Deposit Account Rates

Get a great rate on your account

Effective as of April 25, 2024

All rates and terms for certificates of deposit & individual retirement accounts (IRAs)

TERM Online Application APY*
$1,000 minimum deposit
6 months Open Online 4.95%

7 months

   1.66%
8 months   1.71%
9 months   1.71%
10 months   1.76%
11 months   1.76%

12 months

 Open Online 4.75%
13 months   1.81%
15 months   1.81%
15 months Access** (CD only)  

1.81%

$10,000 min to open (new money)
16 months   1.86%
17 months   1.86%

18 months

   1.86%
19 months   1.91%
20 months   1.91%
23 months   1.91%
24 months Open Online 2.02%
27 months   2.02%
30 months   2.22%
36 months   2.27%
48 months Open Online 2.27%
60 months Open Online 2.32%

Variable Rate Individual Retirement Accounts
18 month Variable***   1.97%

 

Current rates apply to new CDs and renewals at maturity only.

*The Annual Percentage Yield (APY) is based on quarterly compounding. Unless otherwise noted, you must maintain a minimum balance of $1,000 to open the account and obtain the APY. Penalty for early withdrawal, which may reduce earnings.

**The Access CD offers a guaranteed annual percentage yield with the flexibility of penalty free withdrawals. Withdrawals made during the 6 days after opening or 6 days after each subsequent withdrawal will be assessed a penalty, which may reduce earnings. Requires $10,000 minimum to open

***Variable Rate IRA rate is subject to change after the account is opened. No minimum balance required to open account or obtain APY.

 

 

Effective as of April 25, 2024

Checking account rates

Simply Free Plus checking

$1000 minimum to open
When activity requirements met**
Balance Interest Rate APY Range*
$0.01 to $100,000 3.85% 3.92%
Over $100,000 1.00% 1.30%–3.92%
When activity requirements not met**
Balance Interest Rate APY Range*
$0.01 or more 0.05% 0.05%

**Statement cycle activity requirements: 12 debit card purchases posted (excludes ATM transactions), receive paperless statements via online banking (requires ongoing valid email address), access online banking, direct deposit posted.

 

Simply Free Platinum checking

Suggested opening deposit of $50
Balance Interest Rate APY*
$100 to $4,999.99 0.25% 0.25%
$5,000 to $9,999.99 0.50% 0.50%
$10,000 to $24,999.99 0.60% 0.60%
$25,000 and over 0.70% 0.70%

You must maintain a daily minimum balance of $100 to obtain the APY.

Effective as of April 25, 2024

Money Market account rates

Value Edge Money Market Account

$10,000 minimum to open
Balance Interest Rate APY* Promotional APY
Less than $10,000 1.30% 1.31%  
$10,000 to $49,999.99 1.85% 1.87% Up to 4.00%*
$50,000 to $99,999.99 2.45% 2.48% Up to 4.00%*
$100,000 to $249,999.99 2.75% 2.78% Up to 4.00%*
$250,000 to $499,999.99 3.00% 3.04% Up to 4.00%*
$500,000 and over 3.50% 3.56% Up to 4.00%*

 

*Offer not valid for primary accountholder on either an existing Value Edge Money Market Account (MMA) or a Value Edge MMA closed within the last 120 days. Open a new Value Edge MMA and receive 4.00% Annual Percentage Yield (APY) on balances of $10,000 or more for 12 months from account opening; balances under $10,000 will earn an APY of 1.31%. After the first 12 months, the standard Value Edge MMA variable interest rate and APY tiers will apply, depending on the daily balance of the account. See current deposit account rates; rates subject to change. Fees may reduce earnings. $10,000 opening deposit required in new money. Promotion available 5/1/2024 to 6/28/2024. Cannot be combined with other offers. Member FDIC. 

Effective as of April 25, 2024

Savings account rates

Simply Savings account

Suggested opening deposit of $25
Balance Interest Rate APY*
$0.01 or more 0.50% 0.50%

 

Simply Savings Student account

Suggested opening deposit of $25
Balance Interest Rate APY*
$0.01 or more 0.50% 0.50%

 

*The Annual Percentage Yield (APY) is based on monthly compounding. Rates subject to change at any time. Special restrictions may apply. Fees may reduce earnings.

Effective as of January 1, 2023

Health savings account rates

Balance Interest Rate APY*
Less than $2,500 0.25% 0.25%
$2,500 to $9,999 1.25% 1.26%
$10,000 to $24,999.99 1.75% 1.76%
$25,000 and over 2.00% 2.02%

*The Annual Percentage Yield (APY) is based on monthly compounding. Rates subject to change at any time. Special restrictions may apply. Fees may reduce earnings.