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Sugar River Bank

CD & IRA Rates

Rates effective: March 25 , 2020

Certificates of Deposit

Minimum Deposit to Open Account and to Obtain APY*TermInterest RateAnnual Percentage Yield (APY*)Additional Deposit Monthly
$500.00 6 months .15% .15% $0
 $500.00    1 Year.30% .30%  $0
 $500.00   2 Years .45% .45% $0
 $500.00   3 Years.60%.60%$0
 $500.00    4 Years.65% .65% $0
 $500.00   5 Years.80% .80% $0


CDs: Interest is not compounded on CDs under 1 year. Over 1 Year interest is Compounded Monthly.

A penalty may be imposed for early withdrawal.

All Rates are subject to change without notice.

  • Please verify rates by calling your nearest branch office.
  • Additional restrictions may apply for out of area deposits, please call for details.
  • Penalties may reduce earnings.
  • Minimum balance required to obtain Annual Percentage Yield (APY).
  • Monthly interest may be transferred to any Statement account.
  • Interest checks are available from CD's with balances in excess of $10,000.

*Annual Percentage Yield ( APY) is achieved if principal and interest accumulate at the original rate for one year.

 

IRA Certificates of Deposit

Minimum Deposit to Open Account and to Obtain APY*TermInterest RateAnnual Percentage Yield (APY*)Additional Deposit Minimum
  $10.0018 Month Variable.07%.07%$10.00
$100.001 Year.30%.30%$100.00
$500.002 Years.45%.45%$0
$500.00 3 Years.60%.60%$0
  $500.00  4 Years .65%.65%  $0
  $500.00  5 Years .80%.80%  $0


A penalty may be imposed for early withdrawal.

  • Penalties may reduce earnings.
  • Minimum balance required to obtain Annual Percentage Yield (APY).
  • Annual Percentage Yield ( APY) is achieved if principal and interest accumulate at the original rate for one year.