Deposit Account Rates

Rates effective December 30, 2013.

Consumer Accounts

TIERS Free Interest Checking Rewards Checking Personal Money Market (MMA)
  Interest Rate APY Interest Rate APY Interest Rate APY
$0 - 999.99 ------  ------ 0.10% 0.10%  ------  ------
$1,000 - $9,999.99 0.10%  0.10% 0.10% 0.10% 0.15% 0.15%
 $10,000 - $24,999.99 0.10%  0.10% 0.10% 0.10% 0.20% 0.20%
 $25,000 - $49,999.99 0.10%  0.10% 0.10% 0.10% 0.20% 0.20%
$50,000 - $99,999.99 0.10%  0.10% 0.10% 0.10% 0.25% 0.25%
$100,000+ 0.10%  0.10% 0.10% 0.10% 0.40% 0.40%
PERSONAL SAVINGS:  Annual Percentage Yield of 0.15%, interest rate of 0.15%  The rate may change after the account is opened. Fees may reduce earnings. APY is effective as of the date shown above. The opening minimum deposit for consumer  savings accounts is $25.

 

Business Accounts

Interest Business Business Money Market (MMA)
  TIERS Interest Rate APY  TIERS Interest Rate APY
$0 - 999.99 0.10% 0.10% $5,000 - $49,999 0.20% 0.20%
$1,000 - $9,999.99 0.10% 0.10% $50,000 - $99,999 0.25% 0.25%
 $10,000 - $24,999.99 0.10% 0.10% $100,000 - $249,999 0.40% 0.40%
 $25,000 - $49,999.99 0.10% 0.10% $250,000 - $499,999 0.40% 0.40%
$50,000 - $99,999.99 0.10% 0.10% $500,000+ 0.40% 0.40%
$100,000+ 0.10%  0.10%      
ANALYSIS: 0.25%  EARNINGS CREDIT           
SWEEP/REPO ACCOUNT: No longer offered           
IOLTA:  Rate & APY 0.10% (no tiers)           
PRIME RATE: 3.25%   

 

CD / IRA** Accounts

TERM Interest Rate APY
 90 Day/3 Month 0.15% 0.15%
182 Day/6 Month 0.20% 0.20%
9 Month 0.30% 0.30%
12 Month 0.40% 0.40%
 18 Month 0.50% 0.50%
24 Month 0.60% 0.60%
36 Month 0.60% 0.60%
48 Month 0.60% 0.60%
60 Month 0.60% 0.60%

 

*Elite Checking (Consumer Only)

TIERS Interest Rate APY
$0 - $15,000 0.10% 0.30%
$15,000.01+ 0.10% 0.15%
* No new ELITE.CHECKING accounts will  be opened after 6-30-2011.  

 

APY = Annual Percentage Yield

Compounding:  Elite.Checking, Free Interest Checking, Rewards Checking, Money Market Accounts, and Business Checking Accounts earn interest daily and interest credits monthly.  Savings accounts earn interest daily and interest is credited quarterly.

All Interest Bearing Accounts:  Annual Percentage Yield is accurate as of the date shown above and can be changed at any time without notice.  The rate may change after the account is opened.  Interest rates are set at the discretion of Brookhaven Bank.  A withdrawal will reduce earnings.  Fees may also reduce earnings.  For all checking accounts the minimum opening deposit is $100.

Certificates of Deposit / IRA'S:  Annual Percentage Yield is accurate as of date shown above. Penalties may be imposed for early withdrawal.  The annual percentage yield assumes interest will remain on deposit until maturity and a withdrawal of interest will reduce earnings.  For CD terms 90 days or less, interest is compounded and credited at maturity.   All other CD terms are compounded daily and credited quarterly.   Minimum opening deposit for CD accounts is $500.  The minimum amount to earn the APY is $500.  **IRA's are only available for one year terms or greater.

 

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