Ability to Earn Interest (Interest Rates) The Cecilian Bank

Ability To Earn Interest

Earn interest on your checking, savings and CD accounts! See our Interest Rates below.

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Interest Rate Effective Date: November 20, 2020

Short Term Deposit - Certificate of Deposit (CDs)

Type of Account/Term

Minimum Opening Balance

Minimum Opening Balance to Obtain APY ¹

Compounding Frequency

Interest Rate

APY
^{1, 2}

Fixed 3 mo.

$1,000

Quarterly

0.25%

Fixed 6 mo.

$1,000

Quarterly

0.50%

Fixed 12 mo.

$1,000

Quarterly

0.65%

Fixed 15 mo.

$1,000

Quarterly

0.75%

Fixed 18 mo.

$1,000

Quarterly

0.85%

Fixed 21 mo.

$1,000

Quarterly

0.85%

Long Term Deposit - Certificate of Deposit (CDs)

Type of Account/Term

Minimum Opening Balance

Minimum Daily Balance to Obtain APY ¹

Compounding Frequency

Interest Rate

APY
^{1, 2}

Fixed 24 mo.

$1,000

Quarterly

0.90%

Fixed 27 mo.

$1,000

Quarterly

0.95%

Fixed 30 mo.

$1,000

Quarterly

0.95%

Fixed 36 mo.

$1,000

Quarterly

1.00%

Fixed 48 mo.

$1,000

Quarterly

1.10%

Fixed 60 mo.

$1,000

Quarterly

1.15%

Checking and Savings Accounts

Type of Account

Minimum Opening Balance

Minimum Daily Balance to Obtain APY ¹

Compounding Frequency

Interest Rate

APY
^{1, 3, 4}

Savings Account

$50

Quarterly

0.05%

Health Savings Account

$100

0-$2,499.99
$2,500-$9,999.99
$10,000 & Up

Monthly
Monthly
Monthly

0.05%
0.07%
0.10%

NOW Account Checking

$1,000

Monthly

0.05%

Choice Plus Checking

$100

$1,000

Monthly

0.05%

Choice Gold & Choice 50 Gold Checking

$100

Base Rate: $1,000
Tier 2: $1,000
Tier 3: $1,000
Tier 4: $1,000
Tier 5: $1,000
Tier 6: $1,000

Monthly
Monthly
Monthly
Monthly
Monthly
Monthly

0.05%
0.055%
0.06%
0.065%
0.07%
0.075%

Easy Money Investment Checking

$10,000

Monthly

0.10%

Business Partner Money Market

$10,000

Monthly

0.10%

Regular Money Market Fund

$2,500

Under $500
$500-$2,499.99
$2,500-$9,999.99
$10,000 & Up

N/A
Monthly
Monthly
Monthly

N/A
0.05%
0.05%
0.05%

Individual Retirement Accounts (IRAs)

Type of Account/Term

Minimum Opening Balance

Minimum Daily Balance to Obtain APY 1

Compounding Frequency

Interest Rate

APY
^{1, 2}

Fixed 3 mo.

$100

Quarterly

0.05%

Fixed 12 mo.

$100

Quarterly

0.75%

Fixed 18 mo.

$100

Quarterly

0.95%

Fixed 24 mo.

$100

Quarterly

1.00%

Fixed 30 mo.

$100

Quarterly

1.05%

Fixed 36 mo.

$100

Quarterly

1.10%

Fixed 48 mo.

$100

Quarterly

1.19%

1.20%

Fixed 60 mo.

$100

Quarterly

1.24%

1.25%

Business Partner Investment Checking, Community Partner Investment Checking, TGIF Money Market

Type of Account

Minimum Opening Balance

Minimum Balance to Obtain APY ¹

Interest Rate

APY
^{1, 3, 4}

Business Partner Investment Checking

$100

$0.01-$999.99
$1,000-$2,499.99
$2,500-$9,999.99
$10,000-$24,999.99
$25,000-$49,999.99
$50,000-$99,999.99
$100,000 & Up

N/A
0.05%
0.05%
0.05%
0.05%
0.06%
0.07%

Community Partner Investment Checking

$100

$0.01-$999.99
$1,000-$2,499.99
$2,500-$9,999.99
$10,000-$24,999.99
$25,000-$49,999.99
$50,000-$99,999.99
$100,000 & Up

N/A
0.05%
0.05%
0.05%
0.05%
0.06%
0.07%

TGIF Money Market

$2,500

$0.01-$999.99
$1,000-$2,499.99
$2,500-$9,999.99
$10,000-$24,999.99
$25,000-$49,999.99
$50,000-$99,999.99
$100,000 & Up

N/A
0.05%
0.05%
0.05%
0.05%
0.06%
0.07%

MAX⁵ Index

Balance Levels ⁶

Percentage

Index

Interest
Rate

APY
^{1, 3, 7}

$10,000 or less

30% of average Fed Fund Rate

0.0345%

0.01%

In excess of $10,000

60% of average Fed Fund Rate

0.0345%

0.02%

In excess of $25,000

120% of average Fed Fund Rate

0.0345%

0.04%

In excess of $100,000

150% of average Fed Fund Rate

0.0345%

0.05%

In excess of $250,000

270% of average Fed Fund Rate

0.0345%

0.09%

In excess of $1,000,000

435% of average Fed Fund Rate

0.0345%

0.15%

Annual Percentage Yield.
A penalty may be imposed for early withdrawal.
Variable Interest Rate Accounts: The annual percentage yield may change after the account is opened. Fees and/or other conditions could reduce earnings. Rates are subject to change daily.
Rates from online sources, other than The Cecilian Bank website, will not be recognized.
Not FDIC insured.
There is investment risk, including the possible loss of value.
The rate of interest is based on the monthly range of the Fed Funds rate paid by Bankers Bank of Kentucky.