Rates
Southwest National Bank Rate Schedule
As of 10/03/2022
These rates are subject to change. Please contact us for a current rate quote.
- Certificates of Deposit & Individual Retirement Accounts
Interest Rate Annual Percentage Yield 3 Month (CD Only) 0.30% 0.30% 6 Month 0.90% 0.90% 9 Month 1.24% 1.25% 1 Year 1.14% 1.15% 13 Month Special 2.87% 2.90% 13 Month Jumbo Special 3.11% 3.15% 17 Month Special* 3.36% 3.40% 18 Month 1.24% 1.25% 2 Year 1.39% 1.40% 3 Year 1.44% 1.45% 4 Year 1.54% 1.55% 5 Year 1.98% 2.00% *new money to Southwest National Bank only
- Interest Rates and Annual Percentage Yields are subject to change without notice.
- Annual Percentage Yield assumes funds will remain on deposit until maturity.
- Minimum Balance Requirements: All terms require a $500 deposit to open, with the following exceptions:
- 13 month CD requires a $2,500 deposit to open.
- 13 month jumbo CD requires a $100,000.00 deposit to open.
- 17 month CD requires a $2,500 deposit to open and must be new money to Southwest National Bank.
- 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 - $49,999 0.20% 0.20% Investment Savings $50,000 - $99,999 0.25% 0.25% Investment Savings $100,000 - $249,999 0.60% 0.60% Investment Savings $250,000 or more 0.75% 0.75% - 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.