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Savings Accounts
Share Savings Accounts
Minimum balance $25.00. Three withdrawals per month without charge. Withdrawals over three per month at $2.00. Dividends are paid quarterly. Quarterly statement rendered.
Christmas Club Accounts
No minimum deposit. No service fees. No withdrawals allowed unless account is closed and all dividends earned are forfeited. Account matures either in October or November. At maturity, all principle and dividends transferred to Share Savings Account. Dividends paid quarterly.
Kid's Club
Kid's Club is for children ages 3 to 12. Promotes savings for our younger members and has incentives and prizes that will be given out during the year. The minimum deposit to start this account - $10.00. Members of the Kid's Club will receive Birthday Wishes from CPM Federal and can earn $1 for each A or B on their report cards.
Newborn Accounts
From birth to six months of age, CPM Federal will open a Share Savings Account and deposit the initial $25.00. Social Security number for child is required.
Senior Circuit Accounts
Package of services available to retired members, age 55 or older. Benefits include extra .25% on Share Certificates, Free travelers checks, Free cashier's checks and Free copy service.
Savings Account (Current as of Aug 19, 2009)
| Description | Balance | Dividend Rate | APY (Annual Percentage Yield) |
|---|---|---|---|
| Share (Savings) | $0.00 | 0.20% | 0.20% |
| Christmas Club | $0.00 | 0.20% | 0.20% |
$25.00 minimum balance is required to maintain a Share (savings) Account.. Rates listed above are subject to change after the account is opened. Certain fees may apply and may reduce earnings.
