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local decisions

Savings Accounts

 

Investing in your future is a decision you can feel good about.  From financing your child's education to planning for early retirement, it's an opportunity you can't afford to ignore.  It's never too late to start saving today to have an even greater tomorrow.

Money Jar

Regular Savings

  • FREE Online Banking.
  • FREE ATM Card.
  • FREE Monthly Statements.
  • FREE telephone transfers from account to account.
  • $50 minimum to open account.
  • Interest is compounded quarterly and paid quarterly.
  • NO monthly service charge.
  • Unlimited withdrawals in person.
  • No more than six pre-authorized withdrawals per month.
  • The interest rate and annual percentage yield (APY) may change on these accounts quarterly.
  • CFB Pricing Schedule

Money Market (tiered)

  • FREE Online Banking.
  • FREE ATM Card.
  • FREE Monthly Statements.
  • FREE telephone transfers from account to account.
  • $50 minimum to open account.
  • Interest is compounded monthly and paid monthly.
  • NO monthly service charge.
  • Unlimited withdrawals in person.
  • No more than six pre-authorized withdrawals per month.
  • The interest rate and annual percentage yield (APY) may change on these accounts quarterly.
  • CFB Pricing Schedule
  • Minimum Balance to Earn Annual Percentage Yield (APY)  Tier 1:           $0.01 - $2,499.99
                                                                                                   Tier 2:    $2,500.00 - $9,999.99
                                                                                                   Tier 3:                     $10,000.00+ 

Health Savings Account

  • FREE Monthly Statements.
  • $50 minimum to open account.
  • Interest is compounded quarterly and paid quarterly.
  • No monthly service charge.
  • The interest rate and annual percentage yield (APY) may change on these accounts at any time.
  • Customer must be covered under a High Deductible Health Insurance Plan.
  • Money is used for qualified medical expenses as allowed by specified regulations.

 

 

  

Ladysmith Branch

 

Cumberland Federal Bank

NOW OPEN IN LADYSMITH!


Cumberland Federal Bank is pleased to be a part of the Ladysmith community. With over 85 years of serving the Cumberland area, Cumberland Federal Bank looks forward to supporting the thriving commercial small business enterprises, community organizations and families that call Ladysmith home. Located at 312 W. 9th Street, North, Cumberland Federal Bank is a full service bank providing commercial banking services and traditional banking products with friendly exceptional service. Cumberland Federal Bank is now open Ladysmith to serve you.

 

 

 

 

 

 

 

New Scam Alert

There is a new scam involving online banking transfers. Fraudsters transfer money between accounts, then call pretending they need a refund. They ask money to be wired out. Be diligent in checking all of your accounts and ask bank personnel any questions. Watch for red flags such as: asking you to lie to bank personnel, saying they will give you money for your trouble, the person had no reason to give you money. Educate yourself: click on Education Center and Money IQ for information regarding scams.