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Rates

Rates

Checking and Savings

ProductMinimum Average Daily BalanceInterest RateAnnual Percentage Yield (APY)Monthly Service ChargeFixed Rate or Variable Rate***

Checking


$100.00


N/A


N/A


$5.00*


N/A


NOW Checking


$500.00


0.80%


0.80%


$10.00*


Variable


Savings


$100.00**


0.75%


0.75%


N/A


Variable


Money Market


$1,000.00


0.90%


0.90%


$10.00*


Variable


Swell Money Market


$100,000.00


1.50%


1.51%


$75.00*


Variable


Health Savings


$100.00


0.75%


0.75%


N/A


Variable


Health Money Market


$1,000.00


0.90%


0.90%


$10.00*


Variable

* Service charge only applicable if minimum average daily balance not maintained.
**Minimum average daily balances not applicable to accounts held by individuals 17 and under.
*** Variable rates may change after the account is opened.
Annual percentage yield is accurate as of 7/13/2018.
Fees could reduce the earnings on the accounts.

Transaction Limitations: Transfers from a Money Market or Savings Account to another account at State Bank of Newburg or to third parties by preauthorized, automatic, internet or telephone transfer (including check, draft or debit card) are limited to six per month.

Full disclosures of all products provided at time of account opening or upon request.

CD and IRA

ProductMinimum
Opening Balance
Interest Will Be CreditedInterest RateAnnual
Percentage
Yield (APY)
Fixed Rate or Variable Rate

3 mo Certificate
of Deposit


$1,000.00


At Maturity - under $10,000
Monthly - $10,000 or above


1.40%
1.40%


1.40%
1.41%


Fixed


6 mo Certificate
of Deposit


$1,000.00


At Maturity - under $10,000
Monthly - $10,000 or above


1.50%
1.50%


1.50%
1.51%


Fixed


12 mo Certificate
of Deposit


$500.00


At Maturity - under $10,000
Monthly - $10,000 or above


1.90%
1.90%


1.90%
1.92%


Fixed


24 mo Certificate
of Deposit


$500.00


Annually - under $10,000
Monthly - $10,000 or above


2.20%
2.20%


2.20%
2.22%


Fixed


36 mo Certificate
of Deposit


$500.00


Annually - under $10,000
Monthly - $10,000 or above


2.55%
2.55%


2.55%
2.58%


Fixed


60 mo Certificate
of Deposit


$500.00


Annually - under $10,000
Monthly - $10,000 or above


2.95%
2.95%


2.95%
2.99%


Fixed


Classic IRA
(not available for new accts)


$500.00


Quarterly


2.00%


2.02%


Variable


18 mo Variable
Rate IRA


$500.00


Quarterly


2.25%


2.27%


Variable

A penalty may be imposed for early withdrawal.
Annual percentage yield is accurate as of 7/13/2018.
Fees could reduce the earnings on the accounts.

Full disclosures of all products provided at time of account opening or upon request.

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Checking

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IRA