BUSINESS DEPOSIT RATES

 
 
CURRENT INTEREST RATES

October 4, 2022

Business Checking

 

Minimum to Open

Rate

APY*

Business Plus Checking

$50.00

$1,000.00 daily minimum to earn interest

 

 

 

 

 

$1,000.00 - $9,999.99

 

0.05%

0.05%

$10,000.00 - $49,999.99

 

0.10%

0.10%

$50,000.00 - $99,999.99

 

0.20%

0.20%

$100,000.00 & up

 

0.30%

0.30%

 

Rate of Interest: For savings accounts, all other types including NOW accounts, and all certificates of deposit except the 24 month IRA certificate and the Christmas Club, the interest rates may be changed weekly, on Tuesday of each week. The interest rate for the 24 month IRA may be changed monthly (1st of each month).

The rate for the IRA account shall be the yield of the most recent auction of the two-year Treasury bill. The interest rate for the Christmas Club may change at club maturity.

*APY (Annual Percentage Yield): Assumes interest remains on deposit until maturity.