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473 Broadway Saratoga Springs, NY 12866
Phone: 518-584-5844

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Deposit Rates

Rates are accurate as of: September 19, 2014

Savings Accounts

Instrument APY Interest Rate Compounded Minimum Balance
Regular Passbook
.10%
.10%
Quarterly
$50.00 daily balance to avoid $1.00 per quarter fee
Golden Passbook
.10%
.10%
Quarterly
$100.00 daily balance to avoid $1.00 per quarter fee
Statement Savings
.10%
.10%
Monthly
$100.00 daily balance to avoid $1.00 monthly fee

All interest rates and Annual Percentage Yields (APYs) are accurate as indicated above and are subject to change any time without prior notice. A penalty will be imposed for early withdrawal. Fees may reduce earnings. The Annual Percentage Yield (APY) assumes principal and interest will remain on deposit until maturity.

(1) IRA Accounts are not subject to the minimum balance requirements.

 

NOW/ Health Savings/Money Market

Instrument APY Interest Rate Compounded Minimum Balance
NOW Account (1)
.05%
.05%
Monthly
$500.00
Health Savings Account*
1.00%
1.00%
Monthly
$0.01
Money Market (MMDA) (2)
.10%
.10%
Monthly
$2,500.00
High Yield Money Market
.10%
.10%
Monthly
None - Monthly Fee $5.00
High Peaks Tiered Money Market (3)
I
.25%
.25%
Monthly
$200,000.00 and over
II
.20%
.20%
Monthly
$100,000.00 - $199,999.99
III
.15%
.15%
Monthly
$50,000.00 - $99,999.99
IV
.10%
.10%
Monthly
Under $50,000.00 (4)
Corporate High Peaks Tiered Money Market (5)
I
.25%
.25%
Monthly
$500,000.00 and over
II
.20%
.20%
Monthly
$200,000.00-$499,999.99
III
.15%
.15%
Monthly
$15,000.00-$199,999.99 (6)

(1) Not available to businesses
(2) MMDA rate reverts to NOW rate when average balance falls below minimum.
(3) Available to individuals only.
(4) A minimum balance fee of $15.00 will be imposed every month if the balance in the account falls below $15,000 any day of the month.
(5) Available to businesses and non-profit organizations. Not available to municipalities.
(6) A minimum balance fee of $20.00 will be imposed every month if the balance in the account falls below $15,000 on any day of the month.

All interest rates and Annual Percentage Yields (APYs) are accurate as indicated above and are subject to change any time without prior notice. A penalty will be imposed for early withdrawal. Fees may reduce earnings. The Annual Percentage Yield (APY) assumes principal and interest will remain on deposit until maturity.

(1) IRA Accounts are not subject to the minimum balance requirements.

Certificate of Deposit

Instrument APY Interest Rate Compounded Minimum Balance
7 Days CD
.10%
.10%
Simple
$500
32 Days CD
.10%
.10%
Simple
$500
91 Days CD/IRA
.10%
.10%
Simple
$500 (1)
182 Days CD/IRA
.15%
.15%
Simple
$500 (1)
1 Year CD/IRA
.20%
.20%
Quarterly
$500 (1)
2 Year CD/IRA
.35%
.35%
Quarterly
$500 (1)
3 Year CD/IRA
.50%
.50%
Quarterly
$500 (1)

All interest rates and Annual Percentage Yields (APYs) are accurate as indicated above and are subject to change any time without prior notice. A penalty will be imposed for early withdrawal. Fees may reduce earnings. The Annual Percentage Yield (APY) assumes principal and interest will remain on deposit until maturity.

(1) IRA Accounts are not subject to the minimum balance requirements.