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Savings
Whether your savings goal is short or long term, Centennial Bank has the safe, secure investment tools and competitive rates to optimize your return, while making your goal easier and more convenient to achieve. Take advantage of higher-rate money market accounts or more basic savings accounts. Each is designed to help make your future more secure.
Goalsetter Savings
Designed with investors age 18 and under in mind.
- Low Minimum Deposit to Open
- No Monthly Service Fee with Low Minimum Balance
- 6 Free Withdrawals per Quarter
- Free CenBank Online
Centennial Savings
Ideal for those who want an affordable, basic savings account with a competitive rate of interest.
- Low Minimum Deposit to Open
- No Monthly Service Fee with Low Minimum Balance
- 6 Free Withdrawals per Quarter
- Free CenBank Online
Premier Money Market
Ideal for those who keep higher balances, want to earn a tiered rate of interest, but need more flexibility than a Certificate of Deposit.
- Low Minimum Deposit to Open
- No Monthly Service Fee When Average Daily Balance is Maintained
- 6 Free Withdrawals per Month
- Free CenBank Online
- Easy Access to Funds Through a Free ATM Card
- Competitive Interest Rates are Tiered, the Higher the Balance, the Higher the Rate
Certificates of Deposit
Investing your funds for a longer period of time in a Centennial Bank CD is a great way to lock into higher rates while choosing the term that suits you…from as little as 3 months up to 5 years. Centennial Bank CD’s renew automatically at maturity to keep your investment growing without missing a beat.
- Competitive, Guaranteed Interest Rates
- Low Minimum Opening Balance
- 3 Month to 5 Year Terms
Individual Retirement Accounts
An Individual Retirement Account (IRA) is a great way to save and plan for your retirement. IRA’s generally fall into one of 2 types – the Traditional IRA or the Roth IRA. Your IRA funds can be invested in any of our Certificate of Deposit options.
Traditional IRA
This IRA is designed for individuals who want tax-deferred savings for retirement. The amount you are able to invest depends on your Adjusted Gross Income and whether you are covered under an employer sponsored qualified retirement plan.
Roth IRA
The major benefit of a Roth IRA is tax-free earnings for your retirement. Although contributions to the Roth IRA are not tax-deductible, like a Traditional IRA, earnings grow tax-free. If you expect to be in a higher tax bracket when you retire, you may benefit more from a Roth IRA since your contributions are nondeductible and taxed in the year they are earned.
Ready to open an account or need more information?
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