Claremont Savings Bank: A Comprehensive Guide to Your Financial Well-being

Introduction

Established in 1929, Claremont Savings Bank has emerged as a leading provider of financial services in New Hampshire. With its commitment to customer satisfaction and financial empowerment, Claremont Savings Bank has consistently been recognized for its exceptional offerings in banking, mortgages, and investments.

Banking Services

Claremont Savings Bank offers a wide range of banking services designed to meet the needs of its customers. These include:

Checking Accounts: Claremont Savings Bank offers several checking account options, including:

• Free Checking: No monthly service fees with a minimum balance of $100.
• Interest Checking: Earn interest on your account with a higher minimum balance requirement.
• Premier Checking: A premium checking account with additional perks and benefits.

Savings Accounts: Claremont Savings Bank offers various savings accounts, such as:

• Passbook Savings: A traditional savings account with no monthly fees.
• Money Market Accounts: A high-yield savings account that offers higher interest rates but limits withdrawals.
• Certificates of Deposit (CDs): A long-term savings account that guarantees a fixed interest rate.

Online and Mobile Banking: Claremont Savings Bank's online and mobile banking platforms provide convenient access to your accounts 24/7. Customers can check balances, transfer funds, pay bills, and deposit checks remotely.

Mortgage Services

Claremont Savings Bank is renowned for its mortgage services, offering competitive rates and tailored lending solutions. Its mortgage products include:

• Conventional Loans: These loans conform to guidelines established by Fannie Mae and Freddie Mac.
• FHA Loans: Backed by the Federal Housing Administration, these loans require lower down payments and more flexible credit requirements.
• VA Loans: Available to eligible veterans and active-duty military members, these loans offer no down payment options.
• Jumbo Loans: Designed for homes above predefined loan limits, these loans typically require higher down payments and credit scores.

Investment Services

Claremont Investment Services (CIS), a division of Claremont Savings Bank, provides comprehensive investment solutions tailored to your financial goals. CIS offers:

• Investment Management: Personalized investment portfolios managed by experienced professionals.
• Financial Planning: Guidance on retirement planning, asset allocation, and risk management.
• Trust and Estate Services: Administration of trusts and estate planning to preserve and transfer wealth.

Why Choose Claremont Savings Bank?

Claremont Savings Bank stands out from the competition for several reasons:

• Local Expertise: As a community bank, Claremont Savings Bank has a deep understanding of the local market and the needs of its customers.
• Excellent Customer Service: The bank is committed to providing personalized service, earning high marks for its customer satisfaction ratings.
• Financial Stability: Claremont Savings Bank is well-capitalized and has consistently maintained strong financial ratings.
• Investment in the Community: The bank actively supports local organizations and initiatives, demonstrating its commitment to the community it serves.

Benefits of Banking with Claremont Savings Bank

Choosing Claremont Savings Bank offers numerous benefits, including:

• Competitive Interest Rates: The bank offers competitive rates on deposits and loans, helping customers maximize their savings and minimize borrowing costs.
• Innovative Products and Services: Claremont Savings Bank constantly evolves its offerings to meet the changing needs of its customers.
• Convenience: With numerous branches and online/mobile banking options, Claremont Savings Bank makes banking convenient and accessible.
• Peace of Mind: The bank's strong financial stability and commitment to customer satisfaction provide peace of mind for its customers.

Common Mistakes to Avoid When Banking with Claremont Savings Bank

• Not Comparing Rates: Failing to compare interest rates on deposits and loans with other financial institutions can lead to missed opportunities for greater returns or lower borrowing costs.
• Overdraft Fees: Avoid overdraft fees by carefully managing your checking account balance.
• Ignoring Account Fees: Ensure you are aware of any monthly service fees or other charges associated with your accounts.
• Not Taking Advantage of Online/Mobile Banking: Leveraging online/mobile banking can save time and increase convenience.
• Borrowing More Than You Can Afford: Always assess your financial situation before taking out a loan to avoid overwhelming debt obligations.

Step-by-Step Approach to Opening an Account

Opening an account with Claremont Savings Bank is a straightforward process:

1. Choose an Account: Select the account type that best suits your needs (checking, savings, etc.).
2. Complete an Application: Provide personal information, identification, and any necessary documentation.
3. Make an Initial Deposit: Fund your account with the required minimum amount.
4. Receive Your Account Details: You will receive an account number and other important information.
5. Start Using Your Account: Access your account online, via mobile app, or visit a branch.

Call to Action

Take control of your financial future with Claremont Savings Bank. Visit one of our branches, contact us online, or call 1-800-242-7669 to experience the benefits of banking with a trusted and dedicated financial institution.