Martha's Vineyard Savings Bank

Rates Effective Sunday, December 4, 2016

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 +
0.01%
0.01%
0.01%

0.01%
0.01%
0.01%

 

Business Savings Accounts

Account
Minimum Balance
to Open
Minimum Daily Balance 
to Earn A.P.Y
Interest
Rate
Annual Percentage
Yield
*Statement Savings Account $10.00 $10.00 0.10% 0.10%

 

Business Money Markets

Account
Minimum Balance
to Open
Minimum Daily Balance 
to Earn A.P.Y
Interest
Rate
Annual Percentage
Yield
*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 +
0.01%
0.05%
0.10%
0.25%
0.40%
0.01%
0.05%
0.10%
0.25%
0.40%
*Clipper Ship Money Market Account $100,000.00 $10.00 - $99,999.99
$100,000.00 +
 
0.01%
0.20%
 
0.01%
0.20%
 
*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 +
0.01%
0.02%
0.05%
0.10%
0.20%
0.01%
0.02%
0.05%
0.10%
0.20%

 

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 0.35% 0.35%
1 Year Clipper
Ship Certificate
$1,000.00 $1,000.00 0.45% 0.45%
18 Month Certificate $1,000.00 $1,000.00 0.45% 0.45%

18 Month Clipper
Ship Certificate

$1,000.00 $1,000.00 0.50% 0.50%
2 Year Certificate $1,000.00 $1,000.00 0.80% 0.80%
3 Year Certificate $1,000.00 $1,000.00 0.90% 0.90%
4 Year Certificate $1,000.00 $1,000.00 1.25% 1.26%
5 Year Certificate $1,000.00 $1,000.00 1.40% 1.41%

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.

Member FDIC Member DIF

Member FDIC
Depositors Insurance Fund
Equal Housing Lender
Surcharge-Free ATMs
REPORT A LOST OR STOLEN CARD
Touch to call a number below:
During normal business hours:
508-696-9201 (then press 6)
Outside of normal business hours:
800-554-8969
REPORT A LOST OR STOLEN CARD
During normal business hours:
Call 508-696-9201 (then press 6)
Outside of normal business hours:
Call 800-554-8969
Rates subject to change - Martha's Vineyard Savings Bank NMLS ID# 483244