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Whether
you’re saving for a new home, a vacation, or life’s
little surprises, choosing to save is an important decision in
forming your financial foundation. At CSB we offer a competitive
mix of interest bearing savings products.
Corridor Kids Savings
- Available to those age 18 or younger
- No monthly service, activity, or transaction fees apply
- No minimum balance to open or keep account active
- Six free withdrawals or transfers from your account per month,
after six there will be a $1.00 per transaction fee.
- Interest earned on a daily basis, paid monthly, with $100 minimum balance
- Interest is paid monthly by increasing balance in account
- Free gift for minor (gifts vary by age) when account is opened
Corridor Savings
- $100 minimum balance to open and $200 minimum daily balance to avoid monthly service charge of $4.50
- Interest earned on a daily basis and paid monthly when a minimum
balance of $200 is maintained
- Interest is paid monthly by increasing
balance in account
- Six free withdrawals or transfers from your account
per month, after six there will be a $1.00 per transaction fee
Wealth Builder Money Market Savings
We offer a tiered plan so that the more you deposit the higher interest rate you earn. See a CSB banker for our current interest rates.
- Minimum opening deposit is $1,000
- Minimum balance of $1,000 avoids a monthly fee of $6.50
- Six free withdrawals or transfers from your account per month, after six there will be a $1.00 per transaction fee
- We offer a tiered plan so that the more you maintain on deposit the higher interest rate you earn. See a CSB banker for our current interest rates
Individual Retirement Accounts
To contribute to a traditional IRA you must be under age 70.5 and have earned income from employment. You may contribute up to $4,000 per year per person. If you're over age 50 you may also contribute an additional $500 "catch up" per year.
- No annual fee applies
- Minimum $200 deposit to open account
- Various investment rates and terms available. See your CSB banker today to discuss.
- Penalty for early withdrawal
- Termination fee of $25 applies
- FDIC insured
Certificates of deposit
Certificates of deposit are savings vehicles that offer set interest rates for a fixed period of time. Generally, interest rates increase in relation to maturity. Interest rates are reviewed weekly.
- Minimum deposit
- Rates are fixed with various maturity terms
- Automatic renewal available
- No early withdrawal penalty in event of death of owner
or medical emergency. Substantial penalty applies for any other
early withdrawal**
- We offer a tiered plan so that the more you deposit
the higher interest rate you earn. Contact your CSB banker for
details.
**A penalty may be imposed for withdrawals before maturity. For certificate
of deposit accounts up to 6 months, the fee we may impose is 182 days of interest
on the amount withdrawn subject to penalty. If your account has a maturity
of 7 to 12 months, the fee we may impose is equal to 6 months interest on
the amount withdrawn subject to penalty. If your account has an original maturity
of 13 to 35 months, the fee we may impose will equal 12 months interest on
the amount withdrawn subject to penalty. If your account has an original maturity
of 36 months or more, the fee we may impose will equal 24 months interest
on the amount withdrawn subject to penalty.
Ask us how you can obtain FDIC insurance on certificates of deposit accounts with balances higher than $100,000 through the CDARS network.
At Corridor State Bank, you’ll find flexible,
convenient and economical ways to meet your everyday banking needs.
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