Save for your future.

Plan for future goals with one of our personal savings accounts. Choose convenient ways to earn interest and access your money in the future.

Statement Savings Account

• Interest compounded monthly.
• $100.00 Opening Deposit Required unless the account holder has an active Central Savings Bank Account (in good standing) or the account will have Direct Deposit or the account holder has a current Student ID.
• Overdraft/NSF Charge: A $25.00 overdraft fee will apply to any overdrafts created by, check, in person withdrawal or other electronic means.
• Other fees may apply; See Limits and Fees portion of “Important Information About Your Account” for further details.

Personal Money Market Account

Choose convenient ways to earn interest and access your money in the future. Statement Savings Account. Interest compounded monthly. $100.00 Opening Deposit Required unless the account holder has an active Central Savings Bank Account (in good standing) or the account will have Direct Deposit or the account holder has a current Student ID. Whether your savings goals are for your next car, the ability to take on home repairs, or a special vacation, the first step is having the right savings account for your needs. Central Bank offers a line of savings accounts to fit your saving style. Compare Savings. Central bank interest rate (%) Date of last change Average inflation rate 2013-2017 (%) by WB and IMF as in the List. Central bank interest rate minus average inflation rate (2013-2017) Central bank interest rate divided by average inflation rate (2013-2017) Albania: 1.00: 6 June 2016: 1.75 -0.75 0.57 Angola: 15.50: 24 May 2019: 17.54 -2.04 0.88. Savings Account Features. Our Business Savings, Central Money Market, Central Community Money Market and Business Money Market Sweep accounts cater to nonpersonal organizations and businesses. And every account comes with these great features: Earn variable rate of interest compounded daily on collected balances and paid monthly. The average yield on 1-year CDs dipped below 2 percent APY in 2002, Bankrate data shows. In 2009, after the financial crisis, the average 12-month CD paid less than 1 percent APY. Average rates on.

• Interest compounded monthly.
• No service charge if low balance for billing cycle is greater than $500.00.
• If the balance is less than $500.00 then the interest rate falls to regular NOW rate.
• Six checks are allowed per statement cycle.
• Unlimited withdrawals if made in person.
• $0.25 per debit and $5.00 per month maintenance charge if below minimum balance.

A Savings Account is very beneficial with multiple advantages as detailed below:

(1) Earns Interest on your Savings

This is the first and foremost benefit of opening a savings account. It starts earning interest on your money as soon as it is deposited. The interest rate is decided solely by the bank and changes from time to time. Regular interest depends upon the balance of the savings account.

Interest rate in savings account ranges from 3.5% to 7%.

(2) Provides Security of Funds

There is no risk involved in your savings account. It is considered as one of the safest investment alternatives. It even offers you the opportunity to put your money into another investment whenever the time comes.

(3) No Lock-in Period

There is no lock-in period under savings account which means that you can withdraw your deposits anytime you need. There is no need to keep your money in this account for any specific period. You have full flexibility in withdrawal of amount from it.

(4) Offers Liquidity

You can withdraw the amount anytime 24X7 with the use of ATM card or debit card from your account during any emergency even when the bank is closed. In fact, being able to access your money when you need it, is one of the biggest benefit of having a savings account.

(5) Availability of Variety of Savings Account

Many banks offer comprehensive range of savings accounts from regular to premium suiting to your personal banking needs. There are different types of savings accounts offered by various banks that differ based on the interest rates and duration of time commitments. You can choose any of them which suits your financial objectives and requirements.

(6) Services of Customer Relation Manager

Now-a-days many of the banks engage a Customer Relation Manager (CRM) who will help not only solve your queries but also assist you in tax saving, investment, mutual fund schemes, insurance, bank procedures, etc. You need to just call your CRM and he/ she will assist you solve your problem.

(7) Online Banking Facilities

If you maintain a savings account, you can make many transactions online also such as payment of bills, fund transfers using RTGS/ NEFT or IMPS, etc. This will save your time and efforts.

(8) Provides ATM/ Debit Card

You will be offered a debit or ATM card with a nominal charge or without any charges, as offered by your bank. With the help of this card, you can withdraw the funds, make transactions in shops, make payments of bills, etc.

(9) Helps you Get Credit or Loan

The relation you maintain with the bank will help you in getting credits from the bank such as home loan, personal loan. You will also be in a position to negotiate with the banker on the interest rates.

(10) No Cap on Deposits

There is no limit on the amount deposited and number of times it is deposited.

Central Pacific Bank Savings Account Interest Rate

(11) Facility to link Loan EMIs, Mutual Fund SIPs or RD deductions

Bank Savings Interest Rates

You get a facility to link your monthly loan EMIs, Mutual Fund SIPs or RD deductions through the savings bank account.

What Is The Current Interest Rate On Saving Bank Account

(12) Free Mobile App

Most of the banks provide their mobile app for free. Through this app, you can get to know your account balance, check your statement, make transactions, easy transfer of money, etc.