A sure, safe way to earn a premium interest rate and maximize your earnings is with a Seaway Bank and Trust Company Certificate of Deposit (CD). The minimum opening balance is just $1,000 with terms as long as 5 years. You can let your earnings compound or receive quarterly interest checks, depending on your need. The longer the term, the higher the rate. Interest is compounded and credited quarterly. Rates may change at any time.


Savings and Interest-Bearing Checking Accounts Rates and APYs are accurate as of April 14, 2014.
Account Type
Minimum
Deposit To
Open Account
Minimum
Balance to
Obtain APY
Interest
Rate
Annual
Percentage
Yield
Regular Savings
$100
$0
0.15%
0.15%
NOW Checking
$100
$100
0.10%
0.10%
Money Market
$500
$1,000
0.10%
0.10%
Platinum Money Market
$25,000
$25,000 - $49,999.99
0.10%
0.10%
$50,000 - $74,999.99
0.10%
0.10%
$75,000 - $99,999.99
0.12%
0.12%
$100,000 or higher
0.15%
0.15%
Classic Club
$100
$100
0.10%
0.10%
Classic Club Plus
$100
$100
0.10%
0.10%
Non-Profit NOW
$100
$1,500
0.10%
0.10%
Commercial Money Market
$100
$1,500
0.10%
0.10%


Certificates of Deposit and Jumbo CDs
Rates and APYs are accurate as of
April 14, 2014.
Term of CD
Minimum
Deposit to
Open Account
Minimum
Balance to
Obtain APY
Interest
Rate
Annual
Percentage
Yield
92 Days
$1,000
$1,000
0.15%
0.15%
182 Days
$1,000
$1,000
0.15%
0.15%
1 Year
$1,000
$1,000
0.30%
0.30%
2 Years
$1,000
$1,000
0.45%
0.45%
3 Years
$1,000
$1,000
0.55%
0.55%
4 Years
$1,000
$1,000
0.70%
0.70%
5 Years
$1,000
$1,000
0.95%
0.95%
Jumbo CDs
60 Days
$100,000
$100,000
0.20%
0.20%
90 Days
$100,000
$100,000
0.20%
0.20%
120 Days
$100,000
$100,000
0.20%
0.20%
150 Days
$100,000
$100,000
0.20%
0.20%
180 Days
$100,000
$100,000
0.20%
0.20%
270 Days
$100,000
$100,000
0.25%
0.25%
1 Year
$100,000
$100,000
0.25%
0.25%
The APY assumes interest will remain on deposit until maturity. Fees may reduce earnings. If you close your account before interest is credited, you will not receive the accrued interest. A penalty will be imposed if you withdraw any of the principal before the maturity date.

Certificates of Deposit are compounded quarterly unless otherwise noted.

For Jumbo CD terms over One Year, contact the Comptroller at (773)602-4112.

IRAs are available for any of the above terms. Additional deposits may be made to any IRA.

 

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