Savings Accounts

Savings Accounts

Start saving today with a savings account from Century Bank. Set aside money for a dream vacation, college fund or whatever you choose.  Another great benefit of a Century Bank savings account is Direct Deposit. Automatically have a designated amount of money drafted from your paycheck into your savings account.  Visit one of our convenient locations today and start saving!


Century Classic Savings

  • Minimum deposit of $50 required to open account.
  • A service charge of $9.00 will be imposed every quarter if the daily balance of the account falls below $50.00 any day of the quarter.
  • You may make 6 transfers or withdrawals from your account per monthly statement cycle.*  A fee of $2.00 will be imposed for each subsequent debit.
  • Interest Bearing Account.*
  • Periodic statements will be received monthly unless there are no electronic transfers in a particular month, then statement will be received quarterly.

*Visit your local Century Bank branch for information on interest rates.


Century Seedlings Savings

  • Minimum deposit of $20 is required to open account.
  • No monthly maintenance fee.
  • No monthly balance requirements.
  • Interest Bearing Account.*
  • Periodic statements will be received monthly unless there are no electronic transfers in a particular month, then statement will be received quarterly.
  • You may make 6 transfers or withdrawals from your account per monthly statement cycle.*  A fee of $2.00 will be imposed for each subsequent debit.

*Visit your local Century Bank branch for information on interest rates.


Kasasa Saver

  • Minimum $50 deposit to open
  • Automatically links to your Kasasa Cash or Kasasa Cash Back account for savings!
  • Automatic transfers of Kasasa Cash or Kasasa Cash Back rewards
  • Balances up to $25,000 receive an Annual Percentage Yield of 1.00%
  • Balances over $25,000 earn an Annual Percentage Yield of 0.25% on the portion of balance over $25,000, resulting in a range from 1.00% to 0.25% APY – depending on the account’s balance
  • 0.05% Annual Percentage Yield if qualifications are not met on Kasasa checking account
  • No monthly service fee
  • No minimum balance to earn rewards

If you don’t qualifiy, the account is still free, and you receive 0.05% interest and you can try again next month!


Special Note Applicable to ALL Savings Accounts:

  • Frequency of Rate Change:  We may change the interest rate and annual percentage yield on this account at any time without prior notification to you on any of these accounts.
  • Compounding and Crediting: Interest will be credited and compounded to your account on a quarterly basis.  Interest begins to accrue no later than the business day credit is received for the deposit and non-cash items (for example, checks).  If the account is closed before the interest has been credited, you will not receive the accrued interest.
  • Balance Computation Method: The daily balance is used to calculate the interest on the account.  This method applies a daily periodic rate to the collected balance in the account each day.

 


*For savings and money market accounts:  In accordance with federal regulations, you may not make more than six (6) covered transfers per monthly statement cycle.  These transfers may be preauthorized, automatic, telephone, telephone banking, bill pay, internet banking, or may be made by check, draft, debit card, check card or similar order made by the depositor and payable to a third party (provided such tansactions are allowed by us for your particular type of account).

If you need to access your account more frequently, the following non-covered transactions are unlimited per statement cycle:  loan payments to us, mail, customer messenger, ATM, or in person withdrawals (provided such transactions are allowed by us for your particular type of account).

A fee of $2.00 will be imposed for each debit over 6 covered and/or non-covered in each monthly statement cycle.

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