Deposits |
Rates effective from 2/01/12 to 2/07/12
Savings Accounts |
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Account Type |
Minimum Balance |
Interest Rate |
Annual Percentage Yield |
Passbook |
$0.00 |
0.10% |
0.10% |
Statement or Companion |
$0.00 |
0.10% |
0.10% |
Before You Know It Club** |
$10.00 |
0.50% |
0.50% |
| ** 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 |
MyChoice Interest |
$0.00 |
0.05% |
0.05% |
MoneyMaker - Money Market Account* |
$0.00 - 9,999.99 $10,000 - 24,999.99 $25,000 - 49,999.99 $50,000 + |
0.10% 0.20% 0.40% 0.60% |
0.10% 0.20% 0.40% 0.60% |
*Minimum opening deposit is $2500.00.
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 |
0.20% |
0.20% |
$25,000 - 49,999.99 |
0.40% |
0.40% |
$50,000.00 + |
0.60% |
0.60% |
Certificates of Deposit |
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Account Type |
Minimum Balance |
Interest Rate |
Annual Percentage Yield |
6 Month |
$2,500.00 |
.40% |
.40% |
1 Year |
$500.00 |
.60% |
.60% |
1 1/2 Year |
$500.00 |
.79% |
.80% |
2 1/2 Year |
$500.00 |
1.08% |
1.10% |
3 Year |
$500.00 |
1.22% |
1.25% |
4 Year |
$500.00 |
1.52% |
1.55% |
5 Year |
$500.00 |
1.71% |
1.75% |
Amplifier IRA 12 Month CD |
$100.00 |
.75% |
.75% |
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.
Unless otherwise noted, the "minimum balance" stated is the minimum balance required to open the account and earn the annual percentage yield (APY). |
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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 Non MVA |
2.25% $250k minimum initial premium |
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1.25% |
First Year Interest Rate Bonus |
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Optimizer 2 MVA*** |
1.65% For $100k+, add 1.00% to the initial premium |
Up to$50k add 0.25% $50-99k add 0.50% to the initial premium |
1.65% |
First Year Premium Bonus |
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Optimizer 3 MVA*** |
2.75% $250k minimum initial premium |
Under $50k - 2.00% $50-99k - 2.25% $100-249k - 2.50% |
1.75% |
Three-Year Interest Rate Bonus |
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Optimizer 5 MVA*** Single Premium; Five-Year Rate Guarantee**** |
2.85% $250k minimum initial premium |
Under $50k - 2.10% $50-99k - 2.35% $100-249k - 2.60% |
1.85% |
Five-Year Interest Rate Bonus |
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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 12/01/2011 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.
****Interest rates are guaranteed unless funds are withdrawn or surrendered during the initial rate guarantee period, except for funds withdrawn in accordance with the Free Withdrawal provision. |
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