Savings & Investments

CB&T savings plans are designed to be simple and clear so you can make the investment choices that fit your lifestyle. Talk to our Customer Service Assistants today and begin saving for the future.

STATEMENT SAVINGS ACCOUNTS

  • Available to individuals, organizations and fiduciaries
  • Interest compounded and credited quarterly
  • Minimum $50 deposit to open
  • Minimum balance requirements to avoid service charge


RAINBOW PENNY SAVINGS ACCOUNTS
(Uniform Gifts to Minors)

  • Available to children under the age of 18 years
  • Must be opened by a parent or guardian
  • Interest compounded and credited quarterly
  • Minimum deposit of $1 to open
  • No service charge for quarterly statements
  • No minimum balance requirement


U.S. SAVINGS BONDS
An excellent, low-risk savings investment. Our experts can assist you with purchase and redemption.


INDIVIDUAL RETIREMENT ACCOUNTS (IRA)
It’s smart to begin planning for retirement far in advance. Many people working today won’t have enough money to support them through their retirement years unless they plan and save regularly. IRA s are considered a good tax-deferred option for most folks—you pay no taxes on the income earned until the money is withdrawn—which usually isn’t until retirement. CB&T offers two IRA Investment vehicles:

  • Money Market Deposit Accounts – interest compounded and credited monthly
  • Certificates of Deposit – 1 year or 2 ½ year term, with interest compounded and credited quarterly.

All Individual Retirement Account rules and regulations apply.


CERTIFICATES OF DEPOSIT (CD)
Offering a high degree of safety and security, FDIC insured Certificates of Deposit make an excellent investment choice and are available with various terms at competitive rates. Interest rates are determined weekly based on current market rates. CB&T offers a vast maturity range and several choices of interest payment methods. CDs can be opened with a minimum deposit of $500.


For full disclosure or additional information on all Consolidated Bank & Trust Company accounts, please ask a bank representative at any branch location.