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Sugar River Bank

CD & IRA Rates

Rates effective: June 3, 2020

Certificates of Deposit

Minimum Deposit to Open Account and to Obtain APY* Term Interest Rate Annual Percentage Yield (APY*) Additional Deposit Monthly
$500.00  6 months  .15%  .15%  $0
 $500.00     1 Year .25% 
.25%   $0
 $500.00    2 Years  .40%  .40%  $0
 $500.00    3 Years .45% .45% $0
 $500.00     4 Years .50%  .50%  $0
 $500.00    5 Years .65%  .65%  $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* Term Interest Rate Annual Percentage Yield (APY*) Additional Deposit Minimum
  $10.00 18 Month Variable .07% .07% $10.00
$100.00 1 Year .25% .25% $100.00
$500.00 2 Years .40% .40% $0
$500.00  3 Years .45% .45% $0
  $500.00   4 Years  .50% .50%   $0
  $500.00   5 Years  .65% .65%   $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.