Interest Rates
Interest Rates
All Certificates of Deposit are available as IRA Investments. Current as of: May 4, 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% |
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.