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Savings & CDs

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Savings Installment Account 1 Money Market Time Certification of Deposit Account Flex Certification of Deposit Account
Ideal for Business that wants traditional savings account that earns interest Business that wants to make fixed monthly contributions for future use Business that wants convenient savings account with limited checking account features Business that wants to earn a higher rate of returns with a fixed rate Business that wants 12 month term CD with flexible benefits
Minimum Opening Deposit $100 First monthly installment amount $500 $1,000 $10,000
Monthly Service Charge $9 (2) NA $9 (1) NA NA
Min Balance Requirement

(Min Daily / Avg Monthly)
$500 / NA Must make one deposit into your account each month (3) $2,500 / NA No additional deposits allowed before maturity $10,000
Additional Fee $0.50 per debit item in excess of 3 per month (4) Early withdrawal penalty may be imposed for withdrawals before term/maturity $20 per debit item in excess of 6 per month (4) Early withdrawal penalty may be imposed for withdrawals before term/maturity Unlimited deposits in minimum increments of $1,000 up to $240,000, and 3 penalty-free withdrawals before maturity without penalty (3)
Disclosure

(1) Charges will be assessed if minimum balance requirement is not met during a statement cycle.

(2) Charges will be assessed if minimum balance requirement is not met during a monthly cycle.

(3) Early withdrawal penalty may be imposed for withdrawals before term/maturity.

(4) Limited to 6 transactions per month. This includes checks, debit card transactions, transfers to another account, preauthorized 3rd party debits, and automatic/telephone/online transfer.

For complete account details, please refer to Commonwealth Business Bank's "Account Agreement and Disclosures" and "Truth in Savings Disclosure" or contact your local branch.