ATM when you need cash.
Health Savings Accounts
HSAs are an alternative to traditional health insurance. It is a tax advantaged savings account (with some restrictions) that can be used to cover current and future medical expenses. It allows money to be deposited before taxes and then to withdraw the money tax free for qualified medical expenses. We even offer HSA debit cards to make paying for expenses more convenient. See a customer service representative for details.
Credit Card
For more information or to apply to the Community Bank Credit Card,
Service Fees
Community Bank may pay overdrafts occurring in your account and may charge a fee for this service. We offer products that may be less expensive for you than paying these fees including links to savings accounts and overdraft lines of credit. Call or visit your local Community Bank office to discuss these products.
For educational materials on checking and savings accounts, visit MoneySmart by clicking here. Provided by the FDIC.
