Deposit Rates

Rates effective as of April 1, 2014

Savings Account Rates
Account TypeMinimum Deposit to OpenInterest RateAPYMinimum Balance
to Earn APY
Passbook $10.00 0.10% 0.10% $10.00
Statement Savings $10.00 0.10% 0.10% $10.00
Step-Saver1,2 $5,000.00       Balance Level to Earn APY
       0.19% 0.19% $0.00 to $4,999.99
       0.24% 0.24% $5,000.00 to $24,999.99
      0.34% 0.34% $25,000.00 to $49,999.99
       0.39% 0.39% $50,000.00 and above
Account is limited to one withdrawal per month.
Monthly Service Charges: $ 25.00 if daily balance falls below $5,000.00. $5.00 per withdrawal if one withdrawal per month limit is exceeded. Fees may reduce earnings.
The interest rate and Annual Percentage Yield (APY) may vary after account opening.

 

Certificate of Deposit Rates
Certificate TermMinimum DepositRateAPYMinimum Balance
to Earn APY
91 days* $1,000.00 0.25% 0.25% $1,000.00
182 days* $1,000.00 0.35% 0.35% $1,000.00
9 months* $500.00 0.36% 0.36% $500.00
12 months* $500.00 0.45% 0.45% $500.00
15 months* $500.00 0.55% 0.55% $500.00
18 months** $500.00 0.80% 0.80% $500.00
24 months** $500.00 0.90% 0.90% $500.00
30 months** $500.00 0.92% 0.92% $500.00
36 months** $500.00 0.96% 0.96% $500.00
60 months** $500.00 1.00% 1.00% $500.00
*Subject to premature withdrawal penalty of 3 months loss of interest
**Subject to premature withdrawal penalty of 6 months loss of interest

 

Checking and Money Market Rates
Account TypeMinimum DepositInterest RateAPYMinimum Balance
to Earn APY
NOW Checking1 $50.00 0.10% 0.10% $100.00
Small Business Checking1 $50.00 0.10% 0.10% $100.00
Money Market Deposit Account2,3 $2,500.00 0.10% 0.10% $2,500.00
1$5.00 monthly service fee applies if daily balance falls below $500.00
2Balances below $2,500.00 earn interest at the NOW Account rate. Balances below $100.00 do not earn interest.
3Monthly Service Charges: $4.00 if daily balance falls below $2,500.00.

The interest rate and Annual Percentage Yield (APY) may vary after account opening.

1st Bank of Sea Isle City's primary operating region is Cape May County, NJ. We reserve the right to refuse account applications from outside of the Cape May County, NJ area.

All applicants must physically come into one of our branch locations to open any account. Proper identification must be supplied at account opening.

Rates are subject to change without notice. Contact us for additional terms and disclosures.

FDIC Information