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PERSONAL SAVINGS

Save for what matters most

Whether you're building an emergency fund, saving for a special purchase, planning for the holidays, or investing in your future, we're here to help you reach your goals with savings solutions designed around your life.

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Personal Savings Products

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Regular Savings

A simple savings account designed to help you save for whatever comes next.

  • No monthly service fee
  • No minimum balance requirement
  • 6 debit transactions included per monthly statement cycle

  • Debit card available (ATM access only)

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Christmas & All-Purpose Clubs

Whether you're preparing for holiday shopping, vacations, birthdays, or other planned expenses, this account makes it easy to save a little throughout the year.

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PAUTMA Savings

Our Youth Savings Account, established as a Pennsylvania Uniform Transfers to Minors Act (PA-UTMA) account with a custodian, helps young savers learn the value of saving while building toward their future.

  • No monthly service fee
  • No minimum balance requirement
  • Designed for minors with an adult custodian
Certificates of Deposit

Saving for Tomorrow Starts Today

Whether you're planning for a major purchase, building long-term savings, or simply looking to earn more on your money, our Certificates of Deposit offer secure, flexible options to help you reach your goals.

  •  Fixed Rate CD – Lock in your interest rate for the full term

  • Variable Rate CD – Earn interest with the flexibility to make additional deposits and make one penalty-free withdrawal each quarter

  • Jumbo CD – Designed for larger balances with premium fixed rates & $100,000 minimum balance
See Rates
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Individual Retirement Accounts

Saving for your Future

Whether retirement is years away or just around the corner, an Individual Retirement Account (IRA) can help you save with confidence while taking advantage of potential tax benefits.

  • Traditional IRA - Save for retirement while potentially reducing your taxable income today.

  • Roth IRA - Build tax-free retirement income by contributing after-tax dollars today.

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Savings Made Simpler

The right tools can help you stay on track and make reaching your savings goals even easier.

Direct Deposit

Grow your savings automatically by depositing a portion of every paycheck.

Automatic Transfers

Set up recurring transfers and make saving part of your routine.

Online & Mobile Banking

Track your progress, transfer funds, and manage your savings anytime.

E-statements

Access your account information when you need it.

Overdraft Protection

Link your savings account to your Central Penn Bank checking account for added peace of mind.

ATM Access

Conveniently access your savings account with a debit card at any Central Penn Bank ATM or a MoneyPass® ATM surcharge free.

Frequently Asked Questions

Can I open a savings account or IRA online?

Regular Savings accounts can be opened online for your convenience. Youth Savings, Custodial (PA-UTMA), Christmas & All-Purpose Club Savings accounts, and IRAs require assistance from a member of our team to ensure the account is opened correctly and all applicable requirements are met.

What is the difference between a Traditional and a Roth IRA?

Both Traditional and Roth IRAs offer tax advantages for retirement savings, but they differ in how and when those tax benefits apply. Because everyone's financial situation is unique, we recommend consulting your tax advisor to determine which option is right for you.

What is the difference between a Fixed Rate CD, Variable Rate CD, and Jumbo CD?

All of our Certificates of Deposit are secure, FDIC-insured ways to grow your savings, but each offers different benefits:

  • Fixed Rate CD: Lock in your interest rate for the full term, with multiple interest payment options available.

  • Variable Rate CD: Features an interest rate that may change quarterly based on market conditions, allows additional deposits throughout the term, and includes one penalty-free withdrawal per calendar quarter.

  • Jumbo CD: Designed for larger balances, requiring a $100,000 minimum deposit and offering premium fixed interest rates for the selected term.

Our team can help you compare your options and choose the Certificate of Deposit that best fits your financial goals.

When will I receive funds from my Club Savings Account?

Christmas Club funds are automatically distributed each October, just in time for holiday shopping. All-Purpose Club funds are distributed at the end of the club term. Our team will provide the exact payout schedule when you open your account.

Are my deposits FDIC insured?

Yes. Eligible deposit accounts at Central Penn Bank & Trust, including Savings Accounts, Certificates of Deposit, and IRA deposit accounts, are insured by the FDIC up to the maximum amount allowed by law.

Your Goals. Your Future.

Every savings goal starts with a single step. Whether you prefer to open your account online or talk with a member of our team, we're here to help you build your future with confidence.

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