CHECKING

Central Bank has a wide range of checking accounts to meet your financial needs.

Contact one of our friendly staff members today, and give us an opportunity to provide you with the best customer service possible while helping you select the accounts that fit your lifestyle. Customer Service Representatives can provide you with full disclosure information on any financial product we offer.

 

Regular Checking

  • Unlimited check writing
  • $100.00 minimum deposit to open account
  • Maintain $600.00 minimum daily balance to avoid a $7.00 balance requirement fee
  • Checks can be purchased though Central Bank
  • Monthly imaged statement
  • Free MasterCard Debit Card (upon approval)
  • Free On-Line Banking with Bill Pay
  • Mobile Banking APP with mobile deposit capability

Select Checking

The Perfect Account for No Hassle Checking!

  • Unlimited check writing
  • $100.00 minimum deposit to open account
  • No minimum balance required
  • No monthly service charge
  • Check copy fee $1.00 per check
  • Discounted bank check ordered through Central Bank
  • Monthly imaged statement
  • Free MasterCard Debit Card (upon approval)
  • Free On-Line Banking with Bill Pay
  • Mobile Banking APP with mobile deposit capability

Classic Checking

Pays Like a CD…But Works Like Checking!

  • Earn Interest* on daily collected balance at current checking rate
  • Unlimited check writing
  • Maintain $1000.00 minimum daily balance to avoid $10.50 balance requirement fee
  • Monthly imaged statement
  • Free MasterCard Debit Card (upon approval)
  • Free On-Line Banking with Bill Pay
  • Mobile Banking APP with mobile deposit capability

Active Assets Account

  • Earn Interest* on daily collected balance at current checking rate
  • $1500.00 minimum deposit to open account
  • Maintain $1500.00 daily balance to avoid $9.00 balance requirement fee
  • Withdrawal Limitations: 6 withdrawals are permitted per statement cycle
  • Excessive withdrawal fee of $1.00 each after the first six per statement cycle
  • Monthly imaged statement
  • Free MasterCard Debit Card (upon approval)
  • Free On-Line Banking with Bill Pay
  • Mobile Banking APP with mobile deposit capability

Money Market Checking

  • Earn Interest* on daily collected balance at current checking rate
  • $10,000.00 minimum deposit to open account
  • Maintain $10,000.00 minimum daily balance to avoid $10.00 balance requirement fee
  • Withdrawal Limitations: 6 withdrawals are permitted per statement cycle
  • Excessive withdrawal fee of $10.00 each after the first six per statement cycle
  • Monthly imaged statement
  • Free MasterCard Debit Card (upon approval)
  • Free On-Line Banking with Bill Pay
  • Mobile Banking APP with mobile deposit capability

Star Money Market Checking

  • Earn Interest* on daily collected balance at current checking rate
  • $1,000.00 minimum deposit to open account
  • Maintain $1,000.00 minimum daily balance to avoid $10.00 balance requirement fee
  • Withdrawal Limitations: 6 withdrawals are permitted per statement cycle
  • Excessive withdrawal fee of $10.00 each after the first six per statement cycle
  • Monthly imaged statement. Email or On-Line banking statements is required
  • Free MasterCard Debit Card (upon approval)
  • Free On-Line Banking with Bill Pay
  • Mobile Banking APP with mobile deposit capability

High Yield Checking

  • Unlimited check writing
  • $100.00 minimum deposit to open account
  • Receive High Yield APY* on daily collected balance, compounded and credited monthly
  • Checks maybe purchased though Central Bank
  • Monthly imaged statement. Email or On-Line banking statements is required
  • Free MasterCard Debit Card (upon approval)
  • Free On-Line Banking with Bill Pay
  • Mobile Banking APP with mobile deposit capability

Requirements

  • Access your online banking a minimum of once per statement cycle. AND
  • Opt to receive your monthly statement as E-Statements. AND
  • Authorize Central Bank to communicate with you via email. AND
  • A minimum of 10 posted debit card transactions per statement cycle. AND
  • Have one of the following per statement cycle:
    1. Direct Deposit
    2. A minimum of one completed Bill Pay
    3. One reoccurring internal transfer
    4. One Automated Clearing House (ACH) transaction
    5. A loan payment either through the
    6. Automated Transfer System or through Central Bank Online Banking

If account requirements are NOT met for the statement cycle, you will earn a reduced rate for that cycle. You will continue to enjoy the other benefits of the account and resume making the High Yield APY* for the next statement cycle by meeting the requirements.

* Interest Bearing Accounts

  1. Your interest rate and annual percentage yield are subject to change. Interest is compounded and credited monthly on checking accounts. Interest is computed on the daily balance method which applies a daily periodic rate to the principal in the account each day.
  2. If the account balance falls below the minimum daily balance requirement to avoid service charge anytime during the statement cycle on Classic Checking, Super Now, and Active Assets Accounts, the interest rate and annual percentage yield will be reduced.
  3. Central Bank’s interest computation is the daily balance method. This method applies a periodic rate to the principal in the account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (checks).
  4. We may require not less than 7 days notice in writing before each withdrawal from an interest-bearing account other than a time deposit.

♦ See Customer Service Rep for current effective rates.

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