Interest Rates

Interest Rates

Certificates of Deposit

All Certificates of Deposit are available as IRA Investments. Current as of: March 22, 2023.

  Interest Rate APY*
3 MONTH 2.00% 2.02%
6 MONTH 2.25% 2.27%
12 MONTH 2.50% 2.52%
13 MONTH SPECIAL 4.35% 4.42%
17 MONTH SPECIAL 4.35% 4.42%

18 MONTH

2.75% 2.78%
24 MONTH 2.85% 2.88%
25 MONTH SPECIAL 3.25% 3.29%
30 MONTH 3.00% 3.03%
36 MONTH 3.05% 3.09%
48 MONTH 3.10% 3.14%
60 MONTH 3.15% 3.19%

* 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*

  0.90% 0.90%

Interest will be compounded quarterly. 


HEALTH SAVINGS

 

INTEREST RATE

APY*

Daily balance of: $0.01 - $4,999.99 1.15% 1.16%
Daily balance of: $5,000.00 - $14,999.99 1.30% 1.31%
Daily balance of: $15,000.00 - $34,999.99 1.40% 1.41%
Daily balance of: $35,000.00 & Up 1.50% 1.52%

Interest will be compounded monthly. 


IRA/SEP SAVINGS

 

INTEREST RATE

APY*

Daily balance of: $0.01 - $4,999.99 1.15% 1.15%
Daily balance of: $5,000.00 - $14,999.99 1.30% 1.30%
Daily balance of: $15,000.00 - $34,999.99 1.40% 1.40%
Daily balance of: $35,000.00 & Up 1.50% 1.51%

$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 - $24,999.99 1.20% 1.21%
Daily balance of:

$25,000.00 - $99,999.99

1.35% 1.36%
Daily balance of: $100,000.00 - $249,999.99 1.60% 1.61%
Daily balance of: $250,000.00 - $499,999.99 1.75% 1.76%
Daily balance of:  $500,000.00 & Up 2.35% 2.38%

$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 1.50% 1.51%
Daily balance of:

$20,001.00 & Up

0.85% 0.85%

***1.50% paid on balances from $.01-$20,000.99 and .85% 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, .60% APY will be paid on the entire balance.

Interest is compounded monthly.


MONEY MARKET

 

INTEREST RATE

APY*

Daily balance of:

$0.01 - $9,999.99

0.85% 0.85%
Daily balance of:

$10,000.00 - $24,999.99

1.20% 1.21%
Daily balance of:

$25,000.00 - $99,999.99

1.35% 1.36%
Daily balance of:

$100,000.00 - $249,999.99

1.60% 1.61%
Daily balance of:

$250,000.00 - $499,999.99

1.75% 1.76%
Daily balance of: $500,000.00 & Up 2.35% 2.38%

Interest will be compounded monthly.

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