Current Rates

Rates effective as of 07/01/2021.
*APY = Annual Percentage Yield
**Interest rate is variable and may change after the account is opened.
See account disclosures for additional account information.

PLEASE NOTE:  APY assumes interest remains on deposit.  A withdrawal or fees could reduce earnings.  A penalty will be imposed for early withdrawal.  Rate changes are made at the Bank’s discretion.  Rates are subject to change without notice.

Relationship Special

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

TermMinimum Deposit to Open & Obtain APY*Interest RateAPY*Interest FrequencyEarly Withdrawal Penalty
12 Month$10,000.000.30%0.30%91 Days91 Days

Large Depositor Special

TermMinimum Deposit to Open & Obtain APY*Interest RateAPY*Interest FrequencyEarly Withdrawal Penalty
12 Month$50,000.000.30%0.30%91 Days91 Days

Kasasa Cash**

 Variable Interest RateAPY*
Balances up to $10,000.00 (when qualifications are met)1.60%1.60%
Balances over $10,000.00 (when qualifications are met)0.15%1.60% to 0.15%
All balances if qualifications are not met0.03%0.03%

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**

 Variable Interest RateAPY*
Balances up to $10,000.00 (when qualifications are met)0.30%0.30%
Balances over $10,000.00 (when qualifications are met)0.15%0.30% to 0.15%
All balances if qualifications are not met0.03%0.03%

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 APY*Interest RateAPY*Interest FrequencyEarly Withdrawal Penalty
91 Day$5,000.00 0.05%0.05%91 Days91 Days
182 Day$1,000.00 0.10%0.10%91 Days91 Days
9 Month$5,000.00
0.13%0.13%91 Days91 Days
12 Month$500.000.15%0.15%91 Days91 Days
18 Month$5,000.00 0.20%0.20%91 Days182 Days
24 Month$1,000.00 0.25%0.25%6 Months182 Days
30 Month$5,000.00 0.30%0.30%6 Months365 Days
36 Month$1,000.00 0.35%0.35%6 Months365 Days
60 Month$1,000.00 0.50%0.50%6 Months365 Days

IRA

TermMinimum Deposit to Open & Obtain APY*Interest RateAPY*Interest FrequencyEarly Withdrawal Penalty
12 Month$500.000.15%0.15%6 Months91 Days
24 Month$500.000.25%0.25%6 Months182 Days
36 Month$500.000.35%0.35%6 Months365 Days
60 Month $500.000.50%0.50%6 Months365 Days
Variable**$100.000.13%0.13%3 Months30 Days

Savings Accounts

TypeMinimum Deposit to OpenVariable Interest RateAPY*Interest FrequencyEarly Withdrawal Penalty
Regular Savings**$50.000.05%0.05%Quarterlynone
Youth Achievement Account**$0.000.25%0.25%Quarterlynone

Money Market Investment Account

TypeMinimum Deposit to OpenMinimum Deposit to Open and Obtain APY*Variable Interest RateAPY*Interest FrequencyEarly Withdrawal Penalty
Money Market**$2,500Less than $10,000.000.07%0.07%Quarterlynone
$10,000.00 - $24,999.990.10%0.10%Quarterlynone
$25,000.00 - $49,999.990.12%0.12%Quarterlynone
$50,000 and Over0.25%0.25%Quarterlynone

Interest Bearing Checking Accounts

TypeMinimum Deposit to OpenVariable Interest RateAPY*Interest FrequencyEarly Withdrawal Penalty
Interest Checking**$1,000.00 0.05%0.05%Monthlynone
Business Interest Checking**$2,500.000.03%0.03%Monthly none

Health Savings Account

TypeMinimum Deposit to OpenVariable Interest RateAPY*Interest FrequencyEarly Withdrawal Penalty
HSA Checking**$25.000.15%0.15%Monthlynone