Deposit Rates

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

APY = ANNUAL PERCENTAGE YIELD

RATES EFFECTIVE FROM October 17, 2018 thru October 23, 2018

 Tier 1
$1,000.00 Plus
 Tier 2
$50,000.00 Plus
 Tier 3
$100,000.00
 
Time DepositInterest RateAPYInterest RateAPYInterest RateAPY
6 months0.68%0.68%0.73%0.73%0.78%0.78%
1 year0.87%0.87%0.92%0.92%0.97%0.97%
2 years1.08%1.08%1.17%1.18%1.27%1.28%
3 years1.26%1.27%1.36%1.37%1.46%1.47%
5 years1.47%1.48%1.57%1.58%1.67%1.68%

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%0.53%
APY0.28%0.43%0.53%0.53%

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 Rate0.38%0.53%0.68%0.78%
APY0.38%0.53%0.68%0.78%

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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