Current Deposit Rates
| EFFECTIVE DATE: | 08/09/18 | Rates subject to change. |
Certificate of Deposit
| Term | Rate | APY | Minimum Deposit to Open Account |
| 91 Day | 0.15% | 0.15% | $500.00 |
| 6 Month | 0.20% | 0.20% | $500.00 |
| 9 Month | 0.20% | 0.20% | $500.00 |
| 1 Year | 0.30% | 0.30% | $500.00 |
| 18 Month | 0.30% | 0.30% | $500.00 |
| 2 Year | 0.45% | 0.45% | $500.00 |
| 30 Month | 0.45% | 0.45% | $500.00 |
| 3 Year | 0.70% | 0.70% | $500.00 |
| | | | |
Individual Retirement Accounts
| Term | Rate | APY | Minimum Deposit to Open Account |
| 9 Month | 0.20% | 0.20% | $500.00 |
| 1 Year | 0.30% | 0.30% | $500.00 |
| 2 Year | 0.45% | 0.45% | $500.00 |
| 3 Year | 0.70% | 0.70% | $500.00 |
| | | | |
A penalty may be imposed for any withdrawal of principal prior to maturity. The annual percentage yield assumes that the interest remains on deposit until maturity. A withdrawal will reduce earnings.
The Annual Percentage Yields quoted are accurate as above. All APYs offered are subject to change without notice. For full account details, please contact a bank representative at the Office most convenient for you.
Savings Accounts
| Account Balance | Rate | APY | Minimum Deposit to Open Account |
| $.01 to 10,000.00 | .15% | .15% | $10.00 |
| $10,000.01 and over | .15% | .15% | $10.00 |
Sonic Saving Account (Custodial)
| | Rate | APY | Minimum Deposit to Open Account |
| $.01 to 2,000.00 | 2.00% | 2.02% | $0.00 |
| $2,000.01 and over | .15% | .15% | $0.00 |
HSA Tiered Checking
| Account Balance | Rate | APY | Minimum Deposit to Open Account |
| $0.01 to 4999.99 | .15% | .15% | $10.00 |
| $5000 – unlimited | .20% | .20% | $10.00 |
Checking Accounts
| Type of Account | Rate | APY | Minimum Deposit to Open Account |
| Now Checking Accounts | .05% | .05% | $10.00 |
| Community Checking | .05% | .05% | $10.00 |
| Community “60” Checking | .05% | .05% | $10.00 |
Money Market Checking
| Account Balance | Rate | APY | Minimum Deposit to Open Account |
| $.01 – $50,000.00 | .10% | .10% | $10.00 |
| $50,000.01 & Over | .10% | .10% | $10.00 |
Business Advantage Money Market Checking
| Account Balance | Rate | APY | Minimum Deposit to Open Account |
| $.01 – $25,000.00 | .10% | .10% | $25,000.00 |
| $25,000.01 – $50,000.00 | .15% | .15% | $25,000.00 |
| $50,000.01 – $999,000.00 | .15% | .15% | $25,000.00 |
Any fees assessed on these deposit products may reduce the earnings on the account. Please refer to the Schedule of Charges for any fee that may be imposed.
Our variable rate Regular Savings, NOW Checking, Money Market and Business Advantage Money Market Accounts are variable rate accounts. The rate and Annual Percentage Yield may change after the opening of these types of accounts.
The Annual Percentage Yields quoted are accurate as above. All Annual Percentage Yield offered are subject to change without notice. For full account details, please contact a Bank representative at the Office most convenient for you.
CDARS1
| Term | Rate | Annual Percentage Yield |
| 4 week | 0.05% | 0.05% |
| 13 week | 0.05% | 0.05% |
| 26 week | 0.10% | 0.10% |
| 1 year | 0.15% | 0.15% |
| 2 year | 0.30% | 0.30% |
| 3 year | 0.55% | 0.55% |
| 5 year | 1.00% | 1.00% |
1Minimum to open $250,000.00
1Customer must have account balances of at least $250,000.00 with The First National Bank of Suffield.