Money Market and Savings
Saving for the future or for a special purchase is an important part of your personal financial planning. The Cobb Community Bank offers several options to assist you in reaching financial goals including short-term and long-term investments.
Personal Money Market Account
Our Personal Money Market accounts earn a competitive rate of interest. Federal regulations limit third party or pre-authorized transfers to 6 per statement cycle, of which only 3 may be made by check or draft.
- No maintenance fee with a $2,500 minimum daily balance
- $8 maintenance fee if applicable
- Interest will be compounded daily on collected balances of $1,000 or more
- Interest will be credited to your account monthly
- $10.00 will be charged for each withdrawal in excess of 6 during a statement cycle
The Personal Money Market Account is tiered to reward high balances with a premium rate of interest.
- Tier I $1,000 to $9,999
- Tier II $10,000 to $24,999
- Tier III $25,000 to $49,999
- Tier IV $50,000 to $99,999
- Tier V $100,000 and up
Statement Savings Account
The Statement Savings Account pays a competitive interest rate and you receive a statement each month. Statement Savings Account transactions are limited to two per month.
- No monthly maintenance fee with a daily balance above $100
- $3 maintenance fee will be charged if the balance falls below $100
- A fee of $3 will be charged for each withdrawal in excess of two (2) per month
- Interest will be compounded daily and credited to your account monthly
- Unlimited deposits
