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Installment Savings Account

CBB Bank will help you reach your New Year's Goals. With higher interest rates, get one step closer to your dream every month!

Up to 3.30% APY
Competitive Rate
$1,000~$250,000
Various Goal Amounts
12~36 months
Flexible Terms

The details

Minimum Opening Balance: Equal to your monthly installment
Earns Interest: Fixed interest rate
Easy Deposit: Automatic transfer from a linked CBB Bank account
Withdrawal Fee: Penalty for early withdrawals
Calculated / Compounded: Daily / Quarterly
Term/APY
\
Contract Amount		 12 Months 24 Months 36 Months
APY 2.79% 3.05% 3.30%
$1,000 $82.10 $40.38 $26.41
$5,000 $410.50 $201.88 $132.05
$10,000 $821.00 $403.77 $264.10
$15,000 $1,231.41 $605.65 $396.13
$20,000 $1,641.88 $807.54 $528.17
$25,000 $2,052.35 $1,009.42 $660.21

CBB Bank Installment Savings Account

Visit a nearby branch and check the high interest rates.



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Disclosure

*The Annual Percentage Yield (APY) is 2.79% for a term of 12 & 18 months, 3.05% for a term of 24 months, and 3.30% for a term of 30 & 36 months. The interest rates and APYs are fixed and are accurate as of 1/9/2023 until the end of the contract term. Interest is compounded daily and credited quarterly. The minimum opening balance is determined by taking the contract amount (any $ amount between $1,000 and $250,000) and dividing it by the term of the contract (i.e.; 12, 18, 24, 30, or 36 months) to determine the minimum balance amount. The minimum balance amount is payable each month for the full contract term and the contract amount is only guaranteed if all monthly payments are made according to the payment schedule. The final payment amount may slightly vary from the initial payment amount. The monthly minimum balance must be auto-transferred from a linked CBB Bank Checking, Savings, or Money Market account. The Installment Savings Account must be closed at term maturity or upon withdrawal of funds. If withdrawn before the end of the contract term, an early withdrawal penalty of three (3) months interest will be imposed for terms of 12 & 18, and six (6) months interest for terms of 24 months or longer. Fees could reduce earnings on the account. Please contact your local branch for additional information.