Personal Savings

Free Internet Banking and Telephone Banking is available for all account types.

Please see our Schedule of Fees Services for all account fees. Interest rates on savings accounts may vary. Please check with your Charlevoix State Bank representative for the current rate.

Minor Savings

  • Accountholder must be 18 years of age or younger.
  • Minimum opening deposit is $50.00
  • Pre-authorized transfers or withdrawals are limited to six per calendar month. Unlimited transfers and withdrawals are allowed if made through an ATM or in person. 
  • Interest is computed daily and paid quarterly.
  • A quarterly statement is provided for your records.   

Statement Savings

  • Minimum opening deposit is $50.00.
  • Pre-authorized transfers or withdrawals are limited to six per calendar month. Unlimited transfers and withdrawals are allowed if made through ATM or in person. 
  • Interest is computed daily and paid quarterly.
  • A quarterly statement is provided for your records.
  • Free ATM card 

Automatic Savings (Set It And Forget It)

  • No minimum balance; no quarterly service charge.
  • This account must receive a transfer, at a minimum monthly, from any internal Charlevoix State Bank account.
  • Pre-authorized transfers or withdrawals are limited to six per calendar month.
  • Interest is computed daily and paid quarterly.
  • Statement may be combined with statement from transfer account; provided either monthly or quarterly.  

Certificates of Deposit

  • Minimum deposit amount is $500.00.
  • Maturity terms range from 3 months to 5 years.
  • Interest rates are fixed for the term of the certificate of deposit. Several interest payment options are available.
  • Penalty for early withdrawal.
  • A certificate of deposit will automatically renew if left alone at time of maturity into same term and current interest rate. 

Individual Retirement Accounts (IRAs) - Traditional,   Roth & Education

  • Minimum deposit amount $50.00 for a 7 Day IRA.
  • Minimum deposit amount $500.00 for all other IRAs.
  • Same rules apply from Certificates of Deposit.
  • Free rollovers and transfers at maturity.    

Additional terms may apply.

All deposits are insured up to $250,000 by the FDIC, subject to FDIC rules and requirements. A brochure outlining your coverage options is available at any of our branches or by mail upon request.