Personal savings
Whether you are saving for a vacation next year or for retirement decades away, we have the right savings option for you.
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PERSONAL SAVINGS ACCOUNTS
With a CSB savings account, you'll have a safe place to save for goals or unexpected expenses.
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MONEY MARKET ACCOUNTS
Enjoy tiered interest rates that provide a higher return for the more you save, with a money market account.
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CERTIFICATE OF DEPOSIT (CDs)
A Certificate of Deposit - or CD - is a savings product with the security of a fixed return over a specific length of time.
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INDIVIDUAL RETIREMENT ACCOUNTS (IRAs)
An IRA is a personal savings plan established by individuals to provide supplemental income at retirement. Community Savings Bank offers both Traditional and Roth IRAs and can be invested in either a Money Market Savings or Certificate of Deposit.
- Traditional IRAs can offer immediate tax benefits. All earnings grow tax-deferred until withdrawn. Contributions may be tax-deductible.
- Roth IRAs are non-deductible contributions to accounts that feature tax-free withdrawals for certain distribution reasons after a five-year holding period.
- Give us a call or visit today to talk to one of our IRA specialists to learn more about how an Individual Retirement account can work for you.
- Click here for IRA interest rates.
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COMPARE OUR SAVINGS ACCOUNTS BELOW
| | Savings Accounts | Money Market Accounts | Certificate of Deposit (CDs) |
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| Minimum balance to open |
$100 |
$2,500 |
$5,000 |
| Minimum balance to avoid fees |
$100 |
$1,000 |
N/A |
| Minimum balance fee monthly |
$2 |
$2 |
N/A |
| Relative interest rate |
Low |
Medium |
High |
| Penalties for early withdrawal |
No |
No |
Yes |
| Unlimited withdrawals in person |
Yes |
Yes |
N/A |
| Statement frequency |
Monthly |
Monthly |
Year-End |
| Fee for paper statement |
N/A |
$5 |
N/A |
| Eligible for IRA funds |
No |
Yes |
Yes |
Read Account Disclosures
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