Personal - Deposits - Deposit Rates Scott State Bank

business man using calculator

Deposit Rates

Annual Percentage Yields (APY) are accurate as of August 29, 2024

Checking Accounts

DescriptionCompoundingInterest Rate*APY**Minimum Balance to obtain APY

Description


Advantage Checking*

Compounding


Monthly

Interest Rate*


0.01%

APY**


0.01%

Minimum Balance to obtain APY


$100

Description


NOW Account*

Compounding


Monthly

Interest Rate*


0.05%

APY**


0.05%

Minimum Balance to obtain APY


$1,000

Health Savings Accounts*

DescriptionCompoundingInterest Rate*APY**Minimum Balance to obtain APY

Description


$0.01-$4,999.99

Compounding


Monthly

Interest Rate*


0.05%

APY**


0.05%

Minimum Balance to obtain APY


$100

Description


$5,000-$9,999.99

Compounding


Monthly

Interest Rate*


0.30%

APY**


0.30%

Minimum Balance to obtain APY


$5,000

Description


$10,000-$24,999.99

Compounding


Monthly

Interest Rate*


0.35%

APY**


0.35%

Minimum Balance to obtain APY


$10,000

Description


$25,000-$49,999.99

Compounding


Monthly

Interest Rate*


0.50%

APY**


0.50%

Minimum Balance to obtain APY


$25,000

Description


$50,000 and above

Compounding


Monthly

Interest Rate*


0.75%

APY**


0.75%

Minimum Balance to obtain APY


$50,000

Savings Accounts

Description Compounding Interest Rate* APY** Minimum Balance to obtain APY

Description


Savings*

Compounding


Semi-Annually

Interest Rate*


0.05%

APY**


0.05%

Minimum Balance to obtain APY


$10

Description


Regular Money Market*

Compounding


Monthly

Interest Rate*


0.20%

APY**


0.20%

Minimum Balance to obtain APY


$2,500

Premium Plus Money Market*

Description Compounding Interest Rate* APY** Minimum Balance to obtain APY

Description


$10,000-$24,999.99

Compounding


Monthly

Interest Rate*


0.30%

APY**


0.30%

Minimum Balance to obtain APY


$10,000

Description


$25,000-$49,999.99

Compounding


Monthly

Interest Rate*


0.40%

APY**


0.40%

Minimum Balance to obtain APY


$25,000

Description


$50,000-$94,999.99

Compounding


Monthly

Interest Rate*


0.50%

APY**


0.50%

Minimum Balance to obtain APY


$50,000

Description


$95,000 and over

Compounding


Monthly

Interest Rate*


1.20%

APY**


1.21%

Minimum Balance to obtain APY


$95,000

Christmas Club*

Description Compounding Interest Rate* APY** Minimum Balance to obtain APY

Description


$1.00-$5,000.00

Compounding


Semi-Annually

Interest Rate*


3.00%

APY**


3.00%

Minimum Balance to obtain APY


$1.00

Description


$5,000.01 and up

Compounding


Semi-Annually

Interest Rate*


0.05%

APY**


3.00% to 0.05%

Minimum Balance to obtain APY


$5,000.01

IRAs

Description Compounding Interest Rate* APY** Minimum Balance to obtain APY

Description


12 Month - Fixed

Compounding


At Maturity

Interest Rate*


1.00 %

APY**


1.00%

Minimum Balance to obtain APY


$n/a

Description


18 Month - Variable*

Compounding


At Maturity

Interest Rate*


0.90%

APY**


0.90%

Minimum Balance to obtain APY


$n/a

Certificates of Deposit

Description Compounding Interest Rate* APY** Minimum Balance to obtain APY

Description


6 Month

Compounding


Semi-Annually

Interest Rate*


0.80%

APY**


0.80%

Minimum Balance to obtain APY


$1,000

Description


9 Month Special

Compounding


At Maturity

Interest Rate*


4.00%

APY**


4.02%

Minimum Balance to obtain APY


$10,000

Description


12 Month

Compounding


Semi-Annually

Interest Rate*


1.00%

APY**


1.00%

Minimum Balance to obtain APY


$1,000

Description


18 Month

Compounding


Semi-Annually

Interest Rate*


1.20%

APY**


1.20%

Minimum Balance to obtain APY


$1,000

Description


24 Month

Compounding


Semi-Annually

Interest Rate*


1.20%

APY**


1.20%

Minimum Balance to obtain APY


$1,000

Description


30 Month

Compounding


Semi-Annually

Interest Rate*


1.50%

APY**


1.51%

Minimum Balance to obtain APY


$1,000

Description


36 Month

Compounding


Semi-Annually

Interest Rate*


1.50%

APY**


1.51%

Minimum Balance to obtain APY


$1,000

Description


60 Month

Compounding


Semi-Annually

Interest Rate*


1.50%

APY**


1.51%

Minimum Balance to obtain APY


$1,000

*The Interest Rate shown for accounts may change after the account is opened.
**The Annual Percentage Yield (APY) assumes funds will remain on deposit for a full period until maturity. Some of the accounts listed may require a Minimum Balance to open and/or a minimum daily balance. A penalty may be imposed for early withdrawal of a Certificate of Deposit (CD). Fees could reduce earnings on accounts.