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Savings Options

We’re here to help you with your short- and long-term savings goals.

Building a savings fund for any reason takes personal discipline and the right account to help you achieve your goals.  Charlotte State Bank & Trust has savings accounts to help you along the way!

 

  Money Market Deposit Account Savings Account Advantage Savings Account Minor's Savings Account* Certificates of Deposit
Minimum Opening Balance $2,500 $200 $200 $1 $1,000
Balance Requirements $2,500 minimum daily balance to avoid monthly service fee $200 minimum daily balance to avoid monthly service fee $200 minimum daily balance to avoid monthly service fee None None
Monthly Service Fee $10 $3 $3 None None
Interest Earned Tiered interest, the more you have on deposit, the higher your return. Interest compounded daily and credited monthly Compounded daily and credited monthly Tiered interest, the more you have on deposit, the higher your return. Interest compounded daily and credited monthly Compounded daily and credited monthly Earned daily and credited annually or at maturity
Withdrawal Service Fee None Two Free Withdrawals per statement cycle, $1 for each additional withdrawal None
Withdrawal Limitations Learn More Learn More Learn More Learn More Penalty for withdrawal prior to maturity may apply
Withdrawal Limit Fee $7 for each item over regulatory limit None None None None

For current rates, please call the office most convenient to you or e-mail us at customerservice@csbtfl.com.

Early time deposit contract termination penalties and/or administrative fees apply to Certificates of Deposit. The bank reserves the right to enforce the full term of any time deposit contract. If early contract termination is agreed to by the bank, the penalties and/or administrative fees would be applied as disclosed within the pertinent documents at date of issue.

This is not a complete disclosure for Truth in Savings.  For complete disclosure information on each account, please contact a Personal Banker at any of our offices.

*To be eligible for a Minor's Savings Account, the account holder must be under 18 years of age.

If your account is a savings or money market deposit account (MMDA), federal law requires that an account holder may make no more than six transfers and/or withdrawals during any one (1) calendar month or statement cycle (the period from one statement to the next) or similar period of at least four weeks, to another of your accounts with us or to a third party by means of a preauthorized or automatic transfer, or telephonic (including data transmission) agreement order or instruction, or by check, draft, debit card, or similar order made by  you and payable to third parties. Transfers and withdrawals made in person, by messenger or at an ATM are unlimited.

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