Rates

Deposit Products as of

Checking Accounts - Interest Bearing*

Description	Minimum Balance for Interest Rate	Interest Rate	Annual Percentage Yield (APY) Monthly Compounding
Business Interest Checking ($50 to Open)	$0.00	0.05%	0.05%
Legacy Checking ($50 to open)	$0.00	0.10%	0.10%
Advantage Checking ($50 to open)	$0.00	0.10%	0.10%
Platinum Checking ($1,500 & above) ($50 to open)	$1,500	0.15%	0.15%
Health Savings Account* ($50 to Open)	$0.00	0.80%	0.80%

Savings Accounts

Description	Minimum Balance for Interest Rate	Interest Rate	Annual Percentage Yield (APY) Monthly Compounding
Statement Savings ($100 to Open)	$0.00	0.25%	0.25%
Christmas Club ($5 to Open)***	$0.00	0.250%	0.25%
Money Market Demand Account Tier #2         ($2,500 to open)   ($0 to 24,999.99)	$0.00	1.45%	1.46%
Money Market Demand Account Tier #1       ($25,000 & above)	$25,000.00	1.65%	1.66%

 

 

 

 

 

TIme Deposits

Description	Minimum Balance for Interest Rate	Interest Rate	Annual Percentage Yield (APY) Monthly Compounding
C.D. 1 Month	$1,000.00	0.25%	0.25%
C.D. 3 Months	$1,000.00	0.30%	0.30%
C.D. 6 Months	$1,000.00	0.70%	0.70%
C.D. 9 Months	$1,000.00	0.75%	0.75%
C.D. 12 Months	$1,000.00	2.03%	2.05%
C.D. 18 Months	$1,000.00	2.13%	2.15%
C.D. 24 Months	$1,000.00	2.33%	2.35%
C.D. 30 Months	$1,000.00	2.03%	2.05%
C.D. 36 Months	$1,000.00	2.08%	2.10%
C.D. 42 Months	$1,000.00	1.44%	1.45%
C.D. 60 Months	$1,000.00	2.18%	2.20%

 

IRAs 

Description	Minimum Balance for Interest Rate	Interest Rate	Annual Percentage Yield (APY) Monthly Compounding
IRA 6 Months	$1,000.00	0.70%	0.70%
IRA 12 Months	$1,000.00	2.03%	2.05%
IRA 18 Months	$1,000.00	2.13%	2.15%
IRA 24 Months	$1,000.00	2.33%	2.35%
IRA 36 Months	$1,000.00	2.08%	2.10%
IRA 48 Months	$1,000.00	2.13%	2.15%
IRA 60 Months	$1,000.00	2.18%	2.20%

• Rates subject to change without notice.
  
• Account fees may reduce the earnings on the account.
  
• For Interest Bearing Checking, Savings, and Christmas Club accounts, we use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the balance in the account each day.
  
• **The daily balance method is also used to calculate interest on Certificates of Deposit (CDs) and Individual Retirement
• Accounts (IRAs). This method applies a daily periodic rate to the principal in your account each day.
  
• The interest rate and Annual Percentage Yield may change after the account is opened.
  
• If the interest-bearing account is closed before the interest is credited, you will NOT receive the accrued interest.
  
• The interest rate and Annual Percentage Yield are accurate as of 5/2/2018.
  
• Fees may reduce earnings on the account.
  
• Annual Percentage Yield (APY):
  
  • **Certificates of Deposit and Individual Retirement Accounts - the APY assumes quarterly compounding with funds remaining on deposit for a full year. Interest is credited quarterly.
    
  • Interest-Bearing Checking, Savings and Christmas Club Accounts - the interest is compounded and credited monthly.
    
• **A penalty may be imposed for early withdrawal.
  
• ***We will withdraw the balance of your account plus accrued interest and disburse back to the account owners by AFT into the designated First State Bank & Trust account at maturity.