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Interest Checking
Savings (Share) Accounts
Money Market Accounts
Individual Retirement Accounts (IRA Shares)
Certificates
As of April 21, 2008
| Interest Checking |
| Daily Balance |
Prospective Dividend Rate |
Prospective APY |
| $2,500-9,999 |
0.20
% |
0.20
% |
| $10,000—24,999 |
0.30
% |
0.30
% |
| $25,000—99,999 |
0.40
% |
0.40
% |
| $100,000 + |
0.50
% |
0.50
% |
Required minimum balance: $50 to open the account,
$2,500 daily balance to earn dividends and to avoid
monthly $10.00 service charge.
| Savings (Share) Accounts |
| Daily Balance |
Prospective Dividend Rate |
Prospective APY |
| $0—99 |
0.25
% |
0.25
% |
| $100—2,499 |
0.25
% |
0.25
% |
| $2,500—9,999 |
0.30
% |
0.30
% |
| $10,000—24,999 |
0.40
% |
0.40
% |
| $25,000 + |
0.60
% |
0.60
% |
Required minimum balance: $5 to open the account, $5 daily balance to earn dividends, $100 daily balance to avoid monthly $3.50 service charge.
| Titanium Savings Accounts |
| Daily Balance |
Prospective Dividend Rate |
Prospective APY |
| $100—25,000 |
0.25
% |
0.25
% |
| $25,000—49,999 |
1.25
% |
1.26
% |
| $50,000—99,999 |
1.50
% |
1.51
% |
| $100,000—249,000 |
1.75
% |
1.77
% |
| $250,000 + |
1.85
% |
1.87
% |
Required minimum balance: $25,000 to open the account, $100 daily balance to earn dividends, $100 daily balance to avoid monthly $3.50 service charge.
| Money Market Accounts |
| Daily Balance |
Prospective Dividend Rate |
Prospective APY |
| $2,500—9,999 |
0.50
% |
0.50
% |
| $10,000—24,999 |
0.75
% |
0.75
% |
| $25,000—49,999 |
1.00
% |
1.01
% |
| $50,000—74,999 |
1.25
% |
1.26
% |
| $75,000 + |
1.50
% |
1.51
% |
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.
| Individual Retirement Accounts (IRAs) |
| Daily Balance |
Prospective Dividend Rate |
Prospective APY |
| $100 + |
1.25
% |
1.26
% |
Required minimum balance: $100 to open the account. $100 daily balance to earn dividends. IRAs are also available as Term Share (Certificate) Accounts.
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| Certificates |
| $1,000—$9,999 Certificates |
| Daily Balance |
Prospective Dividend Rate |
Prospective APY |
| 2 Months |
1.15
% |
1.16
% |
| 3 Months |
1.65
% |
1.66
% |
| 6 Months |
2.15
% |
2.17
% |
| 1 Years |
2.40
% |
2.43
% |
| 18 Months |
2.60
% |
2.63
% |
| 2 Years |
2.90
% |
2.94
% |
| 3 Years* |
3.15
% |
3.20
% |
| 4 Years* |
3.65
% |
3.72
% |
| 5 Years* |
4.30
% |
4.39
% |
|
| $10,000 + Certificates |
| Daily Balance |
Prospective Dividend Rate |
Prospective APY |
| 2 Months |
1.25
% |
1.26
% |
| 3 Months |
1.75
% |
1.77
% |
| 6 Months |
2.25
% |
2.28
% |
| 1 Years |
2.50
% |
2.53
% |
| 18 Months |
2.70
% |
2.74
% |
| 2 Years |
3.00
% |
3.05
% |
| 3 Years* |
3.25
% |
3.30
% |
| 4 Years* |
3.75
% |
3.82
% |
| 5 Years* |
4.40
% |
4.50
% |
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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 Savings, Money Market Savings, and IRAs Accounts, the prospective Dividend Rate and prospective Annual Percentage Yield are set forth above. The Dividend Rate and APY on Savings and IRA 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.
Please call 831.479.6000 to obtain current rate information.
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Contact Bay Federal: 831.479.6000
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