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You are here: CNB Home  / Personal Banking  / Personal Savings & Money Market Accounts

Personal Savings & Money Market Accounts

 

Description: Statement Savings Christmas Club Insured Money Market Account (IMMA)
Account Features
  • Withdraw funds at any time with no interest penalty
  • Premium interest rates are paid on balances of $10,000 and over
  • Quarterly statements
  • Monthly fee waived
    for accounts by minors, non-profit organizations, public funds as well as accounts tied to a checking account
  • Free TeleBanc available
  • Free Online Banking available
  • Earns interest
  • Deposits can be made in any amount
  • Deposits may be set up as automatic funds transfers
  • Withdraw funds at any time with no interest penalty
  • Pays Money Market rates on collected balance PLUS a premium on balances of $10,000 and over
  • Monthly statements
  • Free TeleBanc available
  • Free Online Banking available
Minimum Balance to avoid monthly fees $300 average monthly balance in the account every day N/A $1,000 daily balance
Fees $4 per month* N/A $9 per month* plus
$0.35 per withdrawal
Minimum Opening Balance $10 $1 $1,000

*Regulation D applies to savings and money market accounts. It restricts accounts to six (6) pre-authorized debits per month (including telephone and on-line banking). An excess fee of $10.00 will be charged for each debit in excess of the pre-authorized limit.

CONTACT US: 303 North Main Street • Cheboygan, MI 49721 • Tel.: (231) 627-7111         Telebanc Phone Number: (888) 627-1960