Savings Accounts/IRAs/CDs

From traditional savings accounts to certificates of deposit (CDs) and individual retirement accounts (IRAs), CenterBank is committed to ensuring our competitive interest rates and we will never nickel and dime you with excessive fees or maintenance charges.

Savings Account

• Minimum deposit to open is $100 (waived for minors).

• No monthly maintenance charge if daily collected balance of $250 is maintained for the quarter. If below, a $5 quarterly service charge will be assessed.

• Pays interest quarterly based on a tiered rate structure using the daily collected balance. To obtain current rates, visit our rates page at  http://www.centerbankjax.com/site/rates.html.

• Includes a quarterly image statement.

• You may make six transfers or withdrawals from your account each quarter at no charge. For each additional withdrawal or transfer a $2 excessive withdrawal fee will apply. (Waived for minors.)

• Due to the regulatory limit on transactions, CenterBank Checkcard or ATM card will be limited to ATM withdrawals only.

• Fees may reduce earnings on account.

Click here to view a PDF version of disclosure for Savings Account

Please note that you must have Adobe Acrobat Reader to view this disclosure. If you do not have Adobe Acrobat Reader and would like to download a copy, please click on the link below.

Fixed Rate Certificates of Deposit
Traditional CDs available in a range of flexible maturities from 91 days to 60 months.

• Certificates are issued in amounts of $500 or more.

• Flexible maturities are available ranging from 91 days to 60 months.

• Rates are tiered based on your initial opening balance. To obtain current rates, visit our rates page at http://www.centerbankjax.com/site/rates.html.

• Rates are reviewed weekly and adjusted in response to market conditions. When market rates change, CenterBank rates change.

• Deposit rate based on amount of deposit and fixed until maturity.

• Interest is compounded monthly and paid monthly. Interest may be deposited directly to your CenterBank account, added to the principal of the CD or paid by check.

• For information about FDIC's general deposit insurance rules go to http://www.fdic.gov/

• Interest-earning grace period at maturity.

• For your convenience, all CenterBank CDs are automatically renewable.

• A penalty may be assessed for early withdrawal.

Individual Retirement Accounts

• Traditional and ROTH IRAs are available.

• Depending on the option you choose, a CenterBank IRA will provide either tax-deferred or tax-free savings at competitive rates.

• Terms, rates and maturities are the same as Fixed Rate Certificates of Deposit.

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