Our Drive-Thru will be open on Tuesday, December 24th, from 8 AM to 12 PM. CBK will be closed on Wednesday, December 25th.

Don’t forget, our Digital Banking services and ATMs are always available for your convenience. Wishing you a safe and joyful holiday season!

Savings & CDs

Start Saving at CBK

Traditional savings accounts, money market accounts, certificates of deposit — we have the right savings option for you!

Personal Savings Comparison

Comparison table of personal savings accounts
  Regular Savings Account Youth Savings Account Money Market Tiered Account
Description For customers 18 years of age and older A savings account for children and teens The benefits of a traditional savings account with the flexibility of a checking account
Minimum Deposit to Open $50 $25 $500
Interest Variable rate; accrues on daily collected balance and is paid quarterly Variable rate; accrues on daily collected balance and is paid quarterly Variable rate with tiered interest rates (higher balance = higher interest rate); interest paid on daily collected balances of $500 and greater
Withdrawals 3 withdrawals permitted in interest-paying period; $2 per debit charged on excess withdrawals 3 withdrawals permitted in interest-paying period; $2 per debit charged on excess withdrawals 6 withdrawals permitted in interest-paying period; $5 per debit charge on excess withdrawals
How to Open an Account Apply Online Apply in Person Apply Online

 

Certificates of Deposit

Our certificates of deposit (CDs) offer guaranteed yields, flexibility, and the safety of FDIC insurance. Not sure what term of CD works best for you? Let our retail banking specialists help you decide

Note: All CDs have a penalty for early withdrawal.

Health Savings Accounts

We also offer health savings accounts (HSAs). Ask for details at your local branch!

Individual Retirement Accounts

Plan for your future with a traditional or Roth IRA

  • Favorable tax benefits
  • A variety of terms and rates available
  • Substantial penalty applies to early withdrawals, equal to 90 days interest for term of 12 months or less or 180 days interest for CDs greater than 12 months
  • IRA transfer charge of $30 applies to IRAs transferred from CBK

CD Rates

Comparison table of CD Rates
Term Minimum Balance Interest Rate APY*
91 Day $500 1.00% 1.00%
180 Day $500 2.00% 2.02%
7 Month $5,000 4.43% 4.50%
12 Month $500 2.50% 2.52%
18 Month $500 3.21% 3.25%
24 Month - One Time Bump $500 0.40% 0.40%
30 Month $500 0.40% 0.40%
48 Month $500 0.45% 0.45%
60 Month $5,000 0.75% 0.75%

Money Market Rates (Tiered)

Comparison table of Money Market Rates (Tiered)
Balance Minimum Balance Interest Rate APY*
$500.00 – $24,999.99 $500 0.07% 0.07%
$25,000.00 – $74,999.99 $25,000 0.20% 0.20%
$75,000.00 – $99,999.99 $75,000 0.20% 0.20%
$100,000.00 – $249,999.99 $100,000 0.25% 0.25%
$250,000.00–$499,999.99 $250,000 0.30% 0.30%
$500,000.00–$999,999.99 $500,000 0.35% 0.35%
$1,000,000.00 and over $1,000,000 0.55% 0.55%

Savings Rates

Comparison table of Savings Rates
Account Type Minimum Balance Interest Rate APY*
Regular Savings $50 0.10% 0.10%

Savings Calculator

My CBK Story

Banking isn't a money business... it's a people business. OUR HISTORY

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