Consumer Rates

Personal/Consumer Rates

Effective Date: January 31, 2024

Prime Rate 8.50% (as published in the Wall Street Journal index)

APY = Annual Percentage Yield
APR = Annual Percentage Rate
LTV = Loan to Value

INTEREST RATES AND TERMS SUBJECT TO CHANGE AT ANY TIME

Personal Accounts Interest Rates

Savings

Account Interest Rate APY
Holiday Club1 5.84% 6.00%
Primary/Secondary2 0.25% 0.25%
Servbank Advantage Savings6 4.89% 5.00%
Servbank Advantage Student Savings7 1.98% 2.00%

Servbank Advantage Checking6

Account Interest Rate APY
$0 - $2,999 0.05% 0.05%
$3,000 - $14,999 1.98% 2.00%
$15,000 + 1.00% 1.0%

Interest Checking4

Balance Interest Rate APY
$0 - $1,999.99 0.00% 0.00%
$2,000 - $24,999.99 0.20% 0.20%
$25,000 + 0.35% 0.35%

Money Market4

Balance Interest Rate APY
$0 - $1,999.99 0.00% 0.00%
$2,000 - $24,999.99 2.00% 2.02%
$25,000 - $74,999.99 2.60% 2.63%
$75,000 - $124,999.99 3.50% 3.56%
$125,000 + 4.00% 4.07%

Certificate of Deposit3

Balance Interest Rate APY
3 Month 2.50% 2.52%
6 Month 3.25% 3.30%
12 Month 3.50% 3.56%
18 Month 3.50% 3.56%
24 Month 3.75% 3.81%
36 Month 4.00% 4.07%
48 Month 4.00% 4.07%
60 Month 4.00% 4.07%

Jumbo Certificate of Deposit ($50,000+)5

Balance Interest Rate APY
3 Month 2.50% 2.52%
6 Month 3.25% 3.30%
12 Month 3.50% 3.56%
18 Month 3.50% 3.56%
24 Month 3.75% 3.81%
36 Month 4.00% 4.07%
48 Month 4.00% 4.07%
60 Month 4.00% 4.07%

1 $10 minimum to open this account, monthly deposit maximum of $1,000 per account, no accrued interest will be paid if the account is closed prior to maturity.
2 No minimum to open this account
3 $500 minimum to open this account
4 $2,000 minimum to open this account
5 $50,000 minimum to open this account
6 For Servbank Advantage Checking Account, if qualifications are met each monthly qualification cycle:  (1) balances up to $15,000 receive APY of 2.00% and (2) balances over $15,000 earn 1.00% on the portion of the balance over $15,000, resulting in a range of 2.00% to 1.01% APY depending on the balance. If qualifications are not met on Servbank Advantage Checking, all balances earn .05% APY. Qualified transactions to obtain featured rate are: minimum monthly direct deposit amount in excess of $1,000.00; minimum average daily balance of $3,000.00; minimum 6 debit card transactions per month; and enrolled in electronic statements. For Servbank Advantage Savings Account, in order to earn 5.00% APY you must meet requirements of Servbank Advantage Checking and be enrolled in electronic statements. If qualifications are not met on Servbank Advantage Checking, all balances earn the Primary/Secondary Savings disclosed rate. Qualifying transactions must post to and settle in a Servbank Advantage Checking account during the monthly qualifying cycle. Transactions may take one or more banking days from the date the transaction was made to post and settle to the account. Domestic ATM fees incurred during the qualification cycle will be reimbursed and credited to the account on the last day of the monthly statement cycle, reimbursement up to $20. ATM-processed transactions do not count towards qualifying debt card transactions. “Monthly Qualification Cycle” means a period beginning one day prior to the first day of the current statement cycle thru one day prior to the close of the current statement cycle. Domestic ATM fees incurred during qualification cycle will be reimbursed if qualifications are met within a monthly qualification cycle. The advertised APY is not based on compounding interest. Actual interest amount paid may be less than advertised APY Interest will not be compounded. Minimum $50 to open a Servbank Advantage Program account. Annual earnings are estimated based on a 12-month period, the interest rate, and assuming a $15,000 average balance during that time.
7 In order to qualify for a Servbank Advantage Student Savings Account, a refferal from someone with an Advantage account is required. The advertised APY is based on compounding interest. The advertised APY is not based on compounding interest. Actual interest amount paid may be less than advertised APY Interest will not be compounded. Minimum $50 to open an account.

Fees can reduce earnings and a penalty may be imposed for early withdrawal on certificate of deposit.