Interest Rates
Interest Rates
All Certificates of Deposit are available as IRA Investments. Current as of: December 10, 2024.
Interest Rate | APY* | |
3 MONTH | 1.70% | 1.71% |
6 MONTH | 2.95% | 2.98% |
7 MONTH SPECIAL |
4.45% | 4.52% |
The 7 Month Special does not qualify for the premium APY** | ||
12 MONTH | 2.20% | 2.22% |
15 MONTH SPECIAL | 4.25% | 4.32% |
The 15 Month Special does not qualify for the premium APY** | ||
18 MONTH |
2.45% | 2.47% |
24 MONTH | 2.55% | 2.57% |
30 MONTH | 2.70% | 2.73% |
36 MONTH | 3.40% | 3.44% |
47 MONTH SPECIAL | 4.00% | 4.06% |
The 15 Month Special does not qualify for the premium APY** | ||
48 MONTH | 3.35% | 3.39% |
60 MONTH | 3.25% | 3.29% |
** APY is Annual Percentage Yield. Interest on all certificates of deposit compound quarterly.
* Open and/or Maintain a Bonus or Loyalty Checking Account to qualify for an initial additional .25% APY** on New Certificates of Deposit. THE 7 AND 19 MONTH SPECIALS DO NOT QUALIFY FOR THE PREMIUM INTEREST RATE DUE TO THE SPECIAL RATE. To qualify for the premium APY* you must have a Bonus or Loyalty Checking account. The premium annual percentage yield is subject to change or discontinuance at account renewal.
Minimum deposit is $500.00. Substantial penalty for early withdrawal, See an employee for more information.
Variable Rate Accounts**
REGULAR SAVINGS |
INTEREST RATE |
APY* |
0.65% | 0.65% |
Interest will be compounded quarterly.
HEALTH SAVINGS |
INTEREST RATE |
APY* |
|
Daily balance of: | $0.01 - $4,999.99 | 1.00% | 1.00% |
Daily balance of: | $5,000.00 - $14,999.99 | 1.15% | 1.16% |
Daily balance of: | $15,000.00 - $34,999.99 | 1.25% | 1.26% |
Daily balance of: | $35,000.00 & Up | 1.35% | 1.36% |
Interest will be compounded monthly.
IRA/SEP SAVINGS |
INTEREST RATE |
APY* |
|
Daily balance of: | $0.01 - $4,999.99 | 1.40% | 1.40% |
Daily balance of: | $5,000.00 - $14,999.99 | 1.55% | 1.56% |
Daily balance of: | $15,000.00 - $34,999.99 | 1.65% | 1.66% |
Daily balance of: | $35,000.00 & Up | 1.75% | 1.76% |
$500 minimum to open an account.
Interest will be compounded semi-annually.
LOYALTY CHECKING |
INTEREST RATE |
APY* |
|
Daily balance of: | $0.01 - $4,999.99 | 0.00% | 0.00% |
Daily balance of: | $5,000.00 - $24,999.99 | 1.25% | 1.26% |
Daily balance of: |
$25,000.00 - $99,999.99 |
1.40% | 1.41% |
Daily balance of: | $100,000.00 - $249,999.99 | 1.80% | 1.81% |
Daily balance of: | $250,000.00 - $499,999.99 | 2.05% | 2.07% |
Daily balance of: | $500,000.00 & Up | 2.55% | 2.58% |
$5,000 minimum to open an account.
Interest will be compounded monthly.
Free Bank of the Valley custom designed checks.
BONUS CHECKING*** |
INTEREST RATE |
APY* |
|
Daily balance of: | $0.01 - $20,000.99 | 1.35% | 1.36% |
Daily balance of: |
$20,001.00 & Up |
0.55% | 0.55% |
***1.35% paid on balances from $.01-$20,000.99 and .55% paid on balances over $20,001.00 when you meet the requirements per statement cycle. The requirements are at least 1 direct deposit or one ACH debit per statement cycle, accept your bank statement electronically (e-statement), and use your Visa Check Card at least 10 or more times per statement cycle as a credit purchase. The 10 Visa Check Card transactions must post prior to the statement. If the criteria is not met, no interest is awarded.
Interest is compounded monthly.
MONEY MARKET |
INTEREST RATE |
APY* |
|
Daily balance of: |
$0.01 - $9,999.99 |
0.65% | 0.65% |
Daily balance of: |
$10,000.00 - $24,999.99 |
1.00% | 1.00% |
Daily balance of: |
$25,000.00 - $99,999.99 |
1.15% | 1.16% |
Daily balance of: |
$100,000.00 - $249,999.99 |
1.55% | 1.56% |
Daily balance of: |
$250,000.00 - $499,999.99 |
1.80% | 1.82% |
Daily balance of: | $500,000.00 & Up | 2.30% | 2.32% |
Interest will be compounded monthly.
*APY is annual percentage yield.
**Rates may change after the account is opened. Fees may reduce earnings.