Personal Savings

Cedar Valley Bank and Trust offers the personal savings account with interest compounded quarterly and low minimum balance requirements, providing you with the best opportunity for accruing interest in a simple and straight-forward fashion.  To learn about the latest interest rates, contact one of our locations.

Personal Savings details:

• $50.00 minimum opening deposit
• $50.00 minimum to avoid a $3.00 Quarterly base charge (plus tax)
• $100.00 minimum balance to earn interest at the stated annual percentage yield
• Quarterly statements (month ending March, June, September and December)
• Interest compounded quarterly on an average daily balance method.  This method applies a periodic rate to the average daily balance in the account for the period.  The average daily balance is calculated by adding the principle in the account for each day of the period and dividing that figure by the number of days in the period.
• Interest will be credited to your account on a quarterly basis. (Quarter ending March, June, September and December)
• Interest begins to accrue on the business day you deposit noncash items (for example, checks)
• At our discretion we may change the interest rate on your account daily.
• Limitations for this account: During any calendar month or statement cycle of at least four weeks, you may not make more than six withdrawals or transfers to another account or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction.
• Free Telebanking, Internet Banking and E-Statement Services
• Click to view other Fees and Services