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Deposit Rates

This Rate Chart contains information about interest rates and annual percentage yields for some of the accounts we offer. For additional information or information regarding Jumbo Certificates of Deposit, contact Nikki Nichols or Whitney Simon.

 

Valley State Bank Money Rates 11/3/2021

This Rate Chart contains information about interest rates and annual percentage yields for some of the accounts we offer.
Account Product NameMinimum Opening DepositMinimum Balance to Obtain Annual Percentage YieldInterest RateAnnual Percentage Yield
Account Product Name
91 DAY CERTIFICATE OF DEPOSIT a
Minimum Opening Deposit
$500.00
Minimum Balance to Obtain Annual Percentage Yield
$0.01
Interest Rate
0.25%
Annual Percentage Yield
0.25%
Account Product Name
6 MONTH CERTIFICATE OF DEPOSIT a
Minimum Opening Deposit
$500.00
Minimum Balance to Obtain Annual Percentage Yield
$0.01
Interest Rate
0.30%
Annual Percentage Yield
0.30%
Account Product Name
6 MONTH VARIABLE CERTIFICATE OF DEPOSIT a,b
Minimum Opening Deposit
$500.00
Minimum Balance to Obtain Annual Percentage Yield
$0.01
Interest Rate
0.05%
Annual Percentage Yield
0.05%
Account Product Name
1 YEAR CERTIFICATE OF DEPOSIT a
Minimum Opening Deposit
$500.00
Minimum Balance to Obtain Annual Percentage Yield
$0.01
Interest Rate
0.40%
Annual Percentage Yield
0.40%
Account Product Name
2 YEAR CERTIFICATE OF DEPOSIT a
Minimum Opening Deposit
$500.00
Minimum Balance to Obtain Annual Percentage Yield
$0.01
Interest Rate
0.55%
Annual Percentage Yield
0.55%
Account Product Name
2 YEAR STEP-AHEAD CERTIFICATE OF DEPOSIT a,b
Minimum Opening Deposit
$500.00
Minimum Balance to Obtain Annual Percentage Yield
$0.01
Interest Rate
0.45%
Annual Percentage Yield
0.45%
Account Product Name
3 YEAR CERTIFICATE OF DEPOSIT a
Minimum Opening Deposit
$500.00
Minimum Balance to Obtain Annual Percentage Yield
$0.01
Interest Rate
0.65%
Annual Percentage Yield
0.65%
Account Product Name
4 YEAR CERTIFICATE OF DEPOSIT a
Minimum Opening Deposit
$500.00
Minimum Balance to Obtain Annual Percentage Yield
$0.01
Interest Rate
0.80%
Annual Percentage Yield
0.80%
Account Product Name
4 YEAR STEP-AHEAD CERTIFICATE OF DEPOSIT a,b
Minimum Opening Deposit
$500.00
Minimum Balance to Obtain Annual Percentage Yield
$0.01
Interest Rate
0.70%
Annual Percentage Yield
0.70%
Account Product Name
VALLEY SAVINGS b
Minimum Opening Deposit
$50.00
Minimum Balance to Obtain Annual Percentage Yield
$0.01
Interest Rate
0.10%
Annual Percentage Yield
0.10%
Account Product Name

VALLEY INTEREST CHECKING b

Daily Balances of: $2,500.00 and up

Minimum Opening Deposit
$2500.00
Minimum Balance to Obtain Annual Percentage Yield
$2500.00 b
Interest Rate
0.10%
Annual Percentage Yield
0.10%
Account Product Name

ROYAL CHECKING b,e

Qualifications are met: e

Daily Balances of: $0.01 up to $25000.00:

Daily Balances of $25000.01 and up:

Qualifications are not met:e

Minimum Opening Deposit

$100.00

Minimum Balance to Obtain Annual Percentage Yield
$0.01
Interest Rate




1.75%

0.20%

0.10%

Annual Percentage Yield




1.76%

0.20%

0.10%

Account Product Name
91  DAY IRA CERTIFICATE OF DEPOSIT a
Minimum Opening Deposit
$10.00
Minimum Balance to Obtain Annual Percentage Yield
$0.01
Interest Rate
0.25%
Annual Percentage Yield
0.25%
Account Product Name
6  MONTH IRA CERTIFICATE OF DEPOSIT a
Minimum Opening Deposit
$10.00
Minimum Balance to Obtain Annual Percentage Yield
$0.01
Interest Rate
0.30%
Annual Percentage Yield
0.30%
Account Product Name
1 YEAR IRA CERTIFICATE OF DEPOSIT a
Minimum Opening Deposit
$10.00
Minimum Balance to Obtain Annual Percentage Yield
$0.01
Interest Rate
0.40%
Annual Percentage Yield
0.40%
Account Product Name
36 MONTH IRA CERTIFICATE OF DEPOSIT a
Minimum Opening Deposit
$10.00
Minimum Balance to Obtain Annual Percentage Yield
$0.01
Interest Rate
0.65%
Annual Percentage Yield
0.65%
 

a) A penalty may be imposed for early withdrawal.

b) The interest rate and annual percentage yield may change after account opening

d) Average daily balance. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

e) Monthly Cycle Qualifications:Have at least 10 debit card purchases post and settle (POS transactions.) Be enrolled and log into online banking. Be enrolled and receive E-Statements. Have at least one automatic debit (ACH) or direct deposit post and settle.

 
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