Savings & CDs
CBC Savings Accounts

Your financial well-being begins with a great Savings account. You can open a Savings account at CBC with only $25 and earn modest dividends. To watch your Savings grow even faster, however, we offer many other types of accounts designed to make your money work for you.

Choose the Right Savings for You

  • Savings Account

    A basic CBC Savings account comes with your membership and can help you achieve financial stability. It only takes $25 to open the account and you can begin to earn modest dividends on balances of $100 or more. All of our Savings accounts including our basic Savings are insured to at least $250,000*.

    Open An Account Online

    *Account balance must always remain at $25 or above for account to remain open.

    **For your protection, our deposit accounts are insured to at least $250,000 by the National Credit Union Administration, an agency of the federal government.

  • Certificates

    With a CBC Term Share and SmartSaver Certificate, you will have a set interest rate for the term of your choice. This means that you can perfectly tailor yours to suit your savings goals.

    Term Share Certificates

    CBC Term Share Certificates earn dividends at higher rates than savings accounts. Here is a look at some of the other great benefits:

    • Terms from 6 months to 5 years
    • Low $500 minimum deposit to open
    • Easy to open online, in a branch or over the phone
    • Insured to at least $250,000*

    SmartSaver Certificates

    Open a SmartSaver Certificate with as little as $100. This high-yield, 12-month CD that makes it easy to save. You can add funds at any time up to $1,000 balance.

    To find our latest rates on Share Certificates, visit our Deposit Rates Page.

    Open A Certificate Online

    *Minimum deposit of $100. Membership eligibility required. Limit one SmartSaver Certificate per member. Rates and conditions subject to change without notice. Penalty for early withdrawal. For your protection, our deposit accounts are insured to at least $250,000 by the National Credit Union Administration, an agency of the federal government.

  • Health Savings Account

    Instead of letting medical expenses put you in financial trouble, get ahead of the curve with a Health Savings Account. Some of the benefits include:

    • Save for future medical expenses while earning dividends
    • Save on health insurance premiums by switching to higher deductible plan
    • Save on your taxes†
    • No "use it or lose it" rules
    • Keep your HSA even if you change jobs or insurance
    • Insured to at least $250,000*

    Take a look at our latest Deposit Rates to see if the Health Savings Account is right for you.

    To learn more about opening an HSA, please visit a branch near you or call us at (805) 988-2151.

    † Please consult your tax advisor.

    * For your protection, our deposit accounts are insured to at least $250,000 by the National Credit Union Administration, an agency of the federal government.

  • Coverdell Education Savings Account (ESA)

    Looking to save for college? The Coverdell ESA can help families prepare and pay for education. Benefits include:

    • Save money for your child or grandchild's education
    • Set up as a Certificate or Savings account
    • Same rates as Traditional or Roth IRA
    • Non-deductible contributions up to $2,000 per child
    • Insured to at least $250,000*

    We recommend you consult your tax advisor for tax-deductibility questions on IRA and ESA contributions.

No matter what you’re saving for, CBC has a solution that fits your needs. If you’re interested in one of the above accounts, open an account online today, visit a branch near you or give us a call and let a representative help you choose the perfect account for you!