DEPOSIT ACCOUNTS INTEREST RATES

THE CORDER BANK

Member FDIC

(effective February 3, 2021)

 CERTIFICATES OF DEPOSIT

        Term in months                                           Interest Rate                                Annual Percentage Yield (APY)

              3                                                                       0.05                                                                    0.05

              6                                                                       0.15                                                                    0.15

             12                                                                      0.25                                                                    0.25

             18 renewal only                                                 0.25                                                                    0.25

             24                                                                      0.40                                                                    0.40

             30 renewal only                                                 0.40                                                                    0.40

             36                                                                      0.55                                                                    0.55

             48                                                                      0.80                                                                    0.80

             60                                                                      1.10                                                                    1.10

The minimum balance to obtain the APY is $500.00.

A penalty may be imposed for early withdrawal.

A withdrawal of the earnings will reduce the APY.   

INTEREST RATES ON OTHER ACCOUNTS

Money Market Plus  

        (balances below $1,000.00)                                                                    .00%                          .00

        (balances at $1,000.00 & below $25,000.00)                                      0.05%                        0.05

        (balances at $25,000.00 & below $50,000.00)                                    0.15%                        0.15

        (balances at $50,000.00 and above)                                                     0.20%                        0.20

Passbook Savings (minimum balance to open the account is $25)       0.05%                       0.05

IRA Savings                                                                                               0.10                            0.10

NOW Accounts                                                                                         0.05                            0.05

Interest begins to accrue no later than the business day we receive credit of non-cash items (e.g. checks)

We use the average daily balance method to calculate interest on your account.

The interest rate and APY may change after account opening.

The minimum balance required to obtain the APY is 0.00.

Fees could reduce the earnings on the account.

For current rate information call (660) 394-2333

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