Personal Savings
It is never too soon or too late to start a savings program. Choose a savings program that meets your situation, needs, goals and plans while maintaining your money in a safe and accessible place. Not sure which one is right for you? Simply give us a call or stop in. We’re happy to help guide you through your choices.
Features |Make your savings work for you
- Interest Quarterly or Monthly
- Unlimited Deposits
- Automatic Savings Transfers
|
Copper Savings |
Platinum Statement Savings |
Gold Money Market Savings | |
|---|---|---|---|
|
Benefits |
A standard savings account that is ideal if you are just beginning to save. |
Perfect if you desire an account to help you maximize your savings. |
Combine the convenience of a savings with the accessibility of limited check writing. |
|
Opening Deposit |
$100 |
$100 |
$100 |
|
Tiered Interest Rates |
No |
Yes |
Yes |
|
FDIC- Insured** |
Yes |
Yes |
Yes |
|
Minimum Monthly Balance |
$250 |
$2,500 |
$2,500 |
|
Monthly Service Fee |
$10 quarterly fee if daily balance falls below $250. Waived if balance maintained |
$10 monthly fee if daily balance falls below $2,500. Waived if balance maintained |
$10 monthly fee if daily balance falls below $2,500. Waived if balance maintained |
|
Withdrawal Limits |
There are no limits on the amount or frequency of in person withdrawals. A total of 6 external withdrawals or transfers may be made each month. |
There are no limits on the amount or frequency of in person withdrawals. A total of 6 external withdrawals or transfers may be made each month. |
There are no limits on the amount or frequency of in person withdrawals. A total of 6 external withdrawals or transfers may be made each month. |
*Additional joint owner may be required for minors. Minor savings accounts minimum balance will be waived on Copper Savings.
** Deposits are insured by the Federal Deposit Insurance Corporation (FDIC) to at least $250,000 for each depositor.
Certificates of Deposit
Guarantee a return on your investment with a CD.
Canyon Community Bank CDs offer you a safe and secure savings option.
- Low minimum to open the cd of $1000
- Terms from 30 days to 36 months
- Interest can be compounded to the CD, mailed monthly by check, or deposited to your checking or savings account.
There may be a penalty for early withdrawal.
Individual Retirement Accounts
A Canyon Community Bank IRA is a great way to help you grow your retirement savings.
Take control of your future. No matter what your age, it’s not too early or too late to have a plan for your retirement.
Traditional IRA
Your contributions may be tax deductible and the investment earnings can be tax deferred until the time of withdrawal. Penalty-free withdrawals can be made for college expenses or the purchase of a first home. Other withdrawals prior to investment maturity may be subject to penalties.
