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Deposit Accounts
Whether you are saving for a new home, a dream vacation, retirement,
or just need an account for everyday use, Citizens Bank & Trust Co.
of Jackson is sure to have just the right account to fit your
needs.
We
offer a “FREE CHECKING” account that has no monthly service charge
and no minimum balance requirements as well as a variety of other
DDA, Savings, Certificates of Deposits, and Individual Retirement
accounts.
Our deposit rates are very competitive and our bank is an FDIC
member so your deposits are insured. ATM and Debit Cards are
available for DDA customers, making your funds easily accessible.
Internet Banking, Bill Pay, and E-statements are among the many
great services available to our customers. We also have 24 hour
On-Call Telephone Banking and direct deposit capabilities for our
customers convenience. Call today and discover all the advantages
of a Citizens Bank deposit account.
DDA Accounts
Free Checking:
·
$100.00 deposit to open account
·
No
monthly service charge
·
No
minimum balance requirement
·
Customer has to pay for checks
Student Banclub:
·
$25.00 deposit to open account
·
Parents must own a Banclub account in order to qualify for this
account
·
No
monthly service charge
·
No
minimum balance requirement
·
$10,000.00 accidental death insurance
·
This account remains in effect until the account holder reaches 23
years of age, becomes married, or is no longer a student
·
Checks are free (Basic checks only)
Basic Banclub:
·
$100.00 deposit to open account
·
$7.00 monthly maintenance fee
·
No
minimum balance requirement
·
$10,000.00 accidental death insurance, divided between number of
account holders
·
Checks are free (Basic checks only)
Personal Banclub:
·
$100.00 deposit to open account
·
$7.25 monthly maintenance fee
·
No
minimum balance requirement
·
$20,000.00 accidental death insurance, divided between # of account
holders
·
Checks are free (Basic checks only)
Family Banclub:
·
$100.00 deposit to open account
·
$7.75 monthly maintenance fee
·
No
minimum balance requirement
·
$20,000.00 accidental death insurance for head of household,
$10,000.00 for spouse and $1,500.00 for each child under age 23 and
full time student
·
Checks are free (Basic checks only)
Benefits
associated with all Banclub accounts are:
·
Car Rental Discounts
·
Key Ring Protection
·
Bonus Travel (Save money on airfare, car rental, lodging, and more)
·
Savers Club Book
·
Sojourns Magazine
·
Payment Card Protection (Protects all your credit, ATM, and check
cards in the event of loss or theft)
55 Plus:
·
$100.00 deposit to open account
·
Customer must be 55 or older to qualify for this account
·
No
monthly service charge
·
No
minimum balance requirement, however interest is earned on balances
over $500.00
·
Checks are free (Basic checks only)
·
Account holders may purchase travelers checks at no charge
·
Outgoing wire transfers are ½ price for account holders
·
Account holders can rent lockboxes for ½ price at our branch
location
Business
Accounts:
Business
accounts are available to corporations, partnerships, LLC’s, and
sole proprietorships.
·
$500.00 deposit to open account
·
$10.00 maintenance fee will be imposed every statement cycle if the
daily balance falls below $1,000.00 any day of the statement cycle
·
$5.00 maintenance fee will be imposed every statement cycle if the
daily balance falls below $3,000.00 any day of the statement cycle
·
Analysis is done on business accounts and if the services used
warrant fees, certain fees will be imposed
·
Customer has to pay for checks
Non-Profit
Organization Accounts:
We proudly
support non-profit organizations by offering DDA accounts with no
monthly service charge and no minimum balance requirements.
·
$100.00 deposit to open account
·
No
monthly service charge
·
No
minimum balance requirement
·
Customer has to pay for checks
Now Accounts:
·
$200.00 deposit to open account
·
$8.00 maintenance fee will be imposed every statement cycle if the
daily balance falls below $500.00 any day of the statement cycle
·
$6.00 maintenance fee will be imposed every statement cycle if the
daily balance falls below $1,000.00 any day of the statement cycle
·
Customer must maintain a minimum daily balance of $1,000.00 to
obtain the annual percentage yield
·
This is a variable rate account, interest is calculated on a daily
balance
·
A
charge of $0.25 per check after writing over 35 checks per month may
apply
Regular Savings:
·
$100.00 deposit to open account
·
$5.00 maintenance fee will be imposed every statement cycle if the
daily balance falls below $100.00 any day of the statement cycle
·
This a variable rate account, interest is calculated on a daily
balance
·
$20.00 fee will be imposed if the account is closed before 6 months
·
After 7 months of inactivity, a dormant fee of $2.00 per month will
be charged to the account until further activity occurs on the
account
Christmas &
Vacation Clubs:
·
Set up in 50 weekly payments in the amount of $5.00, $10.00, or
$20.00
·
If
customer pays all 50 payments and is no more than 6 weeks late, they
will receive an extra payment
·
If
the club account is cashed in early, the customer will lose 2
payments
·
If
the payment book is lost, there is a $5.00 processing fee for
issuing a new book
Certificates of
Deposit
Citizens Bank offers CDs with maturities ranging from 30 days to 5
years. Our rates are very competitive.
Individual
Retirement Accounts/Roth Certificates
IRA’s certificates are available with maturities up to 5 years. As
with regular CD’s, our rates are competitive and our customer
service is excellent. Start planning your retirement today with a
Citizens Bank & Trust Co. IRA or Roth account.
Contact
Information
If
you need further assistance from our New Accounts Department or
would like to inquire about any of our deposit products, feel free
to call any of our Customer Service Reps at 606-666-7575 or e-mail
us at fgabbard@citizensbankjackson.com. We look forward to helping
you and will try to assist you in finding the plan you need to meet
your financial goals. |
