Savings

Savings

Anticipated Dividends
January 1 – March 31, 2017

 Min. BalanceAPY*Dividend Rate
Business Savings
$5.00
0.10%
0.10%
Business Savings Basic
$5.00
0.10%
0.10%
2nd Savings Account
$0.00
  
Up to $2,000 
0.10%
0.10%
$2,000 + 
0.15%
0.15%
  • Dividends compounded and paid quarterly. Balances earn the dividend rate within the disclosed tier where applicable.
  • Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Dividends will begin to accrue on the business day your deposits are posted to your account.

Checking Accounts

Anticipated Dividends
March 1 – March 31, 2017

 Min. BalanceAPY*Dividend Rate
Elite
$2,500
0.05%
0.05%
Commercial
$5,000 – $19,999
0.10%
0.10%
 
$20,000 – $49,999
0.15%
0.15%
 
$50,000 and over
0.20%
0.20%
  • A minimum balance of $100 is required to open a business checking.
  • Dividends are compounded and paid monthly.
  • Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day if the balance is above the required minimum stated above. Dividends will begin to accrue on the business day your deposits are posted to your account.

Money Market

Anticipated Dividends
March 1 – March 31, 2017

 Minimum BalanceAPY*Dividend Rate
 
Up to $1,999
0.10%
0.10%
 
$2,000 – $24,999
0.15%
0.15%
 
$25,000 – $49,999
0.25%
0.25%
 
$50,000 – $99,999
0.35%
0.35%
 
$100,000+
0.45%
0.45%
  • A minimum balance of $500 is required to open a money market. Balances earn the dividend rate within the disclosed tier. Dividends will be compounded and paid monthly.
  • Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Dividends will begin to accrue on the business day your deposits are posted to your account.
  • Minimum withdrawal is $500 with three (3) free withdrawals per month without incurring a fee.

Certificate Accounts

Anticipated Dividends
March 24 – March 30, 2017

TermBalanceAPY*Dividend Rate
3 Month   
 
$500 – $9,999
0.15%
0.15%
 
$10,000 – $24,999
0.25%
0.25%
 
$25,000+
0.35%
0.35%
6 Month   
 
$500 – $9,999
0.30%
0.30%
 
$10,000 – $24,999
0.40%
0.40%
 
$25,000+
0.50%
0.50%
12 – 23 Month   
 
$500 – $9,999
0.55%
0.55%
 
$10,000 – $24,999
0.65%
0.65%
 
$25,000+
0.75%
0.75%
24 – 35 Month (24 Month Step Up)  
 
$500 – $9,999
0.70%
0.70%
 
$10,000 – $24,999
0.80%
0.80%
 
$25,000+
0.90%
0.90%
36 – 47 Month   
 
$500 – $9,999
0.95%
0.95%
 
$10,000 – $24,999
1.05%
1.05%
 
$25,000+
1.15%
1.15%
48 – 59 Month   
 
$500 – $9,999
1.30%
1.29%
 
$10,000 – $24,999
1.40%
1.39%
 
$25,000+
1.50%
1.49%
60 Month   
 
$500 – $9,999
1.40%
1.39%
 
$10,000 – $24,999
1.50%
1.49%
 
$25,000+
1.60%
1.59%
  • A minimum balance of $500 is required to open a certificate and obtain the stated APY.
  • The APY is quoted for three- and six-month certificates in those categories and dividends are paid at maturity. Other certificate dividends are paid monthly to another account or compounded and credited quarterly.
  • Dividends will begin to accrue on the business day your deposit is posted to your account. Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
  • Early withdrawal penalties may apply—see Certificate Accounts handout for complete disclosures.

* APY is the Annual Percentage Yield and assumes dividends remain in the account. This document is a supplement to account disclosures. Rates are subject to change without notice. Fees or other conditions may also reduce earnings. Refer to the Business Service Fee schedule for current fee information. Contact a Hiway Business Services Representative at 651.291.1515 or 800.899.5626 for further information about applicable fees and terms.

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