Savings Accounts
The State Bank of Riverdale has savings accounts with competitive interest rates.
| Account Types
|
Compounds
|
Minimum Average Daily Balance
|
Interest Rate
|
APY
|
| Savings Account
|
Quarterly
|
None
|
0.50%
|
0.50%
|
|
|
|
|
|
|
The interest rate and annual percentage yield may change. At our discretion we may change the interest rate on your account at any time. Fees may reduce earnings. Rates are effective as of 2/1/2011.
Money Market Accounts
The interest rate and annual percentage yield will depend on the ledger balance in your account each day.
| Balance
|
Interest Rate
|
APY
|
| .01 to $24,999.99
|
.50%
|
.50%
|
| $25,000.00 to $49,999.99
|
0.99%
|
1.00%
|
| $50,000.00 to $99,999.99
|
0.99%
|
1.00%
|
| $100,000.00 to $9,999,999.99
|
1.04%
|
1.05%
|
To earn the above interest rate and annual percentage yield you must maintain a minimum ledger balance of $5,000.00.
The interest rate and annual percentage yield may change. At our discretion we may change the interest rate on your account at any time.
Fees may reduce earnings. Rates are effective as of 2/1/2011.
Certificates of Deposit
The State Bank of Riverdale offers CD’s at competitive rates and terms to fit the needs of your financial goals. The following are the specials being offered...
** Annual Percentage Yield
| CD'S
|
Interest Rate
|
APY**
|
| 14 month $5,000.00-$24,999.99
|
1.29%
|
1.30%
|
| 14 month $25,000.00-$74,999.99
|
1.29%
|
1.30%
|
| 14 month Over $75,000.00
|
1.29%
|
1.30%
|
| 24 Month $5,000.00-$24,999.99
|
1.39%
|
1.40%
|
| 24 Month $25,000.00-$74,999.99
|
1.39%
|
1.40%
|
| 24 Month Over $75,000.00
|
1.39%
|
1.40%
|
The APY assumes interest will remain on deposit until maturity. A penalty may be imposed for early withdrawl, and may reduce earnings. Interest rates and yields are subject to change without notice.
The interest rate and annual percentage yield may change. At our discretion we may change the interest rate on your account at any time. Fees may reduce earnings. Rates are effective as of 2/1/2011.