Interest Rates - Effective September 1,2011
Rewards Checking
| Balance | Interest Rate | APY* |
|---|---|---|
| $0.01 to $24,999.99** | 1.99% | 2.01% |
| $25,000 to 9,999,999.99** | 0.50% | 0.50% |
| Entire balance If qualifications are not met** | 0.10% | 0.10% |
**Minimum to open account is $100. Annual Percentage Yield (APY) accurate as of 9/01/2011. Rate tiers are as follows: 2.01% APY applies to balances of $0.01 - $24,999 and 0.50% APY applies to balances of $25,000 and over if qualifications are met each monthly qualification cycle. Aggregate balance of $25,000 or more will have a blended interest rate on the monthly statement. 0.10% APY applies to all balances if monthly qualifications are not met. All balances will earn 2.01% APY – 0.50% APY if monthly qualifications are met. Rates may change any time after the account is opened. Fees may reduce earnings. Qualifying transactions must post and clear the account during the monthly qualification cycle. ATM withdrawals do not count as qualifying transactions. Transactions may take one or more business days from the transaction date to post to an account from the date the transaction is made. Intra-bank transfers do not count as qualifying ACH transactions. Only one Rewards Checking account per customer. Available on personal accounts only. ATM Fee reimbursements provided only if qualifications are met within the monthly qualification cycle.
Personal Checking
| Account | Interest Rate | APY* |
|---|---|---|
| Low Minimum Interest Checking | 0.10% | 0.10% |
| VIP Interest Checking | 0.10% | 0.10% |
| 50+ Interest Checking | 0.10% | 0.10% |
| Wall Street Checking - deposits of $0.01-$2499 | 0.10% | 0.10% |
| Wall Street Checking - deposits of $2500 or more | 0.85% | 0.85% |
*Annual Percentage Yield
The interest rate on the checking accounts can change at anytime. Click on the account name above for more details, including minimum opening deposit.
Business Checking
| Account | Interest Rate | APY* |
|---|---|---|
| Business Interest Checking | 0.10% | 0.10% |
| Commercial Checking | 0.00% | 0.00% |
| Free Business Checking | 0.00% | 0.00% |
*Annual Percentage Yield
Savings
| Account | Interest Rate | APY* |
|---|---|---|
| Statement Savings | 0.15% | 0.15% |
| KA$H | 0.15% | 0.15% |
| Premier Money Management | 0.00% | 0.00% |
*Annual Percentage Yield
The savings account interest rate can change at anytime. Click on the account name above for more details, including minimum opening deposit.
Money Market ( Personal and Business )
| Balance | Interest Rate | APY* |
|---|---|---|
| $1,000 to $24,999.99 | 0.30% | 0.30% |
| $25,000 to $49,999.99 | 0.50% | 0.50% |
| $50,000 and above | 0.70% | 0.70% |
*Annual Percentage Yield
The money market interest rate can change at anytime and does have limited withdrawals. Click on the account name above for more details, including minimum opening deposit.
Certificates of Deposit (Minimum Deposit Requirement = $500) ¹
| Type | Interest Rate | APY* |
|---|---|---|
| 30 Days | 0.35% | 0.35% |
| 90 Days | 0.35% | 0.35% |
| 6 Months | 0.50% | 0.50% |
| 1 Year | 0.60% | 0.60% |
| 2 Years | 0.80% | 0.80% |
| 3 Years | 0.80% | 0.80% |
| 4 Years | 0.80% | 0.80% |
*Annual Percentage Yield
Rate Watcher CD's (Minimum Deposit Requirement = $5,000) ¹ ²
| Type | Interest Rate | APY* |
|---|---|---|
| 15 Months | 0.70% | 0.70% |
| 27 Months | 0.80% | 0.80% |
*Annual Percentage Yield
CDARS (Certificate of Deposit Account Registry Service) ³
| Maturity | Interest Rate | APY* | Interest Rate | APY* | Interest Rate | APY* |
|---|---|---|---|---|---|---|
| $25,000 to $49,999 | $50,000 to $99,999 | $100,000 and above | ||||
| 4-weeks | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 13-weeks | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 26-weeks | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 52-weeks | 0.00% | 0.00% | 0.00% | 0.00% | 0.05% | 0.05% |
| 2-years (104 weeks) | 0.00% | 0.00% | 0.13% | 0.13% | 0.28% | 0.28% |
| 3-years (156 weeks) | 0.05% | 0.05% | 0.30% | 0.30% | 0.45% | 0.45% |
| 5-years (260 weeks) | 0.80% | 0.80% | 1.05% | 1.06% | 1.20% | 1.21% |
*Annual Percentage Yield
¹ Substantial early withdrawal penalties may apply to all certificates of deposit including IRAs. All CD's & IRA's that have interest added to principal, compound quarterly. IRA's are only available in 1-4 year terms. Fees may reduce earnings.
² If our interest rates go up on the Rate Watcher during the term, you are allowed one interest rate increase during the same term. You must notify the Bank to request the interest rate increase. Fees may reduce earnings.
³ Ask about CDARS (Certificate of Deposit Account Registry Service) for weekly Rate and Annual Percentage Yield quotes ($25,000 minimum) - up to $50 million FDIC insurance with CDARS. Rates effective November 7, 2011. Fees may reduce earnings.
