Certificates of Deposits & IRA's
Rates effective as of August 11, 2025
Certificates of Deposit
A Certificate of Deposit or CD, is a time deposit offered to consumers to gain competitive returns on FDIC insured savings.
CDs are a great choice if you have a time specific savings need or if you just want to diversify overall portfolio risk. The consumer has the decision of how much to invest in the CD as well as the term length.
So whether, you are building assets for retirement or looking for a low risk way to diversify your investment portfolio, find the right savings solution at Sullivan Bank.
| Term | Minimum Opening Deposit | APY* |
|---|---|---|
| 3 Months | $1,000 | 0.25% |
| 6 Months | $1,000 | 0.25% |
| 7 Months SPECIAL Click to Open CD | $1,000 | 4.39% |
| 1 Year | $1,000 | 0.50% |
| 13 Months SPECIAL Click to Open CD | $1,000 | 4.20% |
| 18 Months | $1,000 | 0.50% |
| 22 Months SPECIAL Click to Open CD | $1,000 | 4.00% |
| 2 Years | $1,000 | 0.50% |
| 3 Years | $1,000 | 0.50% |
| 4 Years | $1,000 | 0.50% |
| 60 Months Special Click to Open CD | $1,000 | 4.00% |
SPECIALS are available for Online Account Opening!
*Annual Percentage Yields, APY’s are accurate as of date stated above. $1,000 minimum balance required to earn stated APY. Penalty may be imposed for early withdrawal, which will reduce earnings on the account. Interest compounded and credited quarterly. Rates are subject to change at any time.
Interest Bearing Accounts
| Account Name | Minimum Opening Deposit | APY* | Minimum Balance to Earn APY* |
|---|---|---|---|
| *Cash Rewards with Savings Rewards | $100 | 3.00% Qualified 0.30% Qualified 0.05% Non-Qualified | Balances up to $10,000 Balances over $10,000 No minimum balance |
| *Cash Back Rewards with Savings Rewards | $100 | 0.05% Non-Qualified Cash Back Rewards Spend
| $75,000 Balances under $75,000 do not receive interest but do receive Cash Back. |
| **Priority Plus Checking | $100 | 6.00% Qualified 0.05% Qualified 0.05% Non-Qualified | Balances under $25,000 No minimum balance |
| ***50+ Free Interest Checking | $50 | 0.01% | None |
| Savings Rewards with Cash Rewards | $10 | 1.00% Qualified 0.30% Qualified 0.30% Non-Qualified | Balances up to $25,000 No minimum balance is required to earn 0.30% |
| Savings Rewards with Cash Back Rewards | $10 | 1.00% Qualified 0.30% Qualified 0.30% Non-Qualified | Balances up to $25,000 No minimum balance is required to earn 0.30% |
| Regular Savings | $100 | 0.10% | None |
| K.I.D.$. | $25 | 0.10% | None |
| Health Savings Account (HSA) | None | 0.50% | None |
| Money Market Checking | $2,500 | 0.05% 0.10% 0.10% 0.15% 0.35% 0.40% | Under $2,500 $2,500-$9,999 $10,000-$24,999 $100,000 & over |
APY is effective as of the date stated above, and assumes monthly compounding. APY is calculated using the daily balance method, based on minimum balance requirements. On checking and savings accounts, rates are subject to change without notice after account opening, and certain fees may reduce account earnings. Accounts are FDIC insured.
*Annual Percentage Yield. APY calculations are based on an assumed total account balance of $10,000 for Cash Rewards and $25,000 for Saver Rewards plus $100,000 to be shown as single figure. Cash Rewards 0.55%-3.00% APY depending on account balance. Saver Rewards 0.44%-1.00% depending on the account balance.
**Annual Percentage Yield of 6.00% is accurate as of September 6, 2023. $100.00 Minimum Opening Deposit. No Minimum Balance required to maintain the account. To earn the higher rate of interest and a maximum of $10.00 in ATM fees refunded per statement cycle all of the following transaction and activities must be completed and post and settle to the account during each Monthly Qualification Cycle, you must have: 12 or more Debit Card POS (Point of Sale) transactions totaling a minimum dollar amount of $300 during the statement cycle, accept electronic delivery of monthly eStatements (requires a valid e-mail address), at least one direct deposit or direct debit clear the account during the statement cycle and log into Online Banking at least once during the statement cycle. If the Statement date falls on a non-Business Day, the monthly statement and qualification cycle (if applicable) ends the Business Day prior. Non-Qualified or Balances over $25,000 will earn 0.05% APY. Rates may change after account opening. Limited to 2 accounts per individual listed as primary account owner. Additional terms and conditions may apply. Message and data rates may apply. Contact a Retail Specialist for more information.
***Interest earned on all balances