Savings
Regular Passbook Savings
Statement Savings
Holiday Savings
School Savings
Certificates of Deposit
Choice Certificates of Deposit
Retirement Accounts
Health Savings Account
Regular Passbook Savings
Do you still like seeing your money grow by looking at your passbook? Do you like to put money away for a rainy day; want to save up for a special purchase or just to save. Collinsville Savings Society still offers the old fashioned passbook account with no service fees.
- No monthly service charge
- No minimum balance – A $5.00 balance is required to earn the APY
- Interest is compounded daily and credited to your account on the 28th of every month
Statement Savings
To conveniently save your money, try our statement savings account which allows easy access to your funds. You can choose from online banking, ATM debit card, automatic transfers, telephone banking.
- No monthly service charge
- No minimum balance – A $5.00 balance is required to earn the APY
- Interest is compounded daily and credited to your account on the 28th of every month
Holiday Savings
This great savings account will help you put away the extra money needed for the holidays.
- No minimum balance
- No minimum deposit
- No monthly service charges
- Interest is compounded daily and credited to your account on the 28th of every month
- A $5.00 balance is required to earn APY
School Savings
This account allows our youngest depositors the opportunity to save for their future. The convenience of banking at the Canton schools teaches the children the importance of savings.
- Statement Account
- No minimum balance
- No monthly service charges
- Interest is compounded daily and credited to your account on the 28th of every month
Certificates of Deposit
These accounts allow you to earn a higher interest rate and help your money to grow safely over a set period of time.
- The terms are for specific periods of time ranging from 3 months up to 5 years
- Interest is compounded monthly and posted monthly
- Monthly interest may be withdrawn penalty free
- You may not make additional deposits until the maturity date
- A maturity notice will be mailed approximately 30 days before the maturity date
Choice Certificates of Deposit
With the Choice CD you have all the benefits of a regular time deposit account with the added flexibility of being able to make unlimited deposits and one penalty free withdrawal from the principal each month.
Retirement Accounts
Save for retirement now. It's never too early to put money aside! Collinsville Savings Society offers a wide range of retirement plans including Traditional and Roth IRAs, SEPs, and Coverdell Education Plans. We have a 90 day Notice IRA account which allows you to make deposits daily, weekly, or monthly. If you wish to earn a higher rate of interest we also offer several time deposit accounts for retirement plans.
Health Savings Account
An adult can contribute into this account as long as they have medical coverage in a HSA qualified high deductible health plan There are certain advantages to putting money into these accounts, including favorable tax treatment.
- No monthly fees
- Free Checks
- Free MasterMoney™ Debit Card for participants and spouse
- Free online viewing
- Interest is compounded daily and posted to the account monthly
- Mobile Banking Team
For additional information, please contact Colleen Huntley or Julie Valaitis at 860-693-6936.
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