Savings & CDs

Savings Account

This account is your basic savings account. It makes a great pairing with your checking account, and is ideal if you want to save for a rainy day, vacations, or other major purchases. 

  • Earn interest 
  • No quarterly service fee if balance doesn't fall below $100 
  • Low $1 quarterly service fee if balance does fall below $100 
  • Free online banking 
  • Free eStatements 
  • Low $100 minimum deposit to open 

 

Kid's Savings

This is an account to begin teaching those under 20 how to manage their finances. Learn to save with all the benefits of our regular savings account, and no service fees. 

  • Earn interest 
  • Free online banking 
  • Free eStatements 
  • Low $5 minimum deposit to open Bee a Saver (Birth – 18 years) 
  • Account changes to a regular savings account at age 19.

 

Christmas Club

Let the stress-free, debt-free holiday shopping begin! Save a little bit each week, all year long, then, look forward to October when your savings plus interest is disbursed. Christmas shopping is fun again!

  • Earn interest on balances over $0.50 
  • Free online banking 
  • Free eStatements 
  • Only $0.50 minimum deposit to open 

 

Annuities

An annuity is a great tool that can be used as part of a retirement strategy.  Simply put, annuities are insurance products allowing you to put aside money, have it increase each year without paying taxes, and then trigger a stream of payments on a timeline you can control.  The payments are taxed as ordinary income.  Unlike IRAs, there is no income limitation in how much money you can contribute.  Other benefits of an annuity from Connection Bank include:
  • Higher rates than traditional CDs and IRAs
  • No taxation on annual interest
  • No service charges or fees
  • Accessible beginning at age 59.5

ANNUITIES ARE NOT FDIC INSURED - NOT A DEPOSIT - NOT GUARANTEED BY THE BANK - NOT INSURED BY ANY GOVERNMENT AGENCY - MAY LOSE VALUE


Certificates of Deposit (CDs)

Investing in CDs is always a safe bet. They generally enjoy a higher interest rate than our regular savings account, and like all our deposit accounts, enjoy the benefit of FDIC Insurance. You get a guaranteed rate of return on your investment, while eliminating the risk. 

  • Earn interest 
  • Higher interest rates than regular savings 
  • Guaranteed fixed rate of return 
  • Choose the term to suite your needs, from 7 days to 5 years 
  • $1,000 minimum deposit to open ($2,500 on terms from 7-89 days) 
  • Early withdrawal penalties apply 

Compare our Current Rates

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