Savings

The foundation of most every successful financial plan begins with establishing a sound savings plan. At Community Neighbor Bank, we blend attractive market rates with impeccable and responsive service in connecting you with the proper savings account.

At the bottom of this page you will find a New Account Application that, when completed, can expedite the account opening process. When you bring this completed application to the bank, please note that you will need to provide two forms of unexpired identification, one of which should be a driver’s license.

 

Interest Bearing:

Please Note:

We offer two interest-bearing checking accounts for those who want the convenience of a checking account with a current market rate of interest. Please call our New Accounts professionals at 334.682.4215 for current interest yields.


NOW Account

• $1,500 opening deposit and balance required to earn current market interest rate and to have no  monthly maintenance fee

• Unlimited checking privileges

• VISA Debit/ATM Card

• Free Internet Banking

• Free 24-hour Telephone Banking

• Free Direct Deposit and within-bank automatic transfers

• Monthly account statement with check images

• Interest compounded and credited monthly

• $7 monthly maintenance fee if account balance drops below $1,500; fee waived if you enroll for free E-Statements


Money Market Demand Account

• Tiered interest rates based on daily balance

• $10,000 opening deposit and balance required to earn current rate

• $5 monthly maintenance fee if balance falls below $10,000

• Free Internet Banking and Notary Services

• Free 24-hour Telephone Banking

• Free Direct Deposit and within-bank automatic transfers

• Monthly image statements

• Withdrawals or checks limited to six per statement cycle

• Monthly fee, if applicable, waived if you enroll for free E-Statements

• Please refer to the account disclosure for additional account limitations

• Rates are variable and may be changed at any time at the discretion of Community Neighbor Bank


Regular Savings

• $100 opening deposit and minimum balance required

• Interest compounded and credited quarterly

• Two withdrawals permitted monthly free of charge

• Please refer to the account disclosure for additional account limitations


Student/Minor Savings

• $100 opening deposit and no minimum balance required

• Interest compounded and credited quarterly

• Two withdrawals permitted monthly free of charge

• Please refer to the account disclosure for additional account limitations


Certificate of Deposits (CDs)

Community Neighbor Bank offers a wide variety of time deposit accounts and rates to meet your investment needs. Our terms begin at 91 days and can be extended up to a 5 year maturity. There is a $2,500 minimum opening deposit. Call today at (334) 682-4215 for current interest yields.


Individual Retirement Accounts (IRA)

Let Community Neighbor Bank help you be a savvy investor for your retirement years. We offer Traditional and Roth Individual Retirement Accounts, each with its own tax benefits. If you anticipate being in a lower tax bracket in retirement and meet the criteria for tax-deductible contributions in current years, a traditional IRA may be perfect for you. Roth IRAs are a great choice if you expect to be in the same or a higher tax bracket during retirement and may not need your IRA assets to live on during retirement; payouts are taken tax free. It is also recommended that you consult your tax adviser for further qualifications.


Download our New Account Application!