Personal Rates

Rates Effective October 4, 2023

Personal Checking Accounts

Type of AccountMinimum Opening Deposit RequiredMinimum Balance to Obtain Annual Percentage YieldAnnual Percentage YieldInterest Rate
Regular Checking$100.00N/AN/AN/A
Economy Checking$100.00N/AN/AN/A
NOW Checking$100.00$1,500.000.05%0.04%
Premium NOW Tier 1$25,000.00$25,000.00 - $49,999.990.05%0.04%
Premium NOW Tier 2$25,000.00$50,000.00 - $149,999.990.10%0.09%
Premium NOW Tier 3$25,000.00150,000.00 and over0.15%0.14%

Money Market Accounts

Type of AccountMinimum Opening Deposit RequiredMinimum Balance to Obtain Annual Percentage YieldAnnual Percentage YieldInterest Rate
Money Market Tier 1$2,500.00$2,500.00 - $24,999.990.50%0.498%
Money Market Tier 2$2,500.00$25,000.00 - $49,999.992.00%1.98%
Money Market Tier 3$2,500.00$50,000.00 - $249,999.993.50%3.45%
Money Market Tier 4$2,500.00$250,000.00 and over4.00%3.93%

Savings Accounts

Type of AccountMinimum Opening Deposit RequiredMinimum Balance to Obtain Annual Percentage YieldAnnual Percentage YieldInterest Rate
Statement Savings$100.00$200.000.05%0.04%
High Yield Savings Tier 1$1,000.00$1,000.00-$9,999.990.05%0.04%
High Yield Savings Tier 2$1,000.00$10,000.00 and over3.50%3.45%

Certificate of Deposit Accounts

Penalties may be imposed for early withdrawals

Type of AccountMinimum Opening Deposit RequiredMinimum Balance to Obtain Annual Percentage YieldAnnual Percentage YieldInterest Rate
12 Month$500.00$500.003.75%3.68%
15 Month*$500.00$500.004.00%3.92%
18 Month$500.00$500.000.30%0.29%
Bump Up 20 Month CD**$500.00$500.004.15%4.07%
24 Month$500.00$500.000.35%0.34%
36 Month$500.00$500.000.50%0.49%
60 Month$2500.00$2500.000.60%0.59%

*This account will automatically renew at maturity into a fixed rate twelve (12) month certificate of deposit at the current interest rate in effect on the maturity date.
**Interest rate can be increased once during the initial term of the account to the interest rate then in effect on the Bump Up 20 Month CD.  This account will automatically renew at maturity into a fixed rate twenty four (24) month certificate of deposit at the current interest rate in effect on the maturity date.

Individual Retirement Accounts

Penalties may be imposed for early withdrawals

Type of AccountMinimum Opening Deposit RequiredMinimum Balance to Obtain Annual Percentage YieldAnnual Percentage YieldInterest Rate
12 Month$500.00$500.003.75%3.68%
15 Month*$500.00$500.004.00%3.92%
18 Month$500.00$500.000.30%0.29%
Bump Up 20 Month CD**$500.00$500.004.15%4.07%
24 Month$500.00$500.000.35%0.34%
36 Month$500.00$500.000.50%0.49%
60 Month$2500.00$2500.000.60%0.59%
IRA Savings$500.00$500.000.05%0.04%

*This account will automatically renew at maturity into a fixed rate twelve (12) month certificate of deposit at the current interest rate in effect on the maturity date.
**Interest rate can be increased once during the initial term of the account to the interest rate then in effect on the Bump Up 20 Month CD.  This account will automatically renew at maturity into a fixed rate twenty four (24) month certificate of deposit at the current interest rate in effect on the maturity date.

Interest rates are subject to change without notice
Fees may reduce earnings.

Important Notice

InsurBanc will be closed on Monday, October 9th in observance of Columbus Day.

Contact Form

InsurBanc will be closed on Monday, October 9th in observance of Columbus Day.
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