Savings & CDs

Savings accounts are a safe way to store and grow your money. At Centennial Bank, we couple our savings accounts with competitive rates and our outstanding customer service so that you can prepare for your future with a smile on your face. No matter what you are saving for, we want to help get you there!

In addition to personal savings accounts, a Certificate of Deposit (CD) is a great way to get a jump start on your future. In life, there are circumstances that you don’t plan for, which is why it is a good idea to set aside money to build a solid nest egg. At Centennial Bank, we can help. We offer CDs with maturities available from 7 days to 5 years with competitive fixed rates of interest for a specific time. Rate information is available in all bank offices.


 

 

 

NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS

All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.

The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

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