Rates

Personal Deposit Rates

Annual Percentage Yield Effective Date: July 24, 2024

Checking Account Type

Minimum Balance to Open

Interest Rate(1)

APY(2)

Minimum Balance to Obtain APY

Destination Checking

$50

0.25%

0.25%

$0.01

$50

0.10%

0.10%

$25,000.00

Journey Checking

$50

N/A

N/A

N/A

Explore Checking

$50

N/A

N/A

N/A

Performance Checking

$50

N/A

N/A

N/A

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.





Type

Minimum Balance to Open

Interest Rate (2)

APY (3)

Minimum Balance to Obtain APY

Destination Money Market (4,5)

$5,000

0.03%

0.05%

$0-$49

0.07%

0.10%

$50-$4,999

1.98%

2.00%

$5,000-$14,999

2.86%

2.90%

$15,000-$24,999

2.86%

2.90%

$25,000-$249,999

4.40%

4.50%

$250,000-$499,999

4.74%

4.85%

$500,000+

Money Market Deposit Account (1,4)

$500

0.05%

0.05%

$50-$4,999

0.10%

0.10%

$5,000-$14,999

0.35%

0.35%

$15,000-$49,999

0.50%

0.50%

$50,000-$99,999

0.75%

0.75%

$100,000-$249,999

0.75%

0.75%

$250,000-$499,999

1.00%

1.00%

$500,000-$999,999

1.10%

1.10%

$1,000,000+


(1) $500 minimum to open. 

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

(4) $10 fee applied if account balance is below $5,000 at any point during qualification cycle.

(5) Must have a Destination Checking account to open.


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

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 




Product

APY (4)

Destination 7-month (2,3)

4.95%

7-month (1)

4.35%

18-month (1)

4.15%

Destination 18-month (1,3)

4.40%


(1) $500 to open and $500 minimum balance to obtain APY.

(2) $2500 to open and $2500 minimum balance to obtain APY.

(3) Must have a Destination Checking account to open.

(4) Fees may reduce the earnings on the account. A penalty may be imposed for early withdrawals 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. Annual Percental Yield effective date: July 1, 2024.



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 

(3) $500 minimum balance to open and $500 minimum balance to obtain APY


**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 Rate Effective Date: July 24, 2024

 Maximum Loan Term

 Interest Rate

 APR

Payment Per $1,000(1)

60 Months (2)

6.74%

6.768%

 $19.68

120 Months (2)

6.79%

6.805%

$11.50

180 Months (2)

6.74%

6.751%

$8.84

 240 Months (2)

 7.24%

7.249%

$7.90

60 Month Investment
Product (3)

9.990%

10.019%

$21.24

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


(2) Interest Rate and Annual Percentage Rate (APR) quoted are current as of July 3, 2024  and can change at any time, and require monthly 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 $97,000 - the actual APR will vary based upon the final loan amount and finance charges. Credit subject to approval, and special rules and restrictions apply.


(3) Interest Rate and Annual Percentage Rate (APR) quoted are current as of May 24, 2024  and can change at any time. Loan must be secured by a non-owner occupied investment property; maximum Loan to Value  of 80%. Rate reduction 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

15.240%

15.353%

$23.92

<700

60 months

17.240%

17.345%

$24.98

*Interest Rate and Annual Percentage Rate (APR) quoted are current as of April 29, 2024  and can change at any time, and require monthly payments to be deducted from a Reliance Bank deposit account. Rates shown are for a loan amount of $11,000. 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 12.50%. 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.



Mortgage Rates

Effective Date: July 24, 2024


For the latest mortgage rates, please call a member of our mortgage loan origination team.





For the latest mortgage rates, please call a member of our mortgage loan origination team.

  



For the latest construction loan rates, please call a member of our mortgage loan origination team.


Special Rates

Annual Percentage Yield Effective Date: July 24, 2024

Special Rates Type


Interest Rate

APY(4)

Deposits

Certificate of Deposit

Destination 7-month (2,3)

4.95% APY

Certificate of Deposit

7-month rate (1)

4.35% APY

Certificate of Deposit

Destination 18-month rate (1,3)

4.40% APY


1) $500 to open and $500 minimum balance to obtain APY.

2) $2,500 to open and $2,500 minimum balance to obtain APY. 

3) Must have a Destination Checking account to open.

4) Fees may reduce annual earnings on account. A penalty may be imposed for early withdrawals 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. Annual Percentage Yield effective date: July 1, 2024.


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