The Cottonport Bank
Main

All Accounts

Checking:

Home Town Checking
  • Minimum opening deposit of $100.00
  • $5.00 monthly minimum balance fee if daily balance drops below $800 within a statement cycle
  • No charge for initial debit card
  • No charge for online banking
  • Bill Pay available (refer to Bill Pay for details and fees)
  • Unlimited check writing
  • Paper Statement or E-Statements
Cash Back Checking
  • Minimum opening deposit of  $100.00
  • Electronic delivery of your statement is required
  • No charge for online banking
  • Bill Pay available - per check charges may apply
  • No charge for initial debit card
  • .10 deposited for every point of sale transaction posted within a statement cycle (cash withdrawals using your debit/ATM card are excluded)
  • .10 transaction fee for each check/teller withdrawal over five (5)posted per statement cycle
Golden Account for ages 62 and over
  • Minimum opening deposit of $100.00
  • $3.00 monthly minimum balance fee if daily balance drops below $800 within a statement cycle
  • No charge first order of checks (1 box of cottonball paper only)
  • No charge for initial debit card
  • No charge for online banking and unlimited check writing
  • Bill Pay available (refer to Bill Pay for details and fees)
  • Paper Statement or E-Statements
Money Market Account  (Interest Bearing)*
  • Minimum opening deposit of $2,500
  • $10.00 monthly minimum balance fee if daily balance drops below $2,500
  • Interest earned on balances of $2,500 or more
  • Transaction fee of $10 for each debit over 6 per statement cycle***
NOW Account  (Interest Bearing)*
  • Minimum opening deposit of $1,000
  • $10.00 monthly minimum balance fee if daily balance drops below $1,000
  • Interest earned on balances of $1,000 or more
  • Unlimited check writing
  • No charge for online banking
  • Bill Pay available (refer to Bill Pay for details and fees)

Savings:

Savings Account***(Interest Bearing)*
  • Debit card available
  • Minimum opening balance of  $100.00
  • A $2.00 transaction fee per withdrawal will be imposed after 3 withdrawals per month, with the exception of ATM transactions.***
  • Statements cycled monthly and printed quarterly
  • Interest is credited quarterly to account
  • A $5.00 closing fee will be charged within 90 days of opening the account.
  • If account balance falls below $100.00, no interest will be earned and a minimum balance fee of $2.00 per month will be charged.
Christmas Club (Interest Bearing)*
  • Minimum opening balance of $5.00
  • Statement Period:  Annually
  • Interest is credited annually
  • A check for the balance plus interest is mailed annually in November
Certificate of Deposit
  • Certificates of deposit are proven financial investments with numerous advantages over other investments.
  • Flexible terms to match your investment objectives
  • Interest payment options - interest deposited to     another account, added back to original certificate,   or paid by check
  • Automatic renewals
Individual Retirement Account (IRA)
  • Grow retirement savings with tax-deferred dollars since earnings are not subject to federal income tax until
  • savings are withdrawn.
  • Tailor contributions to your situation
  • Tax deduction
  • Tax-deferred earnings
  • Tax benefits continue after retirement
Roth IRA
  • Allows a maximum non-deductible annual contribution.
  • Roth IRA earnings are tax-free as long as principal and earnings have remained in the IRA for at least five years from the first contribution and the withdrawal is a qualified distribution.
Educational IRA
  • Allows you to begin saving money to help pay for a child, grandchild, or any young person with higher education expenses.