Business Interest Rates
Business Interest Rates
Updated
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| Minimum to Open | Rate $1,000.00 Daily minimum to earn interest | APY1 | |
|---|---|---|---|
| $1,000.00 - $9,999.99 | Minimum to Open $50.00 | Rate $1,000.00 Daily minimum to earn interest 0.05% | APY1 0.05% |
| $10,000.00 - $49,999.99 | Minimum to Open $50.00 | Rate $1,000.00 Daily minimum to earn interest 0.10% | APY1 0.10% |
| $50,000.00 - $99,999.99 | Minimum to Open $50.00 | Rate $1,000.00 Daily minimum to earn interest 0.20% | APY1 0.20% |
| $100,000.00 & up | Minimum to Open $50.00 | Rate $1,000.00 Daily minimum to earn interest 0.30% | APY1 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. 1apy (Annual Percentage Yield): Assumes interest remains on deposit until maturity.
