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The Bank of Fincastle Deposit Rates
Account Product Name Minimum Opening Deposit Minimum Balance to Obtain
Annual Percentage Yield
Interest Rate Annual Percentage Yield
CDs        
6 Month Certificate of Deposita  $1000.00  $1000.00c 0.65% 0.65%
9 Month Certificate of Deposita  $1000.00d  $1000.00c 2.25% 2.25%
12 Month Certificate of Deposita  $100.00  $100.00c 1.10% 1.10%
12 Month No Penalty Certificate of Deposit  $100.00  $100.00c 0.90% 0.90%
24 Month Certificate of Deposita  $1000.00d  $1000.00c 2.75% 2.75%
24 Month ADD-ON CDa $1,000.00 $1,000.00c    
      Daily balances of:        
      Up to $24,999     2.23% 2.25%
      $25,000 and up     2.33% 2.35%
36 Month “Step Up” Certificate of Depositab  $1,000.00  $1,000.00c 1.35% 1.36%
36 Month Certificate of Deposita  $100.00  $100.00c 1.55% 1.56%
60 Month Certificate of Deposita  $100.00  $100.00c 2.10% 2.12%
IRAs        
6 Month Individual Retirement Accounta $100.00 $100.00c 0.65% 0.65%
12 Month Individual Retirement Accounta $100.00 $100.00c 1.10% 1.10%
24 Month Individual Retirement Accounta $100.00 $100.00c 1.45% 1.46%
36 Month Individual Retirement Accounta  $100.00  $100.00c 1.55% 1.56%
60 Month Individual Retirement Accounta  $100.00  $100.00c 2.10% 2.12%
 Premier Money Market Accountb  $2,500.00      
Daily balances of:        
 Up to $2,499.99     0.30% 0.30%
 $2,500.00 and up     0.40% 0.40%
 Interest Checking NOW Accountb  $500.00      
 Daily balances of:        
 Up to $24,999.99     0.15% 0.15%
 25,000.00 and up     0.20% 0.20%
 Statement Savings Account  $25.00   0.15% 0.15%
 Holiday Savings Club  $25.00   0.15% 0.15%
 SmartBusiness Money Marketb  $2,500.00      
 Daily balances of:        
Up to $2,499.99     0.15% 0.15%
 $2,500.00 – $99,999.99     0.20% 0.20%
$100,000.00 and up     0.50 0.50
 SmartBusiness Interest Checkingb  $150.00  $2,500.00c 0.10% 0.10%

 

a) A penalty may be imposed for early withdrawal.

b) The interest rate and annual percentage yield may change after account opening.

c) Daily balance. The amount of the principal in the account each day.

d) Minimum opening deposit of $1,000, new money not held by The Bank of Fincastle.

Fees could reduce the earnings on the account. Interest rates and annual percentage yields are current as of September 11, 2018 and are subject to change daily. Certain restrictions may apply.  See your branch professional for further details, terms and conditions. For current rate information please call The Bank of Fincastle at (540) 473-2761.