Interest Rates

Annual Percentage Yield (APYs) are accurate as of August 10, 2017

(Please contact branch for opening of CDs)

Certificate of Deposit

Member FDIC

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Term Minimum Balance  APY Interest Rate
Certificate of Deposit
Senior Citizens 
5 Years $50,000 2.48% 2.45%
Certificate of Deposit
Senior Citizens
3 Years $50,000 1.91% 1.90%
Certificate of Deposit
Senior Citizens
2 Years $50,000 1.71% 1.70%
Certificate of Deposit
Senior Citizens
1 Year $50,000 1.61% 1.60%
Certificate of Deposit
Consumers and business
6 Months $2,500 1.00% 1.00%
Certificate of Deposit
Consumers and business
3 Months $2,500 0.75% 0.75%
Certificate of Deposit
Consumers &Business 
5 Years $2,500 2.38% 2.35%
Certificate of Deposit
Consumers &Business
3 Years $2,500 1.81% 1.80%
Certificate of Deposit
Consumers &Business
2 years $2,500 1.61% 1.60%
Certificate of Deposit
Consumers &Business
1 Year $2,500 1.51% 1.50%


Above APY would be effective only in case of cumulative interest payment at maturity. APY would change in case interest is withdrawn periodically before maturity. For deposits below $50,000 Senior citizens will also be paid the same interest rate as applicable for consumers & business. 

1) Penalty will be applied for early withdrawal

2) For deposits above $ 1mio, an additional 10 basis points will be paid across maturities from 1 yr to 5 yrs.

Savings & Money Market2


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Minimum Opening Balance & Avoid Fees Minimum Balance to Earn APY APY Interest Rate
Savings
US Based Consumer
$500 $0.01 0.90% 0.90%
Savings
Non US Based Consumer
$2,500 $0.01 0.90% 0.90%
Money Market Deposit
US Based Consumer
$5,000 $0.01 0.85% 0.85%
Money Market Deposit
Non US Based Consumer
$10,000 $0.01 0.85% 0.85%
Money Market Deposit
US Based Business & Associations
$5,000 $0.01 0.60% 0.60%
Money Market Deposit
Non US Based Business & Associations
$10,000 $0.01 0.60% 0.60%

2) Variable rate accounts – rate may change after the account is opened. Fees may reduce earnings

Note: Consumer Accounts - Account of natural persons

Rates are subject to change at any time at bank’s discretion.

(Currently we are not offering ‘IN-TRUST ’ and ‘TRUST’ Accounts)


Contact Details: rb.chicago@statebank.com , pb.chicago@statebank.com

Tel: 312-621-1200 (Ext 255-212-252)