Interest Rates

Interest Rates

Certificates of Deposit

All Certificates of Deposit are available as IRA Investments. Current as of: September 28, 2022.

  Interest Rate APY*
3 MONTH 1.40% 1.41%
6 MONTH 1.45% 1.46%
12 MONTH 1.55% 1.56%
13 MONTH SPECIAL 1.90% 1.91%

18 MONTH

1.90% 1.91%
24 MONTH 2.00% 2.02%
25 MONTH SPECIAL 2.25% 2.27%
30 MONTH 2.25% 2.27%
36 MONTH 2.25% 2.27%
48 MONTH 2.30% 2.32%
60 MONTH 2.50% 2.52%

* 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.  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 0.90% 0.90%
Daily balance of: $5,000.00 - $14,999.99 1.05% 1.05%
Daily balance of: $15,000.00 - $34,999.99 1.15% 1.16%
Daily balance of: $35,000.00 & Up 1.25% 1.25%

Interest will be compounded monthly. 


IRA/SEP SAVINGS

 

INTEREST RATE

APY*

Daily balance of: $0.01 - $4,999.99 0.90% 0.90%
Daily balance of: $5,000.00 - $14,999.99 1.05% 1.05%
Daily balance of: $15,000.00 - $34,999.99 1.15% 1.15%
Daily balance of: $35,000.00 & Up 1.25% 1.26%

$1,000 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 - $49,999.99 0.85% 0.85%
Daily balance of:

$50,000.00 - $99,999.99

0.90% 0.90%
Daily balance of: $100,000.00 & Up 1.00% 1.00%

$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 0.90% 0.90%
Daily balance of:

$20,001.00 & Up

0.60% 0.60%

***0.75% paid on balances from $.01-$20,000.99 and .45% 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 Visa Check Card transactions must post prior to the statement. If the criteria are not met, .45% APY will be paid on the entire balance.

Interest is compounded monthly.


MONEY MARKET

 

INTEREST RATE

APY*

Daily balance of:

$0.01 - $2,499.99

0.55% 0.55%
Daily balance of:

$2,500.00 - $19,999.99

0.60% 0.60%
Daily balance of:

$20,000.00 - $49,999.99

0.65% 0.65%
Daily balance of:

$50,000.00 - $99,999.99

0.70% 0.70%
Daily balance of:

$100,000.00 - $249,999.99

0.75% 0.75%
Daily balance of: $250,000.00 & Up 0.80% 0.80%

Interest will be compounded monthly.

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