 We’re here to help you with your short- and long-term savings goals
Building a savings fund for any reason takes personal discipline and the right account to help you achieve your goals. Charlotte State Bank has the savings accounts to help you along the way including:
For higher balance savings that earn a higher rate of interest.
- Tiered interest, the more you have on deposit, the higher your return
- Interest compounded daily and credited monthly
- $2,500 Minimum opening balance
- $2,500 Minimum daily balance required to avoid monthly service fee
- Monthly service fee: $10
- Regulatory withdrawal limitations: If your account is a savings or money market deposit accounts (MMDA), federal law requires that an accountholder may make no more than six transfers and/or withdrawals during any one (1) calendar month or statement cycle (the period from one statement to the next) or similar period of at least four weeks, to another of your accounts with us or to a third party by means of a preauthorized or automatic transfer, or telephonic (including data transmission) agreement, order or instruction, or by check, draft, debit card, or similar order made by you and payable to third parties. Transfers and withdrawals made in person, by messenger or at an ATM are unlimited.
- Regulatory withdrawal service fee: $7 is charged for each item over the regulatory limit
- Monthly statements provided
For current tier levels and interest rates, please contact Customer Service.
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A great account to accumulate funds for purchases or for wealth accumulation.
- $200 Minimum opening balance
- $200 Minimum daily balance to avoid monthly service fee
- Monthly service fee: $3
- Interest compounded daily and credited monthly
- Two FREE withdrawals per statement cycle. $1 for each additional withdrawal
- Regulatory withdrawal limitations: If your account is a savings or money market deposit accounts (MMDA), federal law requires that an accountholder may make no more than six transfers and/or withdrawals during any one (1) calendar month or statement cycle (the period from one statement to the next) or similar period of at least four weeks, to another of your accounts with us or to a third party by means of a preauthorized or automatic transfer, or telephonic (including data transmission) agreement, order or instruction, or by check, draft, debit card, or similar order made by you and payable to third parties. Transfers and withdrawals made in person, by messenger or at an ATM are unlimited.
- $2 service fee for each item over the regulatory limit
- Monthly statement provided if you use an ATM or have electronic transfers or a combined statement. Otherwise, a quarterly statement
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A great account to accumulate funds for purchases or for wealth accumulation.
- $200 Minimum opening balance
- $200 Minimum daily balance to avoid monthly service fee
- Monthly service fee: $3
- Tiered interest, the more you have on deposit, the higher your return
- Interest compounded daily and credited monthly
- Two FREE withdrawals per statement cycle. $1 for each additional withdrawal
- Regulatory withdrawal limitations: If your account is a savings or money market deposit accounts (MMDA), federal law requires that an accountholder may make no more than six transfers and/or withdrawals during any one (1) calendar month or statement cycle (the period from one statement to the next) or similar period of at least four weeks, to another of your accounts with us or to a third party by means of a preauthorized or automatic transfer, or telephonic (including data transmission) agreement, order or instruction, or by check, draft, debit card, or similar order made by you and payable to third parties. Transfers and withdrawals made in person, by messenger or at an ATM are unlimited.
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- Regulatory withdrawal service fee: $2 service fee for each item over the regulatory limit
- Monthly statement provided if you use an ATM or have electronic transfers or a combined statement. Otherwise, a quarterly statement
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Teach your children to save with a Minor's Savings Account
- Free if parents, guardian or grandparents bank with Charlotte State Bank
- $1 Minimum opening balance
- No minimum daily balance requirement
- No monthly service fee
- Interested compounded daily and credited monthly
- Two FREE withdrawals per statement cycle. $1 for each additional withdrawal
- Regulatory withdrawal limitations: If your account is a savings or money market deposit accounts (MMDA), federal law requires that an accountholder may make no more than six transfers and/or withdrawals during any one (1) calendar month or statement cycle (the period from one statement to the next) or similar period of at least four weeks, to another of your accounts with us or to a third party by means of a preauthorized or automatic transfer, or telephonic (including data transmission) agreement, order or instruction, or by check, draft, debit card, or similar order made by you and payable to third parties. Transfers and withdrawals made in person, by messenger or at an ATM are unlimited.
- Regulatory withdrawal service fee: $2 service fee for each item over the regulatory limit
- Monthly statement provided if you use an ATM or have electronic transfers or a combined statement. Otherwise, a quarterly statement
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Term accounts with stated interest rates to stabilize your interest income.
- $1,000 Minimum opening deposit
- Interest earned daily and credited at maturity
- Monthly interest checks available with CDs over $25,000
- Maturities from three months to seven years
For current rates, please call the office most convenient to you or e-mail us at customerservice@charlottestatebank.com
Early time deposit contract termination penalties and/or administrative fees apply to Certificates of Deposit. The bank reserves the right to enforce the full term of any time deposit contract. If early contract termination is agreed to by the bank, the penalties and/or administrative fees would be applied as disclosed within the pertinent documents at date of issue.
This is not a complete disclosure for Truth in Savings. For complete information on each account, please contact a Personal Banker at one of our five convenient offices.
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