Which account is right for you?

Whether you are starting a rainy day fund, saving for a down payment on a home, or investing for your retirement, we have a savings plan that’s right for you.

So take a few minutes and look over the variety of savings plans we have to offer.

Statement Savings Account | First Money Market Account | Youth Statement Savings Account
Christmas Club | Certificate of Deposit (CD) | Individual Retirement Account (IRA)*
Health Savings Account (HSA)* | Education Savings Account* | Savings Bonds

Statement Savings Account

Safe. Simple. Readily accessible. A C&F Statement Savings Account is the perfect account to start saving for tomorrow.

• Quarterly statement mailed to you. E-Statement is available. Combine this statement with your C&F Checking Account statement for even more convenience
• $200 average quarterly balance required to earn interest
• Service charge free, if a $400 average quarterly balance is maintained. An average balance under $400 receives a service charge of $8.00 per quarter

Click here for current rates.

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First Money Market Account

If you carry higher savings balances, a C&F First Money Market Account is a better choice. You get the same daily access to your funds as with a Statement Savings Account, but typically earn interest at a higher market rate.

• Monthly statement mailed to you. E-Statement is available.
• Service charge free, if a $1,100 average monthly balance is maintained. An average balance below $1,100 receives a service charge of $10.00 per month
• Limited check writing available*

Click here for current rates.

*Check writing and other payments to 3rd parties are limited by government regulations. Call your local branch to talk to a customer service representative for additional information and a disclosure brochure.

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Youth Statement Savings Account

Get your child started off on the right path by teaching them how to save with a C&F Youth Statement Savings Account.

• No minimum balance requirements or service charges for account holders 18 yrs. or younger.
• The same quarterly statement (E-Statement available), daily access to your funds, and interest rate as our regular Statement Savings Account
• Converts to a Statement Savings Account upon their 19th birthday

Click here for current rates.

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Christmas Club

A tried and true way to set aside funds for the holidays

• Flexible – you set the amount and timing of your deposits
• Set up an electronic transfer to this account from your C&F Checking or Savings Account for even more convenience
• You can open your account any time throughout the year. The balance in the account plus all accrued interest is sent to you in early October, right before the traditional Christmas shopping season.

Click here for current rates.

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Certificate of Deposit (CD)

Put your money to work for you and earn higher rates than with a statement savings or money market account. When additional yield combined with safety and security are essential, a C&F Certificate of Deposit delivers.

• Investment terms from 6 months to 120 months.
• Monthly or quarterly direct deposit of interest to a C&F account is available
• $1,000 minimum required to open an account

Click here for current rates.

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Individual Retirement Account (IRA)*

Times like these call for disciplined and prudent investment for retirement. The safety and security of a C&F IRA account should be an essential part of your retirement planning. Whether you are rolling over your 401K, transferring your current IRA, or just getting started, we have the retirement account that’s right for you.

• Traditional and Roth IRA’s are available.
• No service charges or fees
• Quick and easy access to your funds when the time comes for withdrawals
• Minimum deposit of $500 required to open an account
• Investment terms from 6 months to 120 months.

Click here for current rates.

*Per government regulations, certain other restrictions apply. Call your local branch to talk to a customer service representative for additional information and a disclosure brochure.

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Health Savings Account (HSA)*

What is a Health Savings Account?
A Health Savings Account (HSA) is a tax-exempt account established exclusively for the purpose of paying qualified medical expenses for you, your spouse, and your dependents.

Why would I want an HSA?

• This is a great way to protect yourself from unexpected healthcare costs and initiate a tax-free retirement account.
• Contributions to an HSA may be deductable, and distributions to pay qualified medical expenses are tax free.
• Funds left in the HSA account can grow with tax deferred interest.
  

Am I eligible for an HSA?
You are eligible for a regular HSA if you:

• Are covered under a high-deductable health plan (HDHP)
• Are not also covered by another health plan that is not an HDHP
• Are not enrolled in Medicare
• Cannot be claimed as a dependant on another individual’s tax return.

What are an HSA owners responsibilities?
Each year, you are responsible for determining your allowable annual HSA contribution and whether you have qualified medical expenses eligible for the nontaxable HSA reimbursement. If you are eligible, you can establish an HSA in much the same way you would establish an IRA – with a qualified trustee or custodian.

Who can contribute to my HSA?
If you meet the eligibility requirements for an HSA, you, your employer, your family members, and any other person (including non-individuals) may contribute to your HSA.

This is true whether you are self-employed or unemployed.

What does the Campbell & Fetter Bank HSA include?

• No monthly service charge
• Quarterly statement mailed to you. E-statement is available
• Debit card access to your funds
• Interest earned on balances over $1,000

*Per government regulations, certain other restrictions apply. Call your local branch to talk to a customer service representative for additional information and a disclosure brochure.

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Education Savings Account*

An Education Savings Account (formally referred to as a Coverdell Education Savings Account or CESA) is an account that allows you to save for your child or grandchild’s education expenses with interest that accrues tax free as long as it is used for qualified education expenses.

• No service charges
• Quick and easy access to the funds when the time comes for withdrawals.
• Minimum deposit of $500 to open an account
• Investment terms from 6 months to 60 months
• Pays interest at rates the same as our IRA’s

Click here for current rates.

*Per government regulations, certain other restrictions apply. Call your local branch to talk to a customer service representative for additional information and a disclosure brochure.

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Savings Bonds

Would you like to save money for a house, car, or college education? Try buying a savings bond from the Federal government. The link below will take you to the Bureau of Public Debt and provide information on ways in which you may purchase a savings bond.
Purchase a Savings Bond now!

Have you heard about Series I Savings Bonds? Would you like more information on I bonds? Follow the link below and find out what you have been missing.
Information about Series I Savings Bonds

Do you have savings bonds? Would you like to find out what they are worth? The link below will take you to a savings bond calculator on the Bureau of Public Debts web page. This page allows you to find the bonds current value and build an inventory for quick reference in the future. Instructions are provided to assist with their web page.
Calculate your Bonds current value now!