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Savings & CDs & IRAs

High interest rates. Smart saving options. Next
Savings Installment Account 1 Money Market Time Certification of Deposit Account Flex Certification of Deposit Account
Ideal for Traditional interest earning savings account Making fixed monthly contributions for future use Savings account with limited checking account features Earning higher rate of return with a fixed rate for select terms 12 month CD account with flexible benefits
Minimum Opening Deposit $100 First monthly installment amount $500 $1,000 $10,000
Monthly Service Charge $9 (2) N/A $9 (1) N/A N/A
Min Balance Requirement

(Min Daily / Avg Monthly)
$500 / NA Must make one deposit into your account each month $2,500 / NA No additional deposits allowed before maturity $10,000
Additional Fee $0.50 per debit item in excess of 3 per month (3) Early withdrawal penalty may be imposed for withdrawals before term/maturity $20 per debit item in excess of 6 per month (3) 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 (4)
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) 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.

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

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


IRA

Traditional IRA 1 Roth IRA 1
Ideal for Saving for retirement making tax-deductible contributions if eligible Saving for retirement if you expect your tax rate to be the same as today or higher at retirement
Minimum Opening Deposit $100 $100
Monthly Service Charge NA NA
Min Balance Requirement

(Min Daily / Avg Monthly)
NA NA
Additional Fee Contributions may be tax-deductible and earn interest tax free until distributed (2) Contributions are not tax deductible and earn interest tax free. Distributions after the age of 59 1/2 may be tax free (2)
Disclosure

(1) Transfer or closing of Fee $20 per plan.

(2) Exceptions may apply. Please consult your tax advisor.

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