Personal Deposit Rates
Whether you are saving for a rainy day or a special occasion, we can help you grow your money with our personal deposit rates. Let us partner with you in your financial journey, and help you find the right account to suit your savings plan.
Rates are accurate as of Thursday, November 21, 2024
CD Rates
| Term | |||||
|---|---|---|---|---|---|
| 182 Day | |||||
| 12 month | |||||
| 18 month | |||||
| 24 month | |||||
| 30 month | |||||
| 36 month | |||||
| 42 month | |||||
| 48 month | |||||
| 60 month | |||||
APY compounded semi-annually. Penalty for early withdrawal
IRA
| Term | |||||
|---|---|---|---|---|---|
| Variable IRA | |||||
| 12 month IRA | |||||
| 18 month IRA | |||||
| 42 month IRA | |||||
APY compounded semi-annually. Penalty for early withdrawal if not of age.
Peak and Prime Accounts
| Amount | Rate | APY |
|---|---|---|
| $300 - $4,999.99 | 0.06% | 0.06% |
| $5,000 - $24,999.99 | 0.06% | 0.06% |
| $25,000 + | 0.11% | 0.11% |
APY compounded daily. Variable Rate
Statement Savings & Smart Savers Club
| Amount | Rate | APY |
|---|---|---|
| $50 - $24,999.99 | 0.06% | 0.06% |
| $25,000 + | 0.11% | 0.11% |
APY compounded daily. Variable Rate
Savings Clubs - Holiday Club & Vacation Club
| Rate | APY | |
|---|---|---|
| With automatic deduction | 2.00% | 2.00% |
| Without automatic deduction | .75% | .75% |
Simple interest paid at end of term. Automatic funds transfer from a 1st Summit Bank checking or savings account. The Annual Percentage Yield (APY) is current as of the current date and will remain in effect until account maturity – Holiday Club matures in October and Vacation Club matures in April. APY will revert to .75% if Automatic Funds Transfer from a 1st Summit Bank account of $20 or more per month does not occur. The account will earn the quoted APY for amounts up to $12,000.99 and any amount greater will receive no interest. Fees could reduce earnings on the account. Withdrawals will result in account closure and are subject to a $25 fee and loss of interest.
Personal and Non-profit Insured Money Market Accounts
| Amount | Rate | APY |
|---|---|---|
| $300 - $24,999.99 balances | 0.06% | 0.06% |
| $25,000 - $99,999.99 balances | 0.06% | 0.06% |
| $100,000 - $199,999.99 balances | 0.11% | 0.11% |
| $200,000 - $499,999.99 | 0.21% | 0.21% |
| $500,000 - $999,999.99 | .75% | .75% |
| $1,000,000 & over | 1.00% | 1.00% |
APY compounded daily. Variable Rate
Advantage Plus Money Management
| Amount | Rate | APY |
|---|---|---|
| AP MM $.01-$24,999.99 (existing APs only) | 0.06% | 0.06% |
| AP MM $25,000 - $99,999.99 | 0.06% | 0.06% |
| AP MM $100,000 - $199,999.99 | 0.11% | 0.11% |
| AP MM $200,000 - $499,999.99 | .21% | .21% |
| AP MM $500,000 - $999,999.99 | .75% | .75% |
| AP MM $1,000,000 & over | 1.00% | 1.00% |
APY compounded daily. Variable rate. The above term A.P.Y. represents Annual Percentage Yield. Fees may reduce the earnings on the account. We may change the interest rate and A.P.Y after the account is opened for variable rate accounts.
Let's Talk About Your Savings Plan
*Relationship Rate: Available to customer who has four or more unique services with the bank. Services include Consumer Checking, Business Checking, Savings, Smart Savers Account, Money Market, Holiday Club, Certificate of Deposit, Credit Card Merchant Service, Mortgage Loan, Personal Line/Loan, VISA® Credit Card, Commercial Line/Loan, Trust/Estate, Brokerage, Safe Deposit Box.
