Current Rates

Current Rates

 

*CD and ^IRA rates

 

 


 

Checking Rates

Checking Account Interest Rate APY
Simply Direct Interest/Simply 50+ Interest Checking 0.01 0.01
Simply Business Interest Checking 0.01 0.01
Simply High Interest Checking: balance of $999.99 or less 0.01 0.01
Simply High Interest Checking: balance of $1,000.00 or more 0.02 0.02

 


 

Money Market Rates

Money Market Account Interest Rate APY
Simply Money Market: balance of $100,000.00 or less 0.05 0.05
Simply Money Market: balance of $100,000.01 to $250,000.00 0.10 0.10
Simply Money Market: balance of $250,000.01 to $1 million 0.15 0.15
Simply Money Market: balance over $1 million 0.20 0.20

 


 

Savings Rates

Savings Account Interest Rate APY
Simply Savings/Simply Business Savings 0.05 0.05
Christmas Club Savings/Vacation Club Savings 0.05 0.05

 


 

*The Annual Percentage Yield (APY) is accurate as of Feb. 17, 2021, and is subject to change without notice. Fees could reduce the earnings on an account. 

*A minimum balance of $1,000.00 is required to obtain the advertised APY on Certificates of Deposit. A substantial penalty may be imposed for early withdrawal on CDs. On non-compounding CDs with term greater than 1 year, interest cannot remain on deposit and payout of interest is mandatory. For additional rate, fee and cost information, please refer to account disclosure statement.


*^A minimum balance of $25.00 is required to obtain the advertised APY on Individual Retirement Accounts (IRAs). A substantial penalty may be imposed for early withdrawal on IRAs. For additional rate, fee and cost information, please refer to disclosure statement.

*SimplyBank Prime Rate as of March 16, 2020 is 3.25%.