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Western Reserve Bank
Deposit Rates***
Effective January 3, 2012*
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Product Name
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Minimum To Open
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Interest Rate
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APY**
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Interest Checking***
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$50.00
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0.20%
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0.20%
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Reserve 50 Interest Checking****
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$25.00
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0.45%
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0.45%
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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
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Market Rate Savings***
(Minimum to open = $50.00)
Effective January 3, 2012*
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Product Name
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Interest Rate
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APY**
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$0.00 - $4,999.99
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0.20%
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0.20%
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$5,000.00 - $14,999.99
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0.20%
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0.20%
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$15,000.00 - $24,999.99
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0.25%
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0.25%
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$25,000.00-$99,999.99
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0.30%
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0.30%
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$100,000 - $499,999.99
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0.40%
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0.40%
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$500,000 - $999,999.99
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0.70%
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0.70%
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$1,000,000 +
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0.80%
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0.80%
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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.
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Certificates of Deposit / Individual Retirement Accounts****
(Minimum to open = $500.00)
Effective January 3, 2012*
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Product Name
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Interest Rate
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APY**
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1-3 month CD
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0.15%
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0.15%
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4-5 month CD
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0.15%
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0.15%
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6-11 month CD/IRA
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0.20%
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0.20%
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12-17 month CD/IRA
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0.35%
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0.35%
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18-23 month CD/IRA
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0.45%
|
0.45%
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24-29 month CD/IRA
|
0.55%
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0.55%
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30-35 month CD/IRA
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0.75%
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0.75%
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36-47 month CD/IRA
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0.995%
|
1.0%
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48-59 month CD/IRA
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1.095%
|
1.10%
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60 + month CD/IRA
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1.39%
|
1.40%
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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.
****Penalty for early withdrawal
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**SPECIAL**
Effective January 3, 2012
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Product Name
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Minimum To Open
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Interest Rate
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APY**
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NONE
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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.
****Penalty for early withdrawal
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