Rates

Queenstown Bank offers competitive rates on all of our deposit products to better serve you.  If you have any questions feel free to contact us for more information.

  

Certificates of Deposit

 Certificate Type

Minimum Deposit

Interest Rate

Annual Percentage Yield (APY) for Compounded CD's***

6 Month Certificate

$500.00

3.71%

3.75%

12 Month Certificate

$500.00

0.25%

0.25%

15 Month Certificate
(For Balances $25,000 - $50,000)

$25,000.00

1.50%

1.51%

15 Month Certificate
(For Balances over $50,000)

$50,000.01

2.00%

2.01%

18 Month Certificate

$25,000.00

4.00%

4.05%

24 Month Certificate

$500.00

0.50%

0.50%

30 Month RAD* Certificate (1 Bump)

$500.00

0.30%

0.30%

48 Month Certificate
(For Balances up to $99,999.99)

$500.00

0.50%

0.50%

 48 Month Certificate
(For Balances over $100,000.00)

$500.00

0.55%

0.55%

3 Year RAD* Certificate (1 Bump)

$500.00

0.35%

0.35%

5 Year Certificate

$500.00

0.55%

0.55%

Click here to view all of our deposit rates.

Interest is paid on all balances, fees or penalties could reduce earnings on accounts.  Early withdrawal penalties may be imposed on all time accounts if closed prior to maturity.

* RAD (Rate Adjustable Deposit) Certificates - the interest rate and annual percentage yield may change after account opening upon the customer's written request to change the rate as indicated above.

** After the first 7 days following account opening, one withdrawal of either all or part of  the account balance will be allowed without a penalty.  After the one-time withdrawal has been completed, normal penalties will be assessed for any additional withdrawals prior to account maturity.

*** Annual percentage yield on compounded certificates assumes that the interest will remain in the certificate for the full term. Interest may be paid periodically by check or electronic transfer, per customer request, but the annual percentage yield will change. if you prefer, but the annual percentage yield will change.

Fees or penalties could reduce earnings on accounts.

Individual Retirement Account

Click here to view all of our deposit rates.

All of the certificates of deposit (above) are available to IRA customers. IRA certificates will bear the same rates as provided above but will only be available as compounded certificates. In addition to IRA certificates, IRA customers may also open an IRA savings account.  See IRA Savings rates and terms above under Checking and Savings accounts.  All our IRA accounts are subject to the rules and regulations of the established IRA Plan regulations set by the Internal revenue Service.

A substantial early withdrawal penalty may be imposed on all time accounts if closed prior to maturity.

Savings and Checking Accounts

 Account Type

Minimum Deposit

Interest Rate

Annual Percentage Yield (APY)

Kasasa Saver with Cash* and
Kasasa Saver with Cash Back*
(For Balances up to and including $20,000)

Ten Transaction Limit Per Calendar Month to Avoid Excessive Withdrawal Service Fee

 $20.00

0.50%***

0.50%***

Kasasa Saver with Cash* and
Kasasa Saver with Cash Back*
(For Balances over $20,000)

Ten Transaction Limit Per Calendar Month to Avoid Excessive Withdrawal Service Fee

$20.00 

0.20%***

Range 0.50% - 0.25%***

Regular Savings*
(Ten Transaction Limit Per Calendar Month to Avoid Excessive Withdrawal Service Fee)

$20.00

0.10%

0.10%

Savings Club^

$10.00

0.25%

0.25%

Money Market Savings*
(For Balances up to $49,999.99)
(Six Transaction Limit Per Calendar Month to Avoid Excessive Withdrawal Service Fee)

$2,500.00

0.10%

0.10%

Money Market Savings*
(For Balances equal to, or over $50,000)
(Six Transaction Limit Per Calendar Month to Avoid Excessive Withdrawal Service Fee)

$2,500.00

0.25%

0.25%

Premier Money Market Savings*
(Three Transaction Limit Per Calendar Month to Avoid Excessive Withdrawal Service Fee)

$25,000.00
Balance RangeInterest Rate

Annual Percentage Yield

(APY)

Balances up to $24,999.99 .10% .10%
Balances $25,000.00 to $99,999.99 .25% .25%
Balances $100,000.00 to $249,999.99 1.00% 1.00%
Balances $250,000.00 to $499,999.99 1.50% 1.51%
Balances over or equal to $500,000.00 2.00% 2.02%
New Money $250,000 and over^^ 2.50% 2.53%

 

IRA Savings Account*

$20.00

0.25%

0.25%

Kasasa Cash*
(For Balances up to and including $20,000)

$20.00 

4.41%**  

4.50%**  

Kasasa Cash*
(For Balances over $20,000)

$20.00 

 0.50%** 

Range 4.50% - 1.17%**  

NOW Checking*

$1,000.00

0.10%

0.10%

Super NOW Checking*

$2,500.00

0.10%

0.10%

Click here to view all of our deposit rates.

Interest is paid on all balances; fees could reduce earnings on accounts.

*The interest rate and annual percentage yield may change after account opening.

**Rates will be paid if account qualifications are met during monthly qualification cycle.  Non-qualifying interest rate is 0.01% with a 0.01% APY.  See Personal Checking page on our website or contact one of our customer service representatives for qualifications.

***Must have a Kasasa Cash or Cash Back checking account to establish a Kasasa Saver account.  Attached Kasasa checking account must qualify to obtain above rate.  Kasasa Saver non-qualifying interest rate is 0.01% with a 0.01% APY.

^Annual quoted rate will remain in effect through maturity.  Maximum $500 deposit per business day.  If account is closed prior to maturity an early withdrawal penalty and loss of accrued interest will be imposed.

^^ Rate Guaranteed through March 31, 2023.

Fees or penalties could reduce earnings on accounts.
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