BUSINESS STATEMENT SAVINGS
CERTIFICATES OF DEPOSIT (CDs)
SEP - SIMPLIFIED EMPLOYEE PENSION

Business savings account for all business types; interest-bearing; accessible by Teller window or ATM

FEATURES

• Earns interest at competitive rate
• Interest calculated daily, compounded and paid quarterly
• A statement of account activity is provided; can be combined with a checking account activity and other statement savings accounts for one, easy-to-read statement  
• Unlimited over-the-counter transactions
• Automatic transfers available into other CNB deposit accounts; also available for loan and/or safe deposit payments
• Ready access to funds when needed  
• 24-hour availability: ATM, Tele-Banking, and Internet Banking
• FDIC insured
  
  Stop by your local CNB office for complete details!

(Top of Page) 

These instruments earn interest; for individuals and businesses; they are issued for a specific term at a higher interest rate than regular savings accounts.

FEATURES

• Customer chooses the CD's maturity (3 mo. to 48 mo.)
• Rates vary according to maturity 
• Rate is fixed for term of deposit 
• No additional deposits are permitted to original instrument 
• Interest is compounded daily 
• Interest can be paid monthly, quarterly or semi-annually based on certificate amount 
• Interest can be paid by check or reinvested or paid to another CNB deposit account 
• You receive a maturity notice, at the end of the term
• Earn a higher rate of interest than a regular savings account Select a maturity that meets your specific investment needs  
• Account is FDIC insured
  
  Stop by your local CNB office for complete details!

(Top of Page)

A retirement plan established by an employer; a written agreement that allows an employer to make deductible contributions for the benefit of participating employees.

FEATURES

• Simplest type available for businesses
• Available to sole propretors and partnerships, even if there are no employees
• Requires minimal reporting and disclosure
• Contributions of a certain percentage of an eligible employee's compensation can be made directly to the employee's traditional IRA
• Potential income tax savings; dollars contributed on behalf of yourself and your employees, within regulated limits, are generally deductible as a business expense
• Employees are immediately 100% vested with their tax deferred allocation
• Investment earnings grow tax deferred until withdrawn 
• FDIC insured 

          Stop by your local CNB office for complete details!

(Top of Page)