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As of 10/22/08
| Certificates of Deposit | |||||
|---|---|---|---|---|---|
| Term/Account | Less than $100,000 | Greater than $100,000 | Compounding Frequency |
||
| RATE | APY | RATE | APY | ||
| 7-29 Days CD | 1.49% | 1.50% | 1.54% | 1.55% | Daily |
| 30-89 Days CD | 1.78% | 1.80% | 1.83% | 1.85% | Daily |
| 90-179 Days CD | 2.47% | 2.50% | 2.52% | 2.55% | Daily |
| 180-364 Days CD | 3.20% | 3.25% | 3.25% | 3.30% | Daily |
| 1 Year CD | 3.45% | 3.50% | 3.50% | 3.55% | Monthly |
| 18 Months CD | 3.54% | 3.60% | 3.59% | 3.65% | Monthly |
| 2 Years CD | 3.54% | 3.60% | 3.59% | 3.65% | Monthly |
| 30 Months CD | 3.54% | 3.60% | 3.59% | 3.65% | Monthly |
| 3 Years CD | 3.55% | 3.60% | 3.60% | 3.65% | Quarterly |
| 4 Years CD | 3.65% | 3.70% | 3.70% | 3.75% | Quarterly |
| 5 Years CD | 3.65% | 3.70% | 3.70% | 3.75% | Quarterly |
|
Special: 5 months |
3.92% | 4.00% | Monthly | ||
| IRA's | ||||
|---|---|---|---|---|
| Term/Account |
Minimum Balance For Rates |
Interest Rate | Annual Percentage Yield | Compounding Frequency |
| 30-364 Days IRA | $500 | 3.20% | 3.25% | Daily |
| 1 Year IRA | $500 | 3.45% | 3.50% | Monthly |
| 18 Month IRA | $500 | 3.54% | 3.60% | Monthly |
| 2 Years IRA | $500 | 3.54% | 3.60% | Monthly |
| 30 Month IRA | $500 | 3.54% | 3.60% | Monthly |
| 3 Years IRA | $500 | 3.55% | 3.60% | Quarterly |
| 4 Years IRA | $500 | 3.65% | 3.70% | Quarterly |
| 5 Years IRA | $500 | 3.65% | 3.70% | Quarterly |
| CDARS (CD's or IRA's) | |||
|---|---|---|---|
| Term/Account | Interest Rate | Annual Percentage Yield | Compounding Frequency |
| 1 month (4 week) | 1.63% | 1.64% | Daily |
| 3 month (13 week) | 1.63% | 1.64% | Daily |
| 6 month (26 week) | 3.05% | 3.10% | Daily |
| 1 year (52 week) | 3.30% | 3.35% | Monthly |
| 2 year (104 week) | 3.39% | 3.65% | Monthly |
| Deposit Accounts | ||||
|---|---|---|---|---|
| Term/Account |
Minimum Balance For Rates |
Interest Rate | Annual Percentage Yield | Compounding Frequency |
| Direct Checking | $500 | .26% | .26% | Monthly |
| Senior Checking | $500 | .26% | .26% | Monthly |
| Founder's Checking | $500 | .26% | .26% | Monthly |
| Interest Checking | $500 | .26% | .26% | Monthly |
| Premium Checking | ||||
| $0-$10,000 | .26% | .26% | Monthly | |
| $10,001-$40,000 | $10,001 | 1.98% | 2.00% | Monthly |
| $40,001 and up | $40,001 | 2.47% | 2.50% | Monthly |
| Money Market | ||||
| $0-$15,000 | 1.55% | 1.56% | Monthly | |
| $15,001-$40,000 | $15,001 | 1.65% | 1.66% | Monthly |
| $40,001-$75,000 | $40,001 | 1.75% | 1.76% | Monthly |
| $75,001 and up | $75,001 | 1.85% | 1.87% | Monthly |
| Savings Accounts | ||||
| Regular Savings | $100 | .55% | .55% | Quarterly |
| Children's Savings | $5 | .55% | .55% | Quarterly |
| Christmas Club Savings | $5 | .50% | .50% | Quarterly |
For the latest rates offered by Sapelo Southern Bank, please call (478)757-8181.
A penalty may be imposed for early withdrawal of Certificates
of Deposit. Interest bearing checking and money market accounts earn
interest on collected balances and your interest rate and annual percentage
yield may change at Sapelo Southern Bank's discretion. Fees could reduce
earnings on checking and money market accounts.
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