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Power Invest Account
For all customers who have direct deposit or debit into any Community First Bank account.
Initial Deposit Requirement: $100
| Monthly Minimum Balance | Monthly Maintenance Fee |
$1,000 or more |
$0 |
$0 to $999 |
$15 |
You are limited to six (6) transfers from your account each monthly statement cycle, and only three (3) of these transfers may be by check or other transfers to third parties. A fee of $4.00 per transfer will be assessed for excess transactions.
If your account is closed before interest is credited, accrued interest is not paid.
The interest rate paid will be based on tiered account balance levels - the higher the balance - the higher the interest rate.
Interest rates are subject to change at the discretion of the bank. Click here to review current rates or refer to the rate sheets available in the bank lobby.
Note: Interest is paid on "Collected Balances" only, and the simple daily interest is compounded monthly.
Inactive Account Fee
An inactive account fee of $3 per quarter will be assessed when the account is inactive for 2 years through 5 years.
Dormant Account Fee
A dormant account fee of $3.00 per month will be assessed when inactive for more than 5 years.
Early Closure Fee
If this account is closed six months or less after opening, an early closure fee will $15.00 will be assessed.
Call today (618)234-9500. We look forward to being of service to you!
Interest Rate Tiered at |
$0 to $ 9,999 |
$10,000 to $ 24,999 |
$25,000 to $149,999 |
$150,000 or more |
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