Savings Accounts

Take advantage of the following benefits with your Statement Savings Account:

  • Direct Deposit
  • Account access through our 24-hour Telebanker
  • Interest-bearing Vacation and Christmas Club accounts

Contact one of our New Account Representatives to discuss opening this type of account today!

Your specific questions regarding a Savings Account can be handled by one of our New Account Representatives by contacting them at (606) 474-7811.

Click here for our office hours and locations


Rate Information:

This account is an interest bearing account, contact The Commercial Bank for annual percentage rate.


Balance Information:

We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principle in the account each day. You must maintain a minimum average daily balance of $100.00 to obtain the disclosed annual percentage yield. The average daily balance is calculated by adding the principle in the account for each day of the period and dividing that figure by the number of days in the period.



If your Account is a savings or money market deposit account, federal law requires that an Account Holder may make no more than six (6) transfers and/or withdrawals during any one (1) calendar month or statement cycle (the period from one statement to the next) or similar period of at least four weeks, to another of your accounts with us or to a third party by means of a preauthorized or automatic transfer, or telephonic (including data transmission) agreement, order or instruction or by check, draft, debit card, or similar order made by you and payable to third parties.  A “preauthorized transfer” includes any arrangement by us to pay a third party from your account upon written or oral instruction (including an order received through an automated clearing house (ACH) or any arrangement by us to pay a third party from your account at a predetermined time or on a fixed schedule.) 


Account Fees:

A service charge fee of $1.50 will be charged per month for the statement cycle if the balance in the account falls below $200.00 any day of the cycle. There is no minimum balance service charge fee for the first year, and there is no charge to minors. Six (6) withdrawals per statement cycle may be made without charge, additional withdrawals will be assessed an excess withdrawal fee of $5.00 each. If the account is closed within 180 days of opening, a $25.00 closing fee will be assessed.


Financial Tools

Here are some easy-to-use online calculators to help you solve some common financial problems.  Click Here to see additional Financial Tools & Calculators available.


Savings Calculators