Rates

Personal Deposit Rates

Effective Date: August 17, 2022

Checking Account Type

Minimum Balance to Open

Interest Rate(1)

APY(2)

Minimum Balance to Obtain APY

Simple Checking

$50

N/A

N/A

N/A

Performance Checking

$50

N/A

N/A

N/A

Reward Checking(3)

$50

0.25%

0.25%

$0.01

$50

0.10%

0.25%-0.13%

$25,000.00

Non-Qualifying Reward Checking

$50

0.01%

0.01%

$0.01

Estate Checking Account

$0

0.20%

0.20%

$0.01

$0

0.25%

0.25%

$35,000

$0

0.30%

0.30%

$100,000

(1) Rates are subject to change after the account is opened.
(2) Fees may reduce the earnings on the account.

(3) In order to qualify for the Reward interest rate, you must: Have at least 12 debit card point-of-sale transactions post and settle per qualification cycle (ATM transactions and items returned using your debit card do not count toward 12 qualifying transactions); at least one automatic payment or direct deposit post and settle; receive your Reward Checking statement electronically. Transactions may take one or more business days from the transaction date to post to account.





Type

Minimum Balance to Open

Interest Rate (1)

APY (2)

Minimum Balance to Obtain APY

Money Market Deposit

Account

$500

0.05%

0.05%

$50


0.10%

0.10%

$5,000

0.25%

0.25%

$15,000


0.35%

0.35%

$50,000

0.50%

0.50%

$100,000


0.55%

0.55%

$250,000

(1) Rates are subject to change after the account is opened.
(2) Fees may reduce the earnings on the account. 




Savings Account Type

Minimum Balance to Open

Interest Rate(1)

APY(2)

Minimum Balance to Obtain APY

Statement Savings

$100

0.05%

0.05%

$100

$2500

0.15%

0.15%

$2500

Club Accounts

Holiday Club(3)

$2

0.25%

0.25%

$50

Vacation Club(4)

$2

0.25%

0.25%

$50

Young Savers

$5

0.25%

0.25%

$5

(1) Rates are subject to 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 




CD Type

Interest Rate

APY(2)

Minimum Balance to Obtain APY

91 Day

0.15%

0.15%

$500

6 Month

0.15%

0.15%

$500

7 Month

0.55%

0.55%

$500

13 Month(3)

0.20%

0.20%

$5000

18 Month

0.20%

0.20%

$500

33 Month(1)

1.70%

1.70%

$500

48 Month

0.85%

0.85%

$500

(1) $250,000 maximum balance allowed; one account allowed per TIN.
(2) Fees may reduce the earnings on the account.

(3) CD elligible for monies that have not been on deposit with Reliance Bank in the past 30 days. 

**A penalty may be imposed for early withdrawls from Certificates of Deposit. Interest rates are subject to change without notice. Annual Percentage Yields (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 accounts.

Type

Interest Rate

APY(2)

Minimum Balance to Obtain APY

18 Month

Fixed Rate

0.20%

0.20%

$500

30 Month

Fixed Rate

0.40%

0.40%

$500

(1) Substantial Penalty for early withdrawal.
(2) Fees may reduce the earnings on the account 


**A penalty may be imposed for early withdrawls from Certificates of Deposit. Interest rates are subject to change without notice. Annual Percentage Yields (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 accounts.


Personal Loan Rates

Annual Percentage Yield Effective Date: August 17, 2022

 Maximum Loan Term

 Interest Rate

 APR

Payment Per $1,000(1)

 36 Months(2/3)

 3.740%

3.812%

 $29.41

 48 Months(2/3)

 3.740%

3.795%

$22.46

60 Months(2/3)

 3.740%

3.784%

 $18.30

 120 Months(2/3)

 3.990%

4.013%

$10.12

180 Months(2/3)

4.390%

4.406%

$7.59

 240 Months(2/3)

 4.990%

5.003%

$6.59

60 Month Investment
Product(2/4)

6.500%

6.545%

$19.57

(1)Monthly payments shown do not include taxes and insurance - actual payment obligation will be greater.


(2)Offer is available to customers borrowing a minimum of $10,000 new money.


(3)Interest Rate and Annual Percentage Rate (APR) quoted are current as of January 18, 2022 and can change at any time, and require montly payments to be deducted from a Reliance Bank deposit account. Rates shown are for owner-occupied home equity financing, with a maximum Loan to Value of 89%, and are based upon a loan amount of $60,000 - the actual APR will vary based upon the final loan amount and finance charges. Credit subject to approval, and special rules and restrictions apply.


(4) Loan must be secured by a non-owner occupied investment property; maximum Loan to Value  of 80%. Rate reuction is not available for this product.


Please contact one of our Personal Bankers for additional rates and programs.

Credit Score

Loan Term

Interest Rate

APR*

Payment per $1,000

700+

60 months

8.840%

8.947%

$20.68

<700

60 months

10.84%

10.949%

$21.66

*Requires montly payments to be deducted from a Reliance Bank deposit account. Credit score is based on the Experian credit report received for applicant. If co-borrowers are applying, the lowest credit score will be used to determine the rate. Credit subject to approval.

Type

APR

Personal SmartLine

6.25%

Introductory 6.25% APR fixed for three months and will not increase during that period. After the first three months, APR will be variable and may increase at any time with a maximum of 18.00%. The current fully indexed APR is 9.50%. Requires monthly payments to be deducted from a Reliance Bank deposit account. An annual $20.00 non-activity charge is assessed if you do not use your line.


Executive Line of Credit

4.00%

Introductory 4.00% APR fixed for three months and will not increase during that period. After the first three months, APR will be variable and may increase at any time with a maximum of 18.00%. The current fully indexed APR is 9.50%. The minimum loan amount for this product is $25,000 with a minimum required $10,000 advance when you open your line. An annual $20.00 non-activity charge is assessed if you do not use your line.

Mortgage Rates

Effective Date: August 17, 2022

Maximum Loan Term

Interest

Rate

APR

Payment

per $1,000(1)

15-Year Fixed

4.500%

4.583%

$7.65

20-Year Fixed

4.875%

4.941%

$6.53

30-Year Fixed

5.125%

5.174%

$5.44

30-Year

Freddie Mac

Home Possible(2)

4.875%

4.924%

$5.29

(1) Monthly payments shown do not include taxes and insurance - actual payment

obligation will be greater
(2) Income restrictions apply: contact a Personal Banker for complete details.
*Annual Percentage Rates (APRs) shown above are based upon a loan amount

of $215,000. The actual APR will vary based upon the final loan amount, loan terms Loan-to-Value, applicant's credit worthiness and total finance charges. Special rules and restirctions apply. Credit subject to approval.

Maximum Loan Term

Interest

Rate

APR

Payment

per $1,000(1)

15-Year Fixed

4.000%

4.027%

$7.40

20-Year Fixed

4.375%

4.397%

$6.26

30-Year Fixed

4.375%

4.391%

$4.99

 (1)   Monthly payments shown do not include taxes and insurance – actual payment obligation will be greater.
*Annual Percentage Rates (APRs) shown above are based upon a loan amount of $647,201, and are available for loans with a Loan-to-Value up to 70%. The actual APR will vary based upon the final loan amount, loan terms, Loan-To-Value, applicant’s credit worthiness and total finance charges. Special rules and restrictions apply. Credit subject to approval.

Maximum Loan Term

Interest

Rate

APR

Payment

per $1,000(1)

15-Year Fixed*

4.500%

4.646%

$7.65

20-Year Fixed*

4.875%

4.991%

$6.53

30-Year Fixed*

5.125%

5.211%

$5.44

15-Year Fixed Jumbo**

4.250%

4.298%

$7.52

20-Year Fixed Jumbo**

4.625%

4.663%

$6.40

30-Year Fixed Jumbo**

4.875%

4.903%

$5.29

 (1)   Monthly payments shown do not include taxes and insurance – actual payment obligation will be greater.
 
*Annual Percentage Rates (APRs) shown above are based upon a loan amount of $215,000. The actual APR will vary based upon the final loan amount, loan terms, Loan-to-Value, applicant’s credit worthiness and total finance charges. Special rules and restrictions apply. Credit subject to approval.
 
** Annual Percentage Rates (APRs) shown above are based upon a loan amount of $647,201, and are available for loans with a Loan-to-Value up to 70%. The actual APR will vary based upon the final loan amount, loan terms, Loan-to-Value, applicant’s credit worthiness and total finance charges. Special rules and restrictions apply. Credit subject to approval.


Special Rates

 

 

 

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