Regular Savings
Rates effective as of:
11/05/08 |
| |
Interest Rate |
Annual Percentage Yield |
| $0 - 4,999.99 | .40 | .40 |
| $5,000.00 - 9,999.99 | .50 | .50 |
| $10,000.00 - 24,999.99 |
.73 |
.73 |
| $25,000.00 - 49,999.99 |
.73 |
.73 |
| $50,000.00 - 99,999.99 |
.85 |
.85 |
| $100,000.00+ |
.85 |
.85 |
No monthly maintenance fee when a minimum daily balance of $100 is maintained. ($3 if below)
Receive three withdrawals/debits each month at no charge. ($1 fee for each withdrawal/debit in excess of three.)
Minimum balance not required for anyone under the age of 18.
Fees could reduce earnings.
To open your account, call for details.
Money Market
Rates effective as of:
11/05/08 |
| |
Interest Rate |
Annual Percentage Yield |
| $0 - 4,999.99 | .60 | .60 |
| $5,000.00 - 9,999.99 | .60 | .60 |
| $10,000.00 - 24,999.99 |
.83 |
.83 |
| $25,000.00 - 49,999.99 |
1.03 |
1.03 |
| $50,000.00 - 99,999.99 |
1.15 |
1.16 |
| $100,000.00+ |
1.15 |
1.16 |
No monthly maintenance fee when minimum daily balance of $1,000 or average daily balance of $2500 is maintained.
Should the balance fall below both the minimum balance requirements, there will be a $5 monthly maintenance fee.
Receive six withdrawals/debits each month at no charge. A $2 fee will apply for each withdrawal/debit in excess of six.
Fees could reduce earnings.
To open your account, call for details.
Certificates of Deposit
Verus Bank offers Certificates of Deposit ranging from 91 days to 5 years in maturity. Our Certificates of Deposit may be opened with a minimum deposit of $1,000. You may choose a short term Certificate of Deposit or lock in an attractive rate for a longer period of time.
Rates effective as of:
11/05/08 |
| CD Term |
Interest Rate |
Annual Percentage Yield |
| 3 Months |
1.20 |
1.21 |
| 6 Months |
1.99 |
2.00 |
| 12 Months |
2.43 |
2.45 |
| 18 Months |
2.48 |
2.50 |
| 24 Months |
2.48 |
2.50 |
| 36 Months |
2.97 |
3.00 |
| 48 Months |
3.06 |
3.10 |
| 60 Months |
3.06 |
3.10 |
* Denotes current specials
A penalty may be imposed for early withdrawal.
To open your account, call for details.
Individual Retirement Account
Verus Bank offers a variety of IRA options ranging from six months to a maximum of five years. Our IRAs allow you to open with a minimum deposit of $100 and make additional contributions with as little as $25. As a convenience to you, your contributions may be automatically deducted from your checking or savings account.
Rates effective as of:
11/05/08 |
| IRA Term |
Minimum Balance |
Interest Rate |
Annual Percentage Yield |
| 6 Months | $2,500 |
1.99 |
2.00 |
| 12 Month Contributory |
$100 |
2.43 |
2.45 |
| 18 Month Variable |
$250 |
1.00 |
1.00 |
| 18 Month Fixed |
$250 |
2.48 |
2.50 |
| 24 Month | $250 |
2.48 |
2.50 |
| 36 Month | $250 |
2.98 |
3.00 |
| 48 Months | $250 |
3.08 |
3.10 |
| 60 Months | $250 |
3.08 |
3.10 |
A penalty may be imposed for early withdrawal.
To open your account, call for details.
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