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
|
|
|
0.10%
|
0.10%
|
|
Super Savings
|
$2,500.00
|
Under $2,500.00
|
0.10%
|
0.10%
|
|
|
|
$2,500.00 - $19,999.99
|
0.30%
|
0.30%
|
|
|
|
$20,000.00 & over
|
0.35%
|
0.35%
|
|
Now Checking
|
$700.00
|
Under $2,500.00
|
0.15%
|
0.15%
|
|
|
|
$2,500.00 & over
|
0.20%
|
0.20%
|
|
SSB Select Checking
|
$5,000
|
Under $4,999.00
|
0.15%
|
0.15%
|
|
|
|
$5,000.00 - $14,999.99
|
0.30%
|
0.30%
|
|
|
|
$15,000.00 - $49,999.99
|
0.35%
|
0.35%
|
|
|
|
$50,000.00 - $89,999.99
|
0.50%
|
0.50%
|
|
|
|
$90,000.00 & over
|
0.70%
|
0.70%
|
|
*NEW ACCOUNTS*
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|
|
|
|
|
Children Savings Account**
|
No minimum to open account
|
Up to $1,500.00
|
5.00%
|
5.09%
|
|
(Must be under 18 years of age.)
|
|
Over $1,500.00
|
**
|
Range from 5.09% to 0.52%
|
|
Rewards Checking Account***
|
No minimum to open account
|
Up to $25,000.00
|
3.25%
|
3.30%
|
|
|
|
Over $25,000.00
|
***
|
Range from 3.30% to 1.28%
|
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.
**CHILDREN SAVINGS ACCOUNTS DISCLOSURES:
For daily balances over $1,500.00, the interest rate is 5.00% on $1,500.00 and 0.45% on the balance over $1,500.00.
***REWARDS CHECKING DISCLOSURES:
For daily balances over $25,000.00, the interest rate is 3.30% on $25,000.00 and 0.60% on the balance over $25,000.00.
If the following minimum transactions are not posted to your rewards account during a monthly statement cycle, the interest rate paid on the entire balance in your account will be 0.10% with an annual percentage yield (APY) of 0.10%:
1. 15 or more non PIN-based debit card transactions.
2. 5 or more ACH debits (automatic debits) OR 5 or more Bill Pay transactions.
3. 1 or more direct deposits such as a payroll, social security, or disability income deposit.
|
|
Time Certificates of Deposit
|
|
Certificate of Deposit Maturity
|
Minimum Deposit
|
Interest Rate
|
APY*
|
|
6 Month
|
$2,000 to $9,999.99
|
0.25%
|
0.25%
|
|
|
$10,000 to $49,999.99
|
0.55%
|
0.55%
|
|
|
$50,000 to 94,999.99
|
0.70%
|
0.70%
|
|
|
$95,000 and over
|
0.45%
|
0.45%
|
|
12 Month
|
$2,000 to $9,999.99
|
0.60%
|
0.60%
|
|
|
$10,000 to $49,999.99
|
0.90%
|
0.90%
|
|
|
$50,000 to 94,999.99
|
1.00%
|
1.00%
|
|
|
$95,000 and over
|
0.75%
|
0.75%
|
|
24 Month
|
$2,000 to $9,999.99
|
1.05%
|
1.05%
|
|
|
$10,000 to $49,999.99
|
1.30%
|
1.31%
|
|
|
$50,000 to 94,999.99
|
1.50%
|
1.51%
|
|
|
$95,000 and over
|
1.25%
|
1.26%
|
|
36 Month
|
$2,000 to $9,999.99
|
1.70%
|
1.71%
|
|
|
$10,000 to $49,999.99
|
2.00%
|
2.01%
|
|
|
$50,000 to 94,999.99
|
2.25%
|
2.27%
|
|
|
$95,000 and over
|
2.00%
|
2.01%
|
|
48 Month
|
$2,000 to $9,999.99
|
2.30%
|
2.32%
|
|
|
$10,000 to $49,999.99
|
2.40%
|
2.42%
|
|
|
$50,000 to 94,999.99
|
2.50%
|
2.52%
|
|
|
$95,000 and over
|
2.25%
|
2.27%
|
|
60 Month
|
$2,000 to $9,999.99
|
2.55%
|
2.57%
|
|
|
$10,000 to $49,999.99
|
2.60%
|
2.62%
|
|
|
$50,000 to 94,999.99
|
2.90%
|
2.93%
|
|
|
$95,000 and over
|
2.65%
|
2.67%
|
|
CD SPECIAL**
|
|
|
|
|
36 Month Bump-Up
|
$2,000.00
|
1.75%
|
1.76%
|
|
*Add to your CD Balance one time
|
|
|
|
|
*Increase your rate one time if interest rates rise
|
|
|
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*APY= Annual Percentage Yield
**Add to your CD balance one time. Increase your rate one time if interest rates rise.
CDs over $95,000.00 are considered jumbo CDs and the interest rate is .25% less than the highest rated tier.
Rates are effective April 8, 2010, and 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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