Deposit Rates
Rates are subject to change without notice. APY is defined to mean Annual Percentage Yield.
Checking with Interest Rates
Effective Date: Thursday March 23, 2023
| Type | Minimum Balance to Open | Minimum Balance to Earn APY | Interest Rate | APY* |
|---|---|---|---|---|
| Checking with Interest1 | $25.00 | $0.01 | 0.03% | 0.03% |
* APY is defined to mean Annual Percentage Yield.
1 Interest is compounded daily and credited monthly. The interest rate may change at any time, and may change after the account is open. A monthly service charge may apply. Fees may reduce earnings.
Relationship Checking Account Rates
Effective Date: Thursday March 23, 2023
| Type | Minimum Balance to Open | Minimum Balance to Earn APY* | Interest Rate | APY* |
|---|---|---|---|---|
| Relationship Checking1 | $25.00 | $0.01 | 0.03% | 0.03% |
* APY is defined to mean Annual Percentage Yield. Rates are subject to change without notice.
1 Interest is compounded daily and credited monthly. The interest rate may change at any time, and may change after the account is open. A monthly service charge may apply. Fees may reduce earnings.
Interest Plus Checking Rates
Effective Date: Thursday March 23, 2023
| On Balances | Reward Rate | Base Rate |
|---|---|---|
| from $.01 up to $20,000.00 | 1.50% APY* | |
| above $20,000.00 depending on the balance in the account | 1.50% to 0.30% APY* | |
| All Balances - when qualifications are not met | 0.03% APY* |
* APY – Annual Percentage Yields are accurate as of April, 2022. Minimum deposit to open account is $25.00. Reward Rate tiers are as follows when qualifications are met: If your daily balance is $.01 up to $20,000.00, the interest rate paid on the entire balance will be 1.489% with an annual percentage yield of 1.50%. An interest rate of .30% will be paid only for that portion of your daily balance that is greater than $20,000.00, and the annual percentage yield for this tier will range from 1.50% to .30% depending on the balance in your account. The Base Rate of 0.03% APY will be earned on all balances if qualifications are not met. Rates may change at any time, and may change after the account is opened. Fees may reduce earnings. Available for personal accounts only. Certain restrictions may apply, please contact a Customer Associate at 860.596.2444.
Personal Statement Savings
Effective Date: Thursday March 23, 2023
| Type | Minimum Balance to Open | Minimum Balance to Earn APY* | Interest Rate | APY* |
|---|---|---|---|---|
| Personal Statement Savings1,2 | $100.00 | $0.01 | 0.05% | 0.05% |
* APY is defined to mean Annual Percentage Yield. Rates are subject to change without notice.
1 Interest is compounded daily and credited monthly. The interest rate may change at any time, and may change after the account is open. Transaction limitations apply.
2 To avoid $5.00 Monthly Service Charge, maintain a minimum daily balance of $100.00. There is no Monthly Service Charge when the primary account owner is under the age of 18. On the primary account owner's 18th birthday, the account will automatically be subject to the $5.00 monthly service charge. Fees may reduce earnings.
Holiday & Vacation Club Rates
Effective Date: Thursday March 23, 2023
| Type | Minimum Balance to Open | Minimum Balance to Earn APY | Interest Rate* | Annual Percentage Yield (APY) |
|---|---|---|---|---|
| Holiday / Vacation Club | $5.00 | $5.00 | 0.05% | 0.05% |
* Interest is compounded daily and credited at the end of the club term. Transaction limitations apply. Automatic deposits are required to be made by ACH or EFT. The interest rate may change at any time, and may change after the account is opened. Fees may reduce earnings.
Savings Plus
Effective Date: Thursday March 23, 2023
| Type | Minimum Balance to Open | Minimum Balance to Earn APY* | Interest Rate | APY* |
|---|---|---|---|---|
| Savings Plus1,2 | $100.00 | $0.01 | 0.08% | 0.08% |
| $100.00 | $2,500.00 | 0.08% | 0.08% | |
| $100.00 | $10,000.00 | 0.10% | 0.10% | |
| $100.00 | $25,000.00 | 0.10% | 0.10% | |
| $100.00 | $50,000.00 | 0.15% | 0.15% | |
| $100.00 | $100,000.00 | 0.20% | 0.20% |
* APY is defined to mean Annual Percentage Yield.
1 Interest is compounded daily and credited monthly. The interest rate may change at any time, and may change after the account is open. Transaction limitations apply. Fees may reduce earnings.
2 To obtain the APY, Savings Plus requires a linked Checking account with the same owners and combined statement.
Relationship Savings
Effective Date: Thursday March 23, 2023
| Type | Minimum Balance to Open | Minimum Balance to Earn APY* | Interest Rate | APY* |
|---|---|---|---|---|
| Relationship Savings1,2 | $100.00 | $0.01 | 0.08% | 0.08% |
| $100.00 | $2,500.00 | 0.08% | 0.08% | |
| $100.00 | $10,000.00 | 0.12% | 0.12% | |
| $100.00 | $25,000.00 | 0.12% | 0.12% | |
| $100.00 | $50,000.00 | 0.15% | 0.15% | |
| $100.00 | $100,000.00 | 0.20% | 0.20% |
* APY is defined to mean Annual Percentage Yield. Rates are subject to change without notice.
1 Interest is compounded daily and credited monthly. The interest rate may change at any time, and may change after the account is open. Transaction limitations apply. Fees may reduce earnings.
2 To obtain the APY, Relationship Savings requires a linked Relationship Checking account with the same owners and combined statement.
Premier Personal Money Market
Effective Date: Thursday March 23, 2023
| Type | Minimum Balance to Open | Minimum Balance to Earn APY* | Interest Rate | APY* |
|---|---|---|---|---|
| Premier Personal Money Market1,2 | $1,000.00 | $0.01 | 0.05% | 0.05% |
| $1,000.00 | $2,500.00 | 0.05% | 0.05% | |
| $1,000.00 | $10,000.00 | 0.08% | 0.08% | |
| $1,000.00 | $25,000.00 | 0.08% | 0.08% | |
| $1,000.00 | $50,000.00 | 0.15% | 0.15% | |
| $1,000.00 | $100,000.00 | 0.18% | 0.18% |
* APY is defined to mean Annual Percentage Yield. Rates are subject to change without notice.
1 Interest is compounded daily and credited monthly. The interest rate may change at any time, and may change after the account is open. Transaction limitations apply. Fees may reduce earnings.
2 To avoid $10.00 Monthly Service Charge, maintain a minimum daily balance of $1,000.00.
Health Savings Account
Effective Date: Thursday March 23, 2023
| Type | Minimum Balance to Open | Minimum Balance to Earn APY* | Interest Rate | APY* |
|---|---|---|---|---|
| Health Savings Account1 | $25.00 | $0.01 | 0.05% | 0.05% |
| $25.00 | $1,000.00 | 0.05% | 0.05% | |
| $25.00 | $5,000.00 | 0.10% | 0.10% | |
| $25.00 | $10,000.00 | 0.15% | 0.15% | |
| $25.00 | $25,000.00 | 0.25% | 0.25% | |
| $25.00 | $50,000.00 | 0.30% | 0.30% | |
| $25.00 | $100,000.00 | 0.40% | 0.40% |
* APY is defined to mean Annual Percentage Yield. Rates are subject to change without notice.
1 Interest is compounded daily and credited monthly. The interest rate may change at any time, and may change after the account is open. Transaction limitations apply. Fees may reduce earnings.
Business Checking with Interest Rates
Effective Date: Thursday March 23, 2023
| Type | Minimum Balance to Open | Minimum Balance to Earn APY* | Interest Rate | APY* |
|---|---|---|---|---|
| Business Checking with Interest1 | $100.00 | $0.01 | 0.03% | 0.03% |
* APY is defined to mean Annual Percentage Yield. Rates are subject to change without notice.
1 Only available to Sole Proprietorships or Non-Profit Organizations. Interest is compounded daily and credited monthly. The interest rate may change at any time, and may change after the account is open. A monthly service charge and/or ACH fee may apply. Fees may reduce earnings.
Business Statement Savings Rates
Effective Date: Thursday March 23, 2023
| Type | Minimum Balance to Open | Minimum Balance to Earn APY1 | Interest Rate | APY1 |
|---|---|---|---|---|
| Business Statement Savings2,3 | $100.00 | $0.01 | 0.05% | 0.05% |
1 APY is defined to mean Annual Percentage Yield. Rates are subject to change without notice.
2 Interest is compounded daily and credited monthly. The interest rate may change at any time, and may change after the account is open. Transaction limitations apply.
3 Maintain a minimum daily balance of $100.00 to avoid the $5.00 monthly service charge.
Fees may reduce earnings.
Business Relationship Savings Rates
Effective Date: Thursday March 23, 2023
| Type | Minimum Balance to Open | Minimum Balance to Earn APY* | Interest Rate | APY* |
|---|---|---|---|---|
| Business Relationship Savings1,2,3 | $100.00 | $0.01 | 0.08% | 0.08% |
| $100.00 | $2,500.00 | 0.08% | 0.08% | |
| $100.00 | $10,000.00 | 0.12% | 0.12% | |
| $100.00 | $25,000.00 | 0.12% | 0.12% | |
| $100.00 | $50,000.00 | 0.15% | 0.15% | |
| $100.00 | $100,000.00 | 0.20% | 0.20% |
* APY is defined to mean Annual Percentage Yield. Rates are subject to change without notice.
1 Interest is compounded daily and credited monthly. The interest rate may change at any time, and may change after the account is open. Transaction limitations apply.
2 Available for new money only, that is, funds that are not currently on deposit in Salisbury Bank and Trust Company. To obtain the APY, Business Relationship Savings requires a linked business checking account.
3 You must maintain an aggregate minimum daily balance of $15,000.00 in any linked Checking, Savings, Money Market Account or Certificate of Deposit to avoid the $15 monthly service charge. Your linked business account(s) must have the same account title and TIN. Certain restrictions may apply, please contact a Customer Associate at 860.596.2444.
Fees may reduce earnings. Please see our separate Fee Schedule for other fees that may apply to this account.
Business Money Market Rates
Effective Date: Thursday March 23, 2023
| Type | Minimum Balance to Open | Minimum Balance to Earn APY1 | Interest Rate | APY1 |
|---|---|---|---|---|
| Business Money Market2,3 | $1,000.00 | $0.01 | 0.05% | 0.05% |
| $1,000.00 | $2,500.00 | 0.05% | 0.05% | |
| $1,000.00 | $10,000.00 | 0.08% | 0.08% | |
| $1,000.00 | $25,000.00 | 0.08% | 0.08% | |
| $1,000.00 | $50,000.00 | 0.15% | 0.15% | |
| $1,000.00 | $100,000.00 | 0.18% | 0.18% | |
| $1,000.00 | $250,000.00 | 0.20% | 0.20% | |
| $1,000.00 | $500,000.00 | 0.20% | 0.20% | |
| $1,000.00 | $1,000,000.00 | 0.20% | 0.20% |
1 APY is defined to mean Annual Percentage Yield. Rates are subject to change without notice.
2 Interest is compounded daily and credited monthly. The interest rate may change at any time, and may change after the account is open. Transaction limitations apply.
3 Maintain a minimum daily balance of $1,000.00 to avoid the $10.00 monthly service charge.
Fees may reduce earnings.
IOLTA / IOLA Rates
Effective Date: Thursday March 23, 2023
| On Balances | APY* |
|---|---|
| $0.01 - $99,999.99 | 0.15% |
| $100,000.00 - $249,999.99 | 0.18% |
| $250,000.00 - $499,999.99 | 0.20% |
| $500,000.00 - $999,999.99 | 0.20% |
| $1,000,000.00 and over | 0.20% |
* APY is defined to mean Annual Percentage Yield. Interest is compounded daily, credited monthly and paid to the State Agency designated by statute.
Frequency - interest will be compounded daily and credited monthly and paid to the State Agency designated by statute. If you close your account before interest is credited, you will receive the accrued interest.
We use the “daily balance method” to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Interest begins to accrue on the first business day after the business day you deposit non-cash items (for example, checks).
Fees may reduce earnings. Please see our separate Fee Schedule for other fees that may apply to this account.
Certificates of Deposit - Personal and Business
Effective Date: Thursday March 23, 2023
| Term | Minimum Balance to Open | Minimum Balance to Earn APY* | Interest Rate | APY* |
|---|---|---|---|---|
| 30 to 89 Days1 | $1,000.00 | $1,000.00 | 0.05% | 0.05% |
| 3 to 5 Months1 | $1,000.00 | $1,000.00 | 0.10% | 0.10% |
| 6 to 11 Months1 | $1,000.00 | $1,000.00 | 0.20% | 0.20% |
| 12 to 17 Months1 | $1,000.00 | $1,000.00 | 0.40% | 0.40% |
| 13 Months1,2 | $1,000.00 | $1,000.00 | 4.16% | 4.25% |
| 15 Months1 | $1,000.00 | $1,000.00 | 2.08% | 2.10% |
| 16 Month Step-Up1 | $1,000.00 | $1,000.00 | 0.40% | 0.40% |
| 18 to 23 Months1 | $1,000.00 | $1,000.00 | 0.50% | 0.50% |
| 24 to 35 Months1 | $1,000.00 | $1,000.00 | 0.52% | 0.52% |
| 36 to 47 Months1 | $1,000.00 | $1,000.00 | 0.58% | 0.58% |
| 48 to 59 Months1 | $1,000.00 | $1,000.00 | 0.60% | 0.60% |
| 60 Months1 | $1,000.00 | $1,000.00 | 0.62% | 0.62% |
* APY is defined to mean Annual Percentage Yield. Rates are subject to change without notice.
1 Interest is compounded daily and credited monthly. The interest rate is fixed and will not change until maturity. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. A substantial penalty for early withdrawal may be imposed. Transaction limitations apply. If you have a 16 Month Step-Up, you may exchange the interest rate on your account one time during the term upon written request for the 16 Month Step-Up Certificate rate currently offered.
2 13 Month Certificate of Deposit will automatically renew to a 12 month Certificate of Deposit.
Fees may reduce earnings.
Individual Retirement Account (IRA) Certificates of Deposit
Effective Date: Thursday March 23, 2023
| Term | Minimum Balance to Open | Minimum Balance to Earn APY* | Interest Rate | APY* |
|---|---|---|---|---|
| 12 to 17 Months1 | $500.00 | $500.00 | 0.40% | 0.40% |
| 16 Month Step-Up1 | $500.00 | $500.00 | 0.40% | 0.40% |
| 18 to 23 Months1 | $500.00 | $500.00 | 0.50% | 0.50% |
| Retirement Savers IRA1 - 18 Months | $500.00 | $500.00 | 0.50% | 0.50% |
| 24 to 35 Months1 | $500.00 | $500.00 | 0.52% | 0.52% |
| 36 to 47 Months1 | $500.00 | $500.00 | 0.58% | 0.58% |
| 48 to 59 Months1 | $500.00 | $500.00 | 0.60% | 0.60% |
| 60 Months1 | $500.00 | $500.00 | 0.62% | 0.62% |
* Rates are subject to change without notice. APY is defined to mean Annual Percentage Yield.
1 Interest is compounded daily and credited monthly. The interest rate is fixed and will not change until maturity. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. A substantial penalty for early withdrawal may be imposed. Transaction limitations apply. If you have a 16 Month Step-Up, you may exchange the interest rate on your account one time during the term upon written request for the 16 Month Step-Up Certificate rate currently offered. The Retirement Savers IRA will accept additional contributions, rollovers and transfer deposits during the term.
Fees may reduce earnings.