Community Bank Savings Account Rates

The aim of this blog is to help investors like you find the high interest savings accounts in the market so that you can get the best possible returns on your money. In that series, we will be discussing the Community Bank savings account rates and features. Community Bank is headquartered in DeWitt, New York and serves the entire state. It was founded in 1866 and since then has been serving customers in the eastern part of the US. It is a part of the Community Bank System Inc.

Three kinds of savings accounts are offered by Community Bank. The firs kind is the Completely Free Savings account and as the name implies, there is no monthly maintenance fees for this account. There is no minimum balance requirements also with this account and all this makes this account a good option for investors. Another kind of savings account is the Premium Savings Account. This account requires a minimum opening balance of $5,000 and the interest is variable and depends on the current weekly rate. A minimum balance of $5,000 has to be maintained at all times. Otherwise, a $5 monthly service fee is charged. The third kind of account is the Health Savings Accounts (HSA). These accounts offer tax advantages for customers who meet the eligibility requirements. This account is ideal for anyone looking to save for their current and future medical expenses.

The current Community Bank savings rates are 0.05% APY for the Completely Free Savings account. The savings rates at Community Bank for the Premium Savings account is 0.20% APY. 

Commerce Bank Savings Account Rates

Commerce Bank is a community bank that offers a range of financial services and products for its customers. It operates in the states of Missouri, Kansas, Illinois, Oklahoma and Colorado. Along with a call-center and online banking, this bank is able to reach out far and wide to its customers who located in different parts of the country. Among its financial products, its high interest savings accounts are popular.

The personal savings account offered by Commerce Bank is insured by FDIC and so, one can deposit money in it with a lot of peace of mind. The minimum amount required to open an account is $1 for minors and $100 for others. The Commerce Bank savings account rates are compounded daily for higher earnings. All customers have access to online and phone banking 24/7. This bank charges a monthly maintenance fee of $3 and this amount is waived when a minimum daily balance of $300 is maintained in the account. This service fee is waived for accounts belonging to minors. It allows a maximum of three withdrawals or transfers every month and any additional transfer incurs a charge of $1. There are no check writing privileges for this account and an online statement is sent to the account holder at the end of every billing cycle.

The current Commerce Bank savings rates are 0.05% APY for all balances. These features make it a convenient way to save for long-term goals such as down payment for a house, college education or a well-deserved vacation. Also, the savings account rates at Commerce Bank are competitive in the current market conditions.

Citizens Trust Bank Savings Account Rates June 2012

The Citizens Trust Bank Savings rates are from a metro Atlanta bank that has been serving their community since 1921. They have numerous different types of saving account to help you reach your financial goals.

The best Savings account rates include all of their saving accounts. Each one of them are earning an APY of 0.10%

The Personal Saving Account requires a minimum deposit of $100 to open the account. This amount must be maintained to avoid the $5 monthly service fee. Interest is paid quarterly and you are permitted 1 transaction per month without a penalty fee being assessed to the account.

The Citizens Trust Bank Money Market rates is also 0.10% APY. The minimum deposit to open this account is $1,000. To avoid the monthly service fee of $10, a balance of $2,500 must be maintained. Tiered interest rates are available but they are not disclosed online. Interest on the balance is accredited to the account quarterly.

The Silver Investors Savings Account is also earning an APY of 0.10%. The minimum deposit to open this account is $5,000. To avoid the monthly service fee of $15, you must maintain a balance of $5,000 in the account at all times.  Tiered interest rates are also available with this account but they are not openly disclosed.

The Future Savers Saving account is also earning an APY of 0.10%. This account can be opened for as little as $10. This must also be an account tied to an adult’ account at the bank for this account to be opened. The interest is compounded daily and accredited to the account quarterly.

These Citizens Trust Savings rates were posted on April 23, 2012 and are still current for the month of June. All rates are subject to change without notice.

Citizens Bank Savings Account Rates May 2012

The Citizens Bank Savings rates are from a small bank in Providence, Rhode Island that was founded in 1828. Today, it has grown to over 1500 branch offices and has now a service area of 12 different states.

The Citizens Savings rates are at 0.10% for the Circle Gold Savings account. There is no monthly service fee and no minimum deposit to open an account. You will have unlimited access to your account with the Citizens Bank online banking services.

If you intend to be saving for a new home, then the Citizens Bank Homebuying Savings account might be right for you. This account is earning an APY of 0.25% on the balance. If you make a deposit of $100 or more each month for 3 years, Citizens Bank will credit your account $1,000 that can be used for closing costs, if your take your mortgage out with them.

The Citizens Bank Passbook savings account is earning an APY of 0.03%. This account requires a minimum deposit of $25. To avoid the monthly service fee, you must maintain a balance of $500 in the account.

The Citizens Bank Money Market rates are also the best Savings account rates being offered by Citizens Bank. This is set up in a tiered format. The minimum balance amounts are $0, $10,000, $50,000, $100,000, $250,000, and $2,000,000. The corresponding APYs are 0.05%, 1.00%, 1.00%, 1.00%, 1.00%, and 0.30%. A minimum deposit of $10,000 is required to open this account and the balance that must be maintained, to avoid the $20 monthly service fee.

All of the Citizens Bank Savings Account rates were posted on May 18, 2012, but are subject to change without notice.

 

Chase Bank Savings Account Rates May 2012

This is a review of the Chase Bank Savings accounts and the rates they are offering the American public. These savings rates are only available to American citizens and legal residents of the country. Residents outside of America need to consult the international Chase web site.

The current Chase Bank interest rates for their standard savings account are at 0.01% for all balances. The minimum deposit for this account is only $25, and there is no monthly maintenance fee when the balance is kept above $300 for the entire month.  The monthly service fee is $4.

The Plus Savings Account has the best Chase Bank Savings Account rates being offered at this time. This account is set up with its rates in a tiered format. The minimum balance levels are $0.01, $10,000, $25,000, $50,000, $100,000, $250,000, $500,000, $1,000,000, and $5,000,000.

The following Savings Account rates at Chase Bank are for those accounts that have a relationship with another Chase account that include  0.10%, 0.15%, 0.120%, 0.25%, 0.25%, 0.30%, 0.30%, 0.30%, and 0.30%. For those accounts where this is the only account at Chase Bank, the Savings rates are 0.05%, 0.05%, 0.05%, 0.10%, 0.10%, 0.10%, 0.10%, 0.30%, and 0.30%.

The Chase Plus Savings account requires a minimum deposit of $100 to open the account. The minimum balance needed to avoid the monthly service fee is $15,000. The monthly service fee is $25.

The Chase Savings account rates were posted on May 18, 2012, but are subject to change without any prior notice.