Deposit Rates: Savings and Club Accounts

Effective Tuesday, December 2nd, 2008

Savings Accounts

Account Type Minimum Deposit to Open Minimum Daily Balance to Obtain Annual Percentage Yield Interest Rate Annual Percentage Yield
Statement $1.00 $0.01 0.500 0.500
Passbook $1.00 $0.01 0.500 0.500
Municipal $1.00 $0.01 0.500 0.500

  • Rates are subject to change without notice.
  • Interest rates may change after customer opens account.

Club Accounts

Account Type Minimum Deposit to Open Minimum Daily Balance to Obtain Annual Percentage Yield Interest Rate Annual Percentage Yield
Vacation Club $5.00 $0.01 0.50 0.50
Christmas Club -Coupon $5.00 $0.01 0.25 0.25
Christmas Club -AutoCharge $5.00 $0.01 0.50 0.50

  • Rates are subject to change without notice.
  • Interest rates may change after customer opens account.
  • Penalty may be imposed for early withdrawal. 

 

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Solvay Bank
1537 Milton Ave.
Solvay, NY  13209

Tel: 315-468-1661