Collinsville Building and Loan

Deposit Services Offered

Deposit Customer Service – When you call us during business hours, you will always speak to a person – not a series of prompts and recorded messages. We are dedicated, friendly, and committed to serving our customers and community!

Deposit Services Offered:

eStatements

Go Green by enrolling in eStatements today!

  • Free– Enrolling in eStatements is free and easy!
  • Convenient – eStatements are available to print or download to your computer at your convenience. No more waiting for your statement in the mail!

Bill Pay

Convenient.  Free.  Reliable.

  • Payment– Pay almost all of your bills from our website.  You can even schedule single, recurring or future-dated payments!
  • Notifications– You can sign up to receive reminders of your bill activity.
  • Free– Our Bill Pay is free, meaning we won’t charge you to pay your bills online.  Plus, you’ll save money on stamps, envelopes, and checks!
  • Secure– Bill Pay is completely secure, so you’ll have ease of mind that your payment will arrive on time and won’t be lost in the mail.

Swipe & Save Program

Swipe. Save. Repeat.

How does it work? It’s as easy as 1, 2, 3! First enroll your debit card in Swipe & Save. Next, use your debit card like you normally would. For each transaction, we will round up the amount to the next whole dollar and transfer the spare change to your savings account. Watch your savings grow as easy as 1, 2, 3!

 

ACCOUNTS:

SAVINGS ACCOUNTS:

Statement Savings Accounts: (CLICK HERE FOR RATES)
Start saving for your future today!

  • Low Minimum Deposit to Open and Maintain– For only $10 minimum balance and no fees, open a savings account for your future today.
  • Transactions – Our savings account allows unlimited deposits and up to six transfer or withdrawals per month.
  • Statements – We will provide a monthly or quarterly statement (depending on your account activity) free of charge.  You can also go green and enroll in eSatements (your transaction information is available on-line if you choose to view it.

Certificate of Deposit: (CLICK HERE FOR RATES)
From 91 days to 72 months, we have the term to fit your needs!

  • Minimum Balance – Our Certificates of Deposit have terms available with opening balance requirements as low as $500.
  • Interest Compounded Daily – Our Certificates of Deposit with terms greater than 182 days provide interest that compounds daily to maximize your return.
  • Consideration of the Unexpected – Our Certificates of Deposit withdrawal penalties are waived for withdrawal requests to nursing homes (just provide proper documentation).

Individual Retirement Accounts:(CLICK HERE FOR RATES)
Secure your future with our no fee IRA

  • Traditional and ROTH IRAs – We offer both Traditional and ROTH IRAs to fit your retirement needs.
  • Fee Free – There are no transfer or annual maintenance fees on our IRAs.
  • CD Based – Our IRAs are funded with Certificates of Deposit so you can keep your retirement safe with a low-risk investment.
  • Minimum Balance – Our IRA Certificates of Deposit have terms available with opening balance requirements as low as $500.
  • Interest Compounded Daily – Our IRA Certificates of Deposit with terms greater than 182 days provide interest that compounds daily to maximize your return.
  • Add-On Feature – Take advantage of the interest rates you are already earning and add your eligible annual contribution into an existing IRA CD once per calendar year.

CHECKING ACCOUNTS: (CLICK HERE FOR RATES)

Simply Free Checking:
Simplify your life; Open a Simply Free Checking Account today!

  • No Monthly Maintenance Fee – Our Simply Free Checking account has no monthly maintenance fee.
  • Fee-Free ATM/Debit Card – Our Simply Free Checking allows unlimited transactions with thousands of retailers and ATMs. CB&L will reimburse your checking account for foreign ATM fees that you incur up to a total of $10 per statement cycle (statement cycle is the period of time covered by each monthly statement).
  • Low Minimum Deposit to Open – Our Simply Free Checking requires only $50 to open and has no minimum balance requirements thereafter.
  • Monthly Statements – We provide your monthly statement and imaged checks for no extra fee (and your transaction information is available on-line if you choose to view it). You can also go green by enrolling in eStatements!
  • Student Friendly— Students, show us your valid high school or college ID and receive basic checks for FREE! (Other check fees vary by style and quantity ordered)

First Class Senior Checking:
Calling all customers 55 and over – We have an account just for you!

  • No Monthly Maintenance Fee – Our First Class Senior Checking account has no monthly maintenance fee.
  • Fee-Free ATM/Debit Card – Our First Class Senior Checking allows unlimited transactions with thousands of retailers and ATMs. CB&L will reimburse your checking account for foreign ATM fees that you incur up to a total of $10 per statement cycle (statement cycle is the period of time covered by each monthly statement).
  • Free Checks — Our First Class Senior Checking comes with free basic checks (single box order).
  • Low Minimum Deposit to Open – Our First Class Senior Checking requires only $100 to open and has no minimum balance requirements thereafter.
  • Interest Earning – Our First Class Senior Checking offers these features as you earn interest. The interest rates are tiered so the higher the balance the higher the earnings.
  • Monthly Statements – We provide your monthly paper statement and imaged checks for no extra fee (and your transaction information is available on-line if you choose to view it).

NOW Account:
Just good checking – plain and simple! NOW is the time to open a new checking account

  • Low Monthly Maintenance Fee – Our NOW Account has only a $5 monthly maintenance fee if your balance falls below $500 any day during your statement cycle.
  • Fee-Free ATM/Debit Card – Our NOW Account allows unlimited transactions with thousands of retailers and ATMs. CB&L will reimburse your checking account for foreign ATM fees that you incur up to a total of $10 per statement cycle (statement cycle is the period of time covered by each monthly statement).
  • Low Minimum Deposit to Open – Our NOW Account requires only $500 to open.
  • Interest Earning – Our NOW Account offers these features as you earn interest. The interest rates are tiered so the higher the balance the higher the earnings.  A minimum of $100 must be maintained to earn stated Annual Percentage Yield (APY).
  • Monthly Statements – We provide your monthly paper statement and imaged checks for no extra fee (and your transaction information is available on-line if you choose to view it).

Classic MMDA Account:
Looking for a way to save, with some checking options?  This is your account!

  • Transactions – Our Classic MMDA allows unlimited deposits and up to six third-party withdrawals per statement cycle (statement cycle is the period of time covered by each monthly statement).
  • Interest Earning – Our Classic MMDA Account offers these features as you earn interest. The interest rates are tiered so the higher the balance, the higher the earnings.
  • Monthly Statements – We provide your monthly paper statement and imaged checks for no extra fee (and your transaction information is available on-line if you choose to view it).