FDIC-Insured – Backed by the full faith and credit of the U.S. GovernmentSavings Accounts
| Type of Account | Minimum Opening Balance | Interest Rate | Annual Percentage Yield (APY)* | Average Daily Balance to Obtain APY** |
|---|---|---|---|---|
| High Yield Savings Account*** | $5,000.00^ | 2.96% | 3.00% | $5,000.00 |
*Rate may change after account opening. Fees could reduce earnings.
**We use the average daily balance method to calculate interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The average daily balance that we use when calculating interest is the collected balance. That means we only include those funds for which we have actually received payment when we determine the average daily balance.
***For consumer accounts only.
^Must be new money
Savings Accounts
| Type of Account | Minimum Opening Balance | Interest Rate | Annual Percentage Yield (APY)* | Daily Minimum Balance to Obtain APY** |
|---|---|---|---|---|
| Avidia Free Savings + Adventure Savings | $10 | 0.10% | 0.10% | $0.01 |
| Health Savings Account*** | $10 | 0.03% 0.05% 0.07% | 0.03% 0.05% 0.07% | $0.01 - $2,499.99 $2,500 - $19,999.99 $20,000+ |
| Statement Holiday Clubs | $10 | 0.15% | 0.15% | $10 |
*Rate may change after account opening. Fees could reduce earnings.
**The daily minimum balance is the amount of principal in the account each day.
*** Interest is paid on the amount of money on deposit in each tier, creating a blended interest rate for the entire balance.
Money Market Accounts
| Type of Account | Minimum Opening Balance | Interest Rate | Annual Percentage Yield (APY) | Daily Minimum Balance to obtain APY* |
|---|---|---|---|---|
| Avidia Premier Money Market*** | $1,000 | 0.20% 0.40% 0.50% 0.75% 0.95% | 0.20% 0.40% 0.50% 0.75% 0.95% | $0.01 - $9,999.99 $10,000 - $24,999.99 $25,000 - $49,999.99 $50,000-$999,999.99 $1,000,000+ |
| Avidia Premier Plus Money Market**** | $1,000 | 0.50% 0.70% 0.75% 0.95% 1.30% | 0.50% 0.70% 0.75% 0.95% 1.31% | $0.01 - $4,999.99 $5,000 - $24,999,99 $25,000 - $49,999.99 $50,000-$999,999.99 $1,000,000+ |
*The daily minimum balance is the amount of principal in the account each day.
***A maintenance fee of $8.00 will be imposed every statement cycle if the average balance in the account falls below $2,500 during the statement cycle. Fees may reduce earnings.
****A maintenance fee of $25.00 will be imposed every statement cycle if the average balance in the account falls below $25,000 during the statement cycle. Fees may reduce earnings.
IRA Certificates of Deposit^
| CD Term | Minimum Opening Balance | Interest Rate | Annual Percentage Yield (APY) | Daily Minimum Balance to Obtain APY* |
|---|---|---|---|---|
| 12 Months | $500 | 3.25% | 3.30% | $500 |
| 18 Months | $500 | 3.25% | 3.30% | $500 |
| 24 Months | $500 | 3.25% | 3.30% | $500 |
| 30 Months | $500 | 3.00% | 3.05% | $500 |
| 36 Months | $500 | 3.00% | 3.05% | $500 |
| 48 Months | $500 | 3.00% | 3.05% | $500 |
| 60 Months | $500 | 3.00% | 3.05% | $500 |
^A penalty may be imposed if there is an early withdrawal.
*The daily minimum balance is the amount of principal in the account each day.
IRA Money Market
| Minimum Opening Balance | Balance | Interest Rate | Annual Percentage Yield | Minimum Balance to Obtain APY* |
|---|---|---|---|---|
| $50 | $0.01 - $49,999 | 0.50% | 0.50% | $50 |
| $50 | $50,000+ | 0.75% | 0.75% | $50 |
Certificates of Deposit^
| CD Term | Minimum Opening Balance | Interest Rate | Annual Percentage Yield (APY) | Daily Minimum Balance to Obtain APY* |
|---|---|---|---|---|
| 3 Months | $1,000 | 3.50% | 3.50% | $1,000 |
| 6 Months | $1,000 | 3.50% | 3.50% | $1,000 |
| 9 Month | $1,000 | 3.25% | 3.25% | $1,000 |
| 12 Months | $1,000 | 3.25% | 3.30% | $1,000 |
| 18 Months | $1,000 | 3.25% | 3.30% | $1,000 |
| 24 Months | $1,000 | 3.25% | 3.30% | $1,000 |
| 30 Months | $1,000 | 3.00% | 3.05% | $1,000 |
| 36 Months | $1,000 | 3.00% | 3.05% | $1,000 |
| 48 Months | $1,000 | 3.00% | 3.05% | $1,000 |
| 60 Months | $1,000 | 3.00% | 3.05% | $1,000 |
^A penalty may be imposed if there is an early withdrawal.
*The daily minimum balance is the amount of principal in the account each day.
Checking Accounts
| Type of Accounts | Minimum Opening Balance | Interest Rate | Annual Percentage Yield (APY) | Minimum Balance to Obtain APY |
|---|---|---|---|---|
| Avidia Premier Plus Checking | $500.00 | 0.10% | 0.10% | $25,000* |
| First Checking | $10.00 | 0.03% | 0.03% | $0.01 |
| Senior Checking | $10.00 | 0.03% | 0.03% | $0.01 |
*$25,000.00 minimum balance can be combined balances in Checking, Savings and Money Market Accounts in the name of the primary Account Owner. (Excludes HSA’s, IRA and CD accounts). You must maintain a minimum daily balance of $25,000.00 in the account each day to obtain the disclosed annual percentage yield. You will earn interest for every day during the period that your account equals or exceeds the minimum daily balance requirement. Fees could reduce earnings. Deposit rates are effective 02/23/2024 and are subject to change without notice.