Content: Effective May 28, 2024

Checking

Interest Checking Rate APY Minimum Deposit to Open
Minimum Average Daily Balance to Earn APY: $500 0.25% 0.25% $500

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Money Market Rate APY Minimum Deposit to Open
Minimum Average Daily Balance to Earn APY: $500 to $999,999.99 3.68% 3.75% $500

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Minimum Average Daily Balance to Earn stated APY: $1,000,000 and above 3.68% 3.75% $500

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Savings

Savings Products Rate APY Minimum Deposit to Open
Savings & IRA Savings — Minimum Average Daily Balance to earn APY:  $100 to $999,999.99 4.16% 4.25% $25

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Savings & IRA Savings — Minimum Average Daily Balance to earn APY: $1,000,000 and above 4.16% 4.25% $25

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Holiday Club Accounts — Minimum Average Daily Balance to earn APY: $10 4.16% 4.25% $10

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Vacation Club Accounts — Minimum Average Daily Balance to earn APY: $10 4.16% 4.25% $10

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Interest on Lawyer Accounts 3.30% 3.36% $00

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Certificates of Deposit

Term: Certificates of Deposit Rate APY Minimum Deposit to Open
90 Day 3.68% 3.75% $250

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180 Day (6 months) 4.16% 4.25% $250

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1 Year (12 months) 4.88% 5.00% $250

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1 1/2 Years (18 Months) 4.40% 4.50% $250

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2 Years (24 Months) 3.92% 4.00% $250

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3 Years (36 Months) 3.92% 4.00% $250

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4 Years (48 Months) 3.92% 4.00% $250

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5 Years (60 Months) 3.92% 4.00% $250

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The APY is the Annual Percentage Yield, which is based on interest compounded daily. Fees may reduce earnings on your account (see Fee Schedule for details). Rates on Checking and Savings products are subject to change at Spring Bank’s discretion. Rates on Certificates of Deposits are fixed at opening. Early withdrawal penalties apply.

Competitive Rates

Interested in applying now? Please fill out the form below and go through our online application process.

Our Promise

At Spring Bank, we’re not just looking out for your money, we’re looking out for your goals. When you choose to bank with us, you become a part of the family. That’s a part of the Spring Bank promise.

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Ready to take advantage of our highly competitive banking rates? Come on in and speak with an associate about how you can benefit from banking with us. Fill out the form below to schedule your appointment:

Online Banking Support

Have any questions? Stop by a branch or call us at (718) 879-5000.