Interest Rates

Current Interest Rates as of 2/15/2021

Certificate of Deposit (CD)

Minimum Balance Required to Open and Obtain Annual Percentage Yield: $1,000. 

Term

Interest Paid
Interest Rate
Annual Percentage Yield

1 Month

At Maturity
0.10
0.10

3 Month

At Maturity
0.20
0.20

6 Month

Monthly
0.30
0.30

12 Month

Monthly
0.45
0.45

24 Month

Monthly
0.60
0.60

36 Month

Monthly
0.80
0.80

48 Month

Monthly
0.90
0.90

Individual Retirement Accounts (IRAs)

Minimum Balance Required to Open and Obtain Annual Percentage Yield: $500.00

REGULAR IRA

Interest Paid
Interest Rate
Annual Percentage Yield

Variable Rate 
(24 Month)

Semi-Annually
0.45
0.45

ROTH IRA

Interest Paid
Interest Rate
Annual Percentage Yield

Variable Rate 
(24 Month)

Semi-Annually
0.45
0.45

Deposit Accounts

Interest Rate
Annual Percentage Yield

Money Market*

Up to $9,999.99

0.05
0.05

10,000-24,999.99

0.10
0.10

25,000-49,999.99

0.15
0.15

50,000-99,999.99

0.18
0.18

$100,000.00

0.20
0.20
Interest Rate
Annual Percentage Yield

Interest Checking*

Up to $9,999.99

0.05
0.05

10,000-24,999.99

0.05
0.05

25,000-49,999.99

0.10
0.10

50,000-99,999.99

0.12
0.12

$100,000.00

0.15
0.15

Interest Paid

Interest Rate
Annual Percentage Yield

Regular Checking*

Semi-Annually

0.15
0.15

Youth Savings**

Annually

0.15
0.15

* Minimum Balance Required to Open and Obtain APY: $100.00

** Minimum Balance Required to Open and Obtain APY: $10.00

Interest from any size COD may be credited to a Kendall Bank Checking, Savings, or Money Market Account or compounded monthly. CODs must be $20,000.00 or greater to get monthly interest by check. Early withdrawal penalty: 12 months or less = 3 month penalty; greater than 12 months = 6 month penalty. Early withdrawals of $1,000.00 or more may be made until 10 days before maturity date. The account balance must be $1,000.00 or more after early withdrawal occurs in order to continue certificate to maturity. If the remaining balance is less than $1,000.00, the entire COD will be withdrawn and subject to the early withdrawal penalty. For variable rate accounts, the rate may change after the account is opened.  Account fees could reduce the earnings on an account.

For current information, call 913.839.3700.