Bank5 Connect Rates

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Deposit accounts with competitive, high-interest rates that work for you.

Rates effective 12/30/2024. Rates subject to change.

CD Rates

ProductInterest RateAPY*Minimum DepositMinimum Required to Earn APY*
3 Month CD4.27%4.35%
$500.00$500.00
6 Month CD4.27%
4.35%
12 Month CD4.17%
4.25%
15 Month CD4.17%
4.25%
18 Month CD

3.15%

3.20%
21 Month CD3.15%
3.20%
24 Month Investment CD3.25%
3.30%
36 Month CD0.85%
0.85%

Open a CD

Penalty for early withdrawal. Rate may change at end of term. Fees may reduce earnings.


Savings Account Rates

ProductInterest RateAPY*Minimum DepositMinimum Required to Earn APY*
Connect Savings1.49%1.50%
$10$100
Jumbo Savings4.41%4.50%
$25,000$25,000

Open a Savings Account

Rate may change after account is opened. Fees may reduce earnings.


Money Market Account Rates

ProductInterest RateAPY*Minimum DepositMinimum Required to Earn APY*
Accelerator Money Market14.22%4.31%
$5,000$5,000
Connect Money Market21.00%1.00%
$100$100

Open a Money Market Account

1The interest rate will be based on the one month FHLB (Federal Home Loan Bank Boston) interest rate, as quoted on the last day of the month, minus a margin of 0.60%. Interest rate will be adjusted on the first day of each month. Balances over $1,000,000 will not earn interest. We reserve the right to discontinue this product at any time with 30 days' notice. Upon discontinuation, account will be converted to a Connect Money Market account, subject to the terms and conditions of that account.

2Balances over $1,000,000 will not earn interest.

Checking Account Rates

ProductInterest RateAPY*Minimum DepositMinimum Required to Earn APY*
Connect Checking2.28%2.30%
$10$100

Open a Checking Account

Rate may change after account is opened. Fees may reduce earnings.

*APY – Annual percentage yield. 

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