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Interest Rate |
APY |
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TRANSACTION ACCOUNTS - Ultimate Checking
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Ultimate Checking Account (NOW Account)
$0 to $25,000.00
"Ultimate Rate" when Qualifications are met
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2.960% |
3.00% |
$25,000.01 +
"Ultimate Rate" when Qualifications are met
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0.550% |
0.55% |
0$ to $25,000.00
"Reward Rate" when Qualifications are met
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1.985% |
2.00% |
$25,000.01 +
"Reward Rate" when Qualifications are met
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0.550% |
0.55% |
All Balances
"Base Rate" when Qualifications are NOT met
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0.200% |
0.20% |
This is a variable rate account, the interest rates and annual percentage yields are subject to change at any time after the account is opened.
To qualify, depositor must sign up for the BlueWave Online Banking and elect to receive electronic account statements (eStatements) for the account.
“Ultimate Rate” qualification requirements - Conduct at least $1,000.00 in signature based point-of-sale (POS) transactions; 1 Automatic Clearing House (ACH) direct deposit or 1 ACH auto debit transaction per qualification cycle. “Reward Rate” qualification requirements - Conduct $300.00 to $999.99 in signature based POS transactions; 1 ACH direct deposit or 1 ACH auto debit per qualification cycle. For the “Ultimate” and “Reward” rates, interest accrues on that portion of the daily collected balance per applicable tier. For the “Base Rate”, interest accrues on the entire daily collected account balance. Qualification cycle means a period beginning one day prior to the current statement cycle through one day prior to the close of the current statement cycle. |
TRANSACTION ACCOUNTS - Performance Checking
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Performance Checking Account (NOW Account)
$0 to $15,000.00
"Premium Rate" when Qualifications are met
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1.985% |
2.00% |
$15,000.00+
"Premium Rate" when Qualifications are met
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0.350% |
0.35% |
All Balances
"Base Rate" when Qualifications are NOT met
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0.100% |
0.10% |
This is a variable rate account, the interest rate and annual percentage yields are subject to change at any time after the account is opened. Qualification requirements for “Premium Rate”: 12 signature based point-of-sale (POS) transactions and 1 Automated Clearing House (ACH) direct deposit or 1 ACH auto debit transaction per qualification cycle.
For the “Premium Rate”, interest accrues on that portion of the daily collected account balance per applicable tier. For the “Base Rate”, interest accrues on the entire daily collected account balance. Qualification cycle means a period beginning one day prior to the current statement cycle through one day prior to the close of the current statement cycle.
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Classic/Preferred Checking Account (NOW Account)
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$0 - 4,999.99 |
0.100% |
0.10% |
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$5000 - $49,999.99 |
0.150% |
0.15% |
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$50,000 - $249,999.99 |
0.250% |
0.25% |
$250,000+
Minimum Opening Deposit of $100
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0.250% |
0.25% |
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NON-TRANSACTION ACCOUNTS
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Classic/Preferred Savings Account
Low minimum opening deposit of $100
No minimum balance
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0.150% |
0.15% |
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Blue Valley Investment/Preferred Money Market Account
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$0 to $ 4,999.99 |
0.100% |
0.10% |
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$5,000.00 to $ 24,999.99 |
0.150% |
0.15% |
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$25,000.00 to $49,999.99 |
0.200% |
0.20% |
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$50,000.00 to $99,999.99 |
0.350% |
0.35% |
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$100,000.00 to $499,999.99 |
0.450% |
0.45% |
$500,000.00+
Low minimum balance of $1,000
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0.500% |
0.50% |
The above Transaction and Non-Transaction accounts are variable rate accounts and, as such, the interest rate and annual percentage yields are subject to change at any time after the account is opened. Interest accrues on the entire daily collected balance based on the variable tiered rates for all accounts, excluding the Performance Checking account. Fees may reduce the earnings on these accounts, excluding the Performance Checking account. |
CERTIFICATES OF DEPOSIT AND IRA INVESTMENTS
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30 - 59 Days |
0.200% |
0.20% |
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60 - 89 Days |
0.200% |
0.20% |
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90 - 181 Days |
0.200% |
0.20% |
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182 - 364 Days |
0.300% |
0.30% |
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12 - 17 Months |
0.495% |
0.50% |
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18 - 23 Months |
0.645% |
0.65% |
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24 - 35 Months |
0.795% |
0.80% |
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36 - 47 Months |
1.095% |
1.10% |
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48 - 59 Months |
1.340% |
1.35% |
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60 - 71 Months |
1.590% |
1.60% |
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VARIABLE RATE INVESTMENTS
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12 Months or Longer *
Effective 1.04.2012
*Rate may change after the account is opened.
|
0.015% |
0.015% |
Rates are subject to change at any time without prior notice. Any rate in effect at the time the account is opened will supersede any rate information on this rate sheet. A penalty may be imposed for early withdrawal. Unless otherwise specified, a Blue Valley CD requires a minimum balance of $500 to open. Interest is compounded and credited quarterly (or you may receive a monthly interest check). CDs are automatically renewable unless otherwise disclosed at the time the account is opened. |
ACCOUNT ANALYSIS EARNINGS CREDIT RATE
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Effective January 2012 |
0.35% |
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This rate is based on the 91-day Treasury Bill Auction Discount Rate and is subject to change at any time. |
NEGATIVE MONTHLY AVERAGE COLLECTED BALANCE PENALTY RATE
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Effective January 2012 |
7.25% |
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The rate is based upon the Wall Street Prime lending rate and is subject to change at any time.
ALL OFFERING RATES SUBJECT TO CHANGE WITHOUT NOTICE. TO OBTAIN CURRENT RATE INFORMATION, PLEASE CALL 913-338-HELP (4357).
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TRANSACTION ACCOUNT GUARANTEE PROGRAM
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Notice:
Bank of Blue Valley is participating in the FDIC’s Transaction Account Guarantee Program. Under that program, through December 31, 2010, all non-interest bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC’s general deposit insurance rules. |
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NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
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Notice:
All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules. The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts (“IOLTAs”). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts. For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov. |
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