*Subject to credit approval.
**Subject to approval.
(1) Specific account terms. Traditional. A monthly maintenance fee will be imposed on every statement date if the minimum daily balance in the account for the statement period falls below $500. With check image safekeeping $8. With check images returned $10. Tax owner of account 55 years and older or 21 years and younger $0.
e-ssentials. A monthly maintenance fee will be charged on every statement date in accordance with the following: with direct deposit AND e-statement - $0, with direct deposit OR e-statement - $3, no direct deposit or e-statement - $8. For each check over 15 processed monthly, there will be a per check charge of $.50.
Optimum. A monthly maintenance fee of $21.50 will be imposed on every statement date if the following balance requirements are not met. A minimum outstanding Freddie Mac Mortgage balance of $150,000, or a minimum combined balance in CNB accounts for the statement period of $20,000. The combined balance for the Optimum account is the average daily balance in checking, savings, money market, certificates of deposit, and Basic Business Checking; and the outstanding balance for auto loans, CNB in-house mortgage loans, personal loans, home equity loans or lines of credit, a Wealth Management, or a Canandaigua National Trust of Florida, or other eligible investment account relationship.
Balances will be combined based on the Tax Owner for the Optimum Account and any qualified, related account(s) in which they are either a Tax Owner or Non-Tax Owner.
Minimum daily balance is the principal in the account for each day of the period.
The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.
Consumer loan discount of .50% with recurring automatic loan payment from a CNB personal Optimum Checking Account; Consumer loan discount of .25% with recurring automatic loan payment from a CNB personal checking account. Loan discount is based on the qualified personal checking account where the account holder has either a Tax Owner or Non-Tax Owner
relationship and is a borrower/co-signer/guarantor on the applicable loan. Discount does not apply to Savings Account or CD Secured Loans, Airplane Loans, Time Notes, Chexmate Overdraft Lines of Credit, Wealth Lines of Credit or loans originated by the CNB Mortgage Company. Loan discounts limited to one discount per loan and will be applied at the time the recurring automatic loan payment is established and will be based on the account type from which it is drawn. The Loan discounts will not be modified after original discount
is applied, with the exception of adjustable-rate products.
(2) Consumer mortgages only with CNB Mortgage Company. Must be first lien position mortgage on the accountholder's primary residence.
(3) Investments are not bank deposits, are not obligations of, or guaranteed by Canandaigua National Bank & Trust, and are not FDIC insured. Investments are subject to investment risks, including possible loss of principal amount invested.
(†) Our e-ssentials plan with direct deposit meets the NYS Basic Banking Account requirements for our communities.