Personal Savings Accounts
Whether you’re saving for Christmas, that special something you’ve always wanted, or just want to be prepared for the curves life can throw at you, we have a savings account that can help you reach your goals.
Passbook Savings
Benefits
Enjoy an interest bearing savings account with convenient online and mobile banking, your choice of paper or e-statements, and no monthly service fees!
Terms & Conditions
- Statements are provided quarterly.
- Interest is compounded quarterly using the Daily Balance method which applies a daily periodic rate to the principal in the account each day.
- The interest rate is a variable rate and we may change the interest rate on your account at anytime.
- Must maintain a minimum balance of $100.00 in the account each day to obtain the disclosed Annual Percentage Yield.
- A $5.00 dormant account fee will be charged each statement cycle if you have made no deposits or withdrawals to the account in 3 years and the balance is $500.00 or less.
- Limited to 6 withdrawals or transfers per month.
- Limited withdrawals or transfers include transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card, or similar order to a third party per month.
- An excess debit charge of $1.00 will be charged for each withdrawal in excess of 4 per month.
- With mobile banking, fees from your mobile or data carrier may apply.
- Additional services may incur service fees.
Education Pays Savings
Benefits
A great way for your kids to begin saving money. Receive a $1.00 bonus for every A (or highest grade possible) earned at school, up to $10 per grading period.
Terms & Conditions
- The interest rate is a variable rate and we may change the interest rate on your account at anytime.
- Must maintain a minimum balance of $5.00 in the account each day to obain the disclosed Annual Percentage Yield.
- Interest is compounded quarterly using the Daily Balance method which applies a daily periodic rate to the principal in the account each day.
- Limited to 6 withdrawals or transfers per month.
- Limited withdrawals or transfers include transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card, or similar order to a third party per month.
- Grade incentive bonus will only be paid for the current grading period at the time the report card is presented. We will not pay for any previous grading periods.
- An excess debit charge of $2.00 will be charged for each withdrawal in excess of 3 per quarter.
- With mobile banking, fees from your mobile or data carrier may apply.
- Additional services may incur service fees.
Christmas Club
Benefits
Choose a $5, $10, or $20 weekly payment amount and make saving for Christmas easy this year. Payments are automatically transferred from your existing Citizens Bank checking or savings account and may be made on a weekly, biweekly, semi-monthly, or monthly basis. This account has no monthly service fee, helping your balance grow faster. Earn a bonus for making 49 out of 50 payments!
Terms & Conditions
- No withdawals permitted before October each year, or the account is subject to being closed.
- All deposits made to this account must be an automatic transfer from an existing checking or savings accout held at Citizens Bank.
- No withdrawals are allowed. A check will be issued at the end of the club year for principal and bonus payment.
- Activity is reported in your checking or savings account statement. No separate statements will be mailed for this account type.
- Based on a 50 week club year: To earn the 50th payment bonus, 49 payments must be made by the end of the club year by automatic transfer.
Vacation Club
Benefits
Choose a weekly payment amount of $10, $20,$30, $40, or $50 and make saving for your next vacation a breeze. Payments are automatically transferred from your existing Citizens Bank Checking or Savings account and may be made on a weekly, biweekly, semi-monthly, or monthly basis. This account has no monthly service fee, helping your balance grow faster. Earn a bonus for making 49 out of 50 payments!
Terms & Conditions
- No withdrawaals are permitted during the club year. Principal and bonus payment will be paid by automatic transfer at end of club year.
- All deposits made to this account must be by automatic transfer from an existing checking or savings account held at Citizens Bank.
- Activity is reported in your checking or savings account statement. No separate statements will be mailed for this account type.
- Based on a 50 week club year: To earn the 50th payment bonus, 49 payments must be made by the end of the club year by automatic transfer.
