Account Details
- Minimum to Open - $25
- Monthly Service Fee - $0
- Minimum Monthly Balance to Avoid Monthly Service Fee - $0.01 daily ledger balance
- Interest Bearing - Yes
Teaching smart saving, one deposit at a time.
Minor Savings Fees & Disclosures
Rate Information: This Account is an interest-bearing account. The interest rate and annual percentage yield (APY) is subject to change at our discretion no more than weekly. Interest begins to accrue on the business day of your deposit. Interest will be compounded and credited to the account quarterly. If the account is closed before interest is credited, you will not receive the accrued interest. For the most current interest rate and annual percentage yield (APY), please contact your local branch.
Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. You must maintain a minimum balance of $0.01 in the account each day to obtain the disclosed annual percentage yield.
Fees on these accounts could reduce earnings.
Limitations: You must deposit $25.00 to open this account.
Frequently Asked Questions
How do I open an account?
Accounts can be opened in-person at any of our seven branch locations.
What information is needed to open an account?
When opening a savings account, you will need:
- Two forms of ID (one photo ID)
- Proof of address (if current address is different from that shown on ID)
- Check, money order, or cash for initial deposit
Who is required to be on a Minor Savings Account?
For the Minor Savings Account, there needs to be an adult signer as well as the minor who is on the account.
Are my deposits covered by FDIC Insurance?
All depositor’s accounts at an insured depository institution such as CSB, including all noninterest-bearing transaction accounts, are insured by the FDIC up to the standard maximum deposit insurance amount ($250,000) for each deposit insurance ownership category. For more information about FDIC insurance coverage, visit FDIC.gov.