Schedule of Interest Rates for Savings, Checking and Money Market Accounts

Effective November 25, 2020 - December 01, 2020

 

  • Minimum Deposit to Open Account: $500
  • Minimum Daily Balance to Obtain Annual Percentage Yield*: $200
  • Interest Compounded: Monthly
  • Interest Credited: Monthly
Minimum Daily Balance* Annual Percentage Yield** Interest Rate**
$0.01 - $2,499.99 0.01 0.01
$2,500.00 - $19,999.99 0.02 0.02
$20,000.00 - $49,999.99 0.03 0.03
$50,000.00 - $99,999.99 0.04 0.04
$100,000.00 and over 0.05 0.05

 

  • Minimum Deposit to Open Account: $25,000
  • Minimum Daily Balance to Obtain Annual Percentage Yield*: $1,000
  • Interest Compounded: Monthly
  • Interest Credited: Monthly
Minimum Daily Balance* Annual Percentage Yield** Interest Rate**
$1,000.00 - $24,999.99 0.04 0.04
$25,000.00 - $49,999.99 0.06 0.06
$50,000.00 - $99,999.99 0.07 0.07
$100,000.00 and over 0.10 0.10

 

  • Minimum Deposit to Open Account: $500
  • Minimum Daily Balance to Obtain Annual Percentage Yield*: $500
  • Interest Compounded: Monthly
  • Interest Credited: Monthly
Minimum Daily Balance* Annual Percentage Yield** Interest Rate**
$500.00 - $2,499.99 0.01 0.01
$2,500.00 - $4,999.99 0.02 0.02
$5,000.00 and over 0.03 0.03

 

  • Minimum Deposit to Open Account: $2,500
  • Minimum Daily Balance to Obtain Annual Percentage Yield*: $1,000
  • Interest Compounded: Monthly
  • Interest Credited: Monthly
Minimum Daily Balance* Annual Percentage Yield** Interest Rate**
$1,000.00 - $24,999.99 0.02 0.02
$25,000.00 - 99,999.99 0.04 0.04
$100,000.00 - $499,999.99 0.06 0.06
$500,000.00 and over 0.08 0.08

 

  • Minimum Deposit to Open Account: $0
  • Minimum Daily Balance to Obtain Annual Percentage Yield*: $500
  • Interest Compounded: Monthly
  • Interest Credited: Monthly
Minimum Daily Balance* Annual Percentage Yield** Interest Rate**
$0.01 - $2,499.99 0.01 0.01
$2,500.00 - $4,999.99 0.02 0.02
$5,000.00 - $9,999.99 0.03 0.03
$10,000.00 and over 0.04 0.04

 

 

* You must maintain the minimum balance in the account each day to obtain the disclosed annual percentage yield. Fees may reduce earnings.
*
* For current interest rates call 203-431-1986 (available 24 hours per day, seven days a week) or 1-800-416-5866.

The following information applies to the deposit accounts listed above:

Interest Rate and Balance Information for all accounts listed above:

Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time. For current interest rates call 203-431-1986 (available 24 hours per day, seven days a week) or 1-800-416-5866. Interest begins to accrue on the first business day after the business day you deposit non-cash items (for example checks).

We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in your account each day.

Tiered Interest Rate Accounts: These accounts have tiered interest rates. This means that the interest rate and resulting annual percentage yield you earn will depend on the daily balance in your account. The tiers that apply are shown above. You will earn the interest rate and annual percentage yield applicable to your balance on the entire balance in your account.