CB&S Bank Review

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Updated on Friday, October 9, 2020

Headquartered in Russellville, Ala., CB&S Bank’s roots date back to 1906. Since then, it has grown from an institution with just $25,000 in capital to a sprawling bank network with $1.9 billion in assets. With a robust brick-and-mortar presence of more than 50 branches across Alabama, Mississippi and Tennessee, CB&S Bank offers an array of accounts for individuals and businesses.

While its services and products are only available in the states with bank branches, CB&S Bank is certainly worth considering for those located in the Southeast. Its product lineup includes everything from interest-bearing checking accounts to business money market accounts. Although CB&S Bank also offers a number of other financial products and services, this review focuses on its checking, savings and CD accounts.

CB&S Bank checking account options

Star account

A basic checking account featuring no monthly maintenance fees.
  • Minimum opening deposit: $50
  • Monthly account maintenance fee: None
  • ATM fee: $2.00 for withdrawals made at ATMs other than CB&S
  • ATM fee refund: None
  • Overdraft fee: $33.97

While this account might not reward you with interest or feature any bells and whistles, CB&S Bank’s Star checking account is worth a look if you’re in the market for basic checking with no monthly service fees. This account requires a minimum opening deposit of $50, and features unlimited check writing, a debit card and a free first order of personalized checks.

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on CB&S Bank’s secure website

Star Rewards account

An interest-bearing checking account with no monthly service fee.
  • Minimum opening deposit: $50
  • Monthly account maintenance fee: None
  • ATM fee: $2.00 for withdrawals made at ATMs other than CB&S
  • ATM fee refund: Unlimited domestic ATM fee refunds if monthly qualifications are met
  • Overdraft fee: $33.97

CB&S Bank’s Star Rewards account is a standout checking account that offers attractive features. These include automatic monthly refunds on ATM fees nationwide and a small amount of APY on funds (contact your local branch for current rates), as long as you meet the following monthly requirements:

  • 10 debit card transactions per qualification cycle
  • One direct deposit or ACH per qualification cycle
  • Must receive only electronic statements

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on CB&S Bank’s secure website

Prime Advantage account

A beefed-up interest-bearing account that rewards you with higher rates in exchange for paying a monthly service fee.
  • Minimum opening deposit: $50
  • Monthly account maintenance fee: $15.97 if balance falls below $10,000
  • ATM fee: $2.00 for withdrawals made at ATMs other than CB&S
  • ATM fee refund: None
  • Overdraft fee: $33.97

The Prime Advantage account from CB&S Bank is a different type of account that rewards depositors with higher rates on their balances. However, there is also a monthly service charge of $15.97 if your balance falls below $10,000.

Depending on your average daily balance, you could earn an APY that’s equivalent to a percentage of the Wall Street Journal Prime rate. Additionally, this account offers $10,000 in accidental death and dismemberment insurance, unlimited check writing and no issue fee for cashier’s checks.

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on CB&S Bank’s secure website

All About U student account

A checking account exclusively designed for people between the ages of 15 and 24.
  • Minimum opening deposit: $25
  • Monthly account maintenance fee: None
  • ATM fee: $2.00 for withdrawals made at ATMs other than CB&S
  • ATM fee refund: Up to $20 per statement cycle
  • Overdraft fee: $33.97

This account is exclusively available for those aged 15 to 24. It offers special features including a $25 signing bonus with eStatement enrollment, a free order of personalized checks and the option to link to a parent’s account. CB&S bank will also refund up to five non-ATM fees per year.

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on CB&S Bank’s secure website

Golden Customer Club account

A free checking account exclusively designed for customers over the age of 50.
  • Minimum opening deposit: $100
  • Monthly account maintenance fee: $7.97 if balance falls below $100
  • ATM fee: $2.00 for withdrawals made at ATMs other than CB&S
  • ATM fee refund: None
  • Overdraft fee: $33.97

The Golden Customer Club account is a free checking account available to people 50 years and older — as long as you keep a minimum balance of at least $100. Other features include interest on balances of at least $1,000, no issue fee for cashier’s checks, free personalized checks, $100,000 in common carrier accidental death and dismemberment insurance and select travel and entertainment benefits.

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on CB&S Bank’s secure website

CB&S Bank savings account options

Star Savings account

A standard savings account with a low monthly service fee.
  • Minimum opening deposit: None
  • Monthly account maintenance fee: $4.97 if balance falls below $50

The CB&S Bank Star Savings account is a good option if you’re looking for a standard savings account that gets the job done, but you don’t want to face a large opening deposit requirement. The Star Savings account does not charge a monthly service fee if you keep your balance above $50 and allows for three free withdrawals per month. For those with balances of at least $2,500, you’ll be allowed to make six withdrawals per month for free — with a balance under that amount, there may be a fee for additional withdrawals, ranging from $3.97 to $4.97.

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on CB&S Bank’s secure website

Star Rewards Savings Account

A savings account with higher interest rates, designed for those with bigger balances to deposit.
  • Minimum opening deposit: $50,000
  • Monthly account maintenance fee: $4.97 if balance falls below $50

If you have a large stash of cash you’re ready to set aside in savings, the Star Rewards Savings account might be a good fit for you. It requires you to make and maintain a hefty $50,000 minimum deposit, but doles out a higher interest rate in return (you’ll need to check with your local branch for rates). You’ll also need to be enrolled in Star Rewards, which requires you to:

  • Make 10 debit card transactions per qualification cycle
  • Make one direct deposit or ACH per qualification cycle
  • Must receive only electronic statements

Like the Star Savings account, the Star Rewards Savings account gives you three free withdrawals per month — or six for those with balances of at least $2,500 — with additional withdrawals costing from $3.97 to $4.97 each.

SEE DETAILS Secured

on CB&S Bank’s secure website

Super Star Savers Club Account

A savings account designed exclusively for children up to 17 years old.
  • Minimum opening deposit: $25
  • Monthly account maintenance fee: $3.97 if balance falls below $2,500

The Super Star Savers Club account is a savings account for kids up to the age of 17 (note that an adult must sign onto the account with the minor). Once the account holder turns 18, this account automatically converts to the Star Savings account. The Super Star Savers Club boasts features like three free withdrawals per month (for balances less than $2,500, additional withdrawals are charged a fee of $3.97 to $4.97 each), a $5 birthday bonus and a free t-shirt and membership card.

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on CB&S Bank’s secure website

Christmas Club and Vacation Club Savings Accounts

An installment savings account for those aiming to save for a specific goal by either the holiday season or the vacation season.
  • Minimum opening deposit: None
  • Monthly account maintenance fee: None

CB&S Bank’s Christmas Club and Vacation Club account are installment savings accounts that allow you to make automatic transfers from your CB&S checking account so you can save up for the holidays or a vacation. To incentivize saving, this account pays out an interest rate annually, and charges an early withdrawal penalty of $15.97.

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on CB&S Bank’s secure website

Insured Money Fund Account

A money market savings account that offers a variable rate of interest based on the balance in your account.
  • Minimum opening deposit: $50
  • Monthly account maintenance fee: $10.97 if your account balance falls below $2,500

The Insured Money Fund account is essentially CB&S Bank’s money market account for individuals. This account offers interest if you maintain an average daily balance of $1,000 or more, unlimited ATM withdrawals and unlimited deposits. Six withdrawals or transfers are allowed per month with this account, and the bank charges a $3.97 fee for any additional ones.

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on CB&S Bank’s secure website

CB&S Bank CDs

An array of certificates of deposits at varying term lengths, up to 60 months.
  • Minimum opening deposit: $1,000
  • Account maintenance fees: None

CB&S Bank offers an array of CDs with different interest rates and maturities to meet your individual needs. Maturities are as long as 60 months and there is a minimum opening deposit of $1,000 for its CDs. There are no monthly service fees for its CDs, but early withdrawal penalties do apply. CB&S does not list those penalties online, so be sure to inquire about them when you set up your CD.

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on CB&S Bank’s secure website

CB&S Bank business checking accounts

Free Business Checking Account

A free checking account designed for small businesses, sole proprietorships and startups.
  • Minimum opening deposit: $50
  • Monthly account maintenance fee: None

CB&S Bank’s Free Business Checking account is a good option for small businesses, sole proprietorships and startups, as it charges no monthly service fees and requires no minimum opening deposit or balance. It also features up to the first 200 transactions for free, but then charges $0.25 per item after that. This business checking account features a free night deposit bag and unlimited ATM usage at any CB&S Bank. You can also get special rates on CDs and a 0.25% discount on CB&S loans if you pay with autopay.

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on CB&S Bank’s secure website

Business Premium Checking Account

A business checking account for growing businesses with higher volume and bigger balances.
  • Minimum opening deposit: $50
  • Monthly account maintenance fee: $15.97 if balance falls below $5,000

The Business Premium Checking account is a step up from the Free Business Checking account, as it offers an increased amount of 500 free transactions ($0.25 per transaction after 500). However, you’ll need to maintain a minimum of $5,000 if you want to avoid the $15.97 monthly fee.

Additional features included with the Business Premium Checking account include discounts and deals on the bank’s other business products, as well as unlimited ATM usage at any CB&S Bank.

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on CB&S Bank’s secure website

Business Analysis Checking Account

A robust business checking account featuring unlimited free transactions.
  • Minimum opening deposit: None
  • Monthly account maintenance fee: $14.97

The Business Analysis Checking account is a robust checking account that offers unlimited free transactions, as well as an earnings credit allowance that can lower the cost of its monthly service fee. This account also stands out because you can link it to other cash management services. As with the bank’s other business checking accounts, you can get boosted CD rates and discounts on loans via your business checking account.

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on CB&S Bank’s secure website

Business Interest Checking Account

An interest-bearing business checking account for sole proprietorships, nonprofits and certain government entities.
  • Minimum opening deposit: $50
  • Monthly account maintenance fee: $7.97 if balance falls below $1,000

This interest-bearing account is available to sole proprietorships, nonprofits and certain government entities. It features no monthly service fee (unless your balance falls below $1,000) and unlimited check writing. The account offers an APY, but you’ll need to contact your local branch to find out what those rates are.

SEE DETAILS Secured

on CB&S Bank’s secure website

Business Prime Advantage Account

A beefed-up interest-bearing account for sole proprietorships, nonprofits and certain government entities.
  • Minimum opening deposit: $50
  • Monthly account maintenance fee: $15.97 if balance falls below $10,000

Similar to its Prime Advantage account for individuals, the Business Prime Advantage account features a tiered rate structure, rewarding depositors with different rates depending on the balance in their account. Rates are based on the Wall Street Journal Prime rate and the percentage you can earn depends on your balance. This account is available to sole proprietorships, nonprofits and certain government entities.

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on CB&S Bank’s secure website

Business Workplace Advantage Account

A suite of banking services employers can offer to their employees, through CB&S Bank.
  • Minimum opening deposit: None
  • Monthly account maintenance fee: None

If you’re an employer looking for a suite of banking services that you can offer to your employees, consider a Business Workplace Advantage account with CB&S Bank. This account features a package of banking services that employers can provide for their employees, including (but not limited to) Star checking and savings accounts, safe deposit boxes, retirement plan reviews and more.

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on CB&S Bank’s secure website

CB&S Bank business savings accounts

Business Savings Account

A standard business savings account offering the basics for low fees.
  • Minimum opening deposit: None
  • Monthly account maintenance fee: $4.97 if balance falls below $50

If you’re looking for a bare bones business savings account, consider CB&S Bank’s Business Savings account, as it waives its $4.97 monthly service fee if you maintain a balance of just $50. This account also allows for three free withdrawals per month, but if your balance falls below $2,500, each additional withdrawal or debit will cost you a fee of $3.97 to $4.97. It also supports customizable automatic transfers from your CB&S Bank checking account.

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on CB&S Bank’s secure website

Business Advantage Money Market Account

A business money market account offering variable interest rates on accounts with big balances.
  • Minimum opening deposit: $50
  • Monthly account maintenance fee: $15.97 if balance falls below $50,000

Maximize your money with the Business Advantage Money Market account, which rewards you with a variable interest rate on balances of $50,000 or more. This account also stands out for offering unlimited deposits and unlimited ATM withdrawals. Additionally, this account features one free sweep (auto-transfer) per month — with each sweep costing $5.97 thereafter — as well as six free withdrawals per month, with each withdrawal costing $3.97 thereafter.

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on CB&S Bank’s secure website

Is CB&S Bank right for you?

CB&S offers a variety of deposit accounts for individuals and businesses in three states. While its menu of accounts can certainly be a good thing — choice is generally good for the consumer — the sheer number of products offered can be dizzying, especially as many of the features each account offers overlap.

If you’re looking for a simplified checking or savings account with higher interest rates, you may be better off looking elsewhere. However, if you value a bank network with a strong brick-and-mortar presence — especially in an era where physical branches are vanishing more and more — CB&S Bank likely has the account you’re looking for.

Any rates and fees mentioned in the article are accurate as of the date of publishing.

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