Rates
commercial deposit account rates
Deposit Rates as of:
Certificates Of Deposit (CDs)
Account | Opening | Minimum Balance1 | Interest | Annual
| Compounding | |||||
3 Month | $1,000 | $1,000 | 0.05% | 0.05% | Monthly | |||||
6 Month | $1,000 | $1,000 | 0.10% | 0.10% | Monthly | |||||
7 Month - New Money OnlyA,B | $1,000 | $1,000 | 4.89% | 5.00% | Monthly | |||||
12 Month | $1,000 | $1,000 | 0.15% | 0.15% | Monthly | |||||
13 Month - New Money OnlyA,C | $1,000 | $1,000 | 4.65% | 4.75% | Monthly | |||||
18 Month | $1,000 | $1,000 | 0.20% | 0.20% | Monthly | |||||
23 Month - New Money OnlyA,D | $1,000 | $1,000 | 4.27% | 4.35% | Monthly | |||||
24 Month | $1,000 | $1,000 | 0.25% | 0.25% | Monthly | |||||
36 Month | $1,000 | $1,000 | 0.30% | 0.30% | Monthly | |||||
$10,000 | $10,000 | 0.30% | 0.30% | |||||||
48 Month | $1,000 | $1,000 | 0.35% | 0.35% | Monthly | |||||
$10,000 | $10,000 | 0.35% | 0.35% | |||||||
60 Month | $1,000 | $1,000 | 0.45% | 0.45% | Monthly | |||||
$10,000 | $10,000 | 0.45% | 0.45% | |||||||
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
A - Applies To All Promotional CDS - Limited time offer that may be withdrawn at any time, cannot be combined with any other offer or rate enhancements, and is open to individuals and select business types in Illinois (see a Banker for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 5/01/23 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.
Checking
Account Type | Opening | Minimum | Interest | Annual | Compounding Frequency | |
Premier Interest Checking | $1,000 | $1,000 | 0.02% | 0.02% | Monthly |
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 | Opening | Minimum | Interest | Annual | Compounding Frequency | |
$2,500 | $2,500 to $24,999.99 | 0.05% | 0.05% | Monthly | ||
$25,000 to $99,999.99 | 0.05% | 0.05% | ||||
$100,000 to $249,999.99 | 0.05% | 0.05% | ||||
$250,000 to $999,999.99 | 0.05% | 0.05% | ||||
$1,000,000 and over | 0.05% | 0.05% | ||||
$25,000 | $25,000 and over | 3.93% | 4.00% | Monthly |