Altabank
Altabank

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Altabank Rates

Consumer Deposit Rates

This Rate Summary Sheet contains information about interest rates and Annual Percentage Yields (“APYs”) for the consumer interest-bearing accounts we offer. The APYs listed below are estimates. Actual APYs and detailed terms will be disclosed at account opening.
Member FDIC | Effective: May 22, 2020

Checking and Savings Accounts a Daily Balance Tiers Minimum Daily Balance to Avoid
Below-Minimum Balance Fee
Minimum Opening Deposit APY
MyRate Checking®b, c (Qualifying) Less than or equal to $25,000 None $100 1.00%
(Qualifying) Above $25,000 None $100 1.00% - 0.25%d
(Not Qualifying) All Balances None $100 0.10%
CheckSmart™ Senior Plus b
55 and Older
Less than $20,000 $1,500 $1,500 0.05%
$20,000 to $99,999.99 $1,500 $1,500 0.10%
$100,000 to $249,999.99 $1,500 $1,500 0.15%
$250,000 to $499,999.99 $1,500 $1,500 0.20%
$500,000 to $999,999.99 $1,500 $1,500 0.25%
$1 million and above $1,500 $1,500 0.30%
CheckSmart™ Money Market b Less than $20,000 $1,000 $1,000 0.10%
$20,000 to $99,999.99 $1,000 $1,000 0.15%
$100,000 to $249,999.99 $1,000 $1,000 0.20%
$250,000 to $499,999.99 $1,000 $1,000 0.25%
$500,000 to $999,999.99 $1,000 $1,000 0.30%
$1 million and above $1,000 $1,000 0.35%
Statement Savings b Less than $20,000 $100 $100 0.05%
$20,000 to $99,999.99 $100 $100 0.05%
$100,000 to $249,999.99 $100 $100 0.10%
$250,000 to $499,999.99 $100 $100 0.15%
$500,000 to $999,999.99 $100 $100 0.20%
$1 million and above $100 $100 0.25%
KidSmart Savings b Less than $1,000 None $10 0.20%
$1,000 and above None $10 0.20-0.05% d
SaveSmart Direct®b Less than $20,000 $100 $100 0.05%
$20,000 to $99,999.99 $100 $100 0.10%
$100,000 to $249,999.99 $100 $100 0.20%
$250,000 to $499,999.99 $100 $100 0.25%
$500,000 to $999,999.99 $100 $100 0.30%
$1 million and above $100 $100 0.35%
APYs for Certificates of Deposit (CDs) and Individual Retirement Arrangementsa, e, f Less than $20,000 $20,000 to $99,999.99 $100,000 to $249,999.99 $250,000 to $499,999.99 $500,000 to $999,999.99 $1 million and above
3 Month CD 0.10% 0.15% 0.20% 0.25% 0.30% 0.35%
6 Month CD 0.20% 0.25% 0.35% 0.50% 0.60% 0.70%
12 Month CD/IRA 0.25% 0.30% 0.45% 0.65% 0.75% 0.85%
12 Month Flex CDg 0.20% 0.25% 0.40% 0.60% 0.70% 0.80%
18 Month CD 0.30% 0.35% 0.55% 0.75% 0.85% 1.00%
18 Month Variable/IRAb, g, h 0.25% 0.30% 0.50% 0.70% 0.80% 0.95%
24 Month CD/IRA 0.45% 0.50% 0.70% 0.90% 1.05% 1.20%
36 Month CD 0.55% 0.60% 0.80% 1.05% 1.20% 1.30%
48 Month CD 0.60% 0.65% 0.85% 1.10% 1.25% 1.40%
60 Month CD/IRA 0.65% 0.70% 0.92% 1.20% 1.35% 1.50%
72 Month CD/IRA 0.70% 0.75% 1.05% 1.30% 1.45% 1.60%

a Fees may reduce the APY earned on an account.

b This is a variable-rate product; the interest rate and APY may change after the account is opened.

c To qualify for the higher rate with your MyRate Checking account: enroll in eStatements, log in to online banking at least once every 180 days, conduct at least one ACH transaction each month and use your VISA® debit card at least 12 times per calendar month for POS transactions that are at least $3 each. Transactions must post and clear by the last day of the calendar month to qualify for the higher interest rate and nationwide ATM-fee refunds up to $15 per calendar month.

d Depending on the balance in the account. Higher balances will produce lower APYs.

e A penalty may be imposed for early withdrawal of Certificates of Deposit and IRAs.

f All CDs except for the 18-month variable IRA have a minimum opening deposit of $500.

g You may make unlimited deposits to this account until maturity.

h This account has a minimum opening deposit of $10.

Commercial Deposit Rates

This Rate Summary Table contains information about interest yields for the commercial interest-bearing accounts we offer. The yields listed below are estimates. Actual yields and detailed terms will be disclosed at account opening.

Member FDIC | Effective: May 22, 2020.

Checking and Savings Accountsa Daily Balance Tiers Minimum Daily Balance to Avoid Below-Minimum Balance Fee Minimum Opening Deposit Interest Yield
BizSmart™ Interestb Less than $20,000 $3,000c $3,000 0.05%
$20,000 to $99,999.99 $3,000c $3,000 0.05%
$100,000 to $249,999.99 $3,000c $3,000 0.10%
$250,000 to $499,999.99 $3,000c $3,000 0.15%
$500,000 to $999,999.99 $3,000c $3,000 0.20%
$1 million to $4,999,999.99 $3,000c $3,000 0.25%
$5 million and above $3,000c $3,000 0.30%
BizSmart™ Money Marketb Less than $20,000 $1,000 $1,000 0.10%
$20,000 to $99,999.99 $1,000 $1,000 0.15%
$100,000 to $249,999.99 $1,000 $1,000 0.20%
$250,000 to $499,999.99 $1,000 $1,000 0.25%
$500,000 to $999,999.99 $1,000 $1,000 0.30%
$1 million to $4,999,999.99 $1,000 $1,000 0.35%
$5 million and above $1,000 $1000 0.40%
BizSmart™ Savingsb Less than $20,000 $100 $100 0.05%
$20,000 to $99,999.99 $100 $100 0.05%
$100,000 to $249,999.99 $100 $100 0.10%
$250,000 to $499,999.99 $100 $100 0.15%
$500,000 to $999,999.99 $100 $100 0.20%
$1 million to $4,999,999.99 $100 $100 0.25%
$5 million and above $100 $100 0.30%
Earnings Credit for Analyzed Accountsb Less than $100,000 n/a n/a 0.10%
$100,000 to $499,999.99 n/a n/a 0.15%
$500,000 to $999,999.99 n/a n/a 0.20%
$1 million to $4,999,999.99 n/a n/a 0.25%
$5 million and above n/a n/a 0.30%
Certificates of Deposit (CDs)a Less than $20,000 $20,000 to $99,999.99 $100,000 to $249,999.99 $250,000 to $499,999.99 $500,000 to $999,999.99 $1 million and above
3 Month CD 0.10% 0.15% 0.20% 0.25% 0.30% 0.35%
6 Month CD 0.20% 0.25% 0.35% 0.50% 0.60% 0.70%
12 Month CD 0.25% 0.30% 0.45% 0.65% 0.75% 0.85%
12 Month Flex CD 0.20% 0.25% 0.40% 0.60% 0.70% 0.80%
18 Month CD 0.30% 0.35% 0.55% 0.75% 0.85% 1.00%
24 Month CD 0.45% 0.50% 0.70% 0.90% 1.05% 1.20%
36 Month CD 0.55% 0.60% 0.80% 1.05% 1.20% 1.30%
48 Month CD 0.60% 0.65% 0.85% 1.10% 1.25% 1.40%
60 Month CD 0.65% 0.70% 0.95% 1.20% 1.35% 1.50%
72 Month CD 0.70% 0.75% 1.05% 1.30% 1.45% 1.60%

a These are yields and not rates. The rates may be lower.

b This is a variable-rate product; the interest rate may change after the account is opened.

c Minimum daily balance to avoid a fee is $3,000; but if the account maintains a $6,000 average monthly balance, then the below-minimum-balance fee will be waived.