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|
Western Reserve Bank
Deposit Rates***
Effective May 2, 2008*
|
|
Product Name
|
Minimum To Open
|
Interest Rate
|
APY**
|
|
Interest Checking***
|
$50.00
|
1.00%
|
1.00%
|
|
Reserve 50 Interest Checking****
|
$25.00
|
1.00%
|
1.00%
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*Rates subject to change
**APY - Annual Percentage Yield
***Fees may affect earnings on the account and Interest Rates may change after the account is opened.
****Age 50 and up
|
Market Rate Savings***
(Minimum to open = $50.00)
Effective May 2, 2008*
|
|
Product Name
|
Interest Rate
|
APY**
|
|
$0.00 - $4,999.99
|
1.24%
|
1.25%
|
|
$5,000.00 - $14,999.99
|
1.49%
|
1.50%
|
|
$15,000.00 - $24,999.99
|
2.04%
|
2.06%
|
|
$25,000 +
|
2.14%
|
2.16%
|
*Rates subject to change
**APY - Annual Percentage Yield
*** Fees may affect earnings on the account and Interest Rates may change after the account is opened.
|
Certificates of Deposit / Individual Retirement Accounts****
(Minimum to open = $500.00)
Effective May 2, 2008*
|
|
Product Name
|
Interest Rate
|
APY**
|
|
7-30 day CD
|
1.49%
|
1.50%
|
|
1-3 month CD
|
1.74%
|
1.75%
|
|
4-5 month CD
|
1.74%
|
1.75%
|
|
6-11 month CD/IRA
|
2.47%
|
2.50%
|
|
12-17 month CD/IRA
|
2.72%
|
2.75%
|
|
18-29 month CD/IRA
|
2.86%
|
2.90%
|
|
30-35 month CD/IRA
|
3.15%
|
3.20%
|
|
36-47 month CD/IRA
|
3.40%
|
3.45%
|
|
48-59 month CD/IRA
|
3.64%
|
3.70%
|
|
60 + month CD/IRA
|
3.78%
|
3.85%
|
*Rates subject to change
**APY - Annual Percentage Yield
*** Fees may affect earnings on the account and Interest Rates may change after the account is opened.
****Penalty for early withdrawal
|
CD / IRA Special
Effective May 2, 2008*
|
|
Product Name
|
Minimum To Open
|
Interest Rate
|
APY**
|
|
60 months
|
$500.00
|
3.78%
|
3.85%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
*Rates subject to change
**APY - Annual Percentage Yield
*** Fees may affect earnings on the account and Interest Rates may change after the account is opened.
****Penalty for early withdrawal
|
|
|
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 |
