Rates

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commercial deposit account rates

Deposit Rates as of:

Certificates Of Deposit (CDs)

Account
Type

 

Opening
Deposit

 

Minimum Balance1
To Obtain APY

 

Interest
Rate

 

Annual
Percentage
Yield

 

Compounding
Frequency

 

3 Month

 

$1,000

 

$1,000

 

0.45%

 

0.45%

Monthly

6 Month

 

$1,000

 

$1,000

 

0.55%

 

0.55%

Monthly

7 Month - New Money OnlyA,C

 

$1,000

 

$1,000

 

1.83%

 

1.85%

Monthly

12 Month2

 

$1,000

 

$1,000

 

0.75%

 

0.75%

Monthly

13 Month - New Money OnlyA,C

 

$1,000

 

$1,000

 

1.83%

 

1.85%

Monthly

18 Month2

 

$1,000

 

$1,000

 

0.85%

 

0.85%

Monthly

19 Month - New Money OnlyA,D

 

$1,000

 

$1,000

 

1.83%

 

1.85%

Monthly

24 Month

 

$1,000

 

$1,000

 

0.95%

 

0.95%

Monthly

36 Month2

 

$1,000

 

$1,000

 

1.10%

 

1.11%

Monthly

  

$10,000

 

$10,000

 

1.15%

 

1.16%

48 Month2

 

$1,000

 

$1,000

 

1.25%

 

1.26%

Monthly

  

$10,000

 

$10,000

 

1.30%

 

1.31%

60 Month2

 

$1,000

 

$1,000

 

1.45%

 

1.46%

Monthly

  

$10,000

 

$10,000

 

1.50%

 

1.51%

CONTACT US

Substantial penalty for early withdrawal from certificates of deposit. Rates subject to change. Annual percentage yield assumes rate remains the same for one year on maturities less than one year and that interest is added to the principal on all accounts. Ask for more information about these accounts. At maturity, certificates renew for the rate and term in effect for that maturity range. Automatically renewable certificates are excluded from any special offering at the time of the renewal.
1 - Daily Balance (the amount of principal in the account each day
2 - On tiered rate products, interest is calculated and paid on the entire balance in your account
A - Applies Only to Promotional CD Terms ( 7, 13, and 19 mos) Limited time offer that may be withdrawn at any time, cannot be combined with any other offer or rate enhancements, and is open to individuals and select business types in Illinois (see a Banker for details). Annual Percentage Yield (APY) is valid as of 09/09/19 and assumes monthly compounding. Minimum balance to open this Certificate of Deposit (CD) and earn stated APY is $1,000. IRAs are eligible. New money only. New money is defined as money not on deposit with Inland Bank at or within 90 days prior to account opening. Money must remain on deposit for length of time specified to earn stated APY. Penalty for early withdrawal. Fees may reduce account earnings. No brokered deposits.  

B -  Upon maturity, this CD will automatically renew in 6-month intervals earning the then current APY of the traditional 6-month CD.   
C - Upon maturity, this CD will automatically renew in 12-month intervals earning the then current APY of the traditional 12-month CD.   
D
- Upon maturity, this CD will automatically renew in 18-month intervals earning the then current APY of the traditional 18-month CD.  REV090919 
 
REV090919

 

 

Checking

Account Type

Opening
Deposit

Minimum
Balance1

Interest
Rate2

Annual
Percentage
Yield2

Compounding
Frequency
 

Premier Interest Checking

$1,000

$1,000

0.05%

0.05%

Monthly

CONTACT US

1 - Daily Balance (the amount of principal in the account each day)
2 - Annual Percentage Yield and interest rate may change after the account is opened and fees may reduce earnings.

Money Market

Account
Type

Opening
Deposit

Minimum
Balance1
 

Interest
Rate3

Annual
Percentage
Yield3

Compounding
Frequency
 

Premier Business Money Market2

$2,500 

$2,500 to $24,999

0.20%

0.20%

Monthly
   

$25,000 to $99,999

0.25%

0.25%

   

$100,000 to $249,999

0.30%

0.30%

   

$250,000 to $999,999

0.35%

0.35%

   

$1,000,000 and over

0.40%

0.40%

Business Prime Money MarketA

$25,000

$25,000 and over

1.65%

1.66%

Monthly

CONTACT US

1 - Daily Balance (the amount of principal in the account each day)
2- On tiered rate products, interest is calculated and paid on the entire balance in your account.
3- Annual Percentage Yield and interest rate may change after the account is opened and fees may reduce earnings.
A - New money only. New money is defined as money not on deposit with Inland Bank at or within 90 days prior to account opening. $25,000 minimum deposit required to open account. $25,000 minimum daily balance required to obtain the stated Annual Percentage Yield (APY) and avoid $25 monthly service charge. (See rate tiers below) Variable rate tiered product. Interest is calculated and paid on the entire balance in your account. We may change the interest rate and annual percentage yield (APY) on the first business day of each month, excluding federal holidays. Rates are accurate as of 10/01/19 and tiers are: Tier One $0-$9,999 = 0.00% APY / Interest Rate of 0.00%; Tier Two $25,000 and up = APY of 1.66% (which also happens to be 35.00% of Wall Street Journal Prime) / Interest Rate = 1.65%. Other activity restrictions and fees may apply, see our New Account Disclosure and Fee Schedule for Terms and Conditions, ask a banker for details. Fees could reduce earnings. ACCOUNT MUST MAINTAIN A COMPANION CHECKING ACCOUNT – Business Prime Money Market Account Holders are required to maintain a qualifying companion business checking account. If there ceases to be any companion business checking account to the Business Prime Money Market, the Business Prime Money Market may be converted to the Premier Business Money Market at the current rate within 30 days of the event. REV100119
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