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.