Voted Best of The Vineyard for the last 10 years in a row.
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Rates Effective Thursday, May 17, 2012
Business Checking Accounts
Account
|
Minimum Balance
to Open
|
Minimum Daily
Balance to Earn A.P.Y. |
Interest
Rate |
Annual Percentage
Yield |
| Smart Business Checking Account |
$10.00 |
N/A |
N/A |
N/A |
| *Business NOW Account |
$10.00 |
$10.00 - $49,999.99
$50,000.00-$99,999.99
$100,000.00 + |
0.02%
0.02%
0.02%
|
0.02%
0.02%
0.02%
|
Business Savings Accounts
Account
|
Minimum Balance
to Open
|
Minimum Daily Balance
to Earn A.P.Y
|
Interest
Rate |
Annual Percentage
Yield |
*Business
Statement
Savings Accounts |
$10.00 |
$10.00 |
0.20% |
0.20% |
Business Money Markets
Account
|
Minimum Balance
to Open
|
Minimum Daily Balance
to Earn A.P.Y
|
Interest
Rate |
Annual Percentage
Yield |
*Business
Money Market
Account |
$2,500.00 |
$10.00 - $2,499.99
$2,500.00 - $24,999.99
$25,000.00 - $49,999.99
$50,000.00 - $99,999.99
$100,000.00 + |
0.05%
0.20%
0.25%
0.35%
0.45% |
0.05%
0.20%
0.25%
0.35%
0.45% |
*Business
Clipper Ship
Money Market
Account |
$100,000.00 |
$10.00 - $99,999.99
$100,000.00 +
|
0.05%
0.30%
|
0.05%
0.30%
|
*Business
Sweep Money
Market Account |
$2,500.00 |
$10.00 - $2,499.99
$2,500.00 - $24,999.99
$25,000.00 - $49,999.99
$50,000.00 - $99,999.99
$100,000.00 + |
0.02%
0.05%
0.10%
0.20%
0.30% |
0.02%
0.05%
0.10%
0.20%
0.30% |
Certificate of Deposit
Short and long term Certificates of Deposit are an excellent way to safely preserve principal while earning a higher rate of interest.
Account
|
Minimum Balance
to Open |
Minimum Daily
Balance to Earn A.P.Y. |
Interest
Rate |
Annual Percentage
Yield |
| 3 Month Certificate |
$1,000.00 |
$1,000.00 |
0.10% |
0.10% |
| 6 Month Certificate |
$1,000.00 |
$1,000.00 |
0.20% |
0.20% |
6 Month Clipper
Ship Certificate |
$1,000.00 |
$1,000.00 |
0.25% |
0.25% |
| 1 Year Certificate |
$1,000.00 |
$1,000.00 |
0.40% |
0.40% |
1 Year Clipper
Ship Certificate |
$1,000.00 |
$1,000.00 |
0.45% |
0.45% |
| 18 Month Certificate |
$1,000.00 |
$1,000.00 |
0.50% |
0.50% |
|
18 Month Clipper
Ship Certificate
|
$1,000.00 |
$1,000.00 |
0.55% |
0.55% |
| 2 Year Certificate |
$1,000.00 |
$1,000.00 |
0.70% |
0.70% |
| 3 Year Certificate |
$1,000.00 |
$1,000.00 |
0.90% |
0.90% |
| 4 Year Certificate |
$1,000.00 |
$1,000.00 |
1.14% |
1.15% |
| 5 Year Certificate |
$1,000.00 |
$1,000.00 |
1.24% |
1.25% |
Annual Percentage Yield = Yield when principal and interest are left on deposit. Annual Percentage Yields greater than the Interest Rate show the effect of monthly compounding. Certificates of Deposit are subject to penalty for early withdrawal. With fixed rate term accounts, rates are guaranteed for the length of the term. Fees could reduce the earnings on the account.
*Variable rate accounts- rates are subject to change at any time after the account is opened.
Contact a bank representative for further information about applicable fees and terms.
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