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Personal Savings Solutions

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Financial goals are very important, whether you want to earn extra money, save for an education or invest for retirement.  From small savers to savvy investors, Clearfield Bank & Trust has savings account solutions that are right for you.

Statement Savings

  • Available to individuals and businesses
  • Minimum opening deposit required
  • No service charge, if minimum balance is met
  • Unlimited deposits
  • Maximum 6 third party transactions per month
  • Interest bearing
    • We use the daily balance method to calculate the interest on your account.  This method applies a daily periodic rate to the principal in the account each day.

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Super Star Savings

  • Available to youth age 17 or younger
  • Minimum opening deposit required
  • No monthly service charge or minimum balance requirements
  • Unlimited deposits
  • Maximum 6 third party transactions per month
  • Interest bearing
    • We use the daily balance method to calculate the interest on your account.  This method applies a daily periodic rate to the principal in the account each day.

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Holiday & Savings Club

  • Available to individuals
  • Minimum opening deposit required
  • No monthly service charge or minimum balance requirements
  • Unlimited Deposits
    • Must set up automatic deduction from CBT account or as a payroll deduction.
    • Automatic transfer to a CBT checking or savings account at the end of each club period.
    • Club account automatically renew.
  • Penalty for early withdrawal
    • Savings Club period ends in April
    • Holiday Club period ends in October
  • Interest Bearing
    • We use the daily balance method to calculate the interest on your account.  This method applies a daily periodic rate to the principal in the account each day.

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Health Savings Account (HSA)

The purpose of this account is to help build savings for current and future medical expenses.  A HSA is a tax-exempt account established to help you, your spouse and your dependents cover qualified medical expenses.  Eligibility can be confirmed by your health provider and tax/legal professional.

  • Available to individuals
  • Minimum opening deposit required
  • Set-up fee applies, no service charge or minimum balance requirements
  • IRA regulations apply on Deposits and Withdrawals
  • Interest Bearing
    • We use the daily balance method to calculate the interest on your account.  This method applies a daily periodic rate to the principal in the account each day.

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Start Smart Account

This is a basic savings account designed to offer low and moderate income individuals and families a safe, low-cost electronic account as an alternative to non-bank, higher costing financial services.  This account is perfect for those individuals rebuilding a banking relationship.

  • Available to low/moderate income individuals (must meet income qualifications)
  • Minimum opening deposit required
  • No monthly service charge, if minimum balance is met
  • Unlimited deposits
  • Maximum 6 third party transactions per month
  • Interest Bearing
    • We use the daily balance method to calculate the interest on your account.  This method applies a daily periodic rate to the principal in the account each day.

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Certificate of Deposit (CD)

  • Minimum deposit amounts required and vary with CDs term
  • Fixed or Variable rates
  • Interest can be compounded, deposited into CB&T account or distributed via check
  • Early withdrawal penalty applies
  • Pays higher rate of interest compared to traditional savings option
  • We use the daily balance method to calculate the interest on your account.  This method applies a daily periodic rate to the principal in the account each day.

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Individual Retirement Accounts (IRAs)

  • Helps you plan for retirement
  • Save a little or a lot depending on your needs
  • Maximum contribution defined by the IRS
  • Discuss possible tax benefits with your tax advisor
  • Fixed or Variable rates
  • We use the daily balance method to calculate the interest on your account.  This method applies a daily periodic rate to the principal in the account each day.

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For fees associated with our Products and Services, please refer to our Personal Fee Schedule.