Skip Navigation Documents in Portable Document Format (PDF) require Adobe Acrobat Reader 5.0 or higher to view, download Adobe® Acrobat Reader.
Savings Header Image

Personal Savings

OUR SAVINGS OPTIONS SIDE-BY-SIDE

At CICB, we make saving easy.

We know that different people have different needs when it comes to savings accounts. That's why we offer a variety of options, so you can bank the way you want to.

Compare Statement Savings Passbook Savings Youth Savings Student Savings Lease Security Savings
Minimum Deposit to Open $100.00 $100.00 $10.00 $10.00 $100.00
Minimum Balance Fee $1.50 monthly fee if daily balance falls below $100.00 $1.50 monthly fee if daily balance falls below $100.00 None None None
Interest Rate Begins to Accrue On the business day you deposit non-cash items (i.e. checks) On the business day you deposit non-cash items (i.e. checks) On the business day you deposit non-cash items (i.e. checks) On the business day you deposit non-cash items (i.e. checks) On the business day you deposit non-cash items (i.e. checks)
Frequency of Compounding Compounded daily, credited monthly Compounded daily, credited monthly Compounded daily, credited monthly Compounded daily, credited monthly Compounded daily, credited monthly
Minimum Daily Balance to Obtain Stated Annual Percentage Yield $100.00 $100.00
None None $100.00
Requirements 18+
to apply
18+
to apply
Newborn-4
to apply
5-17
to apply*
18+
to apply
CICB Contribution to Account None None $10.00 $10.00**
None

Holiday/Vacation Club Accounts

  • You must deposit $1.00, $2.00, $5.00, $10.00, or $25.00 to open account. 
  • Interest-bearing account
  • Deposits made via transfers from other accounts
  • Checks / Disbursements are distributed at set point in April (Vacation) or October (Holiday) based on balance of account.
  • This is a perpetual account; it does not get closed-out once disbursement occurs. 
  • Cannot be used as an overdraft protection product.



Other Details

Closing account before interest is credited will forfeit the accrued interest.

Fees may reduce earnings.

You may make 6 withdrawal(s) from your account every statement cycle. Transactions include:

Pre-authorized transfers, automatic transfers, telephone or fax transfers, internet banking service, debit card or other similar third party transactions.

Any additional withdrawal transaction will incur a fee of $25.00 per transaction.

* Parent or Guardian must have a CICB deposit account in good standing or open a deposit account prior to opening Student Savings account.

**This account can be linked to CICB Excellence Program. Please see a bank representative for details or visit our "CICB Spotlight Page.

Checking Footer Image

AT CICB, WE MAKE
CHECKING EASY.

We know that different people have different needs when it comes to checking accounts.
Take a look at our Checking Options
side by side.