Rates at Valley Banks
Valley Banks Rate Sheet as of November 24, 2009
Type of Account |
Minimum Balance |
Interest
Rate |
APY* |
3 Month CD |
$1,000.00 |
1.10% |
1.10% |
6 Month CD |
$1,000.00 |
1.25% |
1.26% |
12 Month CD |
$1,000.00 |
1.50% |
1.51% |
24 Month CD |
$1,000.00 |
2.00% |
2.02% |
48 Month CD |
$1,000.00 |
2.50% |
2.53% |
On all Certificates of Deposit the interest accrues on the daily balance and is credited monthly. On Certificates of Deposit with a term of one year and less there is a one-month penalty for early withdrawal. On Certificates of Deposit with a term of over one year there is a three-month penalty for early withdrawal. We offer a Certificate of Deposit, any term, in your IRA for a minimum deposit of $10,000 penalties apply.
Rates below may change after the account is open. Fees may reduce earnings.
14 Month Promotional CD
14 MONTH BUMP UP PROMO (Minimum $10,000.00 Deposit) |
2.00% |
2.02% |
This CD features a one-time interest rate Bump UP! If during the term of this CD our 24 month rate goes up above the rate of the promotional rate, the customer may choose to increase the rate on their CD to the new rate on the 24 month CD. This CD is automatically renewable as a 24 month CD at the 24 month rate. You may choose to close the CD without penalty within 10 days after the original maturity. This CD has a 3 month penalty for early withdrawal.
NOW ACCOUNT |
$500.00 |
0.25% |
0.25% |
Interest accrues on the daily balance and is credited monthly.
SAVINGS |
$100.00 |
0.45% |
0.45% |
Interest is compounded daily and is credited monthly. Statements semi-annually unless you have automatic transfers or a cash card then statements are monthly.
IRA & ROTH IRA |
$100.00 |
1.95% |
1.97% |
Interest is compounded daily and is credited monthly.
|
MONEY MARKET
|
||
$  .00 - $ 999.99 |
0.00% |
0.00% |
$ 1,000.00 - $9,999.99 |
0.45% |
0.45% |
$10,000.00 - $24,999.99 |
0.70% |
0.70% |
$25,000.00 - $49,999.99 |
0.70% |
0.70% |
$50,000.00 - and over |
0.80% |
0.80% |
Interest accrues on the daily balance and is credited monthly
SEE A VALLEY BANK EMPLOYEE FOR FURTHER INFORMATION ABOUT THE TERMS ON THESE ACCOUNTS. FINANCIAL INFORMATION FURNISHED UPON REQUEST.
Member FDIC