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Citizens First Bank > Products > Personal Banking > Checking & Savings > Savings
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 Savings |
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Checking | Savings
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A basic savings account that offers the flexibility for deposits and withdrawals.
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Minimum opening balance of $50.
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$3 monthly maintenance fee if account balance falls below $200 or combined deposit balances are less than $10,000 (fee is waived for persons over 62, or under 21).
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Pays interest on balances over $50.
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No charge for first 6 manual withdrawals each month; $1 per withdrawal over 6.
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Free Telephone and Internet banking.
Holiday Savings
A savings account designed to save money for a special purpose, such as the holidays, or simply a systematic savings plan.
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No opening deposit.
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No monthly fee or minimum balance.
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Auto-transfer from CF checking account required.
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Maximum $100 weekly transfer
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Withdrawals not allowed.
A flexible savings account designed to make saving easier – available to customers who are age 50 or better.
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Your choice —passbook or monthly statement.
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No monthly maintenance fee if combined with a Golden 50 Checking account.
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No minimum balance required.
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Unlimited monthly withdrawals.
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Free telephone and Internet Banking.
A flexible savings account that offers maximum interest and guaranteed rates for maximum results.
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Minimum opening balance of $10,000
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No monthly maintenance fee
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Tiered interest rates on balances over $10,000
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Investment account interest rates with traditional savings flexibility
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Free Premium Checking Account with combined balance of $10,000 or greater
A Money Market Account combines the liquidity of a savings account, limited check-writing privileges, and interest rates that rise along with your account balance.
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Minimum opening balance of $50.
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$7 monthly maintenance fee if account balance falls below $1,000, or combined deposit balances are less than $10,000.
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Pays tiered interest rates on balances above $1,000 (higher balances earn higher rates).
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Make up to 6 debit/electronic transfers per month, 3 of these can be checks to third parties.
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$10 fee for each third party check over 3.
A savings vehicle that earns a higher rate of interest for a set period of time.
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$500 minimum deposit for terms of 12 months to 60 months, $1,000 for 72 months, and $1,000 for CDs less than 12 months.
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Available terms of 7 days up to 72 months.
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Interest rate guaranteed for the term of the certificate.
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Available with compounding and non-compounding interest.
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Several ways to receive interest on non-compounding CDs.
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Penalty for early withdrawal.
Designed for customers age 50 or better who desire a higher rate of return than a statement savings account, and who do not need availability to the funds for at least 3 months at a time.
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$5,000 minimum to open.
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Terms from 3 to 72 months.
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Interest rate guaranteed for the term of the certificate.
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Available with compounding and non-compounding interest.
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Several ways to receive interest on non-compounding CDs.
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Penalty for early withdrawal.
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Your Golden 50 Checking account makes you eligible.
Designed for customers who are age 50 or better, this savings product combines higher interest rates with the option for medical withdrawal.*
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$5,000 minimum to open
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Terms from 12 to 72 months.
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Interest rate guaranteed for the term of the certificate.
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Available with compounding and non-compounding interest.
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Several ways to receive interest on non-compounding CDs.
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Penalty for early withdrawal.
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*One withdrawal per year without penalty with qualified medical receipts provided.
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Your Golden 50 Checking account makes you eligible.
A certificate of deposit for people saving for retirement.
Designed for customers age 59 1/2 or better, this IRA CD offers the opportunity to bump up your rate any time our IRA CD rates rise. Does not apply to IRA Specials.
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If our IRA CD rates go up, simply call us and tell us to bump your rate.
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Available exclusively to customers age 59 1/2 or better.
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$1,000 minimum to open.
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Terms from 3 to 72 months.
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Interest rate guaranteed for the term of the certificate.
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Choose either Roth or Traditional.
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| Value Savings |
| Minimum to obtain APY | Rate | APY* | Compounded |
| $50 + | .25% | .25% | Quarterly |
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*Annual Percentage Yield. Rates are as of 12/30/08 and are subject to change. Fees could reduce earnings on the account and the rate may change after account opening.
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| Premium Choice Savings |
| Minimum to obtain APY | Rate | APY* | Compounded |
| $10,000 - $24,999 | 1.65% | 1.66% | Monthly |
| $25,000 - $49,999 | 1.85% | 1.87% | Monthly |
| $50,000 - $99,999 | 2.07% | 2.09% | Monthly |
| $100,000 - $249,999 | 2.22% | 2.24% | Monthly |
| $250,000 + | 2.25% | 2.27% | Monthly |
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*Annual Percentage Yield. Rates are as of 01/06/09 and are subject to change. Fees could reduce earnings on the account and the rate may change after account opening.
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| Money Market |
| Minimum to obtain APY | Rate | APY* | Compounded |
| $1,000 - $ $9,999.99 | .61% | .61% | Monthly |
| $10,000 - $24,999 | 1.43% | 1.44% | Monthly |
| $25,000 - $49,999 | 1.68% | 1.69% | Monthly |
| $50,000 - $99,999 | 2.06% | 2.08% | Monthly |
| $100,000 - $249,999 | 2.16% | 2.18% | Monthly |
| $250,000 + | 2.18% | 2.20% | Monthly |
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*Annual Percentage Yield. Rates are as 01/06/09 and are subject to change. Fees could reduce earnings on the account and the rate may change after account opening.
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| Certificates of Deposit |
| Type | Minimum to open | Rate | APY* | Compounded |
| 7-31 Day | $1,000 | 1.07% | 1.08% | Maturity |
| 3 Month | $1,000 | 1.04% | 1.04% | Maturity |
| 6 Month | $1,000 | 1.59% | 1.60% | Maturity |
| 9 Month | $1,000 | 1.63% | 1.64% | Maturity |
| 12 Month | $500 | 1.77% | 1.78% | Quarterly |
| 18 Month | $500 | 1.93% | 1.94% | Quarterly |
| 24 Month | $500 | 2.03% | 2.05% | Quarterly |
| 36 Month | $500 | 2.23% | 2.25% | Quarterly |
| 48 Month | $500 | 2.33% | 2.35% | Quarterly |
| 60 Month | $500 | 2.78% | 2.81% | Quarterly |
| 72 Month | $1,000 | 2.81% | 2.84% | Quarterly |
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*Annual Percentage Yield. Rates are as of 01/06/09 and are subject to change. Penalty may be imposed for early withdrawal.
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| Golden 50 CDs |
| Type | Minimum to open | Rate | APY* | Compounded |
| 3 Month | $5,000 | 1.09% | 1.09% | Maturity |
| 6 Month | $5,000 | 1.64% | 1.65% | Maturity |
| 9 Month | $5,000 | 1.68% | 1.68% | Maturity |
| 12 Month | $5,000 | 1.82% | 1.83% | Quarterly |
| 18 Month | $5,000 | 1.98% | 1.99% | Quarterly |
| 24 Month | $5,000 | 2.08% | 2.10% | Quarterly |
| 36 Month | $5,000 | 2.28% | 2.30% | Quarterly |
| 48 Month | $5,000 | 2.38% | 2.40% | Quarterly |
| 60 Month | $5,000 | 2.83% | 2.86% | Quarterly |
| 72 Month | $5,000 | 2.86% | 2.89% | Quarterly |
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*Annual Percentage Yield. Rates are as of 01/06/09 and are subject to change. Penalty may be imposed for early withdrawal.
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| IRAs |
| Type | Minimum to open | Rate | APY* | Compounded |
| 3 Month | $1,000 | 1.04% | 1.04% | Maturity |
| 6 Month | $1,000 | 1.59% | 1.60% | Maturity |
| 12 Month | None | 1.77% | 1.78% | Quarterly |
| 18 Month | None | 1.93% | 1.94% | Quarterly |
| 24 Month | None | 2.03% | 2.05% | Quarterly |
| 36 Month | None | 2.23% | 2.25% | Quarterly |
| 48 Month | None | 2.33% | 2.35% | Quarterly |
| 60 Month | None | 2.81% | 2.78% | Quarterly |
| 72 Month | None | 2.81% | 2.84% | Quarterly |
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*Annual Percentage Yield. Rates are as of 01/06/09 and are subject to change. Penalty may be imposed for early withdrawal.
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| Customer Special |
| Type | Minimum to open | Rate | APY* | Compounded |
| 7 Month | $2,500 | 3.52% | 3.57% | Maturity |
| 20 Month | $1,000 | 2.38% | 2.40% | Quarterly |
| 30 Month | $1,000 | 4.49% | 4.57% | Quarterly |
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*Annual Percentage Yield. Rates are as of 01/06/09 and are subject to change. Penalty may be imposed for early withdrawal.
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