PASSBOOK SAVINGS
The plan that started it all at CBL -- our traditional savings account is suitable for all types of savings
goals. You can add deposits or make withdrawals at any time without penalty.
$100 opening deposit required.
$5.00 monthly service fee if balance falls below $250.
KIDS COUNT PASSBOOK
We also have the perfect passbook plan for your kids (minors under the age 21) to teach them the value of
saving regularly.
Kids Count.
No minimum opening deposit or service fee.
MONEY MARKET PASSBOOK
Our Money Market Passbook is tiered interest account ideal for savers with higher balances that like the
flexibility of a passbook. The higher your account balance, the higher the interest earned.
$2500 opening deposit required.
$10 monthly service fee if balance falls below $2500
Interest rate reverts to regular passbook account rate if balance drops below $2500.
PASSBOOK CERTIFICATES OF DEPOSITS - Ask about our CD SPECIALS
Ideal for individuals receiving a large sum of money that you’d like to invest for a limited time, such as proceeds from a real estate sale, a tax refund or an inheritance. Our CD’s feature a variety of terms at fixed interest rates to suit your individual savings goals.
| CD TERM | MINIMUM DEPOSIT | APY* |
| 6 month | $1,000 | 0.45 % |
| 12 month | $1,000 | 0.65 % |
| 18 month | $1,000 | 0.95 % |
| 24 month | $1,000 | 1.00 % |
| 30 month | $1,000 | 1.05 % |
| 36 month | $10,000 | 1.10 % |
| 60 month | $10,000 | 1.21 % |
*Annual Percentage Yields (APYs) quoted on this page are as of the date listed and are effective through the original
terms of the agreement and are subject to change. Interest is compounded as indicated above and credited in
accordance with the terms of the account. Penalties could be imposed for early withdrawal on CDs and IRAs. Fees could
reduce the earnings on the account.
*Rates effective as of February 1st, 2012.
IRA CERTIFICATES OF DEPOSIT – Please contact us for current rates.
Traditional IRA’s are one of the most popular ways to plan for a secure retirement. An Individual Retirement Account allows you to set aside income up to a specified amount each year and usually deduct the contributions from taxable income. Contributions and interest may be tax-deferred until retirement, when typically, income falls in a lower tax bracket. We also offer SEP and Roth IRA’s.
Click here to contact a savings representative at CBL to discuss
your savings plans needs or call 864-877-2054.