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Our lobbies remain closed until further notice. Drive-ups remain open at both locations. Loan officers and personal bankers are available by appointment. Please contact us at 608-764-5411 or webgeneral@bankofdeerfield.com.

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Deposit Rates

Rates for Bank of Deerfield Deposit Accounts

Rates as of November 1, 2020.

Certificate of Deposit Specials¹ 

Term LengthMinimum to Open AccountMinimum Balance to Obtain APYInterest RateAnnual Percentage Yield
15 Month$2,500$2,5000.65%0.65%
39 Month$2,500$2,5000.75%0.75%
54 Month$2,500$2,5000.80%0.80%

¹ Substantial Penalty for Early Withdrawal 

 


Business Certificate of Deposit Special 

Term LengthMinimum DepositInterest Rate
15 Months$2,5000.65%
39 Months$2,5000.75%
54 Months$2,5000.80%

¹ Substantial Penalty for Early Withdrawal 


Certificate of Deposits & IRAs ¹ 

TermMinimum to Open AccountMinimum Balance to Obtain APYInterest RateAnnual Percentage Yield
90 Day ²$1,000$1,0000.15%0.15%
6 Month$500$5000.20%0.20%
12 Month$500$5000.30%0.30%
18 Month$500$5000.35%0.35%
2 Year$500$5000.50%0.50%
2 ½ Year$500$5000.50%0.50%
3 Year$500$5000.55%0.55%
Flex 3 Year³$500$5000.60%0.60%
4 Year$500$5000.75%0.75%
5 Year$500$5000.80%0.80%

¹ Substantial Penalty for Early Withdrawal 

² 90-day Certificate of Deposit is not available as an IRA 

³ Opportunity to increase your rate once during the three-year term


Checking Accounts¹ 

AccountMinimum to Open AccountBalance Requirement for InterestMinimum Balance to Obtain APYInterest RateAnnual Percentage Yield
Interest CheckingN/AN/A$0.010.05%0.05%
Easy Rewards Checking²$100.00

$0.01-$10,000.00

$10,000.01-over

Requirements Not Met³

$0.01

-

$0.01

1.00%

0.05%

0.05%

1.01%

1.01%- 0.06%

0.05%

¹This is a variable rate product. The interest rate and corresponding Annual Percentage Yield (APY) may vary after account is opened.  

²APY may vary depending on the balance in the account. Criteria requirements must be fulfilled each statement cycle in order to earn the higher interest rate and corresponding APY for balances of $10,000.00 or less; account must have e-statement, 16 debit card transactions that post and settle using Bank of Deerfield debit card, and 1 direct deposit that posts and settles in a statement cycle.

³Any one of the Easy Rewards criteria not met in each monthly statement cycle, the disclosed interest rate and APY will be paid on that entire balance 


Savings Accounts¹  

AccountMinimum to Open AccountBalance Requirement for InterestMinimum Balance to Obtain APYInterest RateAnnual Percentage Yield
Statement SavingsN/A$.01$0.010.05%0.05%
Christmas Club²'³$5.00$.01$0.010.05%0.05%
IRA Statement Savings$250.00$.01$250.000.10%0.10%
Health Savings Account⁴$0

$.01-$4,999.99

$5,000.00-Over

N/A

$5,000.00

0.10%

0.20

0.10%

0.20%

¹This is a variable rate product. The interest rate and corresponding Annual Percentage Yield (APY) may vary after account is opened. 

²Funds from the account including interest will be mailed in a check to account holder on October 15th of each year. If October 15, falls on a non-business day, the check will be mailed on next business day. 

³Any withdrawal from account must be entire balance, no deposits allowed until October 15th of current year. 

⁴Tiered Rate Accounts pay interest on the full balance of your account at the interest rate shown above for the deposit tier which lists your account balance. 


Money Market Accounts¹,² 

AccountMinimum to Open AccountBalance Requirement for InterestMinimum Balance to Obtain APYInterest RateAnnual Percentage Yield
Insured Money Market$2,500.00

$0.01-$4,999.99

$5,000.00-$24,999.99

$25,000 and over

$0.01

0.05%

0.10%

0.15%

0.05%

0.10%

0.15%

Advantage Money Market$10,000.00

$0.01-$9,999.99

$10,000-over

$0.01

0.05%

0.15%

0.05%

0.15%

¹This is a variable rate product. The interest rate and corresponding Annual Percentage Yield (APY) may vary after account is opened. 

² Tiered Rate Accounts pay interest on the full balance of your account at the interest rate shown above for the deposit tier which lists your account balance 


Additional Product information 

The Annual Percentage Yield (APY) shown above assumes that all principal and interest remains on deposit for the entire term.  A withdrawal and fees can reduce the earnings on the account.

Additional account disclosure information is provided in the “Terms and Conditions” handouts.  

For current interest rates and Annual Percentage Yield, please contact Bank of Deerfield at 608-764-5411.

NOTE: Rates are subject to change weekly.