Interest Rates

Interest Rates


Personal Checking

Account TypeMonthly Service ChargeEarns InterestMinimum BalanceOther RequirementsSmooth Salin RewardsFree ChecksAnnual Percentage Yield
Salin Free CheckingNONENoNONENONEYESNoN/A
Salin e-Interest CheckingNONEYESNONEe-StatementsYESNo0.03%
Salin 50+ Interest CheckingNONEYESNONEAt least one account signer 50 years or betterYESYES0.03%
Salin High Interest Checking$10 if balance falls below $1,500. Otherwise, NONEYES$1,500 balance to avoid a monthly service feeNONEYESYES0.10%
(unlesss balance falls below $1,500, then 0.03%)

Rates are current as of 3/9/18 and are subject to change. Other fees, such as non-sufficient funds, overdraft fees, etc. may apply (see fee schedule for details). These fees may reduce your earnings.
100 points are earned at the time of account opening. Visit www.smoothsalinrewards.com for more details. Up to $10 for checks and debit cards from another financial institution given at the time the checks/debit cards are presented. Minimum opening deposit is only $50. Ask us for details. Bank rules and regulations apply.


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
0.35%
0.20%
0.17%
0.12%
0.35%
0.20%
0.17%
0.12%
Monthly
Statement Savings$50$25,000 & above
$24,999-$5,000
$4,999 - $300
$299 - $0
0.17%
0.14%
0.12%
0.10%
0.17%
0.14%
0.12%
0.10%
Monthly

Variable rate current as of 2/26/2018 and subject to change at any time.
Fees may reduce earnings. *APY = Annual Percentage Yield


Certificates of Deposit

TermMinimum DepositCompoundingRateAnnual Percentage Yield
     
3 Month$1500Maturity0.10%0.10%
6 Month$1500Maturity0.20%0.20%
12 Month $1500Annually0.40%0.40%
18 Month$1500Annually0.50%0.50%
24 Month$1500Annually0.60%0.60%
30 Month$1500Annually0.70%0.70%
36 Month$1500Annually0.80%0.80%
48 Month$1500Annually1.00%1.00%
60 Month $1500Annually1.20%1.20%
SPECIALS    
13 Month $1500Annually2.00%2.00%
25 Month $1500Annually2.25%2.25%
37 Month$1500Annually2.50%2.50%
49 Month$1500Annually2.75%2.75%

Rates are effective 6/7/2018 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:5.25%

 


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$1,500Quarterly0.40%0.40%
36 Month Fixed IRA$1,500Quarterly0.80%0.80%
48 Month Fixed IRA$1,500Quarterly1.00%1.00%
60 Month Fixed IRA$1,500Quarterly1.20%1.20%
12 Month Fixed ROTH IRA$1,500Quarterly0.40%0.40%
36 Month Fixed ROTH IRA$1,500Quarterly0.80%0.80%
60 Month Fixed ROTH IRA$1,500Quarterly1.20%1.20%
12 Month Fixed Education IRA$500Quarterly0.40%0.40%
60 Month Fixed Education IRA$500Quarterly1.20%1.20%

Rates are effective 2/26/2018 and are subject to change. Substantial penalty for early withdrawal.
*APY = Annual Percentage Yield


Health Savings Account

TypeMinimum DepositCompoundingRateAPY*
Health Savings Account$1 - $4,999Monthly0.12%0.12%
Health Savings Account> $5,000Monthly0.17%0.17%

Business Accounts

Account TypeMonthly Service ChargeMonthly Transaction LimitMinimum Monthly Balance to Avoid Maintenance FeesEarns InterestRateBill Pay
Salin Commercial Checking$15Unlimited *Earnings credit rate applied to investable balance, to offset some or all feesNoN/AFREE
Salin Business Interest Checking$10 if balance falls below $1,500. Otherwise, NONE1,000 **$1,500YES0.03%FREE
Salin Free Business CheckingNONE1,000 **NONENoN/AFREE
       

Rates are current as of 3/9/18 and are subject to change. Other fees, such as non-sufficient funds, overdraft fees, etc. may apply (see fee schedule for details). These fees may reduce your earnings.
Minimum opening deposit is only $50. Ask us for details. Bank rules and regulations apply.
* Activity is analyzed and charged on a per-item basis. Fees may be offset by earnings credit generated by the investable balances.
** Transaction items include all debits and credits. If the Salin Free Business or Salin Business Interest account exceeds 1,000 free monthly transactions, the account may be converted to another checking product. If the Salin Free Business or Salin Business Interest account exceeds $10,000 in monthly coin and currency deposits, the account may be converted to another checking product.


Business Savings Accounts

Account TypeMinimum Deposit to OpenMinimum Balance to Avoid Service FeesInterest RateAPY*Compounding
Premier Business Savings$10,000$10,0000.35%
0.20%
0.17%
0.12%
0.35%
0.20%
0.17%
0.12%
Monthly
Statement Business Savings$300$3000.17%
0.14%
0.12%
0.10%
0.17%
0.14%
0.12%
0.10%
Monthly