|Term*||Interest Rate**||Annual % Yield†||Intro. Int. Rate**||Intro A.P.Y.†|
|12 Mo (1 yr)||1.640%||1.650%||2.005%||2.020%|
|24 Mo (2 yr)||1.880%||1.900%||2.270%||2.290%|
|48 Mo (4 yr)||1.880%||1.900%||2.370%||2.400%|
$1,000.00 required to open account
* A penalty may be imposed if there is an early withdrawal from the account.
** Rate subject to change
† Assumes that interest will compound monthly and remain on deposit until maturity.
Savings Account Rates
We may change the rate of interest on your account at any time. Rates may change after the account is opened. Interest will be compounded semi-annually and will be credited to your account semi-annually for the Passbook Savings. Interest will be compounded monthly and will be credited to your account monthly for the Money Market and NOW Account. These APYs do not take into account periodic withdrawals of interest and fees may reduce earnings on the account.
The above rates are the posted rates for all branches of King Southern Bank
Rates effective as of 8-1-18