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. How do CDs work and are they worth it?
A. A Certificate of Deposit (CD) is a savings product that locks in a fixed interest rate for a set term, typically anywhere from a few months to several years. You agree not to touch the money for that term, and in exchange you earn a higher rate than a regular savings account. For money you don’t need to touch in the short term, CDs can be very worthwhile: your rate is guaranteed even if rates drop, and your principal is FDIC-insured up to applicable limits.
Q2. What CD terms does Community National Bank & Trust offer?
A. We offer CDs with a range of terms to fit different timelines, from short-term options for goals less than a year out to longer terms for multi-year savings plans. Current available terms and rates are posted on this page and on our Product Rates page.
Q3. What’s the minimum to open a CD?
A. CDs have a higher opening deposit than a basic savings account because the rate is locked in. Current minimum opening deposits are listed alongside the rate for each available term. Talk to a banker at any of our banking centers if you want to discuss the right CD for your goal.
Q4. What happens if I need my money before the CD matures?
A. You can withdraw early, but an early withdrawal penalty will reduce your interest earnings. The size of the penalty depends on the term of the CD. Because of this, CDs work best for money you have a clear timeline for, like a down payment in 2 years or a planned purchase in 5.
Q5. What happens when my CD matures?
A. When your CD reaches the end of its term, you typically have a short grace period to decide what to do. You may withdraw the funds, move them to a different account, or roll them into a new CD at the current rate. We’ll send you a notice before maturity so you don’t miss the window.
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