 |
|
Updated at 12:00PM Rates effective as of July 21, 2008
Rates subject to change without notice. |
Deposit Rates |
| |
Annual Percentage Yield |
Simple Interest Rate |
Min.
Balance to earn posted
rate |
# of Days |
Regular Savings Accounts.... |
| Traditional Savings (Passbook) |
1.254% |
1.250% |
$5.00 |
366 |
| Value Savings Statement |
1.254% |
1.250% |
$5.00 |
366 |
First Time Savers Club....
|
| $0 to $1,000.00 (Passbook) |
5.000% |
5.000% less
than $1,000.00
|
$1,000.00 |
366 |
Over $1,000.00 (Passbook)
|
1.625% |
1.625% more
than $1,000.00 |
$1,000.00 |
366 |
|
Money Market Savings Accounts... |
| Traditional
PLUS (Passbook) * |
1.634% |
1.625% |
$1,000.00 |
366 |
| Value
PLUS (Statement) * |
1.634% |
1.625% |
$1,000.00 |
366 |
|
Money
Market Passbook & Statement Account * |
1.254% |
1.250% less
than $1,000.00 |
$5.00 |
366 |
|
*Does not earn
interest if balance falls below $1000
Certificates of Deposit |
| Three Month Certificate |
1.761% |
1.750% |
$1,000.00 |
366 |
| Six Month Certificate |
2.780% |
2.750% |
$1,000.00 |
366 |
| Nine Month Certificate |
2.883% |
2.850% |
$1,000.00 |
366 |
| One Year Certificate |
3.000% |
2.964% |
$1,000.00 |
366 |
| Thirteen Month Certificate |
3.000% |
2.964% |
$1,000.00
|
366
|
|
Fifteen Month Certificate |
3.088% |
3.050% |
$1,000.00 |
366 |
| Eighteen Month Certificate |
3.500% |
3.450% |
$1,000.00 |
366 |
| Twenty-one Month Certificate Advantage Rate CD |
3.500% |
3.450% |
$1,000.00 |
366 |
| Two Year Certificate |
3.500% |
3.450% |
$1,000.00 |
366 |
| 2 1/2 Year Certificate |
3.150% |
3.110% |
$1,000.00 |
366 |
| Three Year Certificate |
3.150% |
3.110% |
$1,000.00 |
366 |
| Four Year Certificate |
4.000% |
3.933% |
$1,000.00 |
366 |
| Five Year Certificate |
4.250% |
4.174% |
$1,000.00 |
366 |
| 2 1/2 Year Variable Rate IRA CD |
3.150% |
3.110% |
$100.00 |
366 |
|
All Certificates of Deposits are available for I.R.A.s |
|
Checking Accounts |
| Hometown Checking |
N/A |
N/A |
N/A |
366 |
| Advantage NOW Checking |
0.250% |
0.250% |
$250.00 |
366 |
| Advantage 50 Checking |
0.250% |
0.250% |
$5.00 |
366 |
| Advantage PLUS Checking* |
1.381% |
1.375% |
$2,500.00 |
366 |
|
Advantage PLUS Checking* |
0.250% |
0.250% less than 2,500 to 1,000 |
$1,000.00 |
366 |
| Commercial Checking- Earnings Credit |
N/A |
0.500% |
N/A |
366 |
|
* Does not earn interest if balance falls below $1000 |
Interest is compounded daily from the day of deposit to the day of withdrawal and is credited monthly. To realize the effective annual yield, principal and interest must remain on deposit for a full year at the original rate.
A substantial interest penalty is required for early withdrawals from certificates of deposit. The rate may change on regular savings and money market accounts after they are opened. Fees may reduce earnings on some accounts. |
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© 2008 Torrington Savings Bank.
All rights reserved.
 Equal Housing Lender.
Member FDIC.
|
