Current Rates
Current Rates
*CD and ^IRA rates
Early Withdrawal Penalties | |
---|---|
12-month quarterly certificate and IRA | 180 days of interest |
24-month quarterly certificate and IRA | 365 days of interest |
36-month quarterly certificate and IRA | 365 days of interest |
48-month quarterly certificate and IRA | 365 days of interest |
60-month quarterly certificate and IRA | 365 days of interest |
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%.