| Minor Savings | Holiday Club | Time Certificates of Deposit (TCD) | More Personal Savings Options | |
|---|---|---|---|---|
| Description: | For customers under age 18 Earn Interest on any balance |
Designed to help customers get a head start on holiday shopping (Automatic deductions are made monthly or bi-weekly from your checking account from January - December) | Standard TCD offers fixed terms and rates from 90 days to 5 years Jumbo TCD offers fixed terms and rates from 30 days to 5 years |
Regular Savings
Designed for customers who need flexible access to account funds with minimal service charges |
| Opening Balance: | $25 | $25 (minimum monthly deduction) |
Standard: $2,000 Jumbo: $100,000 |
Standard & Premium Money Market Accounts
For customers who want to earn a higher interest rate while still having immediate access to investment dollars |
| Minimum Balance To Avoid Service Charge: |
None | None | None | Personal Health Savings Accounts
A checking account for individuals with high-deductible health insurance policies can fund and use to pay for medical expenses. |
| Monthly Service Charge: (If minimum balance not maintained) |
None | None | None | |
| Interest: | If account is closed prior to interest payment period, you will not receive the accrued interest Interest accrues at current market rate Interest is compounded daily and credited to the account quarterly |
If account is closed prior to maturity, you will not receive the accrued interest Interest accrues daily and is paid annually in November |
Interest rates vary according to length of account term Interest can be added to principal, quarterly, annually or at maturity |
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| Transaction Limits: | Transfers from a Minor Trustee Savings account to another account or to third parties by preauthorized, automatic, telephone, computer transfer, debit card or similar order are limited to six each four week period (statement cycle) An excess debit fee of $2.00 will be charged for each debit transaction (withdrawal, automatic transfer or payment out of this account) in excess of three each four week period (statement cycle) |
In November the funds accumulated to date are automatically depsoited into your designated checking or savings account
Withdrawals are not allowed Automatic deductions are ongoing January - December |
Early withdrawal penalties apply.* Ask for details. |
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| Benefits: | Flexible access to account funds
eStatements |
Allows you to automatically save each month for holiday shopping or for a specified purpose eStatements |
Offers a fixed rate of interest on funds deposited Automatically renewable for a like period, at the current market rates in effect at the time of renewal. |
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*Substantial penalties may apply for early withdrawals of funds from a time deposit. **You should consult your Tax Advisor regarding the tax benefits of contributing to a Health Savings Account. Please Note: This information is accurate as of January 2012. Central Valley Community Bank reserves the right to make changes at any time as a result of a change of policy, law, and regulation or otherwise.
Learn about other Central Valley Community Bank accounts
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| Personal Online Banking Access your accounts 24/7  Learn More |
Identity Theft Learn how to protect yourself from becoming a victim Learn More |
CDARS® Up to $50 Million in FDIC Insurance Learn More |
