cfsbank - Charleroi Federal Savings

Secure their financial future with accounts that are All Fun, and No Fees!

COINS ACCOUNT

Savings Account for Ages 5 and Up!
$5 Minimum to Open
No Monthly Minimum Balance Requirement
No Monthly Fees
Interest Bearing Account
Optional ATM Card
Free Online & Mobile Banking

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CASH ACCOUNT

Checking Account for Ages 10 and Up!
No Monthly Minimum Balance Requirement
No Monthly Fees
Optional Debit Card
Free Online & Mobile Banking
Apple, Google, and Samsung Pay Available

Minimum Balance Rate APY*
Coins Account 1.00% 1.00%
Rates Effective January 10, 2024

* Annual Percentage Yield

Rates subject to change without notice
Fees may reduce earnings
APY is accurate as of above date
Please call or visit one of our branch offices for further details

BALANCE BOOSTERS

$5 Bank Match at Account Opening When You Deposit At Least $5
Dollars for A’s | Earn up to $5 Per Grading Period
Referral Bonus | Tell Your Friends and Get $5 for Each Successful Referral
Financial Literacy Incentives
Use Round Up to Grow Your Savings Balance Faster
Parents Can Set Up Auto Transfer for Weekly or Monthly Allowance

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EDUCATION SAVINGS

  • Minimum opening amount of $100
  • Fixed rate terms of 1-6 years
  • Maximum contribution per year is $2000 for designated beneficiary under age 18
  • Contributions may be made by an individual whose modified adjusted gross income does not exceed certain levels
  • Can be used for K – 12, college or trade school

While contributions to an Education Savings Account are non-deductible, the earnings are tax-free and distributions are tax-free if used by the account beneficiary (designated student) for the qualified expenses of kindergarten through 12th grade, college or trade school.