Deposit Rates

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

APY = ANNUAL PERCENTAGE YIELD

RATES EFFECTIVE FROM October 16, 2019 thru October 22, 2019

 Tier 1
$1,000.00 Plus
 Tier 2
$50,000.00 Plus
 Tier 3
$100,000.00
 
Time DepositInterest RateAPYInterest RateAPYInterest RateAPY
6 months1.05%1.05%1.10%1.10%1.15%1.15%
1 year1.11%1.11%1.16%1.16%1.20%1.21%
2 years1.11%1.11%1.20%1.21%1.30%1.31%
3 years1.22%1.23%1.32%1.33%1.42%1.43%
5 years1.32%1.33%1.42%1.43%1.52%1.53%

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 3TIER 4
Insured Money Market Accounts$1,000 Plus$50,000 Plus$100,000 Plus$250,000 Plus
Interest Rate0.28%0.43%0.53%0.63%
APY0.28%0.43%0.53%0.63%

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 Rate0.48%0.63%0.78%0.88%
APY0.48%0.63%0.78%0.88%

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 Account0.23%0.23%$1.00
**SLVFB Savings0.23%0.23%$100.00
**Chipmunk Savings0.23%0.23%$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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