Savings and Certificates of Deposit

We understand that life is full of options, and banking should be too. CenterBank savings plans offer you the safety of FDIC insurance combined with flexibility, convenience and control. You decide the benefits and features that fit your needs. CenterBank savings accounts offer a full range of features including: easy access through a CenterBank ATM card, the ability to link any savings plan or CD to a checking account to receive a combined monthly statement, the ability to link your savings and CD’s together on selected accounts to avoid monthly service charges, and the ability to have automatic transfers from your checking account each month to help your savings grow. Interest on all CenterBank savings accounts and CD’s is compounded daily and credited to your account monthly to help your savings grow even faster.

Regular Savings
A traditional savings account that offers competitive interest rates and allows you to make unlimited deposits and withdrawals at a CenterBank teller window. An initial deposit of $25 is all you need to begin. Make automatic transfers from your checking account and watch your savings grow.

Money Market Investment Savings
Receive premium interest rates on our tiered-rate¹ savings plan without sacrificing safety, liquidity, convenience or service. The more you save the higher the interest rate. Our Money Market Investment Savings rates are set each week based on a review of published money fund averages. This premium money market account gives you limited check writing ability and no limit on deposits or withdrawals by ATM, in person at the bank, or by mail.²

Young Savers Account
We encourage kids to learn healthy savings habits too. All the same features of our Regular Savings account with no minimum balance or monthly service charge for those under the age of 18.

Certificates of Deposit
Safety, flexibility and convenience. CenterBank CD’s are available in a wide variety of maturities and deposit sizes, beginning with as little as $500. With our flexible terms, you can choose a maturity date from 30 days to 5 years and enjoy rates of return³ that are generally higher than those available for most savings accounts. You also have the flexibility of receiving interest checks monthly, quarterly, semi-annually or annually or choosing to keep the interest in your account to earn interest along with the principal.

Choose the Savings Plan that’s Right for You.
A CenterBank savings plan can help you save to meet a specific need or save for a rainy day. Saving is an important part of everyone’s financial plan and we make it easy. Choose the features and benefits that meet your needs, and then choose the account that’s right for you. Banking is about choices – and CenterBank offers competitive interest rates and a variety of safe, flexible, and convenient accounts to choose from.

1 All balances in the account will earn the highest rate you qualify for based on your average balance that statement period.

2 Federal regulations restrict account holders to six “preauthorized” withdrawals per month. Preauthorized withdrawals include telephone transfers, wire transfers, automatic payments (ACH), and checks. Regulations allow three of the six withdrawals to be by check. The law allows unlimited withdrawals at teller counters, ATM’s and by mail.

3 There is a substantial penalty for early withdrawal from Certificate of Deposit and IRA Certificate of Deposit Accounts.