Deposit Rates
Hocking Valley Bank offers competitive rates on a variety of solutions to meet your saving needs.
Annual Percentage Yields (APY) are effective for accounts opened as of Friday, July 1, 2022.
Interest Bearing Checking Accounts
| Account Type | Minimum Opening Balance | Minimum Balance to Obtain APY | Interest Rate | APY | Interest Compounding & Crediting Frequency |
|---|---|---|---|---|---|
| Alliance Account Tier 1* |
$0.00 | $1,200.00 to $2,499.99 | 0.05% | 0.05% | Monthly |
|
Alliance
Account Tier 2*
|
$0.00 | $2,500.00 to $19,999.99 |
0.05% | 0.05% | Monthly |
| Alliance Account Tier 3* |
$0.00 | $20,000.00 to 249,999.99 |
0.05% | 0.05% | Monthly |
| Alliance Account Tier 4* |
$0.00 | Greater than $250,000.00 |
0.05% | 0.05% | Monthly |
Fees charged against the account may reduce customer earnings. Please ask us for our brochure, "Your Deposit Account," for additional details concerning these types of accounts. *The rate may change after the account is opened.
Savings Accounts
| Account Type | Minimum Opening Balance | Minimum Balance to Obtain APY | Interest Rate | APY | Interest Compounding & Crediting Frequency |
|---|---|---|---|---|---|
| Passbook Savings* | $100.00 | $0.01 | 0.05% | 0.05% | Quarterly |
| Statement Savings* | $100.00 | $0.01 | 0.05% | 0.05% | Monthly |
| Super Saver Tier 1* |
$20,000.00 | $0.00 - $19,999.99 | 0.00% | 0.00% | Monthly |
| Super Saver Tier 2* |
$20,000.00 | $20,000 - $99,999.99 | 0.05% | 0.05% | Monthly |
| Super Saver Tier 3* |
$20,000.00 | $100,000 - $999,999.99 | 0.05% | 0.05% | Monthly |
| Super Saver Tier 4* |
$20,000.00 | $1,000,000 - $1,999,999.99 | 0.05% | 0.05% | Monthly |
| Super Saver Tier 5* |
$20,000.00 | Greater than $2,000,000 | 0.05% | 0.05% | Monthly |
| IRA - Variable* | $0.01 | $0.01 | 2.33% | 2.36% | Monthly |
| IRA - Fixed 18 Months** | $0.01 | $0.01 | 0.15% | 0.15% | Monthly |
| IRA - Fixed 36 Months** | $0.01 | $0.01 | 0.25% | 0.25% | Monthly |
| IRA - Fixed 60 Months** | $0.01 | $0.01 | 0.45% | 0.45% | Monthly |
*Fees charged against the account may reduce customer earnings. The rate may change after the account is opened. **A penalty may, or will be imposed, for early withdrawal. Quarterly, semi-annual, and annual compounding is available upon request and require mandatory interest payouts. APYs stated above reflect interest compounded and credited monthly, with interest remaining in the account until maturity. Please ask us for our brochure, "Your Deposit Account," for additional details concerning these types of accounts.
Certificates of Deposit
| Account Type | Minimum Opening Balance | Minimum Balance to Obtain APY | Interest Rate | APY | Interest Compounding & Crediting Frequency |
|---|---|---|---|---|---|
| 91 Days | $2,500.00 | $2,500.00 | 0.05% | 0.05% | Monthly |
| 182 Days | $2,500.00 | $2,500.00 | 0.10% | 0.10% | Monthly |
| 12 Months | $1,000.00 | $1,000.00 | 0.15% | 0.15% | Monthly |
| 18 Months | $1,000.00 | $1,000.00 | 0.15% | 0.15% | Monthly |
| 24 Months | $1,000.00 | $1,000.00 | 0.20% | 0.20% | Monthly |
| 30 Months | $1,000.00 | $1,000.00 | 0.20% | 0.20% | Monthly |
| 36 Months | $1,000.00 | $1,000.00 | 0.25% | 0.25% | Monthly |
| 36 Month "Step-Up" (Rate may be stepped up to a higher rate once during the CD's term) | $1,000.00 | $1,000.00 | 0.20% | 0.20% | Monthly |
| 42 Months | $5,000.00 | $5,000.00 | 0.25% | 0.25% | Monthly |
| 48 Months | $5,000.00 | $5,000.00 | 0.35% | 0.35% | Monthly |
| 60 Months | $5,000.00 | $5,000.00 | 0.45% | 0.45% | Monthly |
Fees charged against the account may reduce customer earnings. A penalty may, or will be imposed, for early withdrawal. Quarterly,semi-annual, and annual compounding is available upon request and require mandatory interest payouts. APYs stated above reflect interest compounded and credited monthly, with interest remaining in the account until maturity. For quarterly, semi-annual, or annual compounding and crediting please contact Hocking Valley Bank at (740) 592-4441.
