Features Included
Free Online/Mobile Banking and Telephone Banking. ATM Card available for most 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
- No minimum balance required
- Interest is computed daily and paid quarterly
- A quarterly statement is provided for your records
Statement Savings
- Minimum opening deposit is $50.00
- $4.00 maintenance charge will be assessed if balance falls below $50.00 any day during the three month statement cycle; no interest will be paid
- Interest is computed daily and paid quarterly
- A quarterly statement is provided for your records
Automatic Savings
- No minimum opening deposit
- No minimum balance
- Account must receive a transfer, at least monthly, from any internal
- Charlevoix State Bank account or ACH credit
- Interest is computed daily and paid quarterly
- Statement is combined with statement from transfer account; provided either monthly or quarterly
Certificate of Deposit
- Minimum deposit $500.00
- Maturity terms range from 3 months to 5 years
- Fixed interest rate
- Compounded interest
- Penalty for early withdrawal
- Automatically renews, if not withdrawn at time of maturity, into same term and current interest rate.
Individual Retirement Accounts (IRAs) - Traditional & Roth
- Minimum deposit $500.00
- Maturity terms range from 3 months to 5 years
- Fixed interest rate
- Compounded interest
- Penalty for early withdrawal
- Automatically renews, if not withdrawn at time of maturity, into same term and current interest rate.
- Free rollovers and transfers at maturity
