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Services
We offer a full array of accounts and services to meet all of your needs -- checking, savings, certificates of deposit, individual retirement accounts, loans, and many other services.
| Checking |
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We offer a wide range of checking accounts to meet your needs -- from interest-earning accounts to those with no monthly service charge. A convenient monthly statement is produced for each type of account and, upon request, most are eligible for an ATM or debit card that has no maintenance fees or monthly charges assessed by CGSB.
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| Basic Checking - No monthly fees if you maintain a $100 balance and no more than 15 checks clear your account each month. Special checks available at no charge.
Regular Checking Commercial Accounts - The perfect account for a business -- small or large corporations, partnerships, or sole proprietors. Receive balance credit against service charges, monthly statements, and sequenced checks. The monthly maintenance fee is $5.00 with a per check charge of $.15 and a per item deposit charge of $.05. You will receive a $.10 credit for each $100 average balance applied toward the service charge. So, for instance, a customer who writes 30 checks per month, deposits 20 items, and maintains an average balance of $2,000 pays a monthly service charge of $8.50.
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NOW Accounts - This type of account is available to individuals, sole proprietors, and most non-profit organizations. It pays interest on the average daily balance. You must maintain a minimum average daily balance of $1,000 to obtain the disclosed annual percentage yield. With this account, there is a monthly maintenance fee of $5.00 and a $.15 charge for each check paid after the first 30 checks per month. The monthly maintenance fee will not be assessed if the average monthly balance is greater than $1,000.
Senior NOW Accounts - For our special citizens over 60. No monthly charge, and you can earn interest when you maintain a minimum average daily balance of $1,000. Special checks available at no charge.
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| Savings |
| We offer a variety of savings accounts to meet your needs -- from club accounts to statement or passbook savings -- with little or no fees. Start saving now! |
| Passbook and Statement Savings - Start a savings plan for the future with a Passbook or Statement Savings Account. Deposit as much as you want, whenever you want. Your money will earn a competitive rate of interest. It's always fun to look at your account and watch your savings grow! There are absolutely no service charges, and you will earn the full rate of interest on a minimum balance of $10.00
Tax Club and Vacation Accounts - Whether you need to save for a recurring need, or for that dream vacation, our club accounts make saving easy!
Try the deposit calculator to find out how quickly your savings will grow.
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Money Market Accounts - Pay no monthly service charge if you maintain a balance above $1,000. Higher balances earn higher rates. Plus, you can access your account by check up to 3 times a statement cycle.
Christmas Club Accounts - Avoid the Christmas Bill Blues by saving ahead. Open a Christmas Club Account now and put away as little as $1 per week. Come next October you'll be shopping with glee (and interest)!
Set up an automatic transfer to any savings account and make saving easy.
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| Certificates of Deposit |
Secure your investments safely with a CD. Unlike the stock market, your interest rate is guaranteed, and they are risk-free and insured by the FDIC up to $100,000.00. For as little as $500 you can make your funds grow faster than in a regular savings account. Our Certificates of Deposit offer you various ways to invest small or large amounts of money. You choose the length of term you want -- from 30 days to 5 years or more -- and we will offer you a competitive rate of interest on your funds.
Our CDARSSM program means you can safely invest more than $100,000 (up to $10 million) in CDs that are fully FDIC-insured, offer rates that compare favorably with those of other high-quality, fixed income investments AND have the convenience of one bank, one interest rate and one monthly statement.
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| Individual Retirement Accounts (IRAs) |
| Savings for education or retirement should begin very early. Coverdell Education Savings Accounts and 529 plans will help with education while Traditional and ROTH IRAs help provide for your retirement.
We offer Traditional IRAs, ROTH IRAs and Coverdell Education Savings Accounts. We can transfer your existing IRA funds from another institution and we will help you complete rollovers from a 401K or other qualified plan.
You don't have to make the maximum contribution at once. Our IRA Savings Account allows you to make weekly or monthly deposits in an amount you can afford. Or we can transfer any amount you want directly from your checking or savings account here at the bank to your IRA. Remember, too, regulations have changed.. You may be able to contribute more to a retirement account. Call us for more information.
When the time comes to start taking funds from your IRA, we will notify you and establish an automatic distribution schedule that works for you: monthly, quarterly, semi-annually or annually. We can send you a check or deposit the funds directly into your checking or savings account.
We will do our best to make your education or retirement account work for you from beginning to end.
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| Loans |
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We have loan programs to satisfy all your needs—from real estate loans to business loans, student loans, personal loans or vehicle loans. Experienced knowledgeable people provide local decision-making to handle your needs efficiently, whatever they are. See for yourself.
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Mortgage Loans - Looking to make a move to your new home or lower the payments on your existing home? Or does a vacation retreat spark your imagination? Either way, we have several mortgage plans to please your budget.
Home Equity Loans - College, vacation, bill consolidation, whatever worthwhile purpose you choose, we have terms to match your needs.
Personal Loans - Insulate your attic, finish off your cellar -- be sure to check out all your options at CGSB. We offer both secured and unsecured loans, depending on your eligibility and re-payment terms.
Automobile Loans - Looking to go somewhere but lack a good set of wheels? Find out how easily you can slip into a new or used car or truck with our vehicle loans.
Recreational Loans - Do you enjoy camping? Boating? Snowmobiling? Come see how easy it might be to fulfill your dreams of leisure.
Residential Construction Loans - Our one loan application package means at closing you can purchase your lot, build your home and obtain permanent financing for your mortgage. No application fee, timely decision-making, expeditious disbursement of funds and full disclosure of all costs.
Try the loan calculator to get an estimate of your monthly payments.
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Commercial Real Estate Loans - Whether for the purpose of business real estate, construction of a new building, or the re-financing of existing property, CGSB has competitive programs available for up to 20 years. Rates and terms on real estate loans are generally based upon the borrower's financial condition and the term to maturity of the request.
Business Loans - For the business owner in need of funding for working capital, business expansion, or equipment purchases, our business loans can be tailored to meet your needs. These loans are typically secured with business assets or personal assets but may be available on an unsecured basis. Rates and terms on fully secured loans are generally more favorable than unsecured loans and may be improved through credit enhancements, such as Small Business Administration (SBA) or Business Finance Authority (BFA) guarantees.
Lines of Credit - For the business that has seasonal inventory build-up requirements or needs to support receivables, our commercial lines of credit are just the financing needed to get your company over a temporary cash flow shortage. The typical line is usually secured by receivables and/or inventory and requires 30 day out periods annually. Rates and renewal fees are based on collateral and financial condition.
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| Other Services |
| See what else CGSB has going for you. Whether it's a safe deposit box, travelers checks, or wire transfers -- to name a few -- we are here to serve all your banking needs. |
| ATM Cards - This card is generally used for cash withdrawals. Any checking or statement savings account may be attached to this card. You may transfer funds from one account to another.
Cash Advances - If you are short on cash and need to make an advance from your credit card, we can accommodate your needs.
Direct Deposit - Did you know that most employers offer the convenience of having your payroll check directly deposited in an account of your choice? And don't forget that your Social Security benefits can be directly deposited too. Call us for more information or ask your employer.
Foreign Currency - When traveling outside the USA, sometimes it is convenient to have some currency of the country you are visiting. If you notify us several days in advance we can accommodate you.
Savings Bonds - A great safe way to save. Buying bonds regularly is one of the easiest ways to invest as little as $25. Invest today for education or retirement with tax advantages, too.
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Safe Deposit Boxes - Enjoy the convenience and peace of mind of safe deposit boxes for the storage of your valuables. We offer a variety of box sizes, sure to meet your needs. You may access your box during business hours. You should note that the bank does not insure the contents of the box, so you may wish to obtain your own insurance.
Telebank - With Telebank you can access your accounts 24 hours a day, 7 days a week, for transfers, balance inquires, and an update on transactions that have cleared.
Travelers Checks - Visa Travelers Cheques offer you safety and peace of mind if they are lost or stolen, and they are accepted virtually the same as cash worldwide. The convenience of cash without the risk.
Visa Debit Card - This card may be used for cash withdrawals and purchases, similar to a credit card but purchases are charged to the primary account. The primary account attached to this card must be a checking account.
Wire Transfers - If you need to transfer funds and need availability right away, then a wire may be your answer. Generally we must have instructions before noon and they must be in writing.
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