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Great rates with a twist!
When you deposit your money at Franklin Bank, you partner
with us to invest in the urban community. Together, we can
truly make a difference.
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Franklin National Bank Rate
Sheet
Current Rates as of July 02, 2008
|
| Type of Deposit |
Minimum Deposit
To Open |
Interest Rate |
Annual Percentage Yield**** |
Minimum Available Balance to Obtain Annual Percentage
Yield* |
| Money Market Checking |
$500 |
0.15% |
0.15% |
< $2,500 |
| |
|
0.20% |
0.20% |
$2,500 to $9,999 |
| |
|
0.25% |
0.25% |
>= $10,000 |
| Premier Treasury Checking |
$5,000 |
0.25% |
0.25% |
< $5,000 |
| |
|
1.771% |
1.79% |
>= $5,000 |
| Basic Savings |
$200 |
0.20% |
0.20% |
$200 |
| Thrifty Savings |
$50 |
0.15% |
0.15% |
$200 average monthly balance |
| Money Market Savings |
$1,000 |
0.195% |
0.20% |
< $10,000 |
| |
|
0.242% |
0.25% |
$10,000 to $49,999 |
| |
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0.298% |
0.30% |
>= $50,000 |
| Franklin High Yield** |
$50,000 |
0.195% |
0.20% |
< $50,000 |
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0.395% |
0.40% |
$50,000 to $199,999 |
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0.593% |
0.60% |
$200,000 to $499,999 |
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1.771% |
1.79% |
>= $500,000 |
| Business Savings |
$200 |
0.20% |
0.20% |
$200 |
| Business Money Market |
$1,000 |
0.195 |
0.20% |
< $10,000 |
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0.242% |
0.25% |
$10,000 to $49,999 |
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0.298% |
0.30% |
>= $50,000 |
| Certificates of
Deposit*** |
| 3 Month |
$1,000 |
1.928% |
1.95% |
$1,000 |
| 6 Month |
$1,000 |
2.221% |
2.25% |
$1,000 |
| 1 Year & IRA |
$500 |
2.374% |
2.40% |
$500 |
| 2 Year & IRA |
$500 |
2.668% |
2.70% |
$500 |
| 3 Year & IRA |
$500 |
2.865% |
2.90% |
$500 |
| 25-Month Urban Partnership CD # |
$5000 |
2.865% |
2.90% |
$5000 |
| 36-Month Franklin Advantage CD + |
$5000 |
2.865% |
2.90% |
$5000 |
* Rate may change on all checking and savings accounts after the account is opened.
*Merchant Account Rates are Subject to Merchant Bankcard Approval.
*Available balance (the
amount of available principal in the account each day)
**Customer must maintain a
regular checking to be eligible for the High Yield Savings
Account
***Early withdrawal penalties may be imposed
****Fees may
reduce earnings on account
# Each Renewal Term of this COD will be 24
months beginning on the maturity date and the current rate for the 24 month
COD
+ May step up the rate one time during the original term. Each Renewal Term of this COD will be 36 months beginning on the maturity date at the current rate for 36 month COD |
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