(1) Annual percentage yield. Rate may change after account opening. APY is accurate as of March 1, 2024, 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 the following requirements for the MAXX Checking™ account: 15 Visa® debit card transactions posted per statement cycle (excludes ATM-based transactions); Receive your monthly statements via eStatements; Enroll in Personal Online Banking; Set up at least one direct deposit or direct debit. Valid email address required. A $5 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. 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%. New accounts currently available to residents of the State of Iowa, Wisconsin and Minnesota only.
(2) Annual Percentage Yield accurate as of May 1, 2024. CD needs to be open 7 business days prior to closing the CD. Penalty for early withdrawal. Minimum of $500 required to earn 4.25% APY. Checking relationship required. Institutional/business funds not eligible.
(3) The Money Market is a tiered rate account. Minimum opening deposit of $1000 required. Minimum balance to earn interest is $1000. You can view today’s rates and additional balance requirements by visiting the Cedar Rapids Bank website.