Personal Banking

 

 

 

Certificates of Deposit

A Central Bank Certificate of Deposit is a possibility for those who want to earn a higher rate for a fixed period of time with the confidence of not losing their principle investment. Choose from a variety of terms from 30-days to 5-years. Call or stop by for current rates on certificates of deposit.

Interest can be compounded and credited back into your CD or be paid directly to you on a monthly, quarterly, semi-annual or annual basis. You will enjoy added income without touching your principle. FDIC Insured.

Contact Us for full details.

Deposit Rates
 

Certificate of Deposit Account Registry Service (CDARS®)

Do you have over $250,000 and are worried about FDIC insurance? CDARS is the answer to your worries and gives you the convenience of one-stop shopping. You deal with ONE bank, ONE rate and ONE statement. It is the easiest, most convenient way to enjoy full FDIC insurance on deposit amounts larger than $250,000.

Contact Us for full details.

 

Individual Retirement Account (IRA)

An IRA is a plan set up for the benefit of one person to save for retirement. The participant must have earned income and file a tax return. The earnings are tax deferred or tax free depending on the plan type.

Central Bank and Trust Co. offers Traditional, Roth, and Simplified Employee Pension Plans (SEPs).

Contact Us for full details.

Deposit Rates

 

Health Savings Account (HSA)

Health Savings Accounts (HSAs) were created by Congress to combat rising medical costs by providing an incentive for more consumers to pay "first-dollar" medical expenses. HSAs are tax-favored accounts designed to help individuals who are covered by high deductible health plans pay medical expenses for themselves, their spouses, and their dependents.

HSAs are available to individuals covered by a high deductible health plan (HDHP) regardless of whether they are self-employed or employed by a small employer, and regardless of whether their employer maintains the HDHP.

HSAs can provide significant tax benefits. Not only can they provide tax benefits related to paying qualified medical expenses, they may also serve as additional income for retirement.

Contact Us for full details.

Truth in Savings Disclosure
Deposit Rates