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Grow Your Savings Today

Make your money work for you.

Let these deposit accounts work for you and grow your savings!

Great Accounts With Great Rates

Don't need to use your cash for a while, but want a higher rate of return?

The 3-month Certificate of Deposit offers 5.00% APY (Annual Percentage Yield) for the life of the CD then renews at a regular 3-month CD or IRA.

Want accessible funds that earn interest?

The Premier Money Market account allows you to access your funds while returning up to 3.04% APY on your savings, with variable interest rates based on the amount in the account.
Simple Deposit Accounts That Work for You

3-Month CD 

Get a higher rate of return without tying your money up for an extended period of time. The 3-month Certificate of Deposit offers 5.00% APY for the life of the CD then renews at a regular 3-month CD or IRA. The minimum required opening amount is $500.* 

Premier Money Market Account

For business or personal accounts, the Premier Money Market Account gives you a higher interest rate than a standard Money Market account and includes the benefits of online and mobile banking and access to ATMs across the State. This account requires maintaining a $5,000 daily balance to avoid a monthly fee. Rates vary by tiers based on the amount in the account. Click here to compare with other Business Money Market Accounts.†

Premier Money Market Account Tiers

Account Balance Tiers Interest Rate APY
0 - 24,999.99 1.00% 1.00%
25,000-49,999.99 1.00% 1.00%
50,000 - 99,999.99 1.00% 1.00%
100,000 - 249,999.99 2.75% 2.79%
250,000 - 499,999.99 2.75% 2.79%
500,000 - 749,999.99 3.00% 3.04%
750,000 - 999,999.99 3.00% 3.04%
1,000,000 - 2,499,999.99 3.25% 3.30%
2,500,000 - over 3.25% 3.30%

Safe Accounts to Secure Your Funds

Business Repurchase (REPO) Account

If you maintain a high balance in your deposit account, a Business Repurchase (REPO) Account could be a good fit.  A REPO account is a type of sweep account that invests excess funds, giving you another way to earn a return on your money. 

Insured Cash Sweep (ICS) Account††

The Insured Cash Sweep (ICS)® Account offers businesses and individuals competitive interest rates while providing complete FDIC coverage on amounts over the $250,000 federal limit. When you place your or your business deposits through the ICS®, that deposit is divided into amounts under the standard FDIC insurance maximum of $250,000, which are placed in demand deposit accounts (using the ICS® demand option), money market deposit accounts (using the ICS® savings option), at multiple banks. As a result, clients can access guaranteed multi-million dollar coverage from many institutions while working directly with just one: Altabank. We’ll manage the multi-bank relationship for you without any service fees. 

Deposit accounts at Altabank are FDIC insured up to $250,000 for each account. 

*At the end of the 3-month period the CD will renew as a regular 3-month CD or IRA. Early withdrawal fees and other account requirements apply.  A penalty may be imposed for early withdrawal. Fees may reduce earnings on the account.  APY stands for Annual Percentage Yield. Annual Percentage Yields (APYs) are effective as of 1/24/24, and are subject to change without notice.
†Interest compounded and credited monthly. Withdrawals made by electronic transfer or check are limited to 6 per month as per bank regulations. A withdrawal fee of $1 may apply if the number of transactions exceeds allowable limits. $10 monthly fee if the balance in account falls below $5,000 any calendar day of the month. Refer to Deposit Terms and Conditions and related Deposit Disclosures for full account details. The interest rate and APY on Variable Interest Rate Accounts may change after account opening. Fees could reduce earnings on accounts. Annual Percentage Yields (APYs) are effective as of 1/24/24, and are subject to change without notice.
††Placement of funds through the ICS service is subject to the terms, conditions, and disclosures in the service agreements, including the Deposit Placement Agreement (“DPA”). Limits and customer eligibility criteria apply. In the ICS savings option, program withdrawals are limited to six per month. Although funds are placed at destination banks in amounts that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”), a depositor’s balances at the relationship institution that places the funds may exceed the SMDIA (e.g., before ICS settlement for a deposit or after ICS settlement for a withdrawal) or be ineligible for FDIC insurance (if the relationship institution is not a bank). As stated in the DPA, the depositor is responsible for making any necessary arrangements to protect such balances consistent with applicable law. If the depositor is subject to restrictions on placement of its funds, the depositor is responsible for determining whether its use of ICS satisfies those restrictions. ICS and Insured Cash Sweep are registered service marks of IntraFi Network, LLC.