Savings Rates

Our high yield savings accounts make your money grow faster.

With any investment, the key is to end up with more than you started with. That's sure to be the case when you have a checking account, savings account, Money Market account, Share Certificate or retirement account at CoVantage. Our dividend payments can play a big part in moving you and your family toward financial security.

Annual Percentage Yields (APY) effective 12/10/2023 and subject to change.

APY (Annual Percentage Yield) refers to the dividends paid on a savings account over a year’s time. Unlike Rate, APY reflects dividends paid on dividends. This is why APY is higher than Rate.

Type	Rate	APY	Minimum Deposit
Savings	1.094%	1.10%	$10.00 Minimum. Dividend computed on daily balance and credited to account monthly.
Misc. Savings	1.094%	1.10%	$10.00 Minimum. Dividend computed on daily balance and credited to account monthly.
Christmas Club	1.094%	1.10%	$10.00 Minimum. Dividend computed on daily balance and credited to account monthly. Account balance is paid out 10/31.
Checking	0.100%	0.10%	Dividend credited to account monthly. Account must maintain a minimum daily balance of $500.00 to earn a dividend.
IRA Account	1.094%	1.10%	$10.00 Minimum. Dividend computed on daily balance and credited to account monthly.
Funeral Account	1.094%	1.10%	$10.00 Minimum. Dividend computed on daily balance and credited to account monthly.

Dividend computed on daily balance and credited to account monthly.

Minimum Balance	Rate	APY
Up to $4,999.99	1.094%	1.10%
$5,000.00 and over	1.094%	1.10%

Dividend computed on a daily balance and credited to account monthly.

Minimum Balance	Rate	APY
$750,000.00 and over	4.889%	5.00%
$500,000.00 to $749,999.99	4.409%	4.50%
$250,000.00 to $499,999.99	4.266%	4.35%
$100,000.00 to $249,999.99	3.449%	3.50%
$25,000.00 to $99,999.99	2.469%	2.50%
Up to $24,999.99	0.846%	0.85%

A penalty may be imposed for early withdrawal. Compounded quarterly.

Term	Rate	APY	Minimum Deposit
19 Month	5.102%	5.20%	$1000.00
60 Month	4.426%	4.50%	$1000.00
48 Month	4.281%	4.35%	$1000.00
36 Month	4.184%	4.25%	$1000.00
12 Month	3.941%	4.00%	$1000.00
24 Month	3.941%	4.00%	$1000.00
6 Month	1.095%	1.10%	$5000.00
3 Month	1.095%	1.10%	$5000.00

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Savings Rates

Our high yield savings accounts make your money grow faster.

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