Deposit Interest Rates

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Updated monthly or if rates change. Rates are subject to change at any time.

Rates effective as of 10/1/19

 

  • HSA, Statement Savings, NOW, Money Market Accounts and the 18-month variable IRA all earn interest at a variable rate. The interest rate and annual percentage yield may change at any time at our discretion.

  • A penalty may be imposed for early withdrawal on CDs and IRAs.

  • Annual Percentage Yields are current as of posting.

  • CDs are also available as IRAs, with the exception of the 182-Day CD

  • Fees could reduce the earnings on the account.

  • Stated minimum opening deposit is required to obtain APY.
  • * This rate applies to funds deposited to Franklin Savings Bank from another institution.

 

Deposit Rates:

Account type
Minimum
Opening
Deposit
Interest
Rate
Annual
Percentage
Yield
Certificates of Deposit or IRAs  
182-Day
$500
1.34%
1.35%
7-month - Expand Your Savings!
$15,000*
1.74%
1.75%
1-Year
$500
1.19%
1.20%
18-Month
$500
1.14%
1.15%
18-Month Variable IRA
$100
0.15%
0.15%
2-Year
$500
0.65%
0.65%
3-Year
$500
0.55%
0.55%
5-Year
$500
0.50%
0.50%
Money Market Accounts
$1,000
Balance from $.01-$24,999.99
0.10%
0.10%
Balance from $25,000.00-$99,999.99
0.20%
0.20%
Balance from $100,000.00-$249,999.99
0.40%
0.40%
Balance from $250,000.00-$499,999.99
0.75%
0.75%
Balance from $500,000.00-$999,999.99
0.95%
0.95%
Balance $1,000,000 and higher
1.54%
1.55%
Health Savings Accounts
   
HSA checking
$50
0.10%
0.10%
NOW Accounts
$0.01-499.99
$50
0.03%
0.03%
$500 and higher
$50
0.03%
0.03%
Statement Savings
$5
0.15%
0.15%
One Certificate of Deposit
$100
1.19%
1.20%
Club Accounts
Christmas Club
$1
0.15%
0.15%
Statement Savings
$50
Balance from $.01-$49.99
0.05%
0.05%
Balance from $50.00-$999.99
0.05%
0.05%
Balance from $1,000.00-$49,999.99
0.10%
0.10%
Balance $50,000 and higher
0.10%
0.10%