We at State Savings Bank would
like to invite you to compare our rates for checking and savings.
We believe you will find an annual percentage yield to suit your
investment needs.
Rates Effective as of
Deposit Accounts
|
|
Account
|
Minimum to Open Account
|
Daily Balance to Obtain APY*
|
Interest Rate
|
APY*
|
|
Classic Savings
|
|
|
0.45%
|
0.45%
|
|
Super Savings
|
$2,500.00
|
Under $2,500.00
|
0.35%
|
0.35%
|
|
|
|
$2,500.00 - $19,999.99
|
0.60%
|
0.60%
|
|
|
|
$20,000.00 & over
|
0.85%
|
0.85%
|
|
Now Checking
|
$700.00
|
Under $2,500.00
|
0.45%
|
0.45%
|
|
|
|
$2,500.00 & over
|
0.50%
|
0.50%
|
|
SSB Select Checking
|
$5,000
|
Under $5,000.00
|
1.30%
|
1.31%
|
|
|
|
$5,000.00 - $14,999.99
|
2.00%
|
2.02%
|
|
|
|
$15,000.00 - $49,999.99
|
2.15%
|
2.17%
|
|
|
|
$50,000.00 - $89,999.99
|
2.50%
|
2.53%
|
|
|
|
$90,000.00 & over
|
2.95%
|
2.99%
|
Rates are subject to change.
*APY = Annual Percentage Yield
Annual Percentage Yield assumes interest is compounded and the rates remain the same for one year. Interest is compounded and credited to your account quarterly for classic savings accounts and monthly for all other accounts. Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Fees could reduce earnings. You may wish to ask for a brochure that has further details about these accounts.
|
|
Time Certificates of Deposit
|
|
Certificate of Deposit Maturity
|
Minimum Deposit
|
Interest Rate
|
APY*
|
|
6 Month
|
$2,000.00
|
2.05%
|
2.07%
|
|
|
$15,000.00
|
2.35%
|
2.37%
|
|
|
$50,000.00
|
2.45%
|
2.47%
|
|
12 Month
|
$2,000.00
|
2.15%
|
2.17%
|
|
|
$15,000.00
|
2.45%
|
2.47%
|
|
|
$50,000.00
|
2.55%
|
2.57%
|
|
24 Month
|
$2,000.00
|
2.20%
|
2.22%
|
|
|
$15,000.00
|
2.50%
|
2.52%
|
|
|
$50,000.00
|
2.94%
|
2.97%
|
|
36 Month
|
$2,000.00
|
2.45%
|
2.47%
|
|
|
$15,000.00
|
2.55%
|
2.57%
|
|
|
$50,000.00
|
3.18%
|
3.22%
|
|
48 Month
|
$2,000.00
|
2.95%
|
2.98%
|
|
|
$15,000.00
|
3.05%
|
3.09%
|
|
|
$50,000.00
|
3.43%
|
3.47%
|
|
60 Month
|
$2,000.00
|
3.55%
|
3.60%
|
|
|
$15,000.00
|
3.65%
|
3.70%
|
|
|
$50,000.00
|
3.75%
|
3.80%
|
*APY= Annual Percentage Yield
Rates are subject to change. Substantial penalty for early withdrawal. All certificates compounded quarterly. Annual Percentage Yield (APY) assumes interest is compounded and the rate remains the same for one year. You may wish to ask about a brochure that has further details about your certificate.
|
Click
here for information about a special program available to higher
level deposit accounts.
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