The Money Savers Club – Kids’ Savings Program

Community First Bank would like to help children establish a good financial beginning from which to tackle the demands of managing money when they grow up.   Our aim for The Money Savers Club is to encourage all kids, no matter the age, to save for the important things in life.   Regular deposits, no matter how large or small, into a savings account soon add up to meaningful amounts.   With interest, children will learn the value of saving money.

• Regular Savings Account That Earns A Variable Interest Rate
• No Service Fee Accounts For Children Under the Age of 18
• A Small Reward Given To All Participants Making 5 Qualifying Deposits
• Qualifying Deposit Equals $5 or more
• Quarterly Newsletters
• Contests and Games
• A Fun Way to Save Money
• As The Club Grows, New Features Will Be Added

Who is Sprout?   Sprout is a whimsical cartoon tree featured on all Money Savers Club correspondence.   Sprout offers information and tips for educating club members on smart money lessons.  Community First Bank and Sprout have formed a team to recognize that children are valuable customers, too!   Look for Sprout on all Money Savers Club letters and brochures.  

Watch Your Money “Sprout and Grow!” With Community First Bank, N.A. and The Money Savers Club!

Personal Deposit Accounts – Savings

Do you have a little “nest egg?”   From the very young to our valued senior citizens, Community First Bank, N.A. has a savings account that will earn interest.   The more you save, the more interest you earn!   These accounts are a great place to put a few extra dollars from each paycheck, money received from special occasions, or the spare change collecting around the house.   Our “club” accounts can help ease the pain of Christmas shopping or allow you to save for that dream vacation.   See which accounts may be for you, and before you know it, you soon will be building your own little nest egg.  

Savings –

•   $50 Minimum Opening Deposit
• $2.00 Monthly Maintenance Fee (Waived with $250.00 Minimum Daily Balance)
• $1 Maintenance Fee for Each Debit Transaction in Excess of 6 During a Calendar Month
• No Monthly Maintenance Fee for Accounts Held by Children Under 18 Years of Age
• Interest Compounded and Credited to Account Quarterly
• Interest Rate May Be Changed on Account At Any Time
• Quarterly Statements Mailed Unless There Has Been Electronic Funds Transfers – Then Statements Mailed Monthly
• Free Online Banking/Bill Pay
• Free Emailed Statements Upon Request
• ATM/Debit Card Available to Qualified Customers - $7 Annual Fee

Super Savings –

•   $5000 Minimum Opening Deposit
• $10 Monthly Maintenance Fee (Waived with $5000 Minimum Daily Balance)
• $1 Maintenance Fee for Each Debit Transaction in Excess of 6 During a Calendar Month
• Tiered Interest Rate Compounded and Credited to Account Quarterly
• 1.       Tier 1 – Balance of $20,000 and Over
• 2.       Tier 2 – Balance of $5,000 to $19,999.99
• 3.       Tier 3 – Balance of $4999.99 or Less
• Interest Rate May Be Changed on Account At Any Time
• Quarterly Statements Mailed Unless There Has Been Electronic Funds Transfers – Then Statements Mailed Monthly
• Free Online Banking/Bill Pay
• Free Emailed Statements Upon Request
• ATM/Debit Card Available to Qualified Customers - $7 Annual Fee

Christmas Club –

• Variable Rate of Interest
• $10 Minimum Balance to Open Account
• No Monthly Service Charge
• Unlimited Deposits
• No Withdrawals Allowed
• Check Issued on Last Business Day of October Every Year For Amount of Deposits Plus Interest

Vacation Club –

• Variable Rate of Interest
• $10 Minimum Balance to Open Account
• No Monthly Service Charge
• Unlimited Deposits
• No Withdrawals Allowed
• Check Issued on Last Business Day of April Every Year For Amount of Deposits Plus Interest

Individual Retirement Accounts –

• Traditional, Roth, and Educational IRAs
• Terms Same As Certificates of Deposits, 12 Months and Over
• Rates Determined At Time of Opening
• Unlimited Number and Amount of Deposits Up to the Federal Limit