Online Rate Specials for You from Reliance Bank

Money Market Deposit Account - Online Special

Effective Date: Thursday, May 24, 2018
Type Minimum Balance
to Open
Interest Rate(1) APY(2) Minimum Balance
to Obtain APY
 
Money Market Deposit Account$5000.02%0.02%$50 Open Now
0.05%0.05%$5,000
0.10%0.10%$15,000
0.15%0.15%$50,000
0.25%0.25%$100,000

1 Online Only Rates. Rates are variable and may change after the account is opened.
2 Fees may reduce the earnings on the account.


Savings Rates - Online Special

Effective Date: Thursday, May 24, 2018
Type Minimum Balance
to Open
Interest Rate(1) APY(2) Minimum Balance
to Obtain APY
 
Statement Savings$1000.05%0.05%$100 Open Now
$2,5000.50%0.50%$2,500

1 Rates are variable and may change after the account is opened.
2 Fees may reduce the earnings on the account.


Certificate of Deposit1 - Online Special

Effective Date: Thursday, May 24, 2018
Type Interest Rate(2) APY(3) Minimum Balance to
Open and Obtain APY
 
6 Month Variable20.20%0.20%$2,500 Open Now
12 Month Variable20.30%0.30%$2,500 Open Now
18 Month Variable20.40%0.40%$2,500 Open Now
6 Month0.45%0.45%$500 Open Now
12 Month1.00%1.00%$500 Open Now
15 Month0.40%0.40%$500 Open Now
21 Month1.29%1.30%$2,500 Open Now
24 Month0.60%0.60%$500 Open Now
25 Month RatePlus2/4/61.00%*1.00%*$5,000 new money Open Now
36 Month RatePlus 2/41.28%1.30%$5,000 Open Now
60 Month1.98%2.00%$500 Open Now
36 Month Rising Rate CD2/5Opening Rate
0.75%
1.80% Blended
APY
$2,500 Open Now
After 6 Months
1.00%
After 12 Months
1.50%
After 18 Months
2.00%
After 24 Months
2.50%
After 30 Months
3.00%

1 Substantial penalty for early withdrawal.
2 Rates are variable and may change after the account is opened.
3 Fees may reduce the earnings on the account.
4 One rate change permitted during term for remainder of that term.
5 The blended APY shown assumes CD is held to maturity with all interest compounded.
6 Eligible for monies that have not been on deposit with Reliance Bank in the past 30 days.
* Online Only Rates.


This disclosure supplements the Truth in Savings Disclosure for each deposit product and the Bank’s current Fee Schedule. A penalty may be imposed for early withdrawals from Certificates of Deposits. The interest rates and Annual Percentage Yields (APY) on variable rate accounts are established by the Bank at its sole discretion and may change daily after the account is opened, unless the Truth in Savings Disclosure states that the interest rate is tied to a specific index. Interest rates are subject to change without notice. APY calculations are based on a 365-day term, unless otherwise noted, and assume principal and interest remain on deposit to maturity. Fees assessed could reduce earnings on the account.