Deposit Rates
Deposit Rates as of June 20, 2016
| Special Terms | Interest | Annual Percentage Yield (APY) | Min. to Open | Min. Balance to Earn APY |
|---|---|---|---|---|
| 5 Year Relationship CD* | 1.80% | 1.80% | $500.00 | $500.00 |
| 27 Month SPECIAL | .90% | .90% | $2,500.00 | $2,500.00 |
* This offer requires the account holder to have a Premier Choice Checking Account. In addition, each month the interest accrued on the certificate of deposit will be automatically deposited into your Premier Choice Checking account. After account opening, the APY will be reduced to 0.80% if either of the two conditions are not met.
| Terms | Interest | APY | Min. to Open | Min. Balance to Earn APY |
|---|---|---|---|---|
| 3 Months | .15% | .15% | $500.00 | $500.00 |
| 6 Months1 | .20% | .20% | $500.00 | $500.00 |
| 9 Months | .30% | .30% | $500.00 | $500.00 |
| 1 Year1 | .40% | .40% | $500.00 | $500.00 |
| 1.5 Years1 | .50% | .50% | $500.00 | $500.00 |
| 2 Years1 | .85% | .85% | $500.00 | $500.00 |
| 2.5 Years | .90% | .90% | $500.00 | $500.00 |
| LIQUID CD: 3 Years; variable1* | .65% | .65% | $500.00 | $500.00 |
| 3 Years; Fixed Rate1 | 1.14% | 1.15% | $500.00 | $500.00 |
| 4 Years1 | 1.34% | 1.35% | $500.00 | $500.00 |
| 5 Years1 | 1.69% | 1.70% | $500.00 | $500.00 |
1Also available for IRA’s
* Product allows customer to make deposits at any time without affecting the maturity date. One (1) penalty free withdrawal allowed per quarter, consisting of funds on deposit longer than seven (7) days. The rate may change after the account is opened.
| Terms | Interest | APY | Min. to Open | Min. Balance to Earn APY |
|---|---|---|---|---|
| Classic Savings (Passbook) | .10% | .10% | $10.00 | $100.00 |
| Christmas Club (Passbook) | .10% | .10% | $10.00 | $10.00 |
| Statement Savings | .10% | .10% | $10.00 | $100.00 |
| e-Choice Savings | .15% | .15% | $10.00 | $100.00 |
| Premier Choice Savings: This account links directly with your Premier Checking account, making you eligible for preferred interest rates |
.25% | .25% | $10.00 | $50,000.00 or more |
| .20% | .20% | $10.00 | $25,000.00 to $49,999.99 | |
| .15% | .15% | $10.00 | $10,000.00 to $24,999.99 | |
| .10% | .10% | $10.00 | $100.00 to $9.999.99 | |
| 0.00% | 0.00% | $10.00 | Under $100.00 |
| Terms | Interest | APY | Min. to Open | Min. Balance to Earn APY |
|---|---|---|---|---|
| Free Choice | N/A | N/A | $25.00 | N/A |
| e-Choice | N/A | N/A | $25.00 | N/A |
| 18/65 Choice | .05% | .05% | $25.00 | $100.00 or more |
| Unlimited Choice NOW | .05% 0.00% |
.05% 0.00% |
$25.00 $25.00 |
$100.00 or more Under $100 |
| Premier Choice | .20% | .20% | $25.00 | Over $50,000.00 |
| .15% | .15% | $25,000.00 to $49,999.99 | ||
| .10% | .10% | $10,000.00 to $24,999.99 | ||
| .05% | .05% | $5,000.00 to $9,999.99 | ||
| .05% | .05% | $100.00 to $4,999.99 | ||
| 0.00% | 0.00% | Under $100.00 | ||
| Choice Free Business | N/A | N/A | $250.00 | N/A |
| Choice 200 Business | N/A | N/A | $250.00 | N/A |
| Premier Choice Business Analysis | N/A | N/A | $250.00 | N/A |
| Choice IOLTA | .20% | .20% | $25.00 | Over $50,000.00 |
| .15% | .15% | $25,000.00 to $49,999.99 | ||
| .10% | .10% | $10,000.00 to $24,999.99 | ||
| .05% | .05% | $5,000.00 to $9,999.99 | ||
| .05% | .05% | $100.00 to $4,999.99 | ||
| 0.00% | 0.00% | Under $100.00 | ||
| Choice Non-Profit | N/A | N/A | $100.00 | N/A |
| Terms | Interest | APY | Min. to Open | Min. Balance to Earn APY |
|---|---|---|---|---|
| Personal Money Market | .30% | .30% | $100.00 | Over $50,000.00 |
| .20% | .20% | $25,000.00 to $49,999.99 | ||
| .15% | .15% | $10,000.00 to $24,999.99 | ||
| .10% | .10% | $100.00 to $9,999.99 | ||
| 0.00% | 0.00% | Under $100.00 | ||
| Choice Business Money Market | .25% | .25% | $100.00 | Over $75,000.00 |
| .20% | .20% | $50,000.00 to $74,999.99 | ||
| .15% | .15% | $25,000.00 to $49,999.99 | ||
| .10% | .10% | $100.00 to $24,999.99 | ||
| 0.00% | 0.00% | Under $100.00 | ||
| Municipal Money Market | .20% | .20% | $100.00 | Over $75,000.00 |
| .15% | .15% | $50,000.00 to $74,999.99 | ||
| .15% | .15% | $25,000.00 to $49,999.99 | ||
| .10% | .10% | $100.00 to $24,999.99 | ||
| 0.00% | 0.00% | Under $100.00 |
Product offers, interest rates, Annual Percentage Yields (APY) and all terms and other information provided on this rate sheet are subject to change without notice. The appropriate disclosures will be mailed to you upon your request. You may request these documents before opening your account, and we urge you to verify current information, by calling 1-888-MECHANICS (632-4264).
Personal and Business Money Market, Premier Choice and Unlimited Choice NOW accounts may be subject to maintenance or activity fees that could reduce earnings on the account. The interest rate on variable rate accounts may change after the account has been opened. Fixed rate CD and IRA rates are guaranteed for the length of the specified term. A substantial penalty may be imposed for early withdrawal of a certificate of deposit.
Certain other restrictions may apply.
