Deposit Rates

 

Deposit Rates

A savings program is an important part of any financial plan. To assist you in maximizing your savings goals, we offer a variety of FDIC-insured plans.

EFFECTIVE DATE: February 21, 2017 Quoted rates and products subject to change daily without notice. Contact us directly for the most current rates. 

Certificate of Deposit Accounts (CD)
ProductsMinimum Balance to OpenMinimum Balance to Earn InterestInterest Rate 7APY 0, 7
6 Months $500.00 $500.00 0.10% 0.10%
9 Months $500.00 $500.00 0.10% 0.10%
11 Month Advantage 1 $500.00 $500.00 0.25% 0.25%
12 Months $500.00 $500- $9,999.00 0.20% 0.20%
~ ~ $10,000- $24,999.00 0.25% 0.25%
~ ~ $25,000- $49,999.00 0.30% 0.30%
~ ~ $50,000.00 and over 0.35% 0.35%
12 Month Wealth Builder $250.00
$250.00
.25% rate increase for automatic
monthly deposit of $25 or more
from Anchor Bank checking account 
0.10% 0.10%
16 Month Flex CD 3 $500.00 $500.00 0.77% 0.77%
17 Months 2,3,7 $2,500 $2,500 1.70% 1.71%
18 Months $500.00 $500.00 0.50% 0.50%
20 Month Advantage 1 $500.00 $500.00 0.35% 0.35%
24 Month Bump 3,4 $2,000.00 $2,000.00 0.25% 0.25%
POWERHOUSE (30 Month) 3,5,8 $10,000.00 $10,000.00 0.50% 0.50%
30 Months $500.00 $500.00 0.45% 0.45%
36 Months $500.00 $500.00 1.15% 1.16%
48 Months $500.00 $500.00 1.35% 1.36%
60 Months $500.00 $500.00 2.00% 2.02%
Jumbo 30-365 Days $100,000.00 $100,000.00 Rates Available Upon Request

 

Ladder Certificate of Deposit
TermsMinimum Balance to OpenMinimum Balance to Earn InterestInterest Rate 7APY 0, 7
6 Months6 $25,000.00 $10,000.00   0.15%  0.15%
12 Months6 $25,000.00  $10,000.00 0.20% 0.20%
18 Months6 $25,000.00  $10,000.00 0.30% 0.30%
24 Months6 $25,000.00   $10,000.00  0.35%  0.35%

 

Individual Retirement Accounts (IRA)
ProductsMinimum Balance to OpenMinimum Balance to Earn InterestInterest Rate 7APY 0, 7
18 Month Variable 3 $50.00 $50.00 1.12% 1.12%
18 Months $50.00 $50.00 0.50% 0.50%
24 Month Growth $50.00
$50.00
.25% rate increase for automatic
 monthly deposit of $25 or more 
from Anchor Bank checking account 
0.25% 0.25%
30 Months $100.00 $100.00 0.45% 0.45%
48 Months $100.00 $100.00 1.35% 1.36%

 

Savings Accounts
ProductsMinimum Balance to OpenMinimum Balance to Earn InterestInterest Rate 7APY 0, 7
Statement Savings3 $100.00 $100.00 0.15%  0.15% 
Youth Savings3 $5.00 $5.00 0.10% 0.10%

 

Checking Accounts Earning Interest
ProductsMinimum Balance to OpenMinimum Balance to Earn InterestInterest Rate 7APY 0, 7
Interest Checking3 $200.00 $1,000.00 0.05%  0.05% 
Interest Business Checking3 $100.00 $100- $999.00 0.00%  0.00% 
 ~ ~ $1,000- $4,999.00 0.05% 0.05%
 ~ ~ $5,000- 9,999.00 0.05% 0.05%
 ~ ~ $10,000- $14,999.00 0.05% 0.05%
 ~ ~ $15,000 and over 0.05% 0.05%
Premium Business Checking $200.00 $0- $9,999.00 Earnings Allowance 0.03% 
 ~ $10,000 and over $10,000 and over Earnings Allowance 0.52% 

 

Health Savings Accounts (HSA)
 Products                      Minimum Balance to Open Minimum Balance to Earn Interest    Interest Rate 7         APY 0, 7
 Health Savings3 $50.00 $1- $999.00 0.05% 0.05%
 ~ ~ $1,000- $4,999.00 0.05% 0.05%
 ~ ~ $5,000- $9,999.00 0.05% 0.05%
 ~ ~ $10,000- $14,999.00 0.10% 0.10%
 ~ ~ $15,000 and over 0.15% 0.15%

 

Money Market Accounts
ProductsMinimum Balance to OpenMinimum Balance to Earn InterestInterest Rate 7APY  0, 7
Golden Money Market3 $1,000.00 $1,000- $2,499.00 0.05%  0.05% 
 ~ ~ $2,500- $9,999.00 0.05% 0.05%
 ~ ~ $10,000- $24,999.00 0.10% 0.10%
 ~ ~ $25,000- $49,999.00 0.10% 0.10%
 ~ ~ $50,000 and over 0.15% 0.15%
Trade Wind Money Market3 $2,500.00 $0.01- $4,999.00 0.05%  0.05% 
 ~ ~ $5,000- $9,999.00  0.05% 0.05%
 ~ ~ $10,000- $24,999.00  0.05% 0.05%
 ~ ~ $25,000- $49,999.00  0.10% 0.10%
 ~ ~ $50,000- $74,999.00  0.15% 0.15%
 ~ ~ $75,000 and over  0.15% 0.15%
Navigator Money Market3 $1000.00 $0- $999.00  0.00%  0.00% 
 ~ ~ $1,000- $24,999.00  0.05% 0.05%
 ~ ~ $25,000- $99,999.00  0.10% 0.10%
 ~ ~ $100,000 and over  0.15% 0.15%
Premier Money Market3 $100,000.00 $0- $99,999.00 0.00% 0.00% 
 ~ $100,000- $249,999.00 0.30% 0.30% 
 ~ $250,000- $499,999.00 0.40% 0.40% 
 ~ ~ $500,000 and over 0.50% 0.50% 
Relationship Money Market3,7,9 $25,000 $25,000 & Over 1.00% 1.01%

Fees may reduce earnings. 

Footnotes:

0Annual Percentage Yield- Quoted rates and products are subject to change daily without notice.

1 Available to Beyond Checking customers only. CD will be closed if DDA is closed and early withdrawal will apply.

2 Converts to an 18 Month CD at maturity.

3 Rates may change after account opening.

4 Bump CD rate will not decrease, but may increase once at customer's option, to the current rate.

5 Unlimited additions on deposits of $1,000 or more. Rate will not decrease, but may increase twice at customer's option during the term, to the current rate.

6 Ladder CD must consist of four individual certificates that will roll to 24 Month terms at maturity. Minimum opening deposit of $25,000.00 in each CD, maximum of $90,000.00 in each CD.
   Be aware of the $250,000.00 FDIC coverage per ownership. Consumer accounts only, no business accounts.

An Anchor Bank checking other than Anchor Free Checking or Basic Checking is required to open this account and maintain rate.

8 Consumer customers only, no business accounts.

9 Must be opened with at least $25,000.00 in funds from outside Anchor Bank.

Early withdrawal from Certificates and IRAs may result in substantial penalty.

 

 

 

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