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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 RatesRates effective August 16, 2010; rates subject to change.
Please keep in mind that 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.
| Certificates of Deposit* | | Special CDs and Options** | Annual Percentage Yield | 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. | 0.90% | 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. | 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 six months, $10,000 total minimum invested and each CD must be at least $2,500. | Premium of 1/4%
(25 basis points) | Year-Round IRA CD CD++
A CD that is open for contributions and rollovers for the entire 15-month term. Speak to a personal banker for details. CD pays same rate on all of the contributions you make or rollovers you add to this account during its entire term. $500 minimum to open account; $100,000 total deposit maximum in this CD. One account per customer. Upon maturity, account will roll into the 12-month term and rate. Early withdrawal penalties may apply. Rate subject to change based on market conditions. | 0.80% | Flexible CD+++
Speak to a personal banker for details. Minimum balance to open and to maintain account is $2,500. Any withdrawal before maturity that reduces the balance to below the minimum balance requirement will result in closing the account and is subject to early withdrawal penalties. Minimum withdrawal of $500 each; withdrawals must be at least 30 days apart; no withdrawals within first or last 30 days of CD term. Minimum additional deposits of $500 each; no limit on number of deposits during CD term; no deposits within first or last 30 days of CD term. Account not valid for IRAs or Health Savings Accounts (HSAs). Electronic transactions not available with this account. Normal FDIC and Simsbury Bank penalties for withdrawals or transactions other than as allowed. Please refer to the "Understanding Our Relationship" brochure for penalties and other information. | Call or visit branch
Flex 9-month, 0.40% |
| | Regular CD Rates | Annual Percentage Yield | | 1 month | 0.20% | | 3 months | 0.30% | | 6 months | 0.50% | | 9 months | 0.60% | | 1 year | 0.80% | | 18 months | 0.90% | | 2 years | 1.20% | | 3 years | 1.80% | | 4 years | 2.15% | | 5 years | 2.40% | | Bump-up 2 year | 0.90% |
| *Early withdrawal (withdrawals before maturity) penalties may apply. All CDs other than those in a CD Ladder require $500 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.
+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 6 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. | | Retirement Certificate of Deposit | | Year 'Round IRA CD**** | Annual Percentage Yield | | A CD that is open for contributions and rollovers for the entire 15-month term. Pays the same rate on all of the contributions you make or rollovers you add to this account during its entire 15-month term. | 0.80% |
| ****$500 minimum to open account; $100,000 total deposit maximum in this CD. One account per customer. Upon maturity, account will roll into the 12-month term and rate. Early withdrawal penalties may apply. Rate subject to change based on market conditions. | | Checking and Savings Rates | | Personal Checking | Annual Percentage Yield | | Interest | 0.05% | | Senior Interest | 0.05% | | Pinnacle | 0.05% |
| | Personal Savings | Annual Percentage Yield | | Statement | 0.20% | | Passbook | 0.20% | | Pinnacle | 0.20% |
| | Personal Tiered Money Market | Annual Percentage Yield | | $0 - $2,499.99 | 0.20% | | $2,500- $9,999.99 | 0.25% | | $10,000- $24,999.99 | 0.30% | | $25,000- $49,999.99 | 0.35% | | $50,000- $99,999.99 | 0.40% | | $100,000 and greater | 0.50% |
| | Special Savings Accounts | Annual Percentage Yield | | Holiday Clubs | 0.25% | | All-Purpose Clubs | 0.25% |
| | Health Savings Account Plans (HSAs) | | Types | Annual Percentage Yield | Tiered HSA Checking
- $2,500+
- $0 - $2,500 | Tiered APY
0.50%
0.25% | | High Yield HSA CD* | For your choice of maturity.
The published rate plus 1/4% |
| *Early withdrawal (withdrawals before maturity) penalties may apply. All CDs other than those in a CD Ladder require $500 minimum balance to open account. There is no minimum balance required to obtain the Annual Percentage Yield shown.
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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
