(1) MAXX Checking™ Annual percentage yield (APY). Rate may change after account opening. APY is accurate as of March 1, 2025, and is not an introductory rate. Rates will be paid only for that portion of your daily balance in each tier. 3.33% APY is for daily balances up to $25,000. To obtain the premium APY and ATM refunds, you must have an opening deposit of $100 and meet all of the following requirements per statement cycle for the MAXX Checking™ account: 1) a minimum of 15 Visa® debit card transactions posted per statement cycle (excludes ATM transactions); 2) A minimum of one direct deposit or debit has posted; 3) Receive your monthly statements for this account electronically. Personal online banking enrollment, whether through a browser or our mobile banking app, and a valid email address are required to receive electronic statements. An interest rate of 3.28% will be paid only for that portion of your daily balance that is $25,000 or less. The APY for this tier will be 3.33%. An interest rate of .50% will be paid only for that portion of your daily balance that is greater than $25,000. The APY range for this tier will be 3.33% to 1.07%. If your daily balance is $25,000 or less and you have not met the account requirements, the interest rate and annual percentage yield paid on that portion of your balance will be .10% APY. If your daily balance is greater than $25,000 and you have not met the account requirements, the interest paid on that portion of your daily balance will be .01% with an annual percentage yield range of .10% to .03%. Limit one MAXX Checking™ account per Tax Identification Number. Valid email address required. A $5 paper statement fee will be assessed on all accounts that do not sign up for e-Statements within 90 days of account opening. Fees may reduce earnings. Maximum ATM fee refund of $20 per month. Must meet account requirements to receive refund.
(2) Annual Percentage Yield effective as of March 10, 2025. CD needs to be open 7 business days prior to closing the CD. Penalty for early withdrawal. Minimum of $500 required to earn 4.05% APY. Institutional/business funds not eligible.
(3) The Money Market is a tiered rate account. Minimum opening deposit of $1000 required. Average daily balance of $1000 required to avoid a $5.00 monthly service charge. You can view today’s rates and additional balance requirements by visiting the Cedar Rapids Bank website.