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PASSBOOK SAVINGS
An ideal way to save regardless of your age or income.
Interest is paid quarterly. Your money is always available
when you need it. A $3.00 fee will be imposed on your savings
account each month if your balance falls below $100.00 on
any day of the monthly statement cycle. We will waive this
fee for any savings customers that also have a checking account
or certificate of deposit with CSB. The account must be titled
in the same manner using the same taxpayer identification
number.
STATEMENT SAVINGS
All transactions and interest are listed on a monthly
statement. You are given preprinted deposit and withdrawal
tickets to fill out with each transaction. Interest is paid
monthly. A $3.00 fee will be imposed on your savings account
each month if your balance falls below $100.00 on any day
of the monthly statement cycle. We will waive this fee for
any savings customers that also have a checking account or
certificate of deposit with CSB. The account must be titled
in the same manner using the same taxpayer identification
number.
VALUE STATMENT SAVINGS
This account is beneficial for customers who do not need a
checking account or who carry a low balance in their savings.
It works the same as our regular Statement Savings account
with one unique feature; the monthly balance requirement is
waived as long as regular monthly direct deposits are made
into the account. A $3.00 fee will be assessed for each monthly
statement cycle where the account did not receive a direct
deposit.
Up to 10 of the $1.00 foreign ATM fees will be waived per
monthly statement cycle. (Other banks’ surcharges will
still apply.)
MONEY MARKET
SAVINGS
The CSB Money Market Savings is ideal for those customers
who carry a larger balance in their savings account. A higher
interest rate is paid on balances over $5,000 and free Money
Market checks are given with each account. If the balance falls
below $5,000, a $10.00 monthly fee will be imposed.
PLATINUM
SAVINGS
Earn a premium interest rate with our special Platinum
Savings account. This account is designed for those customers
who carry balances of $100,000 or greater and wish to keep funds
available for easy withdrawal. With this special account, a
tiered interest rate structure has been established and rewards
you for higher balances.
Platinum Savings Fees - A $25.00 monthly fee will be charged
if your balance falls below the $100,000 minimum at any time
during the month.
** An early closing fee of $25.00 will apply
to all savings accounts that are closed within 90 days of
the opening date.
CHRISTMAS CLUB
A Christmas Club account helps save the money needed
for holiday shopping. You can choose the amount of your weekly
deposit. If all 49 payments are made, the bank will make the
50th payment. There is a fee of $10 to close the account early
and partial withdrawals are not permitted.
Transaction limits apply to all
savings accounts. Under federal regulations, you are
allowed up to six pre-authorized withdrawals per monthly statement
cycle, including telephone or electronic transfers. There
is no limit on deposits or the number of withdrawals you can
make at an ATM, by mail, or any CSB office. However, you will
be charged a $1.00 fee for each withdrawl over six ($10.00
for Platinum Savings accounts). The Commercial and Savings
Bank reserves the right to accept deposits from its local
market area. No brokered deposits.
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