At Howard Bank, our banking professionals build relationships with you. We take time to learn about your personal and business financial needs and plans. Understanding what you need allows us to tailor solutions that help you achieve your financial goals. With our variety of savings, checking and investment accounts, Howard Bank customers have access to competitive rates. Below, you can find bank account interest rates and annual percentage yields (APYs). Effective: 3/17/2020
Business Accounts
| Product Types & Tiers | Rate | APY |
|---|---|---|
| Community Business Checking | ||
| $100,000 - $999,999.99 Balance | 0.01 | 0.01 |
| $1,000,000 and over Balance | 0.40 | 0.40 |
| Business Money Market | ||
| $.01 - $999.99 Balance | 0.01 | 0.03 |
| $1,000 - $9,999.99 Balance | 0.03 | 0.03 |
| $10,000 - $49,999.99 Balance | 0.03 | 0.03 |
| $50,000 - $99, 999. 99 Balance | 0.05 | 0.05 |
| $100,000 and over Balance | 0.07 | 0.07 |
| Business Savings Account | 0.01 | 0.01 |
Minimum to open: $50.
Health Savings Account
| Tiers | Rate | APY |
|---|---|---|
| $0.01 - $999.99 | 0.01 | 0.01 |
| $1,000 - $49,999.99 Balance | 0.03 | 0.03 |
| $50,000 - $99,999.99 Balance | 0.05 | 0.05 |
| $100,000 and over Balance | 0.08 | 0.08 |
No minimum to open.
Fixed Rate Certificates of Deposit
| Product Types | Rate | APY |
|---|---|---|
| 1 - 5 Month Certificate | 0.10 | 0.10 |
| 6 - 11 Month Certificate | 0.20 | 0.20 |
| 12 - 23 Month Certificate | 0.25 | 0.25 |
| 24 - 35 Month Certificate | 0.40 | 0.40 |
| 36 - 47 Month Certificate | 0.50 | 0.50 |
| 48 - 59 Month Certificate | 0.60 | 0.60 |
| 60 Month Certificate | 0.70 | 0.70 |
Minimum to earn APY: $500. Minimum to open: $500.
Personal Checking Accounts
| Product Types & Tiers | Rate | APY |
|---|---|---|
| Relationship Checking | ||
| $.01 - $999.99 Balance | 0.01 | 0.01 |
| $1,000 - $9,999.99 Balance | 0.03 | 0.03 |
| $10,000 - $24,999.99 Balance | 0.03 | 0.03 |
| $25,000 - $49,999.99 Balance | 0.03 | 0.03 |
| $50,000 - $99,999.99 Balance | 0.05 | 0.05 |
| $100,000 and over Balance | 0.07 | 0.07 |
| Premium Checking | ||
| $.01-$9,999.99 Balance | 0.03 | 0.03 |
| $10,000 - $24,999.99 Balance | 0.05 | 0.05 |
| $25,000 - $49,999.99 Balance | 0.05 | 0.05 |
| $50,000 - $99,999.99 Balance | 0.05 | 0.05 |
| $100,000 - $249,999.99 Balance | 0.05 | 0.05 |
| $250,000 and over Balance | 0.25 | 0.25 |
Minimum to open: $50.
Personal Money Market
| Tiers | Rate | APY |
| $.01 - $999.99 Balance | 0.01 | 0.01 |
| $1,000 - $9,999.99 Balance | 0.05 | 0.05 |
| $10,000 - $24,999.99 Balance | 0.07 | 0.07 |
| $25,000 - $49,999.99 Balance | 0.07 | 0.07 |
| $50,000 - $99,999.99 Balance | 0.07 | 0.07 |
| $100,000 and over Balance | 0.15 | 0.15 |
Minimum to open: $50.
Savings Accounts
| Produce Types | Rate | APY |
|---|---|---|
| Personal Savings | 0.01 | 0.01 |
| Junior Savings | 0.01 | 0.01 |
Minimum to earn APY: $0.01. Minimum to open Personal Savings: $50. Minimum to open Junior Savings: $5.
For more details about our accounts and fees, please review our retail schedule of charges. (PDF download)
For our certificates of deposit (CDs) and CD/individual retirement accounts (IRAs), please note that they are not available to residents of New York, Nevada or Oregon, and businesses cannot open these types of accounts online.
The interest rates and Annual Percentage Yields (“APYs”) on this rate page are effective as of the date shown above. Interest begins to accrue on the business day you deposit noncash items. Interest will be compounded daily and will be credited to the account monthly or quarterly, depending on the type of account. For variable accounts, rates may change after account is opened. A penalty may be imposed for early withdrawal on time deposit accounts. Fees may reduce earnings on the account. At our discretion, we may change interest rates at any time without notice.
