 |
Savings Interest Rates
Select an account type:
Personal Savings Account Interest Rates
| Account Name |
Minimum Balance
to Open |
Interest Rate Paid on Balance of |
Interest Rate* |
APY*+ |
Description/Special Features |
|
Money Market
|
$1,000
|
All balances
|
0.20% |
0.20% |
Standard money market account
|
|
Perks Money Market (requires Perks Platinum Checking)
|
$5000
|
$5000-9999
$10000-24999
$25000-49999
$50000+
|
0.25%
0.30%
0.60%
0.85% |
0.25%
0.30%
0.60%
0.85% |
Premium rates for high-balance Perks Platinum Checking members. Tiered interest rates/APY varies based on the daily account balance.
|
|
Portfolio Money Market
|
$5,000
|
$5000-9999
$10000-24999
$25000+
|
0.25%
0.30%
0.60% |
0.25%
0.30%
0.60%
|
Competitive with money market mutual funds. Tiered interest rates/APY varies based on the daily account balance.
|
|
Statement Savings
|
$200
|
All balances
|
0.20% |
0.20% |
Basic savings account. No minimum balance required for minors (under 21).
|
| Fees may apply to accounts that fall below their minimum balance requirement. |
| *Interest Rates and APY are variable and are subject to change on a daily basis. |
| **The interest rates and APYs (annual percentage yields) shown above are available as of 11/19/09. |
| +The Annual Percentage Yield (APY) assumes that the current interest rate will be in effect for one year and that the interest credited remains on deposit. A withdrawal of interest will reduce earnings. Fees could reduce the earnings on these accounts. |
Certificates of Deposit
| Type of Certificate |
Minimum Account
Balance |
Interest Rate* |
APY*+ |
Interest Compounding |
|
91 day CD
|
$1,000
|
0.25% |
0.25% |
Simple
|
|
6 month CD
|
$1,000
|
0.55% |
0.55% |
Simple
|
|
1 year CD
|
$1,000
|
0.80% |
0.80% |
Quarterly
|
|
1 1/2 year CD
|
$1,000
|
0.85% |
0.85% |
Quarterly
|
|
2 year CD
|
$1,000
|
1.19% |
1.20% |
Quarterly
|
|
2 1/2 year Homeownership CD
|
$50, additions - any amount at any time
|
0.70% |
0.70% |
Quarterly
|
|
3 year CD
|
$1,000
|
1.49% |
1.50% |
Quarterly
|
|
4 year CD
|
$1,000
|
1.74% |
1.75% |
Quarterly
|
|
5 year CD
|
$1,000
|
1.99% |
2.00% |
Quarterly.
|
| *The interest rates and APYs (annual percentage yields) shown above are available as of 11/19/09. |
| +The Annual Percentage Yield (APY) assumes that the current interest rate will be in effect for one year and that the interest credited remains on deposit. A withdrawal of interest will reduce earnings. Penalty for early withdrawal. |
|
|
Member FDIC | © 2009 North Shore Bank | Phone: 877.672.2265