Bank5 Connect Rates
Deposit accounts with competitive, high-interest rates that work for you.
Rates effective 12/10/2024. Rates subject to change.
CD Rates
Product | Interest Rate | APY* | Minimum Deposit | Minimum Required to Earn APY* |
---|---|---|---|---|
3 Month CD | 4.41% | 4.50% | $500.00 | $500.00 |
6 Month CD | 4.41% | 4.50% | ||
12 Month CD | 4.17% | 4.25% | ||
15 Month CD | 4.17% | 4.25% | ||
18 Month CD | 3.15% | 3.20% | ||
21 Month CD | 3.15% | 3.20% | ||
24 Month Investment CD | 3.25% | 3.30% | ||
36 Month CD | 0.85% | 0.85% |
Penalty for early withdrawal. Rate may change at end of term. Fees may reduce earnings.
Savings Account Rates
Product | Interest Rate | APY* | Minimum Deposit | Minimum Required to Earn APY* |
---|---|---|---|---|
Connect Savings | 1.49% | 1.50% | $10 | $100 |
Jumbo Savings | 4.51% | 4.60% | $25,000 | $25,000 |
Rate may change after account is opened. Fees may reduce earnings.
Money Market Account Rates
Product | Interest Rate | APY* | Minimum Deposit | Minimum Required to Earn APY* |
---|---|---|---|---|
Accelerator Money Market1 | 4.22% | 4.31% | $5,000 | $5,000 |
Connect Money Market2 | 1.00% | 1.00% | $100 | $100 |
1The interest rate will be based on the one month FHLB (Federal Home Loan Bank Boston) interest rate, as quoted on the last day of the month, minus a margin of 0.60%. Interest rate will be adjusted on the first day of each month. Balances over $1,000,000 will not earn interest. We reserve the right to discontinue this product at any time with 30 days' notice. Upon discontinuation, account will be converted to a Connect Money Market account, subject to the terms and conditions of that account.
2Balances over $1,000,000 will not earn interest.
Checking Account Rates
Product | Interest Rate | APY* | Minimum Deposit | Minimum Required to Earn APY* |
---|---|---|---|---|
Connect Checking | 2.28% | 2.30% | $10 | $100 |
Rate may change after account is opened. Fees may reduce earnings.
*APY – Annual percentage yield.
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