Rates
Southwest National Bank Rate Schedule
As of 05/01/2022
These rates are subject to change. Please contact us for a current rate quote.
- Certificates of Deposit & Individual Retirement Accounts
Minimum Required Opening Deposit - $500 Interest Rate Annual Percentage Yield 3 Month (CD Only) 0.25% 0.25% 6 Month 0.30% 0.30% 9 Month 0.30% 0.30% 1 Year 0.35% 0.35% 18 Month 0.35% 0.35% 2 Year 0.45% 0.45% 3 Year 0.50% 0.50% 4 Year 0.55% 0.55% 5 Year 0.60% 0.60% - Interest Rates and Annual Percentage Yields are subject to change without notice.
- Annual Percentage Yield assumes funds will remain on deposit until maturity.
- The minimum balance to open an account and obtain the APY is $500.00.
- If account is set up to automatically renew, the rate may change at renewal.
- Fees could reduce earnings. A penalty may be imposed for early withdrawals.
- Checking Accounts
Minimum Required Opening Deposit - $100 Interest Rate Annual Percentage Yield Interest Checking 0.05% 0.05% Platinum Checking 0.05% 0.05% - Interest Rates and Annual Percentage Yields for checking and savings accounts may change after account opening.
- Fees could reduce earnings.
- Savings Accounts
Minimum Required Opening Deposit - Varies By Account Interest Rate Annual Percentage Yield Regular Savings - $100 minimum opening deposit required 0.05% 0.05% Money Market - $1,000 minimum opening deposit required Money Market $0.01 - $999.99 0.05% 0.05% Money Market $1,000 and more 0.15% 0.15% Investment Savings - $10,000 minimum opening deposit required Investment Savings $0.01 - $9,999 0.15% 0.15% Investment Savings $10,000 - $24,999 0.15% 0.15% Investment Savings $25,000 - $49,999 0.20% 0.20% Investment Savings $50,000 or more 0.25% 0.25% - Interest Rates and Annual Percentage Yields for checking and savings accounts may change after account opening.
- Fees could reduce earnings.
- Kasasa Cash
Minimum Required Opening Deposit - $100 Interest Rate Annual Percentage Yield When monthly account qualifications are met: Daily Balances of $0-15,000 1.9819% 2.00% Daily Balance over $15,000 0.2497% 2.00% to 0.48%* If monthly account qualifications are NOT met: Entire Daily Balance 0.05% 0.05% - Interest Rates and Annual Percentage Yields for all Kasasa accounts may change after account opening.
- *An interest rate of 0.2497% will be paid only for that portion of your daily balance that is greater than $15,000, resulting in an annual percentage yield (APY) range of 2.00% to 0.48%, depending on the balance in the account. APY calculations are based on an assumed balance of $15,000 + $100,000 in your Kasasa Cash® account and an assumed statement cycle of thirty-one (31) days.
View the Kasasa Cash® page for additional account details.
- Kasasa Saver
Minimum Required Opening Deposit - $50 Interest Rate Annual Percentage Yield When monthly account qualifications are met:* Daily Balance of $0-100,000 0.9954% 1.00% Daily Balance over $100,000 0.2497% 1.00% to 0.63%** If monthly account qualifications are NOT met: Entire Daily Balance 0.05% 0.05% - You must have a linked Kasasa Cash or Kasasa Cash Back account in order to open a Kasasa Saver account.
- Interest Rates and Annual Percentage Yields for all Kasasa accounts may change after account opening.
- *In order to qualify for the higher Kasasa Saver rates listed, monthly account qualifications must be met in the linked Kasasa Cash or Kasasa Cash Back account.
- **An interest rate of 0.2497% will be paid only for that portion of your daily balance that is greater than $100,000, resulting in an annual percentage yield (APY) range of 1.00% to 0.63%, depending on the balance in the account. APY calculations are based on an assumed balance of $100,000 + $100,000 in your Kasasa Saver® account and an assumed statement cycle of thirty-one (31) days.
View the Kasasa Saver® page for additional account details.