Rates
personal deposit account rates
Deposit Rates as of:
Certificates Of deposit (cds)
Account Type | Opening | Minimum Balance1 | Interest | Annual
| Compounding | |||||
$1,000 | $1,000 | 0.05% | 0.05% | Monthly | ||||||
$1,000 | $1,000 | 0.10% | 0.10% | Monthly | ||||||
7 Month- New Money OnlyA,B | $1,000 | $1,000 | 4.03% | 4.11% | Monthly | OPEN NOW | ||||
8 Month VIP- New MoneyE,F | $10,000 | $10,000 | 4.17% | 4.25% | Monthly | OPEN NOW | ||||
$1,000 | $1,000 | 0.15% | 0.15% | Monthly | ||||||
13 Month - New MoneyA,C | $1,000 | $1,000 | 4.27% | 4.35% | Monthly | OPEN NOW | ||||
13 Month IRA - New Moneyz | $1,000 | $1,000 | 4.51% | 4.60% | Monthly | |||||
14 Month VIP- New Money OnlyE,G | $10,000 | $10,000 | 4.41% | 4.50% | Monthly | OPEN NOW | ||||
$1,000 | $1,000 | 0.20% | 0.20% | Monthly | ||||||
23 Month - New MoneyA,D | $1,000 | $1,000 | 4.27% | 4.35% | Monthly | OPEN NOW | ||||
25 Month VIP- New MoneyE,H | $10,000 | $10,000 | 4.41% | 4.50% | Monthly | OPEN NOW | ||||
$1,000 | $1,000 | 0.25% | 0.25% | Monthly | ||||||
$1,000 | $1,000 | 0.30% | 0.30% | Monthly | ||||||
$10,000 | $10,000 | 0.30% | 0.30% | |||||||
$1,000 | $1,000 | 0.35% | 0.35% | Monthly | ||||||
$10,000 | $10,000 | 0.35% | 0.35% | |||||||
$1,000 | $1,000 | 0.45% | 0.45% | Monthly | ||||||
$10,000 | $10,000 | 0.45% | 0.45% |
A - Applies To All Promotional CDS - Limited time offer that may be withdrawn at any time, cannot be combined with any other offer or rate enhancements, and is open to individuals and select business types in Illinois (see a Banker for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 2/01/23 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.
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
C - VIP CDS: E - Applies To All VIP Promotional CDS - Limited time offer that may be withdrawn at any time, cannot be combined with any other offer or rate enhancements. Individuals only. Annual Percentage Yield (APY) is valid as of 02/01/23 and assumes
monthly compounding. Minimum balance to open this Certificate of Deposit (CD) and earn stated APY is $10,000. 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. ACCOUNT MUST MAINTAIN A VIP CHECKING ACCOUNT – VIP CD Holders are required to
maintain a qualifying VIP Checking account which requires $5,000 to open. See a banker for more details about our VIP Checking or visit us online at inlandbank.com.
Upon maturity:
F - The 8-month CD will automatically renew in 6-month
intervals earning the then current APY of the traditional 6-month CD;
G - The 14-month CD will automatically renew in 12-month intervals earning the then current APY of the traditional 12-month CD;
H - The 25-month CD will automatically
renew in 24-month intervals earning the then current APY of the traditional 24-month CD;
ROLLOVER OPTION: Upon maturity the VIP CDs can be rolled over into the same VIP terms as long as the owner is a current VIP Checking customer in good standing. This will not be automatic and action must be taken by the customer.
Z - Offer available beginning February 1, 2023 and is subject to change without notice. Offer can be redeemed at any Inland Bank branch location. Offer cannot be combined with any other offer or rate enhancements, and is open to individuals only. Annual Percentage Yield (APY) is valid as of 02/01/23 and assumes monthly compounding. Limit of one CD per Tax ID. Minimum balance to open this Certificate of Deposit (CD) and earn stated APY is $1,000. 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. Upon maturity, this CD will automatically renew in 12-month intervals earning the then current APY of the traditional 12-month CD.
Checking
Account Type | Opening | Minimum | Interest | Annual | Compounding Frequency | |
$1,000 | $0.01 and over | 0.02% | 0.02% | Monthly | OPEN NOW | |
$5,000 | $0.01 and over | 1.00% | 1.00% | Monthly | OPEN NOW |
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.
Savings
Account Type |
Opening |
Minimum |
Interest |
Annual |
Compounding Frequency |
|
$100 |
$0.01 |
0.05% |
0.05% |
Quarterly | OPEN NOW | |
$25 |
$0.01 |
0.15% |
0.15% |
Quarterly | CONTACT US | |
$25 |
$0.01 |
0.05% |
0.05% |
Quarterly | CONTACT US | |
$250 | $0.01 | 0.10% | 0.10% | Quarterly | 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.
3 - Young Banker Accounts are available from newborn
to age 18. Account is an UTMA account which can be opened by a parent or legal guardian as custodian.
4 - Other activity restrictions and fees may apply, see our new account disclosure and fee schedule for terms and conditions, ask a banker for details.
Money Market
Account Type | Opening | Minimum | Interest | Annual | Compounding Frequency | |
$2,500 | $2,500 to $24,999.99 | 0.05% | 0.05% | Monthly | OPEN NOW | |
$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% | ||||
$10,000 | $10,000 and over | 3.44% | 3.49% | Monthly | OPEN NOW | |
$10,000 | $10,000 and over | 3.53% | 3.59% | Monthly | OPEN NOW |