Business Savings Accounts

Savings Accounts

Regular Savings1

Money Market1

Premium Money Market1

Minimum Opening Deposit $10.00 $1,000.00 $50,000.00
Interest Computation Method Average Daily Balance2 Average Daily Balance2 Average Daily Balance2
Interest Compounded & Credited Quarterly Monthly Monthly
Statement Period Quarterly Monthly Monthly
Statement Delivery Options Free eStatements

OR

$1.50 paper statement delivery fee per statement cycle (waived for customers aged 62 or older)
Free eStatements

OR

$1.50 paper statement delivery fee per statement cycle (waived for customers aged 62 or older)

Statement includes imaged checks & deposits
Free eStatements

OR

$1.50 paper statement delivery fee per statement cycle (waived for customers aged 62 or older)

Statement includes imaged checks & deposits
Service Charges $3.00 quarterly fee if balance falls below $100.00 $10.95 monthly if balance falls below $1,000.00 $10.95 monthly if balance falls below $1,000.00
Other Fees $5.00 dormant account charge per quarter if balance is less than $500 and account has been inactive for 12 months

$2.95 excess withdrawal fee per withdrawal over 6 per quarter
$5.95 dormant charge per month if balance is less than $500.00 and account has been inactive for 12 months

$10.95 excessive withdrawal fee over 6 withdrawals per statement cycle
$5.95 dormant charge per month if balance is less than $500.00 and account has been inactive for 12 months

$10.95 excessive withdrawal fee over 6 withdrawals per statement cycle
Free Online, Telephone and Mobile Banking5 Yes Yes Yes
Additional Details Eligible for Change Up enrollment Tiered rate account

Allows check writing
Tiered rate account

Allows check writing



CDs

Certificates of Deposit

Minimum Opening Deposit $1,000.00
Terms Various terms ranging from three (3) months to sixty (60) months
Interest Computation Method Daily Balance4
Interest Calculation3 Simple
Interest Crediting Credited to your account or paid to you according to the terms of the CD
Statement Period N/A
Statement Delivery Options N/A
Early Withdrawal The annual percentage yield (APY) assumes interest remains on deposit until maturity. A withdrawal will reduce earnings. Withdrawals made before the maturity date may result in the following penalties:
Term
<12 months
12 months & greater
Penalty
6 months’ interest
12 months’ interest
Additional Details The interest rate on your account will be paid until maturity of your certificate.

No additional deposits may be made into your CD after it has been opened.

1The interest rate is a variable rate and we may change the interest rate on your account at any time.
2The Average Daily Balance method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.
3Interest calculation is either simple or compound. Simple interest is interest paid only on the original balance. Compound interest is interest paid on the original balance plus the accrued interest.
4The Daily Balance is determined by the application of a daily periodic rate to the principal in the account each day.
5Fees from your mobile or data carrier may apply.


Copyright 1998-2013. All rights reserved. Cumberland Security Bank, 107 South Main Street, Somerset, KY 42501 | 606-679-9361