FDIC-Insured - Backed by the full faith and credit of the U.S. Government
FDIC-Insured - Backed by the full faith and credit of the U.S. Government
Personal savings
Whether you are saving for a vacation next year or for retirement decades away, we have the right savings option for you.
Choose the account below that best meets your financial needs or view our Personal Savings Brochure to learn more:
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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Open your account with as little as $100.
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Competitive interest rates to help your money grow faster.
Open Your New Savings Account Online
Save Time Online – No Branch Visit Needed!
MONEY MARKET ACCOUNTS
Enjoy tiered interest rates that provide a higher return for the more you save, with a money market account.
- Open your account with as little as $2,500.
- Avoid monthly service charges with a $1,000 minimum balance.
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.
- Open your account with as little as $5,000.
- Fixed interest rates ranging in 3 month to 72 month terms.
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 All earnings grow tax-deferred until withdrawn.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.
FIRST STEPS SAVINGS
Your Child's First Savings Account
Start your child on the path to financial success with our First Steps Savings account. Designed specifically for young savers under the age of 18, this account makes learning the value of saving fun and rewarding.
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Built for Kids & Teens: The perfect account to teach the value of saving early. Designed for young savers under the age of 18.
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Premium Interest Rate: Enjoy a premium 2.50% APY (2.47% Interest Rate) in commemoration of our nation's 250th anniversary. (Limited time offer - rate subject to change)
- $10 Annual Birthday Bonus: Celebrate your child's birthday with a $10.00 cash bonus deposited directly into their account every year.
- Learn and Grow Together: Monitor savings goals together through easy online banking paired with free & secure e-Statements.
Meet Your Local IRA Rollover Team
Introducing your local IRA Rollover team!
Specializing in guiding you through the IRA rollover process, our front line staff is here to help you manage your retirement accounts with ease. Whether you're transferring funds from a previous employer's 401k plan, consolidating multiple IRA accounts, rolling over an annuity or transferring your IRA from another institution, our team can help answer all of your questions and provide personalized help.
With their expertise and commitment to your financial goals, your local IRA Rollover team will help ensure you're on track every step of the way to achieve your retirement goals confidently and efficiently.
Professional Guidance:
Your local IRA Rollover team is here to offer expert advice tailored to your individual needs and retirement goals.
Personalized Service:
Receive one-on-one consultations to answer any questions, explore the best retirement account options for your needs, and more!
Ongoing Support:
Our IRA Rollover team is here to provide continuous support and updates, ensuring you stay informed about federal guideline changes, receive your necessary annual tax forms, and more.
Always Locally Available:
Whether it's in-person or over the phone, we're always available at our branch during business hours to answer any questions or talk about your accounts. No appointment necessary!
Add the following free services to your account:
COMPARE OUR SAVINGS ACCOUNTS BELOW
Savings Accounts | Money Market Accounts | Certificate of Deposit (CDs) | |
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 |
