CSB Personal Savings Options

  Passbook Savings Statement Savings Money Market Savings Christmas Club
  open account open account open account open account
Available To and
Recommended For
Customers who want a traditional savings account with no electronic activity and only able to access the funds via in person transactions at a banking center. Customers who want a traditional savings account with the ability to access their funds electronically. Great for ATM or debit cards, online banking and phone banking users. Customers who want to earn competitive market rates, while still having access to their funds. Customers who want to start saving for the next years holiday season.
Monthly Service Charge Free if minimum daily balance is maintained or under the age of 19 or attends college or have a CSB checking account or CD in the same name and same TIN (primary or joint relationship), otherwise $3.00 Free if minimum daily balance is maintained or one direct deposit per statement cycle or under the age of 19 or attends college or have a CSB checking account or CD in the same name and same TIN (primary or joint relationship) or non-profit with qualifying paperwork, otherwise $3.00 Free if minimum daily balance is maintained, otherwise $15.00 Free
Minimum Deposit to Open Account $10.00 $10.00 $5,000.00 $1.00
Minimum Daily Balance $100.00 $100.00 $5,000.00 None
Deposit Limits: 50 items per month ($0.25 per additional item) 50 items per month ($0.25 per additional item) None None
Interest Yes, Compounded and credited quarterly Yes, Compounded and credited monthly Yes, Compounded and credited monthly Compounded and credited monthly and at maturity. Interest not paid on funds over $5,000.00
ATM & Debit Card Access No Yes Yes No
Mobile Banking Free; Only allowed to view account; no transfers in or out permissable. Free (transfer limits apply; see below) Free (transfer limits apply; see below) Free; withdrawal penalties apply. See below.
Mobile Deposits No Free; up to 5 checks per day. Over 5 checks in a day 50¢ per item. Free; up to 5 checks per day. Over 5 checks in a day 50¢ per item. Free; up to 5 checks per day. Over 5 checks in a day 50¢ per item.
Online Banking Free; Only allowed to view account; no transfers in or out permissable. Free (transfer limits apply; see below) Free (transfer limits apply; see below) Free (transfer limits apply; see below)
Phone Banking Free; Only allowed to view account; no transfers in or out permissable. Free (transfer limits apply; see below Free (transfer limits apply; see below Free (transfer limits apply; see below
eStatements No Free Free No

 

Transaction Limits

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, there will be a 25¢ per additional item fee over 50 items per month. The Commercial and Savings Bank reserves the right to accept deposits from its local market area. No brokered deposits.

An early closing fee of $30.00 will apply to all savings accounts that are closed within 90 days of the opening date.
A $10.00 penalty will be charged for each withdrawal of funds from a Christmas Club prior to the maturity date.


CSB Locations