IRA Certificates of Deposit Rates

APY = Annual Percentage Yield. Fees may reduce earnings.

Rates effective as of February 12, 2016.

IRA Certificates of Deposit

TermInterest RateAPYMinimum Balance to Obtain APY
182 Days 0.250% 0.250% $500.00
12 Months 0.500% 0.500% $500.00
18 Months 0.550% 0.550% $500.00
24 Months 0.600% 0.600% $500.00
30 Months 0.750% 0.750% $500.00
36 Months 1.490% 1.500% $500.00
48 Months 1.590% 1.600% $500.00
60 Months 1.740% 1.750% $500.00
CD Promotion
*37 Months
1.98% 2.00% $500.00

*APY of 2.00% requires account holder to have a related Direct Rewards or High Interest Checking with cumulative monthly direct deposit of $500. Established Direct Deposit means Solvay Bank must receive funds electronically, from third party. Offer for personal accounts only.  Must be opened with new money not currently on deposit with Solvay Bank and is limited to one account per tax ID number per year. 

Rates are subject to change without notice

Minimum deposit to open is $500

Penalty may be imposed for early withdrawal

The minimum balance that must be maintained in order to receive the stated APY is $500.00