Deposit Rates
Certificate of Deposit:
Interest Rate Annual Percentage Yield (APY) Minimum Deposit
3 Months .10% .10% $1,000
6 Months .20% .20% $1,000
12 Months .30% .30% $1,000
15 Months STEP-UP .40% .40% $1,000
18 Months .35% .35% $1,000
24 Months .55% .55% $1,000
30 Months .50% .50% $1,000
36 Months .50% .50% $1,000
48 Months .50% .50% $1,000
60 Months .50% .50% $1,000
**Penalty may be imposed for early withdrawal.
Savings Accounts: .10% .10%
IRA Accounts: .40% .40%
**Rates may change after the account is opened. Fees may reduce earnings.
Money Market Account:
*Must have minimum $5,000.00 to open Money Market Account.
If Avg. Collected Balance Interest Rate Annual Percentage Yield (APY)
.00 to $2,499.99 No Interest No Interest
$2,500.00 to $9,999.99 .10% .10%
$10,000.00 to $24,999.99 .10% .10%
$25,000.00 to $49,999.99 .10% .10%
$50,000.00 to $99,999.99 .10% .10%
$100,000.00 to $249,999.99 .15% .15%
$250,000.00 and up .15% .15%
**Rates may change after the account is opened. Fees may reduce earnings.
NOW Checking Account:
If Avg. Collected Balance Interest Rate Annual Percentage Yield (APY)
.00 to $999.99 No Interest No Interest
$1,000.00 to $4,999.99 No Interest No Interest
$5,000.00 to $9,999.99 No Interest No Interest
$10,000.00 to $14,999.99 No Interest No Interest
$15,000.00 to $24,999.99 .10% .10%
$25,000.00 and up .10% .10%
**Rates may change after the account is opened. Fees may reduce earnings.
Rates are current as of 1/12/2021. You may call South Central State Bank to obtain current rates.