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To view interest rates for CDs, savings or checking accounts, please click on "Deposit Rates" below. For home, auto,
or consumer loans, please click on "Loan Rates". To review our fees and charges, please click on "Fees".
Deposit Rates
Rates valid September 27 through October 3, 2006
Rates are subject to change and with the exception of certificates of deposit, may change after account is opened. No minimum balances required to open personal checking, personal and business savings, and personal and business tiered money market accounts and interest on these accounts is calculated using the daily balance method. There is no minimum balance required to obtain the Annual Percentage Yield.
| * The Earnings Credit is not subject to the APY disclosure requirements. The Earnings Credit applies only to the Business Analysis Checking Account. |
| Certificates of Deposit* |
| Special CDs**
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Annual Percentage Yield
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| 6 Month CD Special*** |
5.00% |
| 2 year Bump-Up CD+
Take advantage of rising rates without closing your account and incurring an early closing penalty. Get a one-time Bump-Up option as published at the time of your choosing.
Learn more |
3.50% |
Choose Your Own Term CD++
Choose your own maturity date to fit your specific investment needs-from 1 month to 60 months. Earn an increased rate for each and every month invested.
Learn more |
Call or visit branch |
| CD Ladder+++
Earn an extra 1/4 percent (25 basis points) plus balance your exposure to changing interest rates. Open three or more CDs at the same time with different maturities and earn the preferred interest rate. Maturities of each of the three CDs in the Ladder must be separated by at least nine months, $10,000 total minimum invested and each CD must be at least $2,500.
Learn more |
Premium of 1/4% (25 basis points) |
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Regular CD Rates
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Annual Percentage Yield
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| 1 month |
2.00% |
| 3 months |
3.00% |
| 6 months |
5.00% |
| 9 months |
4.00% |
| 1 year |
4.00% |
| 18 months |
4.00% |
| 2 years |
4.00% |
| 3 years |
4.00% |
| 4 years |
4.00% |
| 5 years |
4.25% |
| Bump-Up 2 year |
See 2 year Bump-Up CD Above |
*Early withdrawal (withdrawals before maturity) penalties may apply. All CDs other than those in a CD Ladder require $500.00 minimum balance to open account. There is no minimum balance required to obtain the Annual Percentage Yield shown.
**Special CDs are offered for a limited time.
***APY (Annual Percentage Yield) is available for customers who have or who open an additional Simsbury Bank & Trust Company deposit or loan account. $500 minimum to open the CD account. $250,000 maximum. Limited time offer. Rates and terms subject to change.
+Account receives the one-time Bump Up option at the published Bump Up rate at the time the option is chosen by the customer. At maturity, will renew into a new 2 year CD earning interest at the posted regular 2 year CD rate effective at that time.
++At maturity, will renew for the next shorter regular CD term at the regular rate effective at that time.
+++Maturities of the three CDs must be separated by at least 9 months. $10,000 total minimum invested, each CD at least $2,500. At maturity, each CD in the ladder will renew for its original term and the regular interest rate effective at the time. If any CD in the Ladder is a "Bump-Up" or "Choose Your Own Term" it will renew as in accordance with those Special CD rules.
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| Checking and Savings Rates |
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Personal Checking
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Annual Percentage Yield
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| Interest |
0.10% |
| Senior Interest |
0.10% |
| Pinnacle |
0.10% |
| Personal Savings |
Annual Percentage Yield
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| Statement |
0.40% |
| Passbook |
0.40% |
| Pinnacle |
0.40% |
| Personal Tiered Money Market |
Annual Percentage Yield
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| $0 - $2,499.99 |
0.40% |
| $2,500- $9,999.99 |
0.40% |
| $10,000- $24,999.99 |
0.50% |
| $25,000- $49,999.99 |
0.75% |
| $50,000- $99,999.99 |
1.00% |
| $100,000- $199,999.99 |
1.50% |
| $200,000 and greater |
2.50% |
All rates are subject to change. You can also obtain current rate information at any time by calling The Simsbury Bank Telephone Banking Center at: 860-408-4660.
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Equal Housing Lender
