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Deposit Rates

Current Savings and Certificate Account rates as of November 9, 2017

Certificates of Deposit

 

Type Interest Rate APY
6-month 0.50% 0.50%
12-month 0.75% 0.75%
18-month 0.65% 0.65%
19-month Special 1.50% 1.51%
19-month Special 1.70% 1.71%*
*Deposits must be new to IFSB
24-month 1.00% 1.00%
36-month 1.25% 1.25%
5-Year 2.00% 2.01%
Heritage CD* 1.75% 1.76%
Minimum balance is $1,000, except a Heritage CD ($1 minimum) and 19 month special at 1.70%, minimum new money deposit of $5,000.
Six-month certificates compound at maturity, all other certificates compound semi-annually. There may be penalties for early withdrawal from certificates.
*Variable rate. Interest rate on Heritage Certificate is a variable rate. APY is accurate as of November 9, 2017. No penalty for early withdrawal after child’s 18th birthday. Child must be 18 years or under at time of opening. 5 year term.

 

Type Interest Rate APY
24-month IRA* 1.50% 1.51%
Minimum balance is $100.
*Variable Rate. Customers may choose a fixed rate from our 12, 18, or 24 month CD selection. There may be penalties for early withdrawal from retirement accounts.

 

Deposit Accounts**

 

Type Interest Rate/APY Minimum Balance
Premium Checking 0.10% $1,000
0.15% $10,000
0.20% $50,000
Passbook Savings* 0.25% $1
Super Saver* 0.25% $1,000
0.30% $10,000
0.40% $25,000

Cornerstone Money Market Account**

 

Balance Interest Rate APY
$5,000 – $19,999 0.40% 0.40%
$20,000 – $49,999 0.50% 0.50%
$50,000 and Above 0.60% 0.60%
*FDIC – Federal Deposit Insurance Corporation. Each deposit insured up to $250,000.
**The interest rate is variable and may be changed at our discretion.
APY = Annual Percentage Yield. Fees could reduce earnings. Withdrawal limitations apply.

 

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