Statement Savings

The minimum amount required to open a Statement Savings Account is $10.00. There is no service charge imposed when a $100.00 minimum daily balance is maintained. If the balance falls below the minimum, there is a $1.00 monthly service charge. For individuals under the age of 18, there is no service charge even if the balance should fall below $100.00. Interest is calculated on the daily ledger balance, is compounded every quarter and credited to your account every quarter. Transfers from a CSB Statement Savings Account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per month with no transfers by check, draft, debit card, or similar order to third parties.


Christmas Savings

Christmas Savings Accounts are paid out in October. The minimum amount required to open this account is $10.00 and to obtain the annual percentage yield disclosed you must maintain a minimum balance of $10.00 in the account each day. Interest is not compounded but rather is credited to your account annually. Interest is calculated on the daily ledger balance and begins to accrue no later than the business day we receive credit for the deposit. You may not make any transfers from this account to another account of yours or to third parties by preauthorized, automatic, or telephone transfer or similar order to third parties and if any withdrawal is made from this account before October the account may be closed.
 

For current rates, contact one of our qualified personnel at any of our three locations.