Interest Rates

Interest Rates


Personal Checking

Account TypeMinimum Deposit to OpenBalance to Obtain Annual Percentage YieldInterest-bearingAnnual Percentage YieldMonthly Paper Statement FeeMonthly Service FeeHow to Avoid Monthly Service FeeFree Checks
Salin Checking$50No minimum balanceNoNone$3.00
$0.00 with
E-Statements
$0.00NoneNo
Salin E-Checking $50No minimum balance0.02%0.02%$0.00
E-Statements
Required
$5.00E-Statements,
10 Debit Card Point of Sale Transactions,
Direct Deposit*
No
Salin Interest Checking$50
$10,000 & above
$0-$9,999
Yes
0.06%
0.02%

0.06%
0.02%
$0.00$10.00$2,500 minimum
monthly
average balance
One box of Salin
Specialty Blue
per calendar year**

Variable rate current as of 7/24/2017 and subject to change at any time. Fees may reduce earnings.
*Account must be enrolled in E-Statements, have at least one monthly direct deposit and have a minimum of ten (10) "point of sale" debit card transactions posted each monthly statement period, to receive a rebate of the monthly service fee.
**Other check styles may be purchased, cost varies by check style, ask a crewmember for details.
FREE Mobile Banking with Mobile Deposit (There is no charge from Salin Bank, but data carrier charges apply.)
FREE Online E-Statements.
FREE Online Banking with Bill Pay on all checking products.


Personal Savings

Account TypeMinimum Deposit to OpenBalance to Obtain Annual Percentage YieldInterest RateAPY*Compounding
Premier Personal Savings$10,000$100,000 & above
$99,999-$50,000
$49,999 - $10,000
$9,999 - $0
0.15%
0.10%
0.07%
0.02%
0.15%
0.10%
0.07%
0.02%
Monthly
Statement Savings$50$25,000 & above
$24,999-$5,000
$4,999 - $300
$299 - $0
0.07%
0.04%
0.02%
0.02%
0.07%
0.04%
0.02%
0.02%
Quarterly

Variable rate current as of 7/24/2017 and subject to change at any time.
Fees may reduce earnings. *APY = Annual Percentage Yield


Certificates of Deposit

TermMinimum DepositCompoundingRateAnnual Percentage Yield
     
3 Month$1500Maturity0.07%0.07%
6 Month$1500Maturity0.11%0.11%
8 Month $1500Maturity0.11%0.11%
12 Month $1500Annually0.22%0.22%
18 Month$1500Annually0.25%0.25%
24 Month$1500Annually0.30%0.30%
30 Month$1500Annually0.35%0.35%
36 Month$1500Annually0.45%0.45%
48 Month$1500Annually0.60%0.60%
60 Month $1500Annually2.00%2.00%
SPECIALS    
25 Month $1500Annually1.25%1.25%
49 Month $1500Annually1.75%1.75%

Rates are effective 7/24/2017 and are subject to change.
Substantial penalty for early withdrawal.


Home Equity Lines of Credit

Credit HistoryRates *
EXCELLENTPrime minus .26% to Prime plus 1.50%
GOODPrime plus .75% to Prime plus 2.00%
FAIRPrime plus 1.25% to Prime plus 2.50%
Prime Rate is Currently:4.25%

 


IRA Savings Account

TypeMinimum Deposit to Earn RateCompoundingRateAPY*
IRA Savings Tier 1$1 - $9,999Quarterly0.01%0.01%
IRA Savings Tier 2$10,000 - $24,999Quarterly0.01%0.01%
IRA Savings Tier 3$25,000 - $49,999Quarterly0.05%0.05%
IRA Savings Tier 4$50,000 - $99,999Quarterly0.07%0.07%
IRA Savings Tier 5$100,000 & AboveQuarterly0.11%0.11%
$50 minimum to open account    

*Annual Percentage Yield (APY). Payments from your Salin IRA Savings Account are subject to federal income tax withholding, unless you elect no withholding. You may change your withholding election at any time prior to your receipt of a payment. Your withholding election does not affect the amount of income tax you pay. You may incur penalties under the estimated tax rules if your withholding and estimated tax payments are insufficient. You may be required to pay estimated taxes even if you elect withholding. Rates may change after the account is opened. Fees may reduce earnings.


IRA Certificates of Deposit

TypeMinimum DepositCompoundingRateAPY*
12 Month Fixed IRA$1,500Quarterly0.22%0.22%
36 Month Fixed IRA$1,500Quarterly0.45%0.45%
48 Month Fixed IRA$1,500Quarterly0.60%0.60%
60 Month Fixed IRA$1,500Quarterly0.80%0.80%
12 Month Fixed ROTH IRA$1,500Quarterly0.22%0.22%
36 Month Fixed ROTH IRA$1,500Quarterly0.45%0.45%
60 Month Fixed ROTH IRA$1,500Quarterly0.80%0.80%
12 Month Fixed Education IRA$500Quarterly0.22%0.22%
60 Month Fixed Education IRA$500Quarterly0.80%0.80%

Rates are effective 7/24/2017 and are subject to change. Substantial penalty for early withdrawal.
*APY = Annual Percentage Yield


Health Savings Account

TypeMinimum DepositCompoundingRateAPY*
Health Savings Account$1 - $4,999Monthly0.05%0.05%
Health Savings Account> $5,000Monthly0.11%0.11%

Business Accounts

Account TypeMinimum Deposit to OpenMonthly Service FeeMonthly Transaction LimitMinimum Monthly Balance to Avoid Maintenance FeesPaper Statement FeeInterest AvailableBill Pay
Salin Analysis Business Checking$50$15Unlimited *Earnings credit rate applied to investable balance, to offset some or all fees$5Interest is available in lieu of earnings credit for non-profits and municipalities$6.50 monthly****
Salin Premier Business Checking$10,000$15500**$10,000$5YesFree
Salin Business Checking$50$15500**$5,000$5No$6.50 monthly
Salin Small Business Checking$50None150***None$5No$6.50 monthly
Salin Premier Business Savings $10,000$156 withdrawals or debits per month maximum$10,000NoneYes$6.50 monthly
Salin Statement Business Savings$300$36 withdrawals or debits per month maximum$300NoneYes$6.50 monthly
        

Fees may reduce earnings.
NOTE: There is a fee to buy paper checks for all accounts; fees vary depending upon the check style selected. Images of paid checks for all accounts are available online only.
* Activity is analyzed and charged on a per-item basis. Fees may be offset by earnings credit generated by the investable balances.
** Transaction activity includes the following free monthly services: Checks paid, ACH, deposits and deposited items. Once monthly limits are exceeded, a $.20 fee is assessed for Salin Premier Business Checking and Salin Business Checking
*** A $.50 fee is assessed for Salin Small Business Checking for every transaction processed during that statement cycle.
**** Free for ACH Origination clients.
FREE Mobile Banking with Mobile Deposit (There is no charge from Salin Bank, but data carrier charges may apply.)
FREE Online Banking on all checking products.
FREE Salin Bank Debit BusinessCard.
Treasury Management Services allowed on all checking products except Salin Small Business Checking.


Business Savings Accounts

Account TypeMinimum Deposit to OpenMinimum Balance to Avoid Service FeesInterest
Premier Business Savings$10,000$10,000Yes
Salin Business Savings$10,000$10,000Yes
Statement Business Savings$300$300Yes