Prime Money Market
enjoy 1.66% APY on balances of $10,000 and above
With Inland Bank's Prime Money MarketA you can enjoy both flexibility and a solid rate of return.
MINIMUM OPENING DEPOSIT
ANNUAL PERCENTAGE YIELD
- 1.66% on balances of $10,000 or more.
MINIMUM DAILY BALANCE
- $10,000 minimum daily balance required to obtain the stated Annual Percentage Yield (APY) and avoid $25 service charge
- Yield equivalent to, but not linked to, 35% of the Wall Street Journal Prime Rate.
- This account is a relationship reward for customers with a companion checking account at Inland Bank
For more information call 1‐833‐235‐7879.
A - Available to non-business accounts. New money only. New money is defined as money not on deposit with Inland Bank at or within 90 days prior to account opening. $10,000 minimum deposit required to open account. $10,000 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 01/01/20 and tiers are: Tier One $0-$9,999 = 0.00% APY / Interest Rate of 0.00%; Tier Two $10,000 and up = APY of 1.43% (which also happens to be 30.00% of Wall Street Journal Prime) / Interest Rate = 1.42%. 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 – Prime Money Market Account Holders are required to maintain a qualifying companion checking account(s) with a $1,000 minimum daily balance. If the minimum daily balance in the qualifying companion checking account(s) falls below the $1,000 during any one day of the current cycle, the Prime Money Market account will be assessed a $25 Companion Checking Low Balance Fee. If there ceases to be any companion checking account(s) to the Prime Money Market, the Prime Money Market may be converted to the Premier Money Market at the current rate within 30 days of the event. REV010120
1.85% Annual Percentage Yield A,D
$1,000 to open
1.85% Annual Percentage Yield A,B
$1,000 to open
1.85% Annual Percentage Yield A,C
$1,000 to open
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