Personal - Deposits - Deposit Rates Scott State Bank

Federal Deposit Insurance Corporation - FDIC-Insured - Backed by the full faith and credit of the U.S. Government

business man using calculator

Deposit Rates

Annual Percentage Yields (APY) are accurate as of August 29, 2024

Checking Accounts

DescriptionCompoundingInterest Rate*APY**Minimum Balance to obtain APY

Description


Advantage Checking*

Compounding


Monthly

Interest Rate*


0.01%

APY**


0.01%

Minimum Balance to obtain APY


$100

Description


NOW Account*

Compounding


Monthly

Interest Rate*


0.05%

APY**


0.05%

Minimum Balance to obtain APY


$1,000

Health Savings Accounts*

DescriptionCompoundingInterest Rate*APY**Minimum Balance to obtain APY

Description


$0.01-$4,999.99

Compounding


Monthly

Interest Rate*


0.05%

APY**


0.05%

Minimum Balance to obtain APY


$100

Description


$5,000-$9,999.99

Compounding


Monthly

Interest Rate*


0.30%

APY**


0.30%

Minimum Balance to obtain APY


$5,000

Description


$10,000-$24,999.99

Compounding


Monthly

Interest Rate*


0.35%

APY**


0.35%

Minimum Balance to obtain APY


$10,000

Description


$25,000-$49,999.99

Compounding


Monthly

Interest Rate*


0.50%

APY**


0.50%

Minimum Balance to obtain APY


$25,000

Description


$50,000 and above

Compounding


Monthly

Interest Rate*


0.75%

APY**


0.75%

Minimum Balance to obtain APY


$50,000

Savings Accounts

Description Compounding Interest Rate* APY** Minimum Balance to obtain APY

Description


Savings*

Compounding


Semi-Annually

Interest Rate*


0.05%

APY**


0.05%

Minimum Balance to obtain APY


$10

Description


Regular Money Market*

Compounding


Monthly

Interest Rate*


0.20%

APY**


0.20%

Minimum Balance to obtain APY


$2,500

Premium Plus Money Market*

Description Compounding Interest Rate* APY** Minimum Balance to obtain APY

Description


$10,000-$24,999.99

Compounding


Monthly

Interest Rate*


0.30%

APY**


0.30%

Minimum Balance to obtain APY


$10,000

Description


$25,000-$49,999.99

Compounding


Monthly

Interest Rate*


0.40%

APY**


0.40%

Minimum Balance to obtain APY


$25,000

Description


$50,000-$94,999.99

Compounding


Monthly

Interest Rate*


0.50%

APY**


0.50%

Minimum Balance to obtain APY


$50,000

Description


$95,000 and over

Compounding


Monthly

Interest Rate*


1.20%

APY**


1.21%

Minimum Balance to obtain APY


$95,000

Christmas Club*

Description Compounding Interest Rate* APY** Minimum Balance to obtain APY

Description


$1.00-$5,000.00

Compounding


Semi-Annually

Interest Rate*


3.00%

APY**


3.00%

Minimum Balance to obtain APY


$1.00

Description


$5,000.01 and up

Compounding


Semi-Annually

Interest Rate*


0.05%

APY**


3.00% to 0.05%

Minimum Balance to obtain APY


$5,000.01

IRAs

Description Compounding Interest Rate* APY** Minimum Balance to obtain APY

Description


12 Month - Fixed

Compounding


At Maturity

Interest Rate*


1.00 %

APY**


1.00%

Minimum Balance to obtain APY


$n/a

Description


18 Month - Variable*

Compounding


At Maturity

Interest Rate*


0.90%

APY**


0.90%

Minimum Balance to obtain APY


$n/a

Certificates of Deposit

Description Compounding Interest Rate* APY** Minimum Balance to obtain APY

Description


6 Month

Compounding


Semi-Annually

Interest Rate*


0.80%

APY**


0.80%

Minimum Balance to obtain APY


$1,000

Description


9 Month Special

Compounding


At Maturity

Interest Rate*


4.00%

APY**


4.02%

Minimum Balance to obtain APY


$10,000

Description


12 Month

Compounding


Semi-Annually

Interest Rate*


1.00%

APY**


1.00%

Minimum Balance to obtain APY


$1,000

Description


18 Month

Compounding


Semi-Annually

Interest Rate*


1.20%

APY**


1.20%

Minimum Balance to obtain APY


$1,000

Description


24 Month

Compounding


Semi-Annually

Interest Rate*


1.20%

APY**


1.20%

Minimum Balance to obtain APY


$1,000

Description


30 Month

Compounding


Semi-Annually

Interest Rate*


1.50%

APY**


1.51%

Minimum Balance to obtain APY


$1,000

Description


36 Month

Compounding


Semi-Annually

Interest Rate*


1.50%

APY**


1.51%

Minimum Balance to obtain APY


$1,000

Description


60 Month

Compounding


Semi-Annually

Interest Rate*


1.50%

APY**


1.51%

Minimum Balance to obtain APY


$1,000

*The Interest Rate shown for accounts may change after the account is opened.
**The Annual Percentage Yield (APY) assumes funds will remain on deposit for a full period until maturity. Some of the accounts listed may require a Minimum Balance to open and/or a minimum daily balance. A penalty may be imposed for early withdrawal of a Certificate of Deposit (CD). Fees could reduce earnings on accounts.