Rates
Southwest National Bank Rate Schedule
As of 04/01/2020
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) 0.40% 0.40% 6 Month 0.50% 0.50% 9 Month 0.50% 0.50% 1 Year 1.24% 1.25% 18 Month 1.24% 1.25% 2 Year 1.44% 1.45% 3 Year 1.73% 1.74% 4 Year 1.73% 1.74% 5 Year 1.99% 2.00% - 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 0.07% 0.07% Platinum Checking 0.07% 0.07% - 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 0.10% 0.10% Money Market - $1,000 minimum opening deposit required Money Market $0.01 - $999.99 0.10% 0.10% Money Market $1,000 and more 0.30% 0.30% Investment Savings - $10,000 minimum opening deposit required Investment Savings $0.01 - $9,999 0.30% 0.30% Investment Savings $10,000 - $24,999 0.40% 0.40% Investment Savings $25,000 - $49,999 0.54% 0.54% Investment Savings $50,000 or more 1.00% 1.00% - 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 $0-25,000 2.47% 2.50% Daily Balance over $25,000 0.25% 2.50% to 0.70%* 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 0.25% will be paid only for that portion of your daily balance that is greater than $25,000, resulting in an annual percentage yield (APY) range of 2.50% to 0.70%, depending on the balance in the account. APY calculations are based on an assumed balance of $25,000 + $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 1.24% 1.25% Daily Balance over $100,000 0.25% 1.25% to 0.75%** 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 0.25% 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 1.25% to 0.75%, 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.