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Business CheckingPLUS
Business Savings Accounts
Business Titanium Savings Accounts
Business Money Market Accounts
Business Certificates
As of
January 7, 2009
| Business CheckingPLUS! |
| Daily Balance |
Prospective Dividend Rate |
Prospective APY |
| $2,500-9,999 |
0.05
% |
0.05
% |
| $10,000—24,999 |
0.05
% |
0.05
% |
| $25,000—99,999 |
0.05
% |
0.05
% |
| $100,000 + |
0.10
% |
0.10
% |
Required minimum balance: $50 to open the account,
$2,500 daily balance to earn dividends.
| Business Savings Accounts |
| Daily Balance |
Prospective Dividend Rate |
Prospective APY |
| $0—99 |
0.05
% |
0.05
% |
| $100—2,499 |
0.05
% |
0.05
% |
| $2,500—9,999 |
0.10
% |
0.10
% |
| $10,000—24,999 |
0.10
% |
0.10
% |
| $25,000 + |
0.15
% |
0.15
% |
Required minimum balance: $5 to open the account, $5 daily balance to earn dividends, $100 daily balance to avoid monthly $3.50 service charge.
| Business Titanium Savings Accounts |
| Daily Balance |
Prospective Dividend Rate |
Prospective APY |
| $100—24,999 |
0.05
% |
0.05
% |
| $25,000—49,999 |
0.15
% |
0.15
% |
| $50,000—99,999 |
0.20
% |
0.20
% |
| $100,000—249,000 |
0.25
% |
0.25
% |
| $250,000 + |
0.50
% |
0.50
% |
Required minimum balance: $25,000 to open the account, $100 daily balance to earn dividends and to avoid monthly $3.50 service charge.
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| Business Money Market Accounts |
| Daily Balance |
Prospective Dividend Rate |
Prospective APY |
| $2,500—9,999 |
0.05
% |
0.05
% |
| $10,000—24,999 |
0.10
% |
0.10
% |
| $25,000—49,999 |
0.15
% |
0.15
% |
| $50,000—74,999 |
0.20
% |
0.20
% |
| $75,000 + |
0.25
% |
0.25
% |
Required minimum balance: $1,500 to open the account, $2,500 daily balance to earn dividends, $1,500 daily balance to avoid monthly $10.00 service charge.
| Business Certificates |
| $1,000—$9,999 Certificates |
| Daily Balance |
Prospective Dividend Rate |
Prospective APY |
| 2 Months |
0.20
% |
0.20
% |
| 3 Months |
0.30
% |
0.30
% |
| 6 Months |
0.45
% |
0.45
% |
| 1 Years |
0.95
% |
0.95
% |
| 18 Months |
1.45
% |
1.46
% |
| 2 Years |
1.70
% |
1.71
% |
| 3 Years* |
2.20
% |
2.22
% |
| 4 Years* |
2.45
% |
2.48
% |
| 5 Years* |
3.45
% |
3.51
% |
|
| $10,000 + Certificates |
| Daily Balance |
Prospective Dividend Rate |
Prospective APY |
| 2 Months |
0.25
% |
0.25
% |
| 3 Months |
0.35
% |
0.35
% |
| 6 Months |
0.50
% |
0.50
% |
| 1 Years |
1.00
% |
1.01
% |
| 18 Months |
1.50
% |
1.51
% |
| 2 Years |
1.75
% |
1.77
% |
| 3 Years* |
2.25
% |
2.28
% |
| 4 Years* |
2.50
% |
2.53
% |
| 5 Years* |
3.50
% |
3.56
% |
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*Special "Bump Up" option available. "Bump rate" feature is a one–time option available only on 3–year, 4–year, and 5–year IRAs and Certificates.
For all accounts except Certificate accounts, dividends are paid from current and available earnings, after required transfers to reserves at the end of the dividend period. Fees or other conditions could reduce earnings on any of the accounts listed. For all Business Savings, Checking, and Money Market Savings Accounts, the prospective Dividend Rate and prospective Annual Percentage Yield are set forth above. The Dividend Rate and APY on Savings Accounts may change monthly as determined by the Board of Directors. The Dividend Rate and APY on Money Market Savings may change daily.
The Dividend Rate and APY for each Certificate account are set forth above. If a Certificate account were opened, the applicable Dividend Rate and APY set forth above would be paid for the length of the term listed for such account. A substantial penalty may be imposed for early withdrawal on any Term Share Certificate Account.
For the the purpose of this disclosure, the APR and APY are accurate as of the date posted above.
Please call 831.479.6000 to obtain current rate information.
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Contact Bay Federal: 831.479.6000
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