Current Rates

APY = Annual Percentage Yield
Rates effective as of 6/1/2020.
Rates may change after accounts are opened. Fees may reduce earnings.

Relationship Special

Available to customers with an active checking account with Flanagan State Bank

TermMinimum Deposit to Open & Obtain APYInterest RateAPYInterest FrequencyEarly Withdrawal Penalty
12 Month$10,000.000.75%0.75%91 Days91 Days

Large Depositor Special

TermMinimum Deposit to Open & Obtain APYInterest RateAPYInterest FrequencyEarly Withdrawal Penalty
12 Month$50,000.000.75%0.75%91 Days91 Days

Kasasa Cash

 Interest RateAPY
Balances up to $10,000.00 (when qualifications are met)2.25%2.25%
Balances over $10,000.00 (when qualifications are met)0.25%2.25% to 0.25%
All balances if qualifications are not met0.05%0.05%

To earn your rewards, simply do the following activities and transactions in your Kasasa Cash account each monthly qualification cycle:

  • Have at least 12 debit card purchases post and settle
  • Be enrolled and receive e-statement notice
  • Be enrolled and log into online banking

Kasasa Saver

 Interest RateAPY
Balances up to $10,000.00 (when qualifications are met)0.50%0.50%
Balances over $10,000.00 (when qualifications are met)0.25%0.50% to 0.25%
All balances if qualifications are not met0.05%0.05%

To earn your rewards, simply do the following activities and transactions in your Kasasa Cash or Kasasa Cash Back account each monthly qualification cycle:

  • Have at least 12 debit card purchases post and settle
  • Be enrolled and receive e-statement notice
  • Be enrolled and log into online banking

Standard Certificates of Deposit

TermMinimum Deposit to Open & Obtain APYInterest RateAPYInterest FrequencyEarly Withdrawal Penalty
91 Day$5,000.00 0.17%0.17%91 Days91 Days
182 Day$1,000.00 0.25%0.25%91 Days91 Days
9 Month$5,000.00
0.29%0.29%91 Days91 Days
12 Month$500.000.34%0.34%91 Days91 Days
18 Month$5,000.00 0.45%0.45%91 Days182 Days
24 Month$1,000.00 0.54%0.54%6 Months182 Days
30 Month$5,000.00 0.64%0.64%6 Months365 Days
36 Month$1,000.00 0.71%0.71%6 Months365 Days
60 Month$1,000.00 1.00%1.00%6 Months365 Days

A penalty will be imposed for early withdrawal. *Interest rate is variable and may change after the account is opened.

IRA

TermMinimum Deposit to Open & Obtain APY*Interest RateAPYInterest FrequencyEarly Withdrawal Penalty
1 Year$500.000.34%0.34%6 Months91 Days
2 Year$500.000.54%0.54%6 Months182 Days
3 Year$500.000.71%0.71%6 Months365 Days
5 Year$500.001.00%1.00%6 Months365 Days
Variable$100.000.29%0.29%3 Months30 Days

Savings Accounts

TypeMinimum Deposit to OpenVariable Interest RateAPYInterest FrequencyEarly Withdrawal Penalty
Regular Savings$50.000.07%0.07%3 Monthsnone
Youth Achievement Account$0.000.25%0.25%3 Monthsnone

Money Market Investment Account

TypeMinimum Deposit to Open and Obtain APY*Variable Interest RateAPYInterest FrequencyEarly Withdrawal Penalty
Money Market$2,500.00 - $9,999.990.10%0.10%3 Monthsnone
$10,000.00 - $24,999.990.20%0.20%3 Monthsnone
$25,000.00 - $49,999.990.30%0.30%3 Monthsnone
Over $50,000.000.50%0.50%3 Monthsnone

Interest Bearing Checking Accounts

TypeMinimum Deposit to OpenVariable Interest RateAPYInterest FrequencyEarly Withdrawal Penalty
Interest Checking$1,000.00 0.10%0.10%Monthlynone
Business Interest Checking $2,500.000.05%0.05%Monthly none

Health Savings Account

TypeMinimum Deposit to OpenVariable Interest RateAPYInterest FrequencyEarly Withdrawal Penalty
HSA Checking$25.000.30%0.30%Monthlynone

 

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