Personal Banking

CLUB ACCOUNTS

Preferred 55 Club

Minimum opening deposit – $100.00
Membership Requirement – Age 55 and over

AS A PREFERRED 55 CLUB MEMBER YOU WILL RECEIVE THE FOLLOWING BENEFITS:

  • No Monthly Maintenance Service Charge
  • Free Personalized Club Style Checks
  • Fee Free Money Orders and Cashiers Checks (up to 4 per month)
  • Free Photocopies (up to 10 copies per month)
  • Free Notary Service
  • Discounted Club Trips
  • Free Fax Service (up to 10 pages per month)
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CHECKING ACCOUNTS

Personal Checking

Minimum opening deposit – $25.00

Average Ledger Balance Monthly Maintenance Service Charge
$500.00 and over $0.00
$0.00- $499.99 $6.00

 

No charge for 40 checks written per month;
Each additional check .10

No Monthly Maintenance Service Charge if average collected balance is greater than or equal to $1,500.00 in a passbook savings account.

  • Monthly maintenance service charge waived if receiving e-statement

Second Chance Checking

Minimum opening deposit – $25.00
Monthly maintenance service charge with direct deposit ……………..$8.00
Monthly maintenance service charge without direct deposit …………$10.00

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INTEREST BEARING ACCOUNTS

All of Citizens Community Bank’s interest bearing accounts are variable as defined by the Truth-in-Savings Regulation which means: The interest rate and annual percentage yield may change. The interest rate is determined at our discretion. The interest rate is subject to change at any time. There is no limit on how much the interest rate will change. To obtain the interest rates currently available and an explanation of the balance computation method for calculation of annual percentage yields, contact any one of our locations.

METHOD OF CALCULATION: 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. Interest will begin to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks) into your account.

EFFECT OF CLOSING AN ACCOUNT: If you close your account before interest is credited you will receive the accrued interest.

Now Account – Personal

Minimum opening deposit – $1,000.00
Unlimited number of checks can be written without an additional charge.
Monthly Maintenance Service Charge – $10.00

Balance FromInterest RatesAPY
UP TO - $2,499.990.05%0.05%
$2,500.00 - $9,999.990.05%0.05%
$10,000.00 - AND OVER0.05%0.05%

 

  • Variable Rate: The interest rate and annual percentage yield for your account depends upon the applicable tier. The interest rate and annual percentage yield for these tiers may change daily.
  • APY – The Annual Percentage Yield assumes interest will remain on deposit until maturity. Withdrawals and Fees will reduce earnings.
  • METHOD OF CALCULATION: 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. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).
  • EFFECT OF CLOSING AN ACCOUNT: If you close your account before interest is credited, you will receive the accrued interest.

To avoid a Monthly Maintenance Service Charge of $10.00, a minimum daily balance of $1,000.00 or an average collected balance of $2,000.00 must be maintained. Fees could reduce the earnings.

Compounding frequency – Interest will be compounded monthly.
Crediting frequency – Interest will be credited into the account monthly.

Citizens Preferred 55 Now Club

Minimum opening deposit – $1,000.00
Membership Requirement – Age 55 and over
Unlimited number of checks can be written
Monthly Maintenance Service Charge – $10.00

AS A PREFERRED 55 CLUB MEMBER YOU WILL RECEIVE THE FOLLOWING BENEFITS:

  • Free Personalized Club Style Checks
  • Fee Free Money Orders and Cashiers Checks (up to 4 per month)
  • Free Photocopies (up to 10 copies per month)
  • Free Notary Service
  • Discounted Club Trips
  • Free Fax Service (up to 10 pages per month)
Balance FromInterest RatesAPY
UP TO - $2,499.990.05%0.05%
$2,500.00 - $9,999.990.05%0.05%
$10,000.00 - AND OVER0.05%0.05%

 

  • Variable Rate: The interest rate and annual percentage yield for your account depends upon the applicable tier. The interest rate and annual percentage yield for these tiers may change daily.
  • APY – The Annual Percentage Yield assumes interest will remain on deposit until maturity. Withdrawals and Fees will reduce earnings.
  • METHOD OF CALCULATION: 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. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).
  • EFFECT OF CLOSING AN ACCOUNT: If you close your account before interest is credited, you will receive the accrued interest.

To avoid a Monthly Maintenance Service Charge of $10.00, a minimum daily balance of $1,000.00 or an average collected balance of $2,000.00 must be maintained. Fees could reduce the earnings.

Compounding frequency – Interest will be compounded monthly.
Crediting frequency – Interest will be credited into the account monthly.

Premium Money Market – Personal

Minimum opening deposit $2,500.00
Monthly Maintenance Service Charge – $15.00

Balance FromInterest RatesAPY
$0.00 to $4,999.990.05%0.05%
$5,000.00 to $14,999.990.10%0.10%
$15,000.00 to $34,999.990.15%0.15%
$35,000.00 to $49,999.990.15%0.15%
$50,000.00 to $74,999.990.15%0.15%
$75,000.00 to $99,999.990.15%0.15%
$100,000.00 AND OVER0.25%0.25%

 

  • Variable Rate: The interest rate and annual percentage yield for your account depends upon the applicable tier. The interest rate and annual percentage yield for these tiers may change daily.
  • APY – The Annual Percentage Yield assumes interest will remain on deposit until maturity. Withdrawals and Fees will reduce earnings.
  • METHOD OF CALCULATION: 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. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).
  • EFFECT OF CLOSING AN ACCOUNT: If you close your account before interest is credited, you will receive the accrued interest.

To avoid a Monthly Maintenance Service Charge of $15.00 per month, a minimum daily balance of $2,500.00 or an average collected balance of $3,000.00 must be maintained. Fees could reduce the earnings.

Additional charges are as follows: $10.00 per withdrawal in excess of six per statement cycle (including checks, Debit Cards/ACH debits, telephone and online transfers.  Transactions not counted include in person and ATM withdrawals and transfers).

Compounding frequency – Interest will be compounded monthly.

Crediting frequency – Interest will be credited into the account monthly.

Passbook Savings

Minimum opening deposit – $50.00
Interest will be compounded and credited through the end of the calendar quarter.
Quarterly Maintenance Service Charge – $5.00

Balance FromInterest RatesAPY
UP TO - $9,999.990.15%0.15%
$10,000.00 to $24,999.990.15%0.15%
$25,000.00 to $49,999.990.15%0.15%
$50,000.00 - AND OVER0.15%0.15%

 

  • Variable Rate: The interest rate and annual percentage yield for your account depends upon the applicable tier. The interest rate and annual percentage yield for these tiers may change daily.
  • APY – The Annual Percentage Yield assumes interest will remain on deposit until maturity. Withdrawals and Fees will reduce earnings.
  • METHOD OF CALCULATION: 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. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).
  • EFFECT OF CLOSING AN ACCOUNT: If you close your account before interest is credited, you will receive the accrued interest.

Additional charges are as follows:
$3.00 per withdrawal in excess of four per month (including ATM and pre-authorized transfers). To avoid a Quarterly Maintenance Service Charge of $5.00, a minimum daily balance of $50.00 must be maintained for the monthly statement cycle. Fees could reduce the earnings. The quarterly maintenance service charge is waived for Minors up to age 22.

Christmas Club

Minimum opening deposit – $5.00

Interest will be compounded and credited annually. The interest rate on your account will be equal to the interest rate paid on our lowest tier of the passbook savings account. No partial withdrawals are allowed. Early termination fee $10.00 Fees could reduce the earnings.

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COMMON FEATURES

The following fees may be assessed against your account.

Returned Overdraft Items** $30.00
Paid Overdraft Items** $30.00
     ** Paid and returned overdraft fees apply to
overdrafts created by check, in person
withdrawals, or other electronic means,
as applicable.
Continuous Daily Overdraft Fee ***
***If an overdrawn account is not brought to a
positive balance on the day the overdraft
occurs, starting the next day a $5.00 per
day fee will be assessed until enough
funds are deposited to bring it back to
a positive balance.
$5.00
Account activity printout $3.00
Account closed within 6 months of opening $25.00
Auto Transfer to cover overdrafts – prior authorization required $5.00 per transfer
Cashiers Checks $6.00
Check Cashing (Non-customer) $10.00
Check Printing Fee (Fee depends on style of checks ordered)
Coin Counting – Non-customer $10.00
Coin Disbursements (Non-customers) $5.00
Collection Item – Incoming and Outgoing
$20.00
Debit Card PIN Replacement Fee $5.00
Debit Card Replacement Fee $10.00
Dormant Checking Account (Inactive one year) $10.00 per month
Dormant Savings Account (Inactive two years) $10.00 per month
Garnishments and Levies $120.00
Hold Statements $3.00 per month
Indemnity Bond $10.00
Notary Service $1.00
Personal Money Orders $4.00
Photocopies (per page) $1.00
Research Copies $4.00 each
Research-Per Hour $150.00
Stop Payment Orders/Renewals $30.00
Telephone Transfers $2.00
Two Signatures Required $10.00 per month
Wire Transfer – Incoming $20.00
Wire Transfer – Out of USA $50.00
Wire Transfer – Outgoing $25.00

CONSUMER BANKING PRODUCTS AND SERVICES

PERSONAL
CHECKING
SECOND
CHANCE
CHECKING
NOW
ACCOUNT
PERSONAL
PREFERRED
55 CLUB
CITIZENS
PREFERRED
55 NOW CLUB
PREMIUM
MONEY MARKET
PERSONAL
SERVICES
MINIMUM
OPENING DEPOSIT
$50.00 $25.00 $1,000.00 $100.00 $1,000.00 $2,500.00
MONTHLY
MAINTENANCE
SERVICE CHARGE
$6.00 $10.00 OR
$8.00 With
Direct Deposit
$10.00 NA $10.00 $15.00
ABILITY TO
WAIVE
MONTHLY
MAINTENANCE
SERVICE CHARGE
YES NO YES Must be
age 55
or older
Must be
age 55
or older
YES
YES
MINIMUM BALANCE
TO AVOID MONTHLY
MAINTENANCE
SERVICE
CHARGE
$500.00
Or collected
balance of $1500
in Passbook Savings
or receive e-statement
NA $1,000,00
or average
collected balance
of $2000.00
NA $1,000,00
or average
collected balance
of $2000.00
$2,500.00
or average
collected balance
of $3000.00
FREE MOBILE
BANKING
FREE ONLINE
BANKING
UNLIMITED BILL PAYMENTS
DEBIT CARD *
INTEREST ** NA NA NA
UNLIMITED
# OF CHECKS & ELECTRONIC
ITEMS
FIRST
40
FREE
PER MONTH
$10.00 per
withdrawal in
excess of 6 per
statement cycle
FREE PERSONALIZED
CLUB STYLE CHECKS
NA NA NA NA
DISCOUNTED
CLUB TRIPS
NA NA NA NA
FEE FREE
MONEY ORDERS
AND CASHIERS
CHECKS ***
NA NA NA NA
FREE PHOTO
COPIES ****
NA NA NA NA
FREE FAX SERVICE***** NA NA NA NA
FREE NOTARY
SERVICES
NA NA NA NA

*SUBJECT TO APPROVAL
** TIERS ACCORDING TO BALANCE
*** UP TO 4 PER MONTH TOTAL
**** UP TO 10 COPIES PER MONTH
***** UP TO 10 PAGES PER MONTH

Citizens Community Bank believes in fairness in lending and will make credit available on a fair and consistent basis to all individuals and entities that meet our credit standards without regard to national origin, race or other discriminatory bias.