Deposit Rates

We presently accept deposits only from residents of the San Luis Valley.

APY = ANNUAL PERCENTAGE YIELD

RATES EFFECTIVE FROM June 20, 2018 thru June 26, 2018

 Tier 1
$1,000.00 Plus
 Tier 2
$50,000.00 Plus
 Tier 3
$100,000.00
 
Time DepositInterest RateAPYInterest RateAPYInterest RateAPY
6 months0.52%0.52%0.57%0.57%0.62%0.62%
1 year0.57%0.57%0.62%0.62%0.67%0.67%
2 years0.72%0.72%0.82%0.82%0.92%0.92%
3 years0.92%0.92%1.02%1.02%1.12%1.12%
5 years1.16%1.17%1.26%1.27%1.36%1.37%

All above accounts are compounded quarterly. A penalty will be imposed for early withdrawal. These accounts are also available for individual retirement accounts. A minimum of $1,000.00 required to open.

 TIER 1TIER 2TIER 3 
Insured Money Market Accounts$1,000 Plus$50,000 Plus$100,000 Plus
Interest Rate0.18%0.33%0.43%
APY0.18%0.33%0.43%

The above account is compounded monthly and the interest rate is variable. The rate may change after the account is opened. Fees could reduce the earnings on the account. A minimum of $1,000.00 required to open.

 TIER 1TIER 2TIER 3TIER 4
Premium Insured Money Market Accounts$1,000 Plus$50,000 Plus$100,000 Plus$250,000 Plus
Interest Rate0..28%0.48%0.58%0.68%
APY0.28%0.48%0.58%0.68%

The above account is compounded monthly and the interest rate is variable. The rate may change after the account is opened. Fees could reduce the earnings on the account. A minimum of $1,000.00 required to open. Premium IMMA has special conditions.

Checking and Savings AccountsInterest RateAPYMinimum Deposit
to Open Account
Totally Free Checking0.00%0.00%$50.00
*VIP Free Interest Checking0.08%0.08%$50.00
*Health Savings Account0.13%0.13%$1.00
**SLVFB Savings0.13%0.13%$100.00
**Chipmunk Savings0.10%0.10%$1.00

* These accounts are compounded monthly.
**These accounts are compounded daily.

The interest rate is variable and may change after the account is opened. Fees could reduce the earnings on the account. They require $1.00 minimum balance to obtain the APY.

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