Rates

Rates

Account Product Name Minimum Opening Deposit Minimum Balance to Obtain Annual Percentage Yield Interest Rate Annual Percentage Yield
6 Month Individual Retirement Accounta $100.00 $100.00c 0.15% 0.15%
12 Month Individual Retirement Accounta $100.00 $100.00c 0.30% 0.30%
24 Month Individual Retirement Accounta $100.00 $100.00c 0.50% 0.50%
36 Month Individual Retirement Accounta $100.00 $100.00c 0.70% 0.70%
60 Month Individual Retirement Accounta $100.00 $100.00c 1.29% 1.30%
7-90 Day Certificate of Deposita $1,000.00 $1,000.00c 0.05% 0.05%
6 Month Certificate of Deposita $1,000.00 $1,000.00c 0.15% 0.15%
9 Month Certificate of Deposita $5,000.00 $5,000.00c 0.20% 0.20%
1 Year Certificate of Deposita $100.00 $100.00c 0.30% 0.30%
1 Year No Penalty Certificate of Deposit $100.00 $100.00c 0.20% 0.20%
14 Month Certificate of Deposita $5,000.00 $5,000.00c 0.35% 0.35%
2 Year Certificate of Deposita $100.00 $100.00c 0.50% 0.50%
36 Month "Step Up" Certificate of Depositab $1,000.00 $1,000.00c 0.60% 0.60%
3 Year Certificate of Deposita $100.00 $100.00c 0.70% 0.70%
60 Month Certificate of Deposita $100.00 $100.00c 1.29% 1.30%
Premier Money Market Accountb $2,500.00
Daily balances of:
Up to $2,499.99 0.30% 0.30%
$2,500.00 and up 0.40% 0.40%
Interest Checking NOW Accountb $500.00
Daily balances of:
Up to $24,999.99 0.15% 0.15%
25,000.00 and up 0.20% 0.20%
Statement Savings Account $25.00 0.30% 0.30%
Holiday Savings Club $25.00 0.30% 0.30%
Business Money Marketb $2,500.00
Daily balances of:
Up to $2,499.99 0.30% 0.30%
$2,500.00 and up 0.40% 0.40%
Business NOWb $500.00
Daily balances of:
Up to $24,999.99 0.15% 0.15%
$25,000.00 and up 0.20% 0.20%
Business Savings $25.00 0.30% 0.30%

 

a) A penalty may be imposed for early withdrawal.

b) The interest rate and annal percentage yield may change after account opening.

c) Daily balance. The amount of the principal in the account each day.

Fees could reduce the earnings on the account. Interest rates and annual percentage yields are current as of October 17, 2014. For current rate information please call The Bank of Fincastle at (540) 473-2761. For customers in the Bedford area, please contact The Bank of Fincastle's Bedford location at (540) 587-6544.