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Your Deposit Accounts

Checking and Savings Accounts

Your checking and savings accounts will automatically be transferred to Horizon on December 3, 2016. The terms, fees and conditions of your accounts will remain unchanged. There will be no need for action on your part, unless you find a Horizon account that you believe better serves your needs. If so, let us know and we’ll move you into that account, often without needing to change your existing account number.

Account Numbers:  Your account numbers will remain the same.

Checks: The checks and deposit slips you currently have are still valid so keep using them. When it is time to reorder new checks and deposit slips, you may order online or contact your local branch. 

Statements: You will continue to receive your account statements as usual – most of them on the same date as your existing statement closing date. Your final statement from CNB&T,detailing activity through December 2nd, will be mailed to you shortly after that date.

Certificates of Deposit and Individual Retirement Accounts

The account numbers on your existing Certificates of Deposit and Individual Retirement Accounts will remain the same. In addition, the rates and terms on these accounts will be honored until they mature. Within 30 days prior to the maturity date of your account, you will receive a renewal notice that outlines the date your account is maturing, balance of your account at renewal, terms and conditions, including any penalties for early withdrawal.

 

Deposits - Frequently Asked Questions

Will my account numbers stay the same?

Yes, your account numbers will remain the same.

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Will the benefits and fees on my accounts change?

We anticipate the change will be minimal as we will honor your existing accounts and their terms and maintenance fees. If there are any changes, we will notify you in advance.  The fees you pay for other services like stop payments, wire transfers, etc may change and will go into effect on March 1, 2017.

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Will I have to order new checks?

No. The checks and deposit slips you currently have are still valid so keep using them. When it is time to reorder new checks simply order online or contact your local branch.

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Will I have to change the routing number on my direct deposits?

No. Your direct deposits will continue as is with no action required on your part.

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Will my account statements change?

The look of your statements will change; however, you will continue to receive your account statements as usual – most of them on the same date as your existing statement closing date. Your final statement from Central National Bank & Trust, detailing activity through December 2nd, will be mailed to you shortly after that date.

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Will interest rates on my deposit accounts, CDs or IRAs change?

Interest rates on contractual agreements like certificates of deposit and IRAs will remain the same in accordance with the terms of the original agreements. Horizon monitors interest rates regularly to ensure all accounts earn and/or receive a competitive interest rate. Those deposit products with variable rate pricing would be subject to change dependent upon the current competitive interest rate environment.

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