Concordia Bank & Trust Co.
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Concordia Bank & Trust Co.
Concordia Bank & Trust Co.
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Concordia Bank & Trust Co.
Concordia Bank & Trust Co.

Personal Savings Accounts

Blue Chip Savings

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Variable Interest Rate Information

See the rate sheet for the interest rate and annual percentage yield on your account. Your interest rate and annual percentage yield may change. We use the market to determine interest rates. At our discretion, we may change the interest rate on your account. We may change the interest rate on your account at any time.

Compounding and Crediting

Interest will be compounded quarterly. Interest will be credited to your account quarterly. If you close your account before interest is credited, you will not receive the accrued interest.

Minimum Balance Requirements

Minimum Opening Deposit $100.00

Minimum Ledger Balance to avoid Quarterly Service Charge $300.00

Balance Computation Method

We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Accrual on Non-Cash Deposits

Interest begins to accrue on the business day you deposit non-cash items (for example, checks).

Transaction Limitations

Transfers from your savings account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six (6) per month with no transfers by check, draft or similar written order to third parties.

Fees and Charges

Quarterly Service Charge $9.00
If at any time during the quarter the Ledger Balance falls below $300.00

Excess withdrawal / transfer charge $3.00
For each withdrawal / transfer over 3 per quarter

See Schedule of Fees for other charges that may be incurred.

Additional Disclosure Information

The Service Charge will not be assessed if the account holder is 18 years of age or under, a full-time student up to 25 years of age, or a senior citizen (people 62 and over).

Statement Period:
Without Electronic Transfers (e.g., ATM, Online Banking, Direct Deposit) – You will get a quarterly statement.

With Electronic Transfers (e.g., ATM, Online Banking, Direct Deposit) – You will get a monthly account statement unless there are no transfers in a particular month. In any case, you will get a statement at least quarterly.

On the initial deposit to open account: 10 day hold on funds before withdrawal.

We reserve the right to require at least seven days written notice before any withdrawal or transfer from this account.


Christmas Club

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Variable Interest Rate Information

See the rate sheet for the interest rate and annual percentage yield on your account. Your interest rate and annual percentage yield may change. We use the market to determine interest rates. At our discretion, we may change the interest rate on your account. We may change the interest rate on your account at any time.

Compounding and Crediting

Interest will not compound on this account. Interest will be credited to your account annually. If you close your account before interest is credited, you will not receive the accrued interest.

Minimum Balance Requirements

Minimum Opening Deposit $1.00

Balance Computation Method

We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Accrual on Non-Cash Deposits

Interest begins to accrue on the business day you deposit non-cash items (for example, checks).

Fees & Charges

Early Closing Fee $5.00

Additional Disclosure Information

Regular electronic deposits into this account are required. Additional deposits may be made electronically or in person.

The depositor must maintain an active checking or savings account with the bank.

Partial withdrawals are not allowed.

The account balance plus interest is deposited by automatic funds transfer to the designated deposit account by the end of October each year.

Statement Period – No statement sent

We reserve the right to require at least seven days written notice before any withdrawal or transfer from this account.


Money Market Account

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ACCOUNT BENEFITS

Unlimited Deposits – No charge
Free Online Banking*
Free Mobile Banking*
Free Mobile Deposit*
Free E-Statement (with Online Banking)*
Free Express Phone Banking*

Variable Interest Rate Information

The interest rate and annual percentage yield for your account depend on the applicable tier.

See the rate sheet for the interest rate and annual percentage yield on your account. Your interest rate and annual percentage yield may change. We use the market to determine interest rates. At our discretion, we may change the interest rate on your account. We may change the interest rate on your account at any time.

COMPOUNDING AND CREDITING

Interest will be compounded monthly. Interest will be credit to your account monthly.

If you close your account before interest is credited, you will not receive the accrued interest.

MINIMUM BALANCE REQUIREMENTS

Minimum Opening Deposit $1,000.00
Minimum Ledger Balance to Avoid Monthly Service Charge $1,500.00

BALANCE COMPUTATION METHOD

We use the Daily Balance Method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

ACCRUAL ON NON-CASH DEPOSITS

Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).

TRANSACTION LIMITATIONS

You are limited to six (6) withdrawals / transfers from your account per month to another account or to third parties by pre-authorized, automatic, or telephone transfer or by check, draft, debit card or similar order made by you and payable to third parties.

FEES AND CHARGES

Monthly Service Charge
If your ledger balance falls below $1,500.00 during statement period $10.00

Excess Withdrawal / Transfer Charge
Assessed for each Withdrawal / Transfer over six (6) during the statement period $5.00

See Schedule of Fees for other charges that may be incurred.

ADDITIONAL DISCLOSURE INFORMATION

Statement Period: Monthly

We reserve the right to require at least seven days written notice before any withdrawal or transfer from this account.

*Message, data, and/or internet service provider rates may apply, as applicable