Personal Interest Rates

Deposit Rates

Effective date 09-23-2019
Deposit Rates
PRODUCT NAME INTEREST RATE ANNUAL PERCENTAGE YIELD (APY)
Premier Plus Checking    
   $1,000.00 and above 0.25% 0.25%
     
Personal Money Market    
   $1,000.00-$4,999.99 0.15% 0.15%
   $5,000.00-$9,999.99 0.15% 0.15%
   $10,000.00-$24,999.99 0.30% 0.30%
   $25,000.00 and above 0.35% 0.35%
   $10,000.00 and above *** 1.73% 1.75%
     
Personal Savings    
   $100.00 and above 0.40% 0.40%
     
Premier Personal Savings    
   $10,000.00-$249,999.99 0.45% 0.45%
   $250,000.00-$999,999.99 0.45% 0.45%
   $1,000,000.00 and above 0.65% 0.65%

 

Certificates of Deposit*

CD Rates
  CD IRA
Rate APY Rate APY
1 Month CD 1.24% 1.25% 1.24% 1.25%
3 Month CD 1.24% 1.25% 1.24% 1.25%
6 Month CD 1.29% 1.30% 1.29% 1.30%
9 Month CD 1.49% 1.50% 1.49% 1.50%
1 Year Liquid CD 0.45% 0.45% N/A N/A
1 Year CD 1.73% 1.75% 1.73% 1.75%
13 Month CD 1.73% 1.75% 1.73% 1.75%
15 Month CD 1.98% 2.00% 1.98% 2.00%
18 Month CD 1.58% 1.60% 1.58% 1.60%
2 Year CD 1.69% 1.70% 1.69% 1.70%
30 Month CD 1.73% 1.75% 1.73% 1.75%
3 Year CD 1.78% 1.80% 1.78% 1.80%
4 Year CD 1.88% 1.90% 1.88% 1.90%
5 Year CD 1.98% 2.00% 1.98% 2.00%

 

* Stated Interest Rates and APYs apply to CD and IRA accounts valued at less than $240,000. For all CD and IRA accounts valued at more than $240,000 Interest Rates and APYs are 0.15% lower. For more information please visit your local Alma Bank branch or call 718-267-ALMA (2562).

***Interest Rate for the Money Market Special is 1.73% and APY is 1.75%. The rate is guaranteed for 6 months. The APY is accurate as of 8/26/19. To qualify for the promotional rate: (1) A$10,000 minimum balance is required to open the account; (2) The funds deposited in the account must be new to bank funds; and (3) Customer must have a new or existing Checking Account at Alma Bank held in the same name as the Money Market Account. The Money Market Account is limited to six withdrawals made via pre-authorized or automatic transfers per month. Excessive withdrawals will result in fees; please see the “Truth in Savings” disclosure for more details. Account fees may reduce earnings. The promotion is available for businesses and consumers and may end without prior notice. Accounts by government entities and financial institutions are not eligible for this offer.

Interest rates are subject to change at any time. Early withdrawal penalties may apply. FDIC Insured.

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