At Community First Bank we realize and respect that every individual has different financial needs and wants. That is precisely why we offer a variety of account options to fit your needs. Let us know which one suits you best.
Community Free Checking
Your free, no hassle checking account. You only need $100 to open, there is no minimum balance required, AND you have unlimited check writing. Combine with the bank’s Visa® debit card and you get free withdrawals at Community First ATMs and unlimited access to your funds anywhere Visa® is accepted. Our most popular account!
Community Plus 55 Checking
Customers 55 or over take notice of the additional benefits offered with Community Plus 55 checking. As with Community Free checking, you only need $100 to open, no minimum balance and no monthly fee, PLUS…..you get CFB logo checks free and discounted safe deposit box rental. If you are 55 or over, this is the account for you! Customers who are on disability also qualify.
Now Account*
Earn a competitive interest rate on tiered balances above $500 with our Now account. Open the account with a minimum $1,000 and maintain this balance to avoid a $9 monthly service charge. Don’t forget to combine it with the bank’s free Visa® debit card, online banking and bill pay for a power-packed solution.
Super Now Account*
Want a higher competitive interest rate than the Now account? Maintain a minimum balance above $2,500 and gain all the benefits of the Now account plus higher interest. Maintain the $2,500 minimum balance and there is no $10 monthly service charge either. The Super Now account really is super!
Community Savings*
The perfect “rainy day” account. Designed for the customer that doesn’t need to write checks---it is a great companion account to Community Free checking. Excess checking funds can be transferred here until they need to be spent or transferred to a more permanent savings account. Open a Community Savings account today with as little as $200. Maintain the $200 balance and there is no $5 semi-annual service charge.
Community Plus Money Market*
A savings account with the added flexibility of limited check-writing. Open with only $2,500 and maintain this balance to earn competitive interest rates. Keep the $2,500 minimum balance and there is no $10 monthly service charge. Choose this account if you seldom access your funds, but want to earn interest and not be bound to a CD term and maturity. Six transfers can be made via check, in person, or by automatic withdrawal. Keep in mind withdrawals in excess of the six allowed will create a $15 per transfer service charge.
Community First Christmas Club*
Worried about saving for Christmas? Stop now by opening a Community First Christmas Club account. It only takes $1 to open, earns interest, has no minimum balance requirement and no service charge. A great way to prepare for the holidays ahead of time!
Community First Kids Club Savings*
It's never too early to teach your youngsters the importance of saving. $25 is all it takes to get your child's Kids Club opened. They will even receive a free t-shirt when you bring them in! Saving has never been so fun!
Certificates of Deposit (CDs)*
CDs offered at Community First earn competitive interest rates and range in terms of 3 months to 4 years. CDs are a great place to tuck back excess money if you don’t need it right away. Open with as little as $500. Should funds be withdrawn prior to the selected maturity, interest penalties will apply.
Individual Retirement Accounts (IRAs)*
Whether you have an employer sponsored retirement plan or not, the traditional and Roth IRAs are great tools to accumulate extra retirement savings. The traditional IRA enables you to make tax-deductible contributions while the Roth IRA provides tax-free contributions. Open either account with as little as $100 and earn competitive interest rates. Terms range from 3 months to 3 years and penalties do apply for early withdrawals.
*Rates subject to change weekly.
Attention Account Holders: NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.
The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.
