Rates for Illinois Branches
All rates effective 07-29-2010
| CERTIFICATES OF DEPOSIT | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Term | Interest Rate | Annual Percentage Yield | Interest Compounded | Interest Credited | Minimum Required to Open and Earn APY | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 6 Month (18) | 0.30% | 0.30% | None | At Maturity | $1,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 7 Month* (15) |
0.60% | 0.60% | None | At Maturity | $5,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 1 Year (28) | 0.50% | 0.50% | Quarterly | Quarterly | $1,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Savings for the Future 1 Year w/ additions (42) |
0.50% | 0.50% | Quarterly | Quarterly | $25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 13 Month* (29) |
0.85% | 0.85% | Quarterly | Quarterly | $5,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2 Year (27) | 1.00% | 1.00% | Quarterly | Quarterly | $1,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3 Year (05) | 1.15% | 1.15% | Quarterly | Quarterly | $1,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 5 Year (09) | 1.69% | 1.70% | Quarterly | Quarterly | $1,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
An early withdrawal penalty is imposed on withdrawals of principal prior to maturity.
*7-Month CD will renew to a 6-Month CD. 13-Month CD will renew to a 12-Month CD.
FDIC Insured
| CHECKING ACCOUNTS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Account | Interest Rate | Annual Percentage Yield | Features | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Free & Easy Checking (05) | N/A | N/A | Minimum to open is $25. No minimum balance to maintain the account. No monthly service charge, no per check charge, free checks (wallet blue specialties). | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 50+ (11) | 0.20% | 0.20% | Minimum to open is $25. No minimum blanace to maintain the account. No monthly service charge, no per check charge, free checks (wallet blue specialties) must be 50 or older. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Health Savings Account (44) | 0.20% | 0.20% | Minimum Balance to open is $100. No minimum balance to maintain the account. No monthly service charge, no per check charge, first set of checks free (50 special H S A checks). The Health Savings Account (H S A) is designated for covering medical expenses. See branch for details. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The interest rate and APY are subject to change after the account is opened. Interest compounded and credited monthly. No minimum requirement to earn interest. Personal accounts only.
Fees could reduce earnings.
FDIC Insured
| SAVINGS AND MONEY MARKET ACCOUNTS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Account | Interest Rate | Annual Percentage Yield | Daily Minimum Required To Earn APY | Interest Compounded/ Credited | Minimum Required to Open/ Avoid Fees | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Regular Savings* (01) | 0.25% | 0.25% | $25 | Quarterly | $25/ $25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Free & Easy Kids Club Savings (02) | 0.25% | 0.25% | $10 | Quarterly | $10/ $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| IRA Savings (37) | 0.50% 0.20% |
0.50% 0.20% |
$1,000 $250 |
Monthly | $1,000/ $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Ultimate Money Market** (48) | 0.80% |
0.80% 0.70% 0.60% 0.50% 0.25% 0.05% |
$100,000 $50,000 $25,000 $10,000 $2,400 $0 |
Monthly | $2,400/ $500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The interest rate and APY are subject to change after the account is opened. Fees could reduce earnings.
*A monthly fee of $3 is charged if the daily balance falls below $25.
**The minimum to avoid fees is $500 average balance. If the average balance falls below $500 there will be a monthly fee of $10.
The Free & Easy Kids Club Savings is available for minors under 21 years of age. After minor turns 21, account will automatically convert to a Regular Savings account. Personal accounts only.
FDIC Insured.
| BUSINESS ACCOUNTS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Account | Interest Rate | Annual Percentage Yield | Daily Minimum Required to Earn APY | Interest Compounded/Credited | Minimum Required to Open | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Regular Business Savings (12)* |
0.25% | 0.25% | $250 | Quarterly | $100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Ultimate Money Market (15) |
0.80% |
0.80% 0.70% 0.60% 0.50% 0.25% 0.05% |
$100,000 $50,000 $25,000 $10,000 $2,400 $0 |
Monthly | $2,400 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| IOLTA/RECTA Checking (12) | 0.20% | 0.20% | $0 | Monthly | $50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The interest rate and APY are subject to change after the account is opened. Fees could reduce earnings. *A monthly fee of $3.00 is charged if the daily balance falls below $100. FDIC Insured.
| ACCOUNT | FEATURES |
| Totally Free* Business Checking (39) | Minimum Balance to open account is $100. |
| No minimum balance requirement. | |
| No monthly service charge. | |
| No transaction fees per statement.** | |
| Basic Business Checking (32) | Minimum Balance to open account is $100. |
| No minimum balance requirement. | |
| No monthly service charge. | |
| 50 FREE transactons** per statement | |
| Over 50 transactions ** $.20 each per statement. |
|
| Commercial Checking (34) | Minimum Balance to open account is $100. |
| Average available balance requirement is $10,000. | |
| Monthly service charge (if average available balance falls below $10,000) is $8.25. | |
| Per transaction ** fee $.12 each. | |
| Earnings Credit can offset fees charged. |
|
| IOLTA/RECTA Checking (12) |
No minimum balance, monthly service charge or per check charge. |
| All interest paid on this account, less any service charges or fees imposed on the account if any, will be submitted annually to the appropriate agency. | |
| Statement copies are mailed monthly to the appropriate agency with each interest remittance. | |
| The original statement is mailed to the attorney/law firm establishing the account. |
* For each Totally Free Business Checking account opened, one of the following Guaranty Bank products must be open and active to qualify: Personal Checking, Personal or Business Money Market, Certificate of Deposit, Credit Card or Auto Loan, Mortgage Loan, Equity Loan/Line of Credit, Business Loan or Line of Credit. If the additional account is closed, your checking will be transferred to another Guaranty Bank Business Checking product where balance and transaction fees may apply. Customer purchases checks. Fees for services, such as cash/coin orders still apply, refer to fee listing. Guaranty Bank reserves the right to transfer the account to our Commercial Checking if the account has excessive transactions in relation to balances.
**A transaction is defined as: check written, transfer, deposit ticket processed, deposit item, ACH or other account debits or credits. For checks presented to the bank on the same day, the bank reserves the right to debit customer's account in any order. A statement is produced at the end of each month for each account reconciliation. Must provide a copy of corporate Resolution at time of opening account. For any other terms and conditions of your account refer to our Deposit Disclosure.
The rates advertised on this page are for the Illinois office of Guaranty Bank. Call or Visit your Local Guaranty Bank office, as specials vary by branch.
For more detailed information on any of Guaranty Bank's accounts or for information on opening an account, please contact our Customer Service Center at:
1-800-235-4636 or
E-mail us at customer.service@gbmail.com
Guaranty Bank is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2010, all non interest-bearing transaction accounts and all IOLTA & NOW account deposits earning 1/2 of 1% or less are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules.
If you have a sweep arrangement with your accounts or take other actions that result in funds being transferred or reclassified to an account that is not guaranteed under the transaction account guarantee program (to an interest-bearing money market account, for example), such actions will void the FDIC's guarantee that provides unlimited insurance for transaction accounts.
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT
To help the government fight the funding of terrorist and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
What this means for you: When you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
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