Savings and Certificate of Deposit (CD) Interest Rates
Current deposit rates for savings accounts and CDs
Savings Accounts
| Account Type | Interest Rate | APY | Minimum Balance |
|---|---|---|---|
| High-Yield Savings | 4.20% | 4.25% | $100 |
| Money Market Account | 3.80% | 3.85% | $2,500 |
| Basic Savings | 0.50% | 0.50% | $25 |
Special Interest Rate CDs
$5,000 minimum opening deposit
| Term | Special Interest Rate | APY | Renewal Term |
|---|---|---|---|
| 6 Months | 4.30% | 4.35% | 6 Months |
| 12 Months | 4.70% | 4.75% | 12 Months |
| 18 Months | 4.55% | 4.60% | 12 Months |
Standard Fixed Rate CDs
$2,500 minimum opening deposit
| Term | Interest Rate | APY | Minimum Deposit |
|---|---|---|---|
| 3 Months | 3.95% | 4.00% | $1,000 |
| 6 Months | 4.30% | 4.35% | $1,000 |
| 12 Months | 4.70% | 4.75% | $1,000 |
| 24 Months | 4.45% | 4.50% | $1,000 |
| 36 Months | 4.30% | 4.35% | $1,000 |
| 60 Months | 4.20% | 4.25% | $1,000 |
Important Information
APY (Annual Percentage Yield): The APY is a percentage rate that reflects the total amount of interest paid on the account, based on the interest rate and the frequency of compounding for a 365-day period.
Savings Accounts: Interest is compounded daily and paid monthly. Interest Rates and APYs for all savings accounts are variable and can be changed by the Bank at any time. Fees could reduce earnings.
CD Accounts: The Annual Percentage Yields (APYs) and Interest Rates shown are offered on accounts accepted by the Bank and effective for the dates shown above, unless otherwise noted. Interest Rates are subject to change without notice. CD rates are fixed for the term of the account. A penalty may be imposed for early withdrawal from a CD.
Special Interest Rate CDs: Special Interest Rate CDs require a $5,000 minimum opening deposit unless otherwise noted. Public funds are not eligible for these offers. Special Interest Rates are applicable to initial term only. At maturity, Special Interest Rate CDs will automatically renew for the Renewal Term stated above, at the interest rate and Annual Percentage Yield (APY) in effect on the maturity date for CDs not subject to a Special Interest Rate.
Early Withdrawal Penalties: Other than the Regulation D penalty, any money withdrawn from the CD before the end of its term will be subject to an early withdrawal penalty based on the length of the CD term:
- Less than 90 days (or less than 3 months), the penalty is 1 month's interest
- 90 to 365 days (or 3-12 months), the penalty is 3 months' interest
- Over 12 months through 24 months, the penalty is 6 months' interest
- Over 24 months, the penalty is 12 months' interest
Klamma Bank, N.A. Member FDIC.
QSR-12202025-6721727.1.1
LRC-0624