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Current Rates

  • Rates are effective as of February 01, 2012.
  • All rates are subject to change at any time without notice.
  • We attempt to keep the rates displayed here current as they change.
  • Contact us at (260) 357-3133 with any questions.

 

 

Certificate of Deposit Rates

Term / Product Min. Opening Deposit Interest Rate APY*
60 Month Regular (a) $500 1.64% 1.65%
60 Month Mainstreet (a) + $10,000 1.74% 1.75%
48 Month Regular (a) $500 1.44% 1.45%
48 Month Mainstreet (a) + $10,000 1.54% 1.55%
36 Month Regular (a) $500 0.95% 0.95%
36 Month Mainstreet (a) + $10,000 1.15% 1.15%
24 Month Regular (a) $500 0.65% 0.65%
24 Month Mainstreet (a) $500 0.75% 0.75%
12 Month Regular (a) $500 0.50% 0.50%
12 Month Mainstreet (a) $500 0.55% 0.55%
12 Month 10K (a) + $10,000 0.60% 0.60% 
182 Day Regular (a) $500 0.20% 0.20%
182 Day Mainstreet (a) $500 0.25% 0.25%
91 Day Regular (a) $500 0.15% 0.15%
91 Day Mainstreet (a) $500 0.20% 0.20%
24 Month Advantage CD (c) $2,500 0.65% 0.65%
36 Month Advantage CD (c) $2,500 0.95%

0.95%

         Freedom Choice CD's       
 9 Month (a) +  $1,000 0.35%  0.35%
 9 Month Mainstreet (a) +  $1,000 0.40%  0.40% 
 9 Month 10K (a) +  $10,000 0.45%  0.45% 

* APY = Annual Percentage Yield
(a) An early withdrawal penalty may be imposed.
(b) Variable rate product. Rates change monthly.
(c) 24 Month Advantage CD allows for one increase (bump) in the rate during the term. Requires customer to present coupon at the time of the bump. The 36 Month Advantage CD allows for two (2) changes (bumps) in the interest rate during the 36 month term. Requires customer to present coupon(s) at the time of the bump. See any Customer Representative for further details.

Mainstreet rates - Customers must have a Checking account at the Garrett State Bank and total deposit balances from all accounts in excess of $50,000.00

 

+Must have GSB checking

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Individual Retirement Account Rates

Term / Product Min. Opening Deposit Interest Rate APY*
60 Months IRA CD (a) $500 1.69% 1.70%
48 Month IRA CD (a) $500 1.49% 1.50%
36 Month IRA CD (a) $500 1.05% 1.05%
24 Month IRA CD (a) $500 0.70% 0.70%
12 Month IRA CD (a) $500 0.55% 0.55%
9 Month IRA Freedom Choice (a) +  $1,000  0.45%  0.45% 
18 Month Variable Rate IRA CD (a)(b)(c) $100 1.00% 1.00%

 * APY = Annual Percentage Yield
(a) An early withdrawal penalty may be imposed.
(b) Variable rate product. Rates change monthly.
(c) Additional deposits of as little as $10 can be made during the term of this account.

+ Must have GSB checking

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Savings and NOW Account Rates

Product Min. Opening Deposit Min. Balance to Obtain APY* Interest Rate APY*
Now Checking Account (a)(b) $100           $0.00 (c) .05% .05%
Mainstreet Checking (a)(b) $100   $1,000.00 (c) .05% .05%
- - $20,000.00 (c) .10% .10%
Passbook Savings (a) $100           $0.00 (c) .10% .10%
Christmas Club Savings (a) $5           $0.00 (c) .50% .50%
Money Market (a)(b) $2,000           $0.00 (c)  .10% .10%
- -   $5,000.01 (c) .10% .10%
- - $25,000.01 (c) .15% .15%
 * APY = Annual Percentage Yield
(a) The Interest Rate and APY may change after the account opening.
(b) Fees may be imposed if minimum balances are not maintained. Contact a Customer Service Representative for further information. Fees may affect earnings on these accounts.
(c) Minimum balance is based on the daily balance.

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