Deposit Rates

Effective: MM/YY

Choose a Deposit Rate
Savings Accounts
AccountRate APY*Min. Balance Required**
Statement Savings   0.50%  0.50% $100 
NextGen Save   3.92%3  4.00%3  
Kids Saver   2.96%3  3.00%3  
Holiday Club Savings  0.60%   0.60%  
Vacation Club Savings   0.60%   0.60%

 

*Annual Percentage Yield. Variable rate accounts. Fees may reduce earnings.
**Minimum balance required to obtain APY. Rates subject to change at any time.
3For NextGen Save, the specified rate applies to dollar amounts of $10,000 or less. Amounts exceeding this threshold earn an Interest Rate of 1.00% APY. For Kids Saver, the stated rate is for dollar amounts of $5,000 or less, with amounts beyond earning an Interest Rate of 0.50% APY.

 

 

 

 
Checking Accounts
AccountRate APY*Min. Balance Required**
 Interest Checking 0.10% 0.10%  $250 

*Annual Percentage Yield. Variable rate accounts. Fees may reduce earnings.
**Minimum balance required to obtain APY. Rates subject to change at any time.
Money Market Accounts
AccountRate APY*Min. Balance Required**
Tier 1 | $0 - $49,999   0.75% 0.75%  $500 
Tier 2 | $50,000 - 249,999  1.19%  1.20%  $50,000 
Tier 3 | $250,000 or more  1.49%  1.50% $250,000 

*Annual Percentage Yield. Variable rate accounts. Fees may reduce earnings.
**Minimum balance required to obtain APY. Rates subject to change at any time.
Individual Retirement Accounts (IRAs)
AccountRate APY*Min. Balance Required**Early Withdrawal Penalty
Regular/Roth - 12-Month Certificate 3.92%  4.00%  $250  3 Months Interest
Education - 12-Month Certificate 3.92%   4.00% $250  3 Months Interest

*Annual Percentage Yield. Variable rate accounts. Fees may reduce earnings.
**Minimum balance required to obtain APY. Rates subject to change at any time.
Certificates of Deposit (CDs)
TermRateAPY¹Min. Balance Required²Early Withdrawal Penalty

91-Day

0.50%

0.50%

$500

91 Days Interest

6-Month

0.75%

0.75%

$500

91 Days Interest

9-Month

4.40%3

4.50%3

$500

3 Months Interest

1-Year

3.92%

4.00%

$500

3 Months Interest

18-Month

1.49%

1.50%

$500

 6 Months Interest 

21-Month

2.96%

3.00%

$500

6 Months Interest

2-Year

1.74%

1.75%

$500

6 Months Interest

30-Month

1.98%

2.00%

$500

6 Months Interest

3-Year

2.13%

2.15%

$500

18 Months Interest

4-Year

2.23%

2.25%

$500

18 Months Interest

5-Year

2.47%

2.50%

$500

18 Months Interest

10-Year

2.47%

2.50%

$500

30 Months Interest

¹Annual Percentage Yield (APY). Fixed rate accounts. Fees or early withdrawal may reduce earnings.
²Minimum balance required to obtain APY. Rates subject to change at any time.
³Maximum allowable amount is $50,000 to earn stated rate. New funds not currently with Monroe Savings Bank.