Central State Bank’s
Money Maximizer/Liquidity Facility
Central
State Bank has developed several depository instruments that may be of
interest, either "ad hoc" or in support of a plan for investing
liquid assets. We have products which offer superior returns while maintaining
your flexibility for reinvestment.
The Money Maximizer is attractive for that purpose. Specific benefits include:
- Premium, cash-on-cash return with the flexibility to extend maturities, in whole or in part, thereby providing the investor time to identify and evaluate reinvestment alternatives which address longer term objectives.
- Maximize current returns on the investor's liquidity without principal risk, while maintaining flexibility to implement future investment decisions.
- Additional deposits, get our premium rates no matter the amount. We value your relationship and view additional deposits as part of that relationship.
- Create sufficient time and flexibility for an investor to develop, properly assess, and implement an investment strategy which meets intermediate and longer term objectives.
- Provide an investor access to low cost "bridge" funding for projected liquidity needs, if necessary, with the ability to tailor future repayment to projected liquid resources, long term reinvestment, and estate planning.
- When an investor has a funding need, CSB will create a new CD and allow borrowing up to 100% (if necessary) of the principal at a net cost of 2%. Proceeds are used to fund the aforementioned need.
- The CD backed loan can be retired, in whole or in part, at the investor's option depending upon timing and implementation of his longer term objectives. During the interim, the minimum payment is 2% annually on the remaining balance. As a result, the investor's broader strategy is implemented in a careful/thoughtful manner reflecting a thorough assessment of the alternatives.
- Finally, should rates continue to rise, the investor has the ability (with remaining liquid assets) to "lock in" longer maturities or rollover short term CDs and capture increasing yields while maintaining their flexibility - or accomplish both in balanced amounts.
| Maturity (Months) | Rate** | Annual Percentage Yield |
|---|---|---|
| Money Market* | 1.75 % | |
| Six | 2.20 | 2.21 |
| Nine | 2.30 | 2.32 |
| Twelve | 2.50 | 2.52 |
| Eighteen | 2.75 | 2.77 |
| Twenty-Four | 3.00 | 3.02 |
| Thirty-six | 3.15 | 3.17 |
| Forty-eight | 3.25 | 3.27 |
*Daily rate. This account allows up to six checks written per month.
**Rates for deposits above $1 Million to be negotiated.
Interest can be paid by check, direct deposit into another account, or added to principle.
