Effective Date: July 7, 2016

Annual Percentage Yield (APY) and interest rate shown below are effective as of the date above. For more information regarding our bank rates, call 800.461.0672. Interest rates subject to change at Management’s discretion.


All of our deposit accounts and their interest rates:

  • We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit.
  • Fees may reduce earnings. Excluding CDs and IRAs, products listed are variable-rate accounts and your interest rate may change after you open your account.

Product
Interest Rate
Annual Percentage Yield
Interest Checking 0.05% 0.05%
Flagship Checking 0.08% 0.08%
Basic Money Market Account 0.05% 0.05%
Statement Savings 0.05% 0.05%
Passbook Savings 0.05% 0.05%
Holiday Club 0.05% 0.05%
Tiered MMA - Based on Daily Balance

$0 - $4,999.99 0.00% 0.00%
$5,000 - $24,999.99 0.05% 0.05%
$25,000 - $49,999.99
0.10% 0.10%
$50,000 - $149,999.99 0.10% 0.10%
$150,000 - $999,999.99 0.15% 0.15%
$1,000,000+ 0.20% 0.20%
Health Savings Account - Based on Daily Balance

$0 - $999.99 0.05% 0.05%
$1,000 - $2,499.99 0.10% 0.10%
$2,500 - $4,999.99 0.15% 0.15%
$5,000 - $14,999.99 0.20% 0.20%
$15,000+ 0.25% 0.25%
NSBeSavings 0.40% 0.40%
NSBiSavings - Based on Daily Balance

$0 - $4,999.99 0.00% 0.00%
$5,000 - $24,999.99 0.40% 0.40%
$25,000 - $49,999.99 0.60% 0.60%
$50,000 - $99,999.99 0.65% 0.65%
$100,000+ 0.70% 0.70%

IMPORTANT INFORMATION ABOUT OUR BANK RATES:
Checking, Savings, MMAs, Internet Savings

Minimum to Open:

  • Checking accounts have a minimum deposit of $25 to open.
  • Passbook, Statement Savings, Health Savings Accounts, Holiday Clubs, and Money Market Accounts opened in a branch office do not have a minimum deposit to open.
  • Accounts opened online have $25 minimum to open unless noted as higher.
  • NSBeSavings has a $25 minimum to open and can only be opened online.
  • NSBi Savings has a $5,000 minimum to open and can only be opened online.

Minimum to Earn Annual Percentage & Yield:

  • Passbook, Statement Savings, and NSBeSavings have a $10 minimum daily balance to earn Annual Percentage Yield.
  • Basic Money Market Accounts have a $20 minimum daily balance to earn Annual Percentage Yield.
  • Tiered Money Market Accounts and NSBiSavings have a $5,000 minimum daily balance to earn APY.
  • There  is no minimum balance to earn APY on Health Savings Accounts, Interest Checking, Flagship Checking, Business NOW, or Holiday Club accounts.
Product Interest Rate Annual Percentage Yield Early Withdrawal Penalty
3 Month CD & IRA 0.10% 0.10% 30 Days Interest
6 Month CD & IRA 0.15% 0.15% 90 Days Interest
1 Year CD & IRA 0.25% 0.25% 180 Days Interest
15 Month CD & IRA 0.30% 0.30% 180 Days Interest
18 Month CD & IRA 0.50% 0.50% 180 Days Interest
2 Year CD & IRA 0.50% 0.50% 365 Days Interest
3 Year CD & IRA 1.00% 1.00% 365 Days Interest
4 Year CD & IRA 1.24% 1.25% 365 Days Interest
5 Year CD & IRA 1.49% 1.50% 365 Days Interest

IMPORTANT INFORMATION ABOUT OUR RATES:
Certificates of Deposits (CDs)

  • All types of CDs require a minimum deposit of $500 to be opened and to earn the advertised APY.
  • Interest credited may be withdrawn prior to maturity without penalty. The Annual Percentage Yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
  • All Certificates of Deposits will automatically reinvest at maturity for the same or similar term at the rate in effect on that date. The grace period for CDs is ten (10) calendar days.
  • After the account is opened, you may not make deposits into nor withdrawals of principal from this account until the maturity date without substantial penalty. To obtain the Annual Percentage Yield disclosed, principal and interest must remain on deposit for 365 days at the nominal rate of interest.
Definitions of Terms:

  • "Annual Percentage Yield" is the percentage rate reflecting the total amount of interest paid on an account, based on the interest rate and the frequency of compounding for a 365-day period.
  • "Principal" is the amount of funds assumed to have been deposited at the beginning of the account.
  • "Interest" is the total dollar amount of interest earned on the principal for the term of the account.