Personal Deposit Rates From Reliance Bank

Checking Account Rates Available from Reliance Bank

Annual Percentage Yield Effective Date: Wednesday, May 23, 2018
Type Minimum Balance
to Open
Interest Rate(1) APY(2) Minimum Balance
to Obtain APY
 
Simple Checking$50N/AN/AN/A Open Now
Performance Checking$50N/AN/AN/A Open Now
Reward Checking$500.80%0.80%$0.01 Open Now
$500.30%0.80% - 0.43%$25,000.00
Reward Checking Non-Qualifying$500.05%0.05%$0.01
Estate Checking Account$00.20%0.20%$0.01 How To Open
$00.25%0.25%$35,000
$00.30%0.30%$100,000

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


Money Market Account Rates from Reliance Bank

Annual Percentage Yield Effective Date: Wednesday, May 23, 2018
Type Minimum Balance
to Open
Interest Rate(1) APY(2) Minimum Balance
to Obtain APY
 
Mutual Advantage MMDA$1,0000.10%0.10%$50 How To Open
$1,0000.14%0.14%$5,000
$1,0000.24%0.24%$15,000
$1,0000.38%0.38%$25,000
Money Market Deposit Account$5000.02%0.02%$50 Open Now
$5000.05%0.05%$5,000
$5000.10%0.10%$15,000
$5000.15%0.15%$50,000
$5000.25%0.25%$100,000
  • 1 Rates are variable and may change after the account is opened.
    2 Fees may reduce the earnings on the account.

Savings Account Rates from Reliance Bank

Annual Percentage Yield Effective Date: Wednesday, May 23, 2018
Type Minimum Balance
to Open
Interest Rate(1) APY(2) Minimum Balance
to Obtain APY
 
Statement Savings$1000.05%0.05%$100
$2,5000.15%0.15%$2,500
Statement Savings Online Special$1000.05%*0.05%*$100
$2,5000.50%*0.50%*$2,500 Open Now
Club Accounts Open Now
Christmas Club3$20.25%0.25%$50
Vacation Club4$20.25%0.25%$50
Young Savers$50.25%0.25%$5 How To Open

1 Rates are variable and may change after the account is opened.
2 Fees may reduce the earnings on the account.
3 Account matures the first weekend after October 3 each year; its term varies depending on when the account was opened. Penalty for early withdrawal.
4 Account matures the first weekend after April 3 each year; its term varies depending on when the account was opened. Penalty for early withdrawal.
* Online Only Rates.


Certificate of Deposit Rates1 Available from Reliance Bank

Annual Percentage Yield Effective Date: Wednesday, May 23, 2018
Type Interest Rate 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
91 Day0.15%0.15%$500
6 Month0.45%0.45%$500 Open Now
9 Month0.20%0.20%$500
12 Month1.00%1.00%$500 Open Now
13 Month61.98%2.00%$5,000 new money
15 Month0.40%0.40%$500 Open Now
18 Month1.24%1.25%$500
21-Month1.29%1.30%$2,500 Open Now
24 Month0.60%0.60%$500 Open Now
25 Month RatePlus2/4/60.75%0.75%$5,000 new money
30 Month2.52%2.55%$500
36 Month2.13%2.15%$500
36 Month RatePlus2/41.28%1.30%$5,000 Open Now
48 Month1.74%1.75%$500
60 Month1.98%2.00%$500
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 CD eligible for monies that have not been on deposit with Reliance Bank in the past 30 days.


Individual Retirement Accounts1 from Reliance Bank

Annual Percentage Yield Effective Date: Wednesday, May 23, 2018
Type Interest Rate APY(2) Minimum Balance to
Open and Obtain APY
 
12 Month Fixed Rate1.00%1.00%$500 How To Open
18 Month Fixed Rate1.24%1.25%$500
30 Month Fixed Rate2.52%2.55%$500
48 Month Fixed Rate1.74%1.75%$500
60 Month Fixed Rate1.98%2.00%$500

1 Substantial penalty for early withdrawal.
2 Fees may reduce the earnings on the account.


This disclosure supplements the Truth in Savings Disclosure for each deposit product and the Bank’s currrent 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.