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Certificates of Deposit The interest rates and annual percentage yields stated below are accurate as of 4/1/2008. You may contact your local Mechanics Bank branch to obtain current information. |
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Certificates of Deposit
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Minimum
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Interest Rate
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APY*
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31 Days
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$500.00
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1.05%
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1.05%
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$100,000.00
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1.20%
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1.21%
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60 Days
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$500.00
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1.25%
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1.26%
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$100,000.00
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1.40%
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1.41%
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91 Days
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$500.00
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1.55%
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1.56%
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$100,000.00
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1.70%
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1.71%
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182 Days
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$500.00
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2.40%
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2.42%
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$100,000.00
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2.55%
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2.57%
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12 Months
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$500.00
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2.60%
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2.63%
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$100,000.00
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2.75%
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2.78%
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18 Months
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$500.00
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2.60%
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2.63%
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$100,000.00
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2.75%
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2.78%
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24 Months
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$500.00
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2.65%
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2.68%
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$100,000.00
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2.80%
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2.83%
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25 Months STEP-UP
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$500.00
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2.65%
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2.68%
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$100,000.00
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2.80%
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2.83%
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36 Months
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$500.00
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2.65%
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2.68%
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$100,000.00
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2.80%
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2.83%
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37 Months STEP-UP
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$500.00
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2.65%
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2.68%
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$100,000.00
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2.80%
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2.83%
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42 Months
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$500.00
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2.65%
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2.68%
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$100,000.00
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2.80%
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2.83%
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48 Months
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$500.00
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2.65%
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2.68%
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$100,000.00
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2.80%
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2.83%
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49 Months STEP-UP
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$500.00
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2.65%
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2.68%
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$100,000.00
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2.80%
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2.83%
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60 Months
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$500.00
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2.65%
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2.68%
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$100,000.00
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2.80%
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2.83%
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12 Months CD/IRA
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$500.00
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2.70%
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2.73%
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$100,000.00
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2.85%
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2.88%
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24 Months CD/IRA
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$500.00
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2.75%
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2.78%
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$100,000.00
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2.90%
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2.94%
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36 Months CD/IRA
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$500.00
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2.75%
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2.78%
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$100,000.00
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2.90%
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2.94%
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48 Months CD/IRA
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$500.00
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2.75%
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2.78%
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$100,000.00
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2.90%
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2.94%
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60 Months CD/IRA
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$500.00
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2.75%
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2.78%
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$100,000.00
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2.90%
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2.94%
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Variable Rate Accounts***
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Tiered Rate Now Account
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$2,499.99 - under
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0.25%
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0.25%
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$2,600.00 - 9,999.99
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0.75%
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0.75%
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$10,000.00 - $99,999.99
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1.50%
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1.51%
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$100,000.00 - above
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2.05%
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2.07%
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Fixed Rate Accounts
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Money Market
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$100.00
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1.00%
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1.00%
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Golden Savings
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$50.00
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0.75%
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0.75%
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*APY is Annual Percentage Yield **Penalty may be imposed for early withdrawal on Certificates of Deposit. ***Rates may change after account is opened. Fees may reduce earnings. $100.00 minimum to open. |
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