Deposit Rates

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

APY = ANNUAL PERCENTAGE YIELD

RATES EFFECTIVE FROM June 3, 2020 thru June 9, 2020

 Tier 1
$1,000.00 Plus
 Tier 2
$50,000.00 Plus
 Tier 3
$100,000.00
 
Time DepositInterest RateAPYInterest RateAPYInterest RateAPY
6 months0.59%0.59%0.64%0.64%0.69%0.69%
1 year0.69%0.69%0.74%0.74%0.79%0.79%
2 years0.69%0.69%0.79%0.79%0.89%0.89%
3 years0.79%0.79%0.89%0.89%0.99%0.99%
5 years0.89%0.89%0.99%0.99%1.09%1.09%

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 Rate0.07%0.12%0.17%0.22%
APY0.07%0.12%0.17%0.22%

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 Rate0.12%0.17%0.22%0.32%
APY0.12%0.17%0.22%0.32%

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 Checking.05%.05%$50.00
*Health Savings Account.10%.10%$1.00
**SLVFB Savings0.11%0.11%$100.00
**Chipmunk Savings0.11%0.11%$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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