Deposit Rates - PremierBank

Deposit Rates

Deposit Interest Rates Effective as of August 5, 2019

Certificates of Deposit
TermInterest RateAPY*Minimum Deposit to Open Account

91 Days

0.10

0.10

$2,500.00

182 Days

0.25

0.25

$2,500.00

12 Months

0.40

0.40

$300.00

18 Months

0.45

0.45

$300.00

24 Months

0.70

0.70

$300.00

36 Months

1.00

1.00

$300.00

48 Months

1.20

1.21

$300.00

11 Month SPECIAL

1.75

1.76

$1,000.00

26 Month SPECIAL

1.55

1.56

$1,000.00

33 Month SPECIAL

1.45

 1.46

$1,000.00

Withdrawal before maturity may be subject to penalty under law and may result in loss of principal to you.
*Annual Percentage Yield (APY) based on quarterly compounding. APY assumes interest remains on deposit. APY is determined based on the current rate and minimum deposit required to open account. Fees and/or withdrawal of interest will reduce earnings.

Account LevelInterest RateAPY**Minimum Deposit to Open Account
Interest Checking

Tier 1 ($0.01 - $24,999.99)

0.04

0.04

$1,000.00

Tier 2 ($25,000.00 - $99,999.99)

0.06

0.06

$1,000.00

Tier 3 ($100,000.00 & over)

0.08

0.08

$1,000.00

Account LevelInterest RateAPY*Minimum Deposit to Open Account
Money Market Accounts

Tier 1 ($.01 - $9,999.99)

0.10

0.10

$2,500.00

Tier 2 ($10,000.00 - $24,999.99)

0.25

0.25

$2,500.00

Tier 3 ($25,000.00 - $99,999.99)

0.30

0.30

$2,500.00

Tier 4 ($100,000.00 - $499,999.99)

0.35

0.35

$2,500.00

Tier 5 ($500,000.00 & over)

0.50

0.50

$2,500.00

**Annual Percentage Yield (APY) based on monthly compounding. APY assumes interest remains on deposit. APY is determined based on the current rate and minimum deposit required to open account. Fees and/or withdrawal of interest will reduce earnings. The interest rate and APY is variable and may change.

Account TypeInterest RateAPY**Minimum Deposit to Open Account
Other Deposit Accounts

Statement Savings

0.08

0.08

$10.00 (under age 18)
$50.00 (18 and older)

Passbook Savings

0.08

0.08

$10.00 (under age 18)
$100.00 (18 and older)

Christmas Club

0.08

0.08

$5.00

HOPE Education

1.39

1.40

$10.00

IRA Passbook

0.55

0.55

$50.00

 IRA 18 Month Statement Savings

0.45 

 0.45

$50.00 

IRA 5-Year C.O.D

1.34

1.35

$300.00

**Annual Percentage Yield (APY) based on quarterly compounding. APY assumes interest remains on deposit. APY is determined based on the current rate and minimum deposit required to open account. Fees and/or withdrawal of interest will reduce earnings. The interest rate and APY is variable and may change.

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