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Savings, CD, & IRA Accounts

Savings Accounts
Centinel Bank offers many services to meet your personal banking needs. Explore our savings, CD and IRA options here and begin the application process online.

All personal savings accounts include access to: a Debit Card,  Online Banking, Mobile App, 24-hour telephone banking service, notary services, direct deposit and check imaging.


The following documentation is needed to open a Personal Account:

US Citizens  Non-US Citizens 
Driver's License or Government-issued ID  Two Forms of Government-issued ID
Proof of Physical Address  Proof of Physical Address 
Social Security Number  Verification of ITIN
 
Use this account to save for a rainy day, a college education or wherever your dreams may take you! Maintain a daily balance of $500 or more and there is no service charge.

Benefits and features:

  • $100 minimum opening deposit
  • $500 minimum daily balance to avoid service charge
    • $15.45/month service charge if using paper statements
    • $11.95/month service charge if using electronic statements
  • Online Banking- Enroll Now
  • Minimum opening deposit of $100
  • Building your savings account can be easy and convenient using Direct Deposit and/or Automatic Funds Transfer
  • Interest bearing account - see our current deposit rates
  • Interest is compounded and credited quarterly
  • There is no minimum daily balance requirement to obtain the disclosed annual percentage yield. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.
  • Fees could reduce earnings on the account.
  • The first three withdrawals per quarter are not subject to charge, subsequent withdrawals are assessed a $1.00 per item fee.
  • If you have electronic activity on this account, you will receive a monthly statement; otherwise, your statement will be sent quarterly.
  • Debit Card is available at no charge with any other Centinel Bank checking account, otherwise $5.00 per card per statement cycle.
This account is designed to be used with high deductible health care insurance. It is a way to help you build savings for use on qualified medical expenses.

Benefits and features:

  • $100 minimum opening deposit
  • $500 minimum daily balance to avoid service charge
    • $9.28/month service charge if using paper statements
    • $5.78/month service charge if using electronic statements
  • Debit Card
  • Online and mobile banking- Enroll Now
  • View check images online or receive them on your statements for an additional $2.00
  • Unlimited Check Writing
  • To be used with a High Deductible Health Care Plan
  • Interest bearing account - see our current deposit rates
  • There is no minimum daily balance requirement to obtain the disclosed annual percentage yield. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.
  • Fees could reduce earnings on the account

Certificate of Deposit (CD):

  • Minimum Opening Deposit: $1,000
  • Monthly Service Charge: $0
  • Minimum Balance: N/A
  • Competitive interest rates for a specified term.
  • 3 months, 6 months, 12 months, 24 months, 3 year, 4 year and 5 year terms available with a minimum opening deposit of $1,000.00.
  • Early withdrawal penalties may apply.

Individual Retirement Account (IRA)

Invest money for retirement! We offer Traditional, Roth and SEP Individual Retirement Accounts. 
  • Minimum Opening Deposit: $1,000
  • Monthly Service Charge: $0
  • Minimum Balance: N/A
  • Rollovers or transfers from other retirement plans are available.
  • Interest payments are made quarterly.
  • The funds are invested in federally insured certificates of deposit. Each depositor is insured up to $250,000.
  • Deposits may be fully or partially tax deductible, depending on your individual or family income.
  • Accumulated earnings grow, tax deferred, until time of withdrawal (Consult your tax advisor)
  • The rules & restrictions governing IRAs are many: check with your tax advisor for the benefits of an IRA for your specific situation.

Our Overdraft Protection Line of Credit (OOPS)

OOPS accounts are like having “extra cash” when you need it - putting an end to accidental overdrafts. OOPS will automatically advance funds to your checking account to cover unexpected overdrafts. All you need is a Centinel Bank checking account and an approved OOPS application.
This account offers you limited transactional activity and earns interest.

Benefits and features:

  • $100 minimum opening deposit
  • $2500 minimum daily balance to avoid service charge
    • $15.45/month service charge if using paper statements and you fall below the minimum daily balance
    • $11.95/month service charge if using electronic statements and you fall below the minimum daily balance.
  • Online Banking- Enroll Now(Opens in a new Window)
  • View check images online or receive them in your statements for an additional $2.00
  • Direct Deposit available
  • Interest bearing account-see our current deposit rates
  • There is no minimum daily balance requirement to obtain the disclosed annual percentage yield. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.
  • Fees could reduce earnings on the account
  • Unlimited face to face transactions. These types of transactions include over the counter withdrawals with a teller or at an ATM machine
  • Third party transactions are limited to six transactions per monthly statement cycle. These limited transactions include checks, debit card purchases or, preauthorized transactions. A service charge of $7.50 per item will be assessed for transactions that exceed these limits.




* ALL FEES SUBJECT TO APPLICABLE SALES TAX
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Online banking

Secure and convenient banking.

Enjoy the ease of accessing your account anytime, anywhere, through the use of our eServices.