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Rates

Checking Accounts2

Effective Date: Monday, October 23, 2017

TypeAnnual Percentage YieldRateMinimum Opening Balance
Free CheckingNANA$50.00
Cash Back Checking
$1,500.00 - $24,999.990.10%0.10%$50.00
$25,000.00 - $49,999.990.20%0.20%$50.00
$50,000.00 & Over0.30%0.30%$50.00
Business CheckingNANA$50.00
Business Plus CheckingNANA$50.00
Community First Checking.25%.25%$50.00

HOW TO OPEN

2The interest rate and annual percentage yield may change after account opening. Fees could reduce account earnings.

Savings Accounts2

Effective Date: Monday, October 23, 2017

TypeAnnual Percentage YieldRateMinimum Opening Balance
E-Kids Savings for Kids0.25%0.25%$5.00
Christmas Club0.25%0.25%$5.00
Prosperity Savings
$0 - $999.990.00%0.00%$100.00
$1,000.00 - $4,999.990.05%0.05%$100.00
$5,000.00 - $24,999.990.10%0.10%$100.00
$25,000.00 - $49,999.990.15%0.15%$100.00
$50,000.00 & up0.35%0.35%$100.00
Prosperity Money Market
$0 - $4,999.990.05%0.05%$50.00
$5,000.00 - $24,999.990.10%0.10%$50.00
$25,000.00 - $49,999.990.15%0.15%$50.00
$50,000.00 - $249,999.990.25%0.25%$50.00
$250,000.00 & up0.35%0.35%$50.00
Health Savings Account (HSA)
$0 - $999.990.10%0.10%$50.00
$1,000.00 - $4,999.990.25%0.25%$50.00
$5,000.00 & Up0.50%0.50%$50.00

HOW TO OPEN

2The interest rate and annual percentage yield may change after account opening. Fees could reduce account earnings.

Certificate of Deposit Accounts1

Effective Date: Monday, October 23, 2017

Type Annual Percentage Yield Rate Minimum Opening Balance
182 Days 0.40% 0.40% $500.00
365 Day Steady Saver*** 0.35% 0.35% $25.00
14 Month Flex* 1.10% 1.10% $500.00
18 Month Flex 1.10% 1.10% $500.00
24 Month Flex 1.10% 1.10% $500.00
60 Months 1.56% 1.55% $500.00
Special: 365 Days 1.21% 1.20% $500.00
Special: 365 Days No Penalty 0.75% 0.75% $2,500.00
Special: 13 Month 1.40% 1.39% $500.00
Special: 19 Month 1.55% 1.54% $500.00
Special: 36 Months-One Time Bump** 1.26% 1.25% $500.00

HOW TO OPEN

The annual percentage yield on Certificates of Deposit is based on the interest remaining on deposit until maturity. The yield is based on quarterly compounding.  For current rate information call 1-800-443-5524.

1A penalty will be imposed for early withdrawal except on No Penalty Certificates of Deposit.

*Flex rate CD products allow you to make unlimited deposits into your account. There is a $25.00 minimum deposit required for any subsequent deposits after account origination. Business accounts and public funds not eligible for this offer.

**Annual Percentage Yield, accurate as of the date listed on the rate sheet above, and is subject to change at any time at the discretion of Essex Bank. Penalty for early withdrawal. The “bump” rate option may be exercised any time during the initial 36-month duration of this certificate of deposit (CD).  Customer may exercise the option to bump their rate to the prevailing interest rate of the 36 month CD product posted at that time by Essex Bank. Customer must notify Essex Bank of their intention to exercise the bump rate option. The one-time bump rate option is only available during the original term and does not apply to subsequent renewals. Public funds and Business accounts are not eligible for this offer.

***Steady Saver CD products allow you to make unlimited deposits into your account by auto-transfer from another Essex Bank deposit account or in person at an Essex Bank branch location. There is a $5.00 minimum deposit required for any subsequent deposits after account origination. Business accounts and public funds not eligible for this offer.

 

Individual Retirement Accounts1

Effective Date: Monday, October 23, 2017

Type APY Rate Minimum Opening Balance
Variable Liquid IRA 0.25% 0.25% $500.00
182 Days 0.75% 0.75% $500.00
14 Month Flex 1.10% 1.10% $500.00
36 Months 1.36% 1.35% $500.00
60 Months 1.56% 1.55% $500.00
Special: 365 Days 1.21% 1.20% $500.00
Special: 13 Months 1.40% 1.39% $500.00
Specials - 18 Month Flex 1.15% 1.15% $500.00
Specials - 19 Month 1.55% 1.54% $500.00
Specials - 24 Month Flex 1.21% 1.20% $500.00

CONTACT US

1A penalty will be imposed for early withdrawal except on No Penalty Certificates of Deposit.

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