Personal Savings
Regular Savings Account
A regular savings account at Community National Bank & Trust is a straightforward path to long-term financial success. Take advantage of low fees, competitive interest rates, and an affordable opening deposit as you work toward short- or long-term goals. You can also waive the monthly fee by maintaining an average daily balance of at least $25 per quarterly cycle.
- Save for something specific or just a rainy day
- Enjoy 6 free withdrawals per cycle
- 30 free non-CNB&T item deposits
Platinum Savings
Take your savings to the next level with a platinum savings account. Start with a low minimum deposit and earn increasingly competitive rates as your balance grows, with the potential for a higher annual percentage yield (APY) on larger balances. It's a smart way to maximize your savings and build toward the financial position you're aiming for.
- Earn higher rates than with a regular savings account
- Higher balances earn higher rates
- Interest paid quarterly
Young Investors Club Savings
You can turn your child's spare change into meaningful long-term savings with a Young Investors Club savings account. Designed to teach healthy financial habits early, these accounts feature strong interest rates and fun contests and promotions to keep young savers engaged. At the upfront cost of just a $5 allowance, you can watch your child's money grow right alongside them.
- Exclusive savings account for kids
- Set savings goals, participate in fun events, and promotions
- Low opening deposit with competitive interest rates
Certificates of Deposit (CDs)
For a reliable return on your funds, a certificate of deposit (CD) is a smart choice. Lock in a fixed, guaranteed yield with no setup or maintenance fees and a wide range of terms to fit your timeline. CDs offer the low-risk, high-reward stability you can count on.
- Plan for the future today
- Earn high interest
- Fixed rate options available
Individual Retirement Accounts (IRAs)
Prepare for your retirement years by opening an Individual Retirement Account (IRA) at Community National Bank & Trust. Our IRAs feature flexible terms built to your specific needs and retirement goals, with competitive interest rates that exceed standard savings rates. Both traditional and Roth IRA options are available.
- Easily invest in your future
- Traditional and Roth IRA options available
- Flexible terms to meet your needs
FAQs
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Q1. What savings options does Community National Bank & Trust offer?
A. We offer five core personal savings products: Regular Savings for general saving, Platinum Savings for higher balances, Young Investors Club Savings for children, Certificates of Deposit (CDs) for fixed-term, fixed-rate savings, and Individual Retirement Accounts (IRAs) for retirement planning.
Q2. What’s the difference between a savings account and a CD?
A. A savings account gives you flexible access to your money. You can deposit or withdraw any time, but the interest rate is typically variable and lower. A CD locks your money in for a fixed term (anywhere from a few months to several years) at a higher fixed rate. If you don’t need the cash immediately and want a guaranteed return, a CD usually earns more. If you need flexibility, a savings account is the better fit.
Q3. How much do I need to open a savings account?
A. Opening deposit requirements are modest. Regular Savings can be opened with a small initial deposit, and the Young Investors Club Savings account is designed to be accessible for first-time savers. Platinum Savings and CDs have higher minimums to qualify for their better rates. Specific opening amounts are listed on each product page.
Q4. Can I open a savings account for my child?
A. Yes. Our Young Investors Club Savings account is built specifically for kids and teens, with no monthly fee and educational tools to help young savers learn how money works. A parent or guardian can open the account and monitor growth over time.
Q5. What’s an IRA, and which type should I open?
A. An Individual Retirement Account (IRA) is a tax-advantaged account for retirement savings. The two main types are Traditional (contributions may be tax-deductible now; you pay taxes when you withdraw in retirement) and Roth (contributions are made with after-tax dollars; qualified withdrawals in retirement are tax-free). Which is better depends on your current tax bracket vs. your expected bracket in retirement. Our bankers can walk you through the options.
Q6. Are my savings safe at Community National Bank & Trust?
A. Yes. Deposits at Community National Bank & Trust are insured by the FDIC up to the standard maximum of $250,000 per depositor, per ownership category. That includes balances in checking, savings, CDs, money market accounts, and most IRAs.
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