Centennial Bank of the West offers some of the most competitive interest rates in the entire country. That's why people from throughout the United States are relying on us to grow their savings. 

Time Certificate of Deposit
An investment that pays a fixed rate with a set maturity date. 

Our Time Certificate of Deposit has the following features: 

• $1,000.00 opening deposit
• Interest compounded daily and can be paid by check or deposit, or compounded to CD 
• Fixed rate interest rates 
• TCD's can be used as collateral for a loan 
• Early withdrawal penalty 
• Tiered rates based on deposit amount and term 
• Current deposit rates 

Individual Retirement Account
Individual saving today as a way to secure your financial future. 

Our Traditional I.R.A. Account has the following features: 

• $500.00 minimum opening deposit
• Contribution limit is the lesser of $2,000.00 or 100% compensation per year per person
• Anyone under age 70½ with earned income is eligible 
• Transfer at any time; may be subject to penalty 
• Rollover funds and redeposit within 60 days, once a year 
• May withdraw or cash at age 59½ 
• 1-6 year, fixed rate terms available 
• No maintenance or set-up fee 

• $500 minimum opening deposit 
• Contribution limit is the lesser of $2,000 or 100% of compensation 
• No age 70½ limit for contributions 
• No required minimum distribution at age 70½ 
• Money contributed has already been taxed 
• Tax deferred earnings become tax free after 5 years - certain conditions apply 
• Money from Traditional IRAs can rollover to Roth IRA 
• Current deposit rates 

• $500 minimum opening deposit 
• $500 aggregate contribution allowed per child per year 
• Qualified higher education distributions from an Education IRA are penalty free and tax free 
• Annual contributions to the Education IRA are non-deductible 
• Some restrictions apply 

Regular Savings
Our interest-bearing, non-checking account for adults. Minimum to open is $50.00. 

Our Regular Savings Account has these features: 

• No service charge if you maintain a balance of $300.00
• Service fee: Withdrawal or transfer in excess of six (6) per quarter is $.50
• Interest compounded daily*
• Statement quarterly
• Minimum balance of $25.00 required to remain open and a $1.00 monthly service charge is a minimum balance falls below $300.00
• ATM card $12.00 annual fee assessed at $1.00 per month
• Current deposit rates 
  *Interest compounded daily and credited monthly on average collected balances

Minor Savings
A free interest-bearing account in a minor's name and social security number ( a minor is under 18) that is set up with a parent as legal guardian.

Our Minor Savings Account has these features: 

• · No minimum balance required
• · No minimum to open
• · Interest compounded daily, paid quarterly*
• · Statement quarterly 
• · Service fee: Withdrawal or transfer in excess of six (6) per quarter is $.50
• Current deposit rates 
  *Interest compounded daily and credited monthly on average collected balances

Business Savings
This interest-bearing account for businesses helps them put aside money for the future. Minimum to open is $50.00.

Our Business Savings Account has these features: 

• Service fee: Withdrawal or transfer in excess of six (6) per quarter is $.50 each
• Interest compounded daily, paid quarterly*
• Statement quarterly
• Minimum balance of $25.00 to remain open
• Current deposit rates 
  *Interest is paid on average collected balances

Benefits