Interest Rates

Interest Rates

Certificates of Deposit

All Certificates of Deposit are available as IRA Investments. Current as of: May 20, 2024.

  Interest Rate APY*
3 MONTH 2.25% 2.27%
6 MONTH 3.50% 3.55%

9 MONTH SPECIAL

5.10% 5.20%
The 9 Month Special does not qualify for the premium APY**    
12 MONTH 2.75% 2.78%
18 MONTH 3.00% 3.03%
23 MONTH SPECIAL 4.70% 4.78%

The 23 Month Special does not qualify for the premium APY**

   
24 MONTH 3.10% 3.14%
30 MONTH 3.25% 3.29%
36 MONTH 3.40% 3.44%
40 MONTH SPECIAL 4.33% 4.40%
The 40 Month Special does not qualify for the premium APY**    
48 MONTH 3.50% 3.55%
60 MONTH 3.65% 3.70%

** 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 9 AND 23 MONTH SPECIAL DOES 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*

  0.90% 0.90%

Interest will be compounded quarterly. 


HEALTH SAVINGS

 

INTEREST RATE

APY*

Daily balance of: $0.01 - $4,999.99 1.25% 1.26%
Daily balance of: $5,000.00 - $14,999.99 1.40% 1.41%
Daily balance of: $15,000.00 - $34,999.99 1.50% 1.51%
Daily balance of: $35,000.00 & Up 1.60% 1.61%

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 1.60% 1.61%
Daily balance of:

$20,001.00 & Up

0.80% 0.80%

***1.60% paid on balances from $.01-$20,000.99 and .80% 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

0.90% 0.90%
Daily balance of:

$10,000.00 - $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%

Interest will be compounded monthly.

*APY is annual percentage yield.
**Rates may change after the account is opened.  Fees may reduce earnings.