Rates are effective as of May 4, 2020
Bump Up Certificate of Deposit†*^
| Term |
Interest Rate |
APY* |
| 3 Years |
0.40% |
0.40% |
Certificate of Deposit and Individual Retirement Account†*
| Term |
Interest Rate |
APY* |
| 3 Months |
0.25% |
0.25% |
| 6 Months |
0.35% |
0.35% |
| 1 Year |
0.40% |
0.40% |
| 2 Years |
0.45% |
0.45% |
| 3 Years |
0.50% |
0.50% |
| 4 Years |
0.55% |
0.55% |
| 5 Years |
0.65% |
0.65% |
Checking†
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| Minimum Balance to Obtain APY |
Interest Rate |
APY* |
| Best Interest Checking |
|
|
| $0.00 to $25,000.00 (Qualifications are met) |
1.00% |
1.00% |
| $25,000.01 and above (Qualifications are met) |
0.05% |
0.05% |
| Paid on account balance (Qualifications are not met) |
0.01% |
0.01% |
| Incentive Checking |
|
|
| $0.01 to $4,999.99 |
0.02% |
0.02% |
| $5,000.00 to $14,999.00 |
0.05% |
0.05% |
| $15,000.00 and over |
0.10% |
0.10% |
High Yield Index Savings†<
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| Minimum Balance to Obtain APY |
Interest Rate |
APY* |
| $0.01 to $24,999.99 |
0.05% |
0.05% |
| $25,000.00 to $99,999.99 |
0.20% |
0.20% |
| $100,000.00 to $499,999.99 |
0.50% |
0.50% |
| $500,000.00 to $999,999.99 |
0.65% |
0.65% |
| $1,000,000.00 and over |
0.75% |
0.75% |
Savings†
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| Minimum Balance to Obtain APY |
Interest Rate |
APY* |
| Money Market |
|
|
| $0.01 to $9,999.99 |
0.05% |
0.05% |
| $10,000.00 to $24,999.99 |
0.05% |
0.05% |
| $25,000.00 to $99,999.99 |
0.05% |
0.05% |
| $100,000.00 to $499,999.99 |
0.10% |
0.10% |
| $500,000.00 to $999,999.99 |
0.10% |
0.10% |
| $1,000,000.00 and over |
0.15% |
0.15% |
| Money Market with Bonus~ |
|
|
| $0.01 to $9,999.99 |
0.25% |
0.25% |
| $10,000.00 to $24,999.99 |
0.25% |
0.25% |
| $25,000.00 to $99,999.99 |
0.25% |
0.25% |
| $100,000.00 to $499,999.99 |
0.30% |
0.30% |
| $500,000.00 to $999,999.99 |
0.30% |
0.30% |
| $1,000,000.00 and over |
0.35% |
0.35% |
| Savings |
|
|
| $0.01 to $1,999.99 |
0.01% |
0.01% |
| $2,000.00 to $4,999.99 |
0.02% |
0.02% |
| $5,000.00 to $9,999.99 |
0.02% |
0.02% |
| $10,000.00 to $24,999.99 |
0.05% |
0.05% |
| $25,000.00 to over |
0.05% |
0.05% |
Health Savings†
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| Minimum Balance to Obtain APY |
Interest Rate |
APY* |
| $0.01 to $1,999.99 |
0.01% |
0.01% |
| $2,000.00 to $4,999.99 |
0.02% |
0.02% |
| $5,000.00 to $9,999.99 |
0.02% |
0.02% |
| $10,000.00 to $24,999.99 |
0.05% |
0.05% |
| $25,000.00 to over |
0.05% |
0.05% |
†The interest rate and Annual Percentage Yield (APY) listed in this deposit rate sheet are effective as of the date shown above. We may at our discretion change each interest rate and APY at any time without notice. Interest for all Checking, Savings and Money Market accounts will be compounded and credited monthly. Certificate of Deposit/IRA interest is compounded annually. Interest is paid annually and when the CD matures. Fees could reduce earnings on any account. A penalty is also imposed for early withdrawal from a CD/IRA. Minimum deposit to open accounts: $5,000 Certificate of Deposit and Individual Retirement Accounts, $50 High Yield Index Savings, $2,000 Money Market, $50 Savings Accounts, and no minimum deposit to open Personal Checking and Health Savings Accounts.
*Consult your tax professional for more information on contribution limits and deductibility.
^ Option to trade up one time only during the initial term. Rate change option is based on the published rate for the current standard term of the original CD. Not valid for brokerage deposits, institutional investors, or in conjunction with other promotional offers.
< The $0.01 - $24,999.99 tier is not indexed. All tiers $25,000 and over are indexed to Federal Funds Target Rate – Upper Bound published by Bloomberg. The rate is updated on the first business day of each month using the Federal Funds Target Rate – Upper Bound as of the last business day of the preceding month. The tiers indexed are based on the Federal Funds Rate minus the Rate Adjuster. The Rate Adjuster for $25,000 - $99,999.99 tier is the index -.65%; $100,000 - $499,999.99 tier is the index -.45%; $500,000 - $999,999.99 tier is the index -.25%; and $1,000,000 and over tier is the index -.10%. Interest Rate Floor is the minimum interest rate which could be credited to your account: 0.20% floor rate on $25,000 - $99,999.99 balances, 0.50% floor rate on $100,000 - $499,999.99 balances, 0.65% floor rate on $500,000 - $999,999.99 balances, 0.75% floor rate on $1,000,000 and over balances. Valid on Personal, Business, and Municipal Accounts only. No debit card with High Yield Index Savings Accounts.
~To earn the bonus, you must maintain a minimum average checking balance of $2,500.00 AND a combined relationship balance of at least $50,000.00 in qualifying accounts: Personal CDs, Personal Bump-Up CDs, Commerce IRA CDs, Commerce Choice Money Market, High Yield Index Savings and Commerce Savings.