Certificates of Deposit (CD)1
| Type | Interest Rate | APY 2 | Minimum Balance to Obtain APY |
|---|---|---|---|
| 91 Days | 3.60% | 3.65% | $500.00 |
| 182 Days | 3.60% | 3.63% | $500.00 |
| 9 Months | 3.45% | 3.46% | $500.00 |
| 12 Months | 3.85% | 3.85% | $500.00 |
| 18 Months | 3.45% | 3.46% | $500.00 |
| 24 Months | 3.40% | 3.40% | $500.00 |
| 36 Months | 3.35% | 3.35% | $500.00 |
| 48 Months | 3.45% | 3.45% | $500.00 |
| 60 Months | 3.50% | 3.50% | $500.00 |
Individual Retirement Accounts (IRA)1
| Type | Interest Rate | APY 2, 3 | Minimum Balance to Obtain APY |
|---|---|---|---|
| 91 Days | 3.60% | 3.65% | $500.00 |
| 182 Days | 3.60% | 3.63% | $500.00 |
| 12 Months | 3.45% | 3.45% | $500.00 |
| 18 Months | 3.45% | 3.46% | $500.00 |
| 24 Months | 3.40% | 3.40% | $500.00 |
| 36 Months | 3.35% | 3.35% | $500.00 |
| 48 Months | 3.45% | 3.45% | $500.00 |
| 60 Months | 3.50% | 3.50% | $500.00 |
Checking & Savings Accounts1
See our product pages for additional account details.
| Account Name | Tier | Minimum Balance to Obtain APY | Interest Rate | APY 2 |
|---|---|---|---|---|
| Interest Checking & Golden Checking | $0 - $999.99 $1,000 - $4,999.99 $5,000 - $9,999.99 $10,000 + | N/A $1,000.00 $5,000.00 $10,000.00 | 0.25% 0.25% 0.40% 0.40% | 0.25% 0.25% 0.40% 0.40% |
| Civic Checking | $0 - $24,999.99 $25,000 + | N/A $25,000.00 | 0.40% 0.50% | 0.40% 0.50% |
| Basic Savings | N/A | N/A | 0.20% | 0.20% |
| Preferred Savings | $1,000 - $9,999.99 $10,000 - $24,999.99 $25,000 + | $1,000.00 $10,000.00 $25,000.00 | 0.50% 0.65% 0.75% | 0.50% 0.65% 0.75% |
| Investor Savings | $0 - $24,999.99 $25,000 - $99,999.99 $100,000 - $249,999.99 $250,000 - $999,999.99 $1,000,000 - $4,999,999.99 $5,000,000 + | N/A $25,000.00 $100,000.00 $250,000.00 $1,000,000.00 $5,000,000.00 | 1.50% 2.10% 2.26% 2.90% 3.25% 3.75% | 1.51% 2.12% 2.28% 2.94% 3.30% 3.82% |
| Little Drake Savings | $0 - $1,000.00 $1,000.01 + | $25.00 $1,000.01 | 4.00% 0.40% | 4.07% 0.40% |
Additional account qualifications and requirements may apply.
1 Checking and savings accounts require a $100 opening balance. CD and IRA accounts require a $500 opening balance.
2 Annual Percentage Yield (APY) listed is an estimate. Actual APY will be based on specific account terms and will be disclosed at account opening. Interest rates and APY may change at our discretion at any time. If you close your account before interest is credited, you will receive the accrued interest. Fees could reduce earnings on your account.
3 A withdrawal of interest prior to maturity will reduce earnings. Interest rates on CDs are fixed rates and are paid for the term of the deposit until maturity. Additional deposits before maturity are not permitted except for the IRA CD, which allows additional deposits of a minimum of $50.00. Penalty for early withdrawal may apply. Please refer to your CD for additional terms and conditions that may apply.
Interest rates are determined at the sole discretion of Drake Bank and are subject to change. Details on account terms and conditions are available upon request. Contact us for further information.
Build A Better Future.
We’re here to make your relationship with money simpler and more meaningful, helping you reach the future you’re aiming for.
