We are increasing the amount we make available for withdrawal by checks not subject to next day availability from $200 to $225. In addition, the amount available for withdrawal on longer exception holds for large deposits, new accounts and accounts with repeated overdrafts, increases from $5000 to $5,525.
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities, Federal Law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
What this means for you: When you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.
| Account Types | Advantage Club Age 50+ | Advantage Club Under Age 50 | Super Now | 50+ Interest Checking | Simple Checking |
|---|---|---|---|---|---|
Account Types Unlimited Check Writing | Advantage Club Age 50+ yes | Advantage Club Under Age 50 yes | Super Now yes | 50+ Interest Checking yes | Simple Checking yes |
Account Types | Advantage Club Age 50+ yes | Advantage Club Under Age 50 yes | Super Now yes | 50+ Interest Checking yes | Simple Checking yes |
Account Types VISA® Instant Issue Chip Debit Card1 | Advantage Club Age 50+ yes | Advantage Club Under Age 50 yes | Super Now yes | 50+ Interest Checking yes | Simple Checking yes |
Account Types VISA® Debit Card Fraud Protection2
| Advantage Club Age 50+ yes | Advantage Club Under Age 50 yes | Super Now yes | 50+ Interest Checking yes | Simple Checking yes |
Account Types Free Transactions at Bank of Cadiz ATMs | Advantage Club Age 50+ yes | Advantage Club Under Age 50 yes | Super Now yes | 50+ Interest Checking yes | Simple Checking yes |
Account Types Mobile and Text Banking3 | Advantage Club Age 50+ yes | Advantage Club Under Age 50 yes | Super Now yes | 50+ Interest Checking yes | Simple Checking yes |
Account Types Email and Text Alerts | Advantage Club Age 50+ yes | Advantage Club Under Age 50 yes | Super Now yes | 50+ Interest Checking yes | Simple Checking yes |
Account Types E-Statements with Check Images4 | Advantage Club Age 50+ yes | Advantage Club Under Age 50 yes | Super Now yes | 50+ Interest Checking yes | Simple Checking yes |
Account Types 24 Hour Telephone Banking | Advantage Club Age 50+ yes | Advantage Club Under Age 50 yes | Super Now yes | 50+ Interest Checking yes | Simple Checking yes |
Account Types Accidental Death Insurance5 | Advantage Club Age 50+ yes | Advantage Club Under Age 50 yes | Super Now no | 50+ Interest Checking no | Simple Checking no |
Account Types Common Carrier Insurance 5 | Advantage Club Age 50+ yes | Advantage Club Under Age 50 yes | Super Now no | 50+ Interest Checking no | Simple Checking no |
Account Types | Advantage Club Age 50+ yes | Advantage Club Under Age 50 yes | Super Now no | 50+ Interest Checking no | Simple Checking no |
Account Types Free First Order of Checks | Advantage Club Age 50+ yes | Advantage Club Under Age 50 yes | Super Now no | 50+ Interest Checking no | Simple Checking no |
Account Types Free First Year on New Safe Deposit Box6
| Advantage Club Age 50+ yes | Advantage Club Under Age 50 yes | Super Now no | 50+ Interest Checking no | Simple Checking no |
Account Types Free Cashier's Checks | Advantage Club Age 50+ yes | Advantage Club Under Age 50 yes | Super Now no | 50+ Interest Checking no | Simple Checking no |
Account Types Earns Interest | Advantage Club Age 50+ yes | Advantage Club Under Age 50 no | Super Now yes | 50+ Interest Checking yes | Simple Checking no |
Account Types No Minimum Balance Requirements | Advantage Club Age 50+ yes | Advantage Club Under Age 50 yes | Super Now no | 50+ Interest Checking yes | Simple Checking yes |
Account Types Monthly Fee | Advantage Club Age 50+ $5.00 | Advantage Club Under Age 50 $8.00 | Super Now $10.00 | 50+ Interest Checking $0.00 | Simple Checking $0.00 |
Account Types To Avoid Monthly Fee | Advantage Club Age 50+ | Advantage Club Under Age 50 | Super Now Maintain a balance of $2,000+ | 50+ Interest Checking | Simple Checking |
1 VISA® Instant Issue Chip Debit Card Fee of $10.00.
2 VISA® Chip Debit Card Fraud Protection – Standard internet service and text messaging rates may apply.
3 Mobile & Text Banking – Standard internet service and text messaging rates may apply. Mobile Check Deposit Available – $1.00 per deposit;
4 Paper Statements with check images are available for a monthly fee of $3.00.
5 This product is Not a Deposit – Not FDIC Insured – Not Insured by any Federal Government Agency – Not Guaranteed by the Bank.
6 Size restrictions and locations will vary
Please contact any of the following for current rates or to obtain information on any of the above accounts: info@bankofcadiz.com
Discount For Age 50 and Over:
¹ Insurance products are Not a Deposit – Not a FDIC Insured – Not Insured by any Federal Government Agency – Not Guaranteed by the Bank
² Size restrictions and locations will vary
Whether you’re saving for a large purchase, a child’s future or just tucking money away for a rainy day, our Savings Account is just right. An opening deposit of $100 gets you started.
The Money Management Account offers a competitive tiered interest rate. The higher your balance, the higher rate of interest you earn. An opening deposit of$100 is required for this account.
Are you trying to save for your holiday shopping? A Christmas Club is great for tucking away money for a special project or shopping trip. Save throughout the year and the funds will be automatically deposited into your checking or savings account in October. A minimum opening deposit for this account is $2.
Certificates of Deposit are a great way to get a better rate of return on your money. Bank of Cadiz & Trust Co. offers competitive rates on all terms of certificates from 3 months to 5 years. A minimum deposit of $500 is required on a term of one year or more and $2,500 for a term of less than one year. Monthly checks can be issued on certificates of $10,000 or more. A penalty is imposed if any part of the principal is withdrawn before the maturity date.
Looking for a way to keep large deposits safe? Ask us about CDARS®. It’s a great solution for: businesses • nonprofit organizations • public funds managers • trustees • financial advisors
•individuals & bull credit unions • IRAs
With CDARS, you can access FDIC protection on multi-million dollar CD investments through BANK OF CADIZ & TRUST CO. There are few guarantees in life – FDIC insurance is one of them. CDARS can be a valuable cash management or longer-term investment tool for you.¹
Why CDARS?
It’s one-stop shopping. With help from CDARS, you can access:
Safety – Your money can access multi-million dollar FDIC insurance coverage.
Convenience – You work directly with us. You earn one interest rate and receive one regular statement, and one year-end tax form.
Community Investment – The full value of your money can support lending opportunities in your local community.²
CD-Level Rates – Your money earns CD-level returns which may compare favorably with other investment alternatives, including Treasuries, corporate sweep accounts, and money market funds.
How does CDARS work?
We are a member of a special network. When you place a large amount with us, we place your funds into CDs issued by other banks in the same network – in increments of less than $100,000 – so that both principal and interest are eligible for complete FDIC protection. As a result, you can receive coverage from many banks while working with just one.
These exchanges, which occur on a dollar-for-dollar basis, can bring the full amount of your original deposit back to our bank. As a result, we can make the full amount of your deposit available for community lending purposes.²
What else should I know?
Now, you no longer have to spend time managing multiple bank relationships, administering various interest rates, organizing interest disbursements from various sources, or manually consolidating monthly statements. This reduces your administrative burden, especially during tax and financial reporting seasons.
And with CDARS, you can eliminate the need to monitor changing collateral values – another time saving convenience.
Of course, your confidential account information remains protected.
Ask us about how CDARS can work for you the next time you visit one of our branches, or email info@bankofcadiz.com for more information.
1 Funds may be submitted for placement only after a depositor enters into the CDARS Deposit Placement Agreement with Bank of Cadiz & Trust Co. The agreement contains important information and conditions regarding the placement of funds by us.
2 This benefit applies to some, but not all types of CDARS transactions. Let us know if this benefit is important to you, so that we can explain the relevant terms and conditions in more detail.
CDARS is a registered service mark of Promontory Interfinancial Network, LLC.
Individual Retirement Accounts (IRAs) are personal retirement savings plans. Individuals with earned income are eligible to open an IRA account. Interest earned on this account may be tax-deferred until withdrawn. Contributions may or may not be tax-deferred, depending on your individual circumstances. IRAs can be opened with an initial deposit of $100. Additional deposits of$25 or more can be made at any time. There are no annual fees.
You tell us what type of IRA you need and we will help design the investment plan that is right for you. Our available IRA plans include:
Please contact any of the following for current rates or to obtain information on any of the above accounts. You may contact us or call toll free 866.554.6066.
Choosing the right card is easier than ever.
No matter which card you choose, you’ll enjoy important features like:
You can check your credit card balance, pay your bill, view your credit card statement, and check other account details by clicking here:
MasterCard prepaid card is issued by MetaBank®, Member FDIC pursuant to license by MasterCard International Incorporated. MasterCard is a registered trademark of MasterCard International Incorporated.
At times, unanticipated expenses, unforeseen circumstances or even a bookkeeping error can leave you with too little cash in your checking account. Having a check returned due to insufficient funds can be a frustrating, embarrassing and costly experience.
What You Need to Know About Overdrafts and Overdraft Fees
An overdraft occurs when you do not have enough funds in your account to cover a transaction but we pay it anyway. We can cover your overdrafts in two different ways:
Standard Overdraft Review Process:
We do authorize and pay overdrafts for the following types of transactions:
We do not authorize and pay overdrafts for the following types of transactions unless you ask us to:
We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction. If we do not authorize and pay an overdraft your transaction will be declined.
What fees will I be charged if Bank of Cadiz & Trust Co. pays my overdraft?
What if I want the Bank of Cadiz & Trust Co. to authorize and pay overdrafts on my ATM card and everyday debit card transactions?
Contact any of our offices:
Cadiz Main Office: 270-522-6066 | Lakota Dr. Office: 270-522-0450
Hopkinsville Office: 270-885-3211 | Murray Office: 270-759-4852
Please contact any of the following for current rates or to obtain information on any of the above accounts. You may contact us or call toll free 866.554.6066.
Cadiz:
270.522.6066
270.522.0450
Hopkinsville:
270.885.3211
Murray:
270.759.4852