Deposit Rates

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

APY = ANNUAL PERCENTAGE YIELD

RATES EFFECTIVE FROM September 20, 2017 thru September 26, 2017

 Tier 1
$1,000.00 Plus
 Tier 2
$50,000.00 Plus
 Tier 3
$100,000.00
 
Time DepositInterest RateAPYInterest RateAPYInterest RateAPY
6 months0.22%0.22%0.27%0.27%0.32%0.32%
1 years0.27%0.27%0.32%0.32%0.37%0.37%
2 years0.42%0.42%0.52%0.52%0.62%0.62%
3 years0.62%0.62%0.72%0.72%0.82%0.82%
5 years0.87%0.87%0.97%0.97%1.07%1.07%

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$25,000 Plus$50,000 Plus$100,000 Plus
Interest Rate0.10%0.15%0.20%0.30%
APY0.10%0.15%0.20%0.30%

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$25,000 Plus$50,000 Plus$100,000 Plus
Interest Rate0.15%0.25%0.35%0.45%
APY0.15%0.25%0.35%0.45%

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 Checking0.05%0.05%$50.00
*Health Savings Account0.10%0.10%$1.00
**SLVFB Savings0.10%0.10%$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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