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Locations | Investor Relations

 

DISCLOSURES

 

TRUTH IN SAVINGS ACCOUNT DISCLOSURES


CHECKING ACCOUNTS:

FREE CHECKING: $25.00 minimum deposit to open account. No minimum balance required. No monthly service charge. Non-interest bearing account.

TRADITIONS CHECKING: $25.00 minimum deposit to open account. $500.00 average balance1 to avoid $6.00 service charge per statement cycle. Non-Interest bearing account.

 

ADVANTAGE CHECKING: $25.00 minimum deposit to open account. $500.00 average balance1 to avoid $8.00 service charge per statement cycle. Interest bearing account. Must maintain a minimum daily balance of $500.00 to earn interest for the statement cycle. We use the daily balance2 method to calculate the interest on your account. Interest is compounded and credited to the account monthly. Variable rate product available to consumers only.  See Effect of Closing3.

 

CHAIRMAN’S CLUB CHECKING: Available to our customers 50 years of age and older. $25.00 minimum deposit to open account. No minimum balance required. No monthly service charge. Interest bearing account. Must maintain a minimum daily balance of $1,000.00 to earn interest for the statement cycle. We use the daily balance2 method to calculate the interest on your account. Interest is compounded and credited to the account monthly. Variable rate product available to consumers only.  See Effect of Closing3.

 

BUSINESS CHECKING: $50.00 minimum deposit to open account. A $500.00 average balance1 is required to avoid a $6.00 service charge per statement cycle. Non-interest bearing.  First three hundred (300) items free. $.10 per item over 300 (items include checks paid, checks deposited, ACH debit or credits).  See Effect of Closing3.

 

SMALL BUSINESS INTEREST CHECKING: $50.00 minimum deposit to open account. A $1,000.00 average balance1 is required to avoid a $10.00 service charge per statement cycle. First three hundred (300) items free. $.10 per item over 300 (items include checks paid, checks deposited, ACH debit or credits). Interest bearing account. Interest is compounded and credited monthly. $1,000.00 minimum daily balance to earn interest for the statement cycle. We use the daily balance2 method to calculate the interest on your account. Variable rate product.  See Effect of Closing3.

 

PREMIUM BUSINESS INTEREST CHECKING: $50.00 minimum deposit to open account. A $10,000.00 average balance1 is required to avoid a $10.00 service charge per statement cycle. First two hundred (200) items free. $.25 per item over 200 (items include checks paid, checks deposited, ACH debit or credits). Interest bearing account. Interest is compounded and credited to the account monthly. Variable rate product. This is a tiered rate product. TIERS: (1) $1.00 - $9,999.99; (2) $10,000.00 - $49,999.99; (3) $50,000.00 - $99,999.99; (4) $100,000.00 - $249,999.99; (5) $250,000.00 - $499,999.00; (6) $500,000.00 and up.  We use the daily balance2 method to calculate the interest on your account. See Effect of Closing3.

 

COMMUNITY PARTNERS CHECKING: $50.00 minimum deposit to open account. A $100.00 average balance1 is required to avoid a $1.00 service charge per statement cycle.  Non-interest bearing account. Available to our non-profits and small community organizations and clubs.

MUNICIPAL CHECKING: $50.00 minimum deposit to open account. $5,000.00 average balance1 to avoid $10.00 service charge per statement cycle. Interest Bearing account. Interest is compounded and credited to the account monthly. Variable rate product. This is a tiered rate product.  TIERS: (1) $1.00 - $9,999.99; (2) $10,000.00 - $49,999.99; (3) $50,000.00 - $99,999.99; (4) $100,000.00 - $249,999.99; (5) $250,000.00 - $499,999.99; (6) $500,000.00 and up. We use the daily balance2 method to calculate the interest on your account.  See Effect of Closing3. This account is reserved for public funds and Act 72 depositors.

 

SAVINGS ACCOUNTS:

STATEMENT SAVINGS: $25.00 minimum deposit to open account. $25.00 average balance1 to avoid a $2.00 service charge per quarterly statement cycle. Interest bearing account. Interest is compounded and credited quarterly. Must maintain a mini­mum daily balance of $25.00 to earn interest for the statement cycle. We use the daily balance2 method to calculate the interest on your account. Variable rate product. Regulatory limit of 6 transfers per statement cycle4.  See Effect of Closing3.

 

SUPER STAR SAVINGS: Reserved for customers aged 17 or younger. $25.00 minimum deposit to open account. No minimum balance required. No monthly service charge. Interest bearing account. Interest is compounded and credited quarterly. We use the daily balance2 method to calculate the interest on your account. Must maintain a minimum daily balance of $25.00 to earn interest for the statement cycle. Variable rate product.  Regulatory limit of 6 transfers per statement cycle4.  See Effect of Closing3.

 

MONEY MARKET: $2,500.00 minimum deposit to open account. $2,500.00 average balance1 to avoid a $10.00 service charge per statement cycle. Interest bearing account. Interest is compounded and credited monthly. We use the daily balance2 method to calculate the interest on your account.  Regulatory limit of 6 transfers and/or checks written to third parties per statement cycle4.  Variable rate product.  You must maintain a minimum daily balance of $2,500.00 to earn interest on this account for the statement cycle.  This is a tiered rate product. TIERS: (1) $0.00 - $2,499.99; (2) $2,500.00 - $9,999.99; (3) $10,000.00 - $29,999.99; (4) $30,000.00 and up.  See Effect of Closing3.

 

PRESTIGE MONEY MARKET: $2,500.00 minimum deposit to open account. No minimum balance required. No monthly service charge. Interest bearing account. Interest is compounded and credited monthly. We use the daily balance2 method to calculate the interest on your account.  Regulatory limit of 6 transfers and/or checks written to third parties per statement cycle4.  Variable rate product.  You must maintain a minimum daily balance of $2,500.00 to earn interest on this account for the statement cycle.  This is a tiered rate product.  TIERS: (1) $0.00 - $2,499.99; (2) $2,500.00 - $24,999.99; (3) $25,000.00 - $49,999.99; (4) $50,000.00 and up.  See Effect of Closing3.

 

ALL PURPOSE CLUB: $2.00 minimum deposit to open account. Customer is required to set up automatic payments into this account from a Riverview Bank, CBT Bank or Citizens Neighborhood Bank, checking or savings. Over the counter deposits are also permitted. Interest bearing account. Interest is compounded and credited to the account at maturity.  We use the daily balance2 method to calculate the interest on your account. This is a variable rate product. You must maintain a minimum balance of $2.00 to earn interest. You may make principal withdrawals from the account only if we agree at the time you make the request however this will automatically close the account and a $6.00 penalty will apply. In addition, a penalty of 7 days loss of interest will be applied if the withdrawal is made within the first 6 days after opening the account or all interest accrued on the amount withdrawn subject to penalty. The account will mature on the 15th day of the month of your choice and will automatically renew at that time if you are set up for direct deposit of your matured funds into a CBT Bank deposit account. 

 

HEALTH SAVINGS ACCOUNT: $25.00 minimum deposit to open account. No minimum balance required. No monthly service charge.  $25.00 set up fee applies. Interest bearing account. Interest is compounded and credited quarterly. We use the daily balance method2 to calculate the interest on your account. Variable rate product. Withdrawals are subject to IRS rules and limitations.  See Effect of Closing3.

 

COMMON DISCLOSURES:

  • All accounts subject to approval. 
  • All interest bearing accounts – earnings begin to accrue no later than the business day we receive credit from non-cash items (for example, checks).
  • Current rates available by calling your local branch office; please visit the “Locations” tab for contact information.
  • A dormant fee will be imposed monthly after 24 months of inactivity on all checking and savings accounts. Please see our fee schedule for the current dormant fee.

1Average balance is calculated by adding the principal in the account for each day of the statement cycle period and dividing that figure number of days in the statement cycle.

2Daily Balance method- This method applies a daily periodic rate to the principal in the account each day.

3Effect of closing-If you close your account before interest is credited you will receive the accrued interest.

4Savings and Money Market Transaction Limitations - You are limited to 6 withdrawals or 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.

 

FOR CHECKING ACCOUNT CUSTOMERS: The Bank may make a change in your Checking Account that will not affect your available balance, interest earnings, FDIC insur­ance, or bank statement. This Account will consist of a checking sub account and a savings sub account. The bank may periodi­cally transfer funds between these two sub accounts. On a sixth transfer during a calendar month, any funds in the savings sub account will be transferred back to the checking sub account. If your Account is a plan on which interest is paid, your interest calculation will remain the same. Otherwise, the savings sub account will be no-interest bearing. The saving sub account will be governed by the rules governing our other savings accounts.

 

PROCESSING ORDER: All credit transactions are processed first. Debits, or withdrawals, from your account will be processed as follows: electronic items such as ATM and Preauthorized transactions then checks. The items are processed in the order received within each category. The processing order of these items is important because if there is not enough money in the account to pay for the items in the order they are processed in accordance with the processing order, there may be an overdraft on your account which may result in overdraft or non-sufficient funds fees or an increase in the amount of these fees. Checks will be posted in check number order.