Online Banking  
Check Reorder
About Us Community
Home Personal Banking Business Banking Mortgages KENTech Other Services
Current Rates


Kent Bank - Rates of Return
EFFECTIVE August 6, 2014
Minimum Deposit
Interest Rate
Annual Percentage Yield
LIFESTYLE Checking
NOW Checking
$ 1,000
0.10%
0.10%
Homeowner Checking
$ 100
0.15%
0.15%
ADVANTAGE Checking
$ 5,000
0.20%
0.20%
Business ADVANTAGE Checking
0.10%
0.10%
SAVING & INVESTING
Money Market Savings
$2,500
$25,000+
0.20%
0.20%
$10,000 - $24,999
0.15%
0.15%
$2,500 - $9,999
0.10%
0.10%
$.01 - $2,499
0.05%
0.05%
Emergency Bucket Savings
$100
0.20%
0.20%
Custodial Savings*
$25 *
0.48%
0.48%
Regular Savings
$50
0.10%
0.10%
Health Savings
0.50%
0.50%
Business Savings
$100
0.10%
0.10%
Christmas Club Savings
0.10%
0.10%
Marquis Money Market
$50,000+
0.35%
0.35%
IRA Certificates of Deposit
12-60 Fixed
$500
0.45%
0.45%
12-60 Variable
$500
0.50%
0.50%
Certificates of Deposit
30-89 Days
$1,000+
0.10%
0.10%
90 Days
$1,000+
0.10%
0.10%
6 Months
$1,000+
0.20%
0.20%
9 Months
$1,000+
0.20%
0.20%
12 Months
$1,000+
0.30%
0.30%
24 Months
$1,000+
0.40%
0.40%
36 Months
$1,000+
0.60%
0.60%
48 Months
$1,000+
0.60%
0.60%
60 Months
$1,000+
0.75%
0.75%
Bump Up 24 Months
$10,000+
0.40%
0.40%
*Minimum Deposit $25 w/Kent Bank Checking or $100 w/o Kent Bank Checking

Certificates of Deposit are automatically renewable unless you instruct. CDs do not earn interest after the maturity date. There is a penalty for early withdrawal



Variable Interest Rates...
The interest rate and APY (Annual Percentage Yield) for any variable interest rate account is subject to change and may change any time after the account is opened. Variable IRA, Advantage, NOW, Homeowner, Money Market and all Savings are all variable rates accounts.

What is APY? (Annual Percentage Yield)...
As the name suggests, APY is the yield you earn on a deposit over a year. APY refers to your earnings - how much money you're making. APY is worth knowing about because it takes compounding into account. In very simple terms, compounding means making earnings, on your earnings. Cd's, IRA's and Savings are compounded quarterly. Money Market, Advantage, Homeowner and NOW accounts are compounded monthly.

The Effect of Fees...
Fees charged because minimum balance requirements were not met could reduce interest earnings.

Early Withdrawal Penalties...
Original Maturity Term.........Penalty
89 days or less....................7 days interest
90 days to 180 days.............30 days interest
181 days to 364 days...........90 days interest
365 days or longer...............180 days interest
All Kent Bank Checking, Savings Accounts and Certificates of Deposit are FDIC Insured to the maximum allowed by law.

Back To Top
FDIC
 
Kent Bank

Home | Personal Banking | Business Banking | Other Services | Loans & Mortgages | Investments
Privacy Policy | Terms of Use | USA PATRIOT Act

ehl