Deposits |
Rates effective from 3/10/2010 to 3/16/2010
Savings Accounts |
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Account Type |
Minimum Balance |
Interest Rate |
Annual Percentage Yield |
Passbook |
$0.00 |
0.20% |
0.20% |
Statement or Companion |
$0.00 |
0.20% |
0.20% |
Before You Know It Club** |
$10.00 |
1.30% |
1.30% |
| ** Maximum deposits allowed in the Before You Know It account during the 40 week period is $15,000.00. | |||
Checking Accounts |
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Account Type |
Minimum Balance |
Interest Rate |
Annual Percentage Yield |
FamilyWorks |
$2,500.00 |
0.10% |
0.10% |
MoneyMaker - Money Market Account |
$2,500.00 - 9,999.99 $10,000 - 24,999.99 $25,000 - 49,999.99 $50,000 + |
0.10% 0.25% 0.50% 0.75% |
0.10% 0.25% 0.50% 0.75% |
Business Companion Statement Savings |
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Minimum Balance |
Interest Rate |
Annual Percentage Yield |
$0.00 - 9,999.99 |
0.10% |
0.10% |
$10,000 - 24,999.99 |
0.25% |
0.25% |
$25,000 - 49,999.99 |
0.50% |
0.50% |
$50,000.00 + |
0.75% |
0.75% |
Certificates of Deposit |
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Account Type |
Minimum Balance |
Interest Rate |
Annual Percentage Yield |
6 Month |
$2,500.00 |
1.10% |
1.10% |
1 Year |
$500.00 |
1.25% |
1.25% |
1 1/2 Year |
$500.00 |
1.47% |
1.50% |
2 1/2 Year |
$500.00 |
1.81% |
1.85% |
3 Year |
$500.00 |
1.95% |
2.00% |
4 Year |
$500.00 |
2.05% |
2.10% |
5 Year |
$500.00 |
2.15% |
2.20% |
I.R.A.s: All certificates of deposit or the statement savings account are available for Individual Retirement Account deposits.
Fees could reduce the earnings on the above accounts. Rates on certificates of deposit are guaranteed for the length of the term, all other rates are variable and subject to change after the account is opened. Early withdrawal penalties may be imposed on all certificates.
All APYs are accurate through the dates shown. We are sorry but we can only accept deposits from within our designated banking area. |
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* SBLI Optimizer Annuities |
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Product Description |
Maximum Bonus Tiers** |
Additional Bonus Tiers |
Base Rate |
Bonus Type*** |
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Optimizer 1 Single Premium; One-Year Rate Guarantee |
3.25% $250k minimum initial premium |
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2.25% |
First Year Interest Rate Bonus |
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Optimizer 2 Single Premium; Two-Year Rate Guarantee |
3.35% For $100k+, add 1.00% to the initial premium |
$50-99k add .50% to initial premium |
3.35% |
First Year Premium Bonus |
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Optimizer 3 Single Premium; Three-Year Rate Guarantee |
3.50% $250k minimum initial premium |
Under $50k - 2.75% $50-99k - 3.00% $100-249k - 3.25% |
2.50% |
Three-Year Interest Rate Bonus |
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Optimizer 5 Single Premium; Five-Year Rate Guarantee |
4.10% $250k minimum initial premium |
Under $50k - 3.35% $50-99k - 3.60% $100-249k - 3.85% |
3.10% |
Five-Year Interest Rate Bonus |
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Optimizer Flex Flexible Premium; One-Year Rate Guarantee |
NA |
NA |
2.45% |
NA |
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* This is not a deposit, is not FDIC or DIF insured, is not insured by any Federal Agency and is not guaranteed by the Bank. The product is subject to investment risks, including possible loss of principal. The safety of your principal and interest, which is unconditionally guaranteed by SBLI, is solely dependent upon the company's financial condition.
** Rates effective 1/15/2010 and are subject to change. Interest rate bonuses apply in the first year only for the Optimizer 1 and for the entire initial rate guarantee period for the Optimizer 3 and Optimizer 5. Premium bonuses apply in the first year only for the Optimizer 2. |
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