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Deposit Rates

Effective as of 11/15/2023

 

Certificates of Deposit

Certificate of Deposit rates
TermInterest RateAnnual Percentage Yield (APY)
Term
91 Days
Interest Rate
0.05%
Annual Percentage Yield (APY)
0.05%
Term
6 Month
Interest Rate

0.05%

Annual Percentage Yield (APY)

0.05%

Term

9 Month

Interest Rate
0.10%
Annual Percentage Yield (APY)
0.10%
Term
10 Month*
Interest Rate
4.55%
Annual Percentage Yield (APY)
4.72%
Term
1 Year
Interest Rate
0.15%
Annual Percentage Yield (APY)
0.15%
Term
15 Month
Interest Rate
0.20%
Annual Percentage Yield (APY)
0.20%
Term
18 Month
Interest Rate

0.20%

Annual Percentage Yield (APY)

0.20%

Term
19 Month
Interest Rate

0.30%

Annual Percentage Yield (APY)

0.30%

Term
2 Years
Interest Rate

0.30%

Annual Percentage Yield (APY)

0.30%

Term
3 Years
Interest Rate
0.40%
Annual Percentage Yield (APY)
0.40%
Term
4 Years
Interest Rate
0.50%
Annual Percentage Yield (APY)
0.50%
Term
5 Years
Interest Rate
0.75%
Annual Percentage Yield (APY)
0.75%

Minimum Initial Deposit of $1,000.00

Minimum balance required to earn interest
A penalty may be imposed for early withdrawal
Interest calculated on a continuous basis and paid monthly or quarterly. Interest rates are variable rates. At our discretion, all rates are subject to change.

* Denotes a special


 

 

Effective as of 11/15/2023

 

Individual Retirement Accounts (IRA)

Individual Retirement Accounts (IRA) deposit rates
Account TypeInterest RateAnnual Percentage Yield (APY)
Account Type
18 Month
Interest Rate
0.20%
Annual Percentage Yield (APY)
0.20%

No Minimum Initial Deposit
All Certificate of Deposit terms and rates are available for IRAs
Minimum balance required to earn interest
A penalty may be imposed for early withdrawal
Interest calculated on a continuous basis and paid monthly or quarterly. All rates are subject to change.
* Denotes a special

 

Effective as of 11/15/2023

 

Savings Accounts

Our savings account interest rates
Account TypeInterest RateAnnual Percentage Yield (APY)
Statement Savings0.03%0.03%
Triple Rate Savings*
$500,000.00+4.88%5.07%
$50,000.00-$499,999.990.10%0.10%
$2,500.00-$49,999.990.05%0.05%
$0.00-$2,499.990.00%0.00%
Christmas Club**0.01%0.01%

Minimum Initial Deposit of $50.00
Limit of 6 transactions per month
Minimum balance required to earn interest
Interest calculated on a continuous basis and paid monthly or quarterly. Interest rates are variable rates. At our discretion, all rates are subject to change. 
* Must have a Miami Savings Bank checking account. Individual or joint accounts only.
** Christmas Club accounts credit interest in October when checks are processed. If account is closed earlier, accrued interest will be forfeited.


 

 

Effective as of 11/15/2023

 

Checking Accounts

Checking Account rates
TypeInterest RateAnnual Percentage Yield (APY)
Type
Hometown Checking*
Interest Rate
0.00%
Annual Percentage Yield (APY)
0.00%
Type
Savers Checking**
Interest Rate
0.01%
Annual Percentage Yield (APY)
0.01%
Type
Business Checking (unincorporated)***
Interest Rate
0.01%
Annual Percentage Yield (APY)
0.01%
Type
Business Checking (incorporated)***
Interest Rate
0.00%
Annual Percentage Yield (APY)
0.00%

Minimum Initial Deposit of $50.00
Minimum balance required to earn interest

Interest calculated on a continuous basis and paid monthly. All rates are subject to change.

* No minimum balance requirement/no monthly charge

**Average daily balance greater than $250.00 = no monthly charge/Average daily balance $250.00 or less = $6.00 Monthly Service Charge + $0.10 per check

***Average daily balance greater than $1,000.00 = no monthly charge/Average daily balance $1,000.00 or less = $6.00 Monthly Service Charge + $0.20 per check


 

 

Availability of Deposits (Reg. C.C.) - Funds from deposits may not be available for immediate withdrawal. Please refer to this institution's rules governing funds availability for details.
Miami Savings Bank reserves the right to require at least seven days’ notice before any withdrawal or transfer of funds on all interest-bearing accounts. See detailed disclosure for more information.
Unclaimed Fund Law - In the event the account remains inactive for a period of 5 years, the funds will be turned over to the State of Ohio, as provided in Chapter 169 of the Ohio Revised Code.

 
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