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Milestone Club Account

Have a special savings goal in mind? Our Milestone Club account will help you stay on track and keep your focus on what matters most.

Milestone Club Accounts for Our PA and NY Customers

  • Easy to Open
    Start saving anytime with an opening deposit of any size.
  • Endless opportunities
    Save for anything - holidays, vacation, new wardrobe, home improvements, etc.
  • Earn competitive interest rates
    Our rates are structured to help you maximize your savings.


Benefits of a Milestone Club Account

When you want to stay on track with your savings, a Milestone Club account helps you move toward your goals and stay focused on what matters most. You can open one today with any amount.

  • Choose the month you want your savings transferred to your checking account, savings account or external deposit account at maturity.
  • Deposits can be made at a C&N office, electronically through digital banking, by ACH from an external deposit account or through weekly, biweekly or monthly automatic transfer from another C&N check or savings account you own.
  • Make one partial withdrawal during the 12-month period at no charge. Additional withdrawals prior to maturity will be assessed a $10 fee per withdrawal.


Requirements 

  • Accounts mature on the 15th day of the month selected by you.
  • Any withdrawal of principal within six days of any previous withdrawal will result in a seven-day interest penalty based on the current interest rate and amount withdrawn. 
  • Fees may reduce earnings on this account. 

 

FAQs

Q. Can I make withdrawals whenever I would like?
A. You are allowed one partial withdrawal to be made at a C&N branch during the 12-month term.

Q. Do I earn interest on my Milestone Club account?
A. Yes, you will earn interest on balances $0.01 and greater. Interest is calculated daily and paid at the annual payout. 

Q. How can I get my payout?
A. At maturity, the annual payout can be credited to a C&N checking or savings account, or to an external deposit account by ACH.
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