Savings

Personal

Savings Accounts

Savings can help you achieve any financial goal. Whether it’s a comfortable retirement, down payment for a house, a fabulous vacation, or a new car, you can get there by setting money aside. And best of all, you can have what you want without getting bogged down in debt. The Cecilian Bank has saving solutions just for you! View the Checklist of items you'll need to open a new account.

Round Up Savings

Save while you spend! The Cecilian Bank’s Round-Up Savings feature works by automatically rounding up your debit card purchase to the nearest $1 (one) or $5 (five) dollar amount. The rounded up portion is automatically deposited into any of your Cecilian Bank savings accounts. This feature helps your savings account grow and makes it easier to balance your checkbook!


Passbook Savings

When you think about money management, The Cecilian Bank’s Passbook Savings is a great way to start. We offer automatic transfers from your checking account or you can set up direct deposit to the account making it easy to save.

  • $50 minimum to open account
  • $100 Daily Minimum Balance to avoid $5 monthly fee1
  • Transactions are limited2
  • Balances of $50 or more will earn interest3
  • Online Banking
  • Combined Statements

1Minimum balance waived for persons under 18 years of age. 2An excess Debit Fee of $5.00 per item over 3 items will be assessed per month. 3Rate subject to change daily.


Christmas Club

Deck the halls and let The Cecilian Bank’s Christmas Club account help you take the stress out of the holiday season.

  • Direct Deposit or Automatic Transfer to the account available
  • Deposits accepted anytime
  • Balances will be transferred into your deposit account in early October.
  • Early withdrawals are prohibited

Vacation Club

Start saving for that dream vacation with The Cecilian Bank’s Vacation Club.

  • Direct Deposit or Auto Transfer required
  • Your savings will be transferred into your deposit account annually in March
  • Additional benefit for balances $500 and up:
Balance Earn
$500 - $999.99 $5.00
$1,000 - $1,999.99 $10.00
$2,000 & Above $20.00

Certificate of Deposit (CDs)

At The Cecilian Bank, we can structure a Certificate of Deposit Account to fit your individual needs. We offer competitive terms and interest rates that are adjusted weekly according to the market conditions. From time to time, we may offer special terms or rates. Check out our Interest Rates showing all current certificate of deposit terms, rates and minimum deposit amounts.


Individual Retirement Accounts (IRAs)

Has the stock market or your mutual fund investments in your IRA got you worried? Do market value fluctuations in your IRA bond investments make you lose sleep? Can you risk losing any of your hard earned retirement dollars? Playing it conservative with FDIC insured IRA's at The Cecilian Bank eliminates these worries. You need to depend on your retirement dollars being there for you. We have various terms to suit your investment style....you can pick short-term or long-term. Choose from Traditional, Roth or SEP IRA's. We recommend that you consult with your tax advisor to see which type of IRA would best suit your needs. Then just contact any of our Customer Service Representatives to get your IRA started.