Savoy Bank Interest Rates

Find our competitive account rates below.

Product Name
Minimum Opening Deposit
Minimum Balance to Earn APY
Interest Rate
APY Rate
Business Interest Checking
Tier 1
$500.00
$0.00
0%
0%
Tier 2
$500.00
$5,000.00
0.20%
0.20%
Tier 3
$500.00
$50,000.00
0.20%
0.20%
Tier 4
$500.00
$100,000.00
0.35%
0.35%
Escrow Accounts
Attorney Escrow/IOLA
0.25%
0.25%
Rental Security Escrow
0.10%
0.10%
Business Money Market
Tier 1
$100.00
$0.00
0%
0%
Tier 2
$100.00
$500.00
0.20%
0.20%
Tier 3
$100.00
$10,000.00
0.55%
0.55%
Tier 4
$100.00
$100,000.00
0.60%
0.60%
Tier 5
$100.00
$1,000,000.00
0.65%
0.65%
Tier 6
$100.00
$3,000,000.00
0.70%
0.70%
Business Savings
Tier 1
$25.00
$0.00
0%
0%
Tier 2
$25.00
$25.00
0.20%
0.20%
Tier 3
$25.00
$1,000.00
0.20%
0.20%
Tier 4
$25.00
$10,000.00
0.55%
0.55%
Tier 5
$25.00
$100,000.00
0.60%
0.60%
Tier 6
$25.00
$1,000,000.00
0.65%
0.65%
Tier 7
$25.00
$3,000,000.00
0.70%
0.70%
Interest Checking
Tier 1
$100.00
$0.00
0.00%
0.00%
Tier 2
$100.00
$500.00
0.20%
0.20%
Tier 3
$100.00
$10,000.00
0.20%
0.20%
Now Account
Tier 1
$500.00
$0.00
0.00%
0.00%
Tier 2
$500.00
$1,000.00
0.20%
0.20%
Tier 3
$500.00
$100,000.00
0.20%
0.20%
Personal Money Market
Tier 1
$100.00
$0.00
0.00%
0.00%
Tier 2
$100.00
$500.00
0.20%
0.20%
Tier 3
$100.00
$10,000.00
0.55%
0.55%
Tier 4
$100.00
$100,000.00
0.60%
0.60%
Tier 5
$100.00
$1,000,000.00
0.65%
0.65%
Tier 6
$100.00
$3,000,000.00
0.70%
0.70%
Personal Savings
Tier 1
$25.00
$0.00
0.00%
0.00%
Tier 2
$25.00
$25.00
0.20%
0.20%
Tier 3
$25.00
$1,000.00
0.20%
0.20%
Tier 4
$25.00
$10,000.00
0.55%
0.55%
Tier 5
$25.00
$100,000.00
0.60%
0.60%
Tier 6
$25.00
$1,000,000.00
0.65%
0.65%
Tier 7
$25.00
$3,000,000.00
0.70%
0.70%
CDs
90 Day CD
$2,000.00
0.20%
0.20%
180 Day CD
$2,000.00
0.30%
0.30%
1 Year CD
$2,000.00
0.60%
0.60%
18 MONTH CD
$2,000.00
0.60%
0.60%
2 Year CD
$2,000.00
0.65%
0.65%
3 Year CD
$2,000.00
0.65%
0.65%
4 Year CD
$2,000.00
0.65%
0.65%
5 Year CD
$2,000.00
0.65%
0.65%
10 YEAR CD
$2,000.00
0.70%
0.70%
90 DAYS JUMBO CD
$100,000.00
0.20%
0.20%
180 DAYS JUMBO CD
$100,000.00
0.30%
0.30%
Jumbo 1 Year CD
$100,000.00
0.60%
0.60%
18 MONTH JUMBO CD
$100,000.00
0.60%
0.60%
Jumbo 2 Year CD
$100,000.00
0.65%
0.65%
Jumbo 3 Year CD
$100,000.00
0.65%
0.65%
Jumbo 4 Year CD
$100,000.00
0.65%
0.65%
Jumbo 5 Year CD
$100,000.00
0.65%
0.65%
Jumbo 10 Year CD
$100,000.00
0.70%
0.70%
IRAs
1 Year IRA
$2,000.00
0.60%
0.60%
18 Month IRA
$2,000.00
0.60%
0.60%
2 Year IRA
$2,000.00
0.65%
0.65%
3 Year IRA
$2,000.00
0.65%
0.65%
4 Year IRA
$2,000.00
0.65%
0.65%
5 Year IRA
$2,000.00
0.65%
0.65%
10 Year IRA
$2,000.00
0.70%
0.70%
Jumbo 1 Year IRA
$100,000.00
0.60%
0.60%
Jumbo 18 MONTH IRA
$100,000.00
0.60%
0.60%
Jumbo 2 Year IRA
$100,000.00
0.65%
0.65%
Jumbo 3 Year IRA
$100,000.00
0.65%
0.65%
Jumbo 4 Year IRA
$100,000.00
0.65%
0.65%
Jumbo 5 Year IRA
$100,000.00
0.65%
0.65%
Jumbo 10 Year IRA
$100,000.00
0.70%
0.70%

All Annual Percentage Yields (APYs) are as of 3/17/2021.

* Annual Percentage Yields (APYs) may change after account is open if not a term account. Certificate of Deposits (CDs) Annual Percentage Yields (APYs) are fixed for term of the account.

† If account balance goes below minimum opening balance requirement, fees may apply. Fees may reduce earnings. Outbound wire fees always applies.

†† On certificates of deposit (CDs) Annual Percentage Yields (APYs) are based on interest compounded daily for CDs opened at less than $100,000.00. Interest will not compound on CDs opened at $100,000.00 or more. APY assumes interest remains on deposit until maturity. A withdrawal or fees will reduce earnings on the account. A penalty may be charged for early withdrawal.