Certificate Special Rates
7-Month New Money Certificate Special
| Minimum Opening Balance | Term | Interest Rate |
APY*
|
|---|---|---|---|
| $500 + | 7 Months | 4.17% | 4.25% |
|
*APY = Annual Percentage Yield. The Annual Percentage Yield assumes interest remains on deposit until maturity. Rates subject to change at any time. Open with a minimum of $500 from sources outside of Ideal. If combining with existing funds deposited at Ideal, a minimum of $10,000 in additional new money is required. Interest begins to accrue on the business day you deposit any non-cash item (for example, checks). Interest is compounded and credited on a monthly basis. A penalty may be imposed for early withdrawal. Certificate Special is available as a traditional or IRA CD. Penalty for early withdrawal - CDs with maturity dates greater than 12 months will be assessed the lesser of 180 days interest or interest earned/CD with maturity dates 12 months or less will be assessed the lesser of 90 days interest or interest earned. Fees may reduce earnings. |
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High Yield Savings
High Yield Savings Rates
| Balance | Interest Rate | APY* |
|---|---|---|
| $25,000 - $99,999.99 | 3.59% | 3.65% |
| $100,000 - $499,999.99 | 3.73% | 3.80% |
| $500,000 + | 3.97% | 4.05% |
| *APY = Annual Percentage Yield. Rates subject to change at any time. Interest is compounded and paid monthly. Minimum $25,000 to open account. If balance falls below $25,000, the account will earn 0.00% APY. Interest begins to accrue on the business day you deposit any non-cash item. Fees may reduce earnings. | ||
High Yield Checking
High Yield Checking Rates
| Balance | Interest Rate | APY* |
|---|---|---|
| Non-Qualified | 0.05% | 0.05% |
| $0 - $20,000.00 | 4.89% | 5.00% |
| $20,000.01+ Balances $0 - $20,000.00 will earn 5.00 % APY if all requirements continue to be met. Only amounts $20,000.01 and over will earn 0.05% APY. |
0.05% | 0.05% |
| *APY = Annual Percentage Yield. Rates subject to change at any time. Minimum $50 deposit required to open account. Required monthly criteria to earn 5.00% APY includes: 1.) Have a minimum qualified $1,500 direct deposit of salary, pension, Social Security or other regular income electronically deposited through the Automated Clearing House (ACH) network to this checking account by employer or an outside agency. 2.) Conduct a minimum of 20 debit card purchase transactions made in good faith, initiated and cleared within a given statement cycle (minimum $3.00 per purchase). 3.) Be enrolled in eStatements. Rates subject to change at any time. Accounts closed within 6 months of opening incur a $25.00 fee. |
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