Great rates can be found at Ion Bank.
From Savings, Checking and Money Market accounts to Certificates of Deposit and IRAs, a great rate can be found at Ion Bank. Don’t spend time shopping around. Instead, find optimal interest for all of your savings or investment needs. Interest rate and APY1 are based on tier or term.
Rates as of Sunday, April 28, 2024
Checking Accounts | Investment Accounts | Savings Accounts
Checking Accounts
Preferred Checking
Minimum Balance to open $50.00
| Rate Type | Minimum Balance to earn APY | Interest Rate | APY1 |
|---|---|---|---|
| Tier II | $1,000.00 -$9,999.99 | 0.03% | 0.03% |
| Tier III | $10,000.00 and Over | 0.05% | 0.05% |
Investment Accounts
Certificates of Deposit
Minimum Balance to open and earn APY $500.00
| Rate Type | Interest Rate | APY1 |
|---|---|---|
| 3 Month Certificate | 0.05% | 0.05% |
| 6 Month Certificate | 0.10% | 0.10% |
| 8 Month Certificate | 0.25% | 0.25% |
| 10 Month Certificate⁴ | 0.10% | 0.10% |
| 12 Month Certificate | 0.10% | 0.10% |
| 18 Month Certificate | 0.10% | 0.10% |
| 24 Month Certificate | 0.15% | 0.15% |
| 25 Month Certificate Bump Up³ | 0.40% | 0.40% |
| 30 Month Certificate | 0.20% | 0.20% |
| 36 Month Certificate | 0.20% | 0.20% |
| 48 Month Certificate | 0.25% | 0.25% |
| 60 Month Certificate | 0.30% | 0.30% |
IRA Accounts
Minimum Balance to open and earn APY $500.00
| Rate Type | Interest Rate | APY1 |
|---|---|---|
| 3 Month Certificate | 0.05% | 0.05% |
| 6 Month Certificate | 0.10% | 0.10% |
| 8 Month Certificate | 0.25% | 0.25% |
| 9 Month Certificate | 0.10% | 0.10% |
| 12 Month Certificate | 0.10% | 0.10% |
| 18 Month Certificate | 0.10% | 0.10% |
| 18 Month Variable Certificate⁴ | 3.00% | 3.04% |
| 24 Month Certificate | 0.15% | 0.15% |
| 30 Month Certificate | 0.20% | 0.20% |
| 36 Month Certificate | 0.20% | 0.20% |
| 48 Month Certificate | 0.25% | 0.25% |
| 60 Month Certificate | 0.30% | 0.30% |
Savings Accounts
Ka-Ching! Savings Account²
Minimum Balance to open $0.00
| Rate Type | Minimum Balance to earn APY | Interest Rate | APY1 |
|---|---|---|---|
| Tier I | $50.00 – $2,499.99 | 0.05% | 0.05% |
| Tier II | $2,500.00 – $49,999.99 | 0.08% | 0.08% |
| Tier III | $50,000 – Over | 0.10% | 0.10% |
Passbook Savings
Minimum Balance to open $50.00
| Rate Type | Minimum Balance to earn APY | Interest Rate | APY1 |
|---|---|---|---|
| Tier I | $50.00 -$2,499.99 | 0.02% | 0.02% |
| Tier II | $2,500.00 – $49,999.99 | 0.03% | 0.03% |
| Tier III | $50,000 – Over | 0.05% | 0.05% |
Statement Savings
Minimum Balance to open $50.00
| Rate Type | Minimum Balance to earn APY | Interest Rate | APY1 |
|---|---|---|---|
| Tier I | $50.00 -$2,499.99 | 0.02% | 0.02% |
| Tier II | $2,500.00 – $49,999.99 | 0.03% | 0.03% |
| Tier III | $50,000 – Over | 0.05% | 0.05% |
Health Savings Account
Minimum Balance to open $0.00
| Rate Type | Minimum Balance to earn APY | Interest Rate | APY1 |
|---|---|---|---|
| Tier I | $50.00 -$999.99 | 0.02% | 0.02% |
| Tier II | $1,000.00 -$4,999.99 | 0.03% | 0.03% |
| Tier III | $5,000.00 and Over | 0.05% | 0.05% |
Money Market Account
Minimum Balance to open $1,000.00
| Rate Type | Minimum Balance to earn APY | Interest Rate | APY1 |
|---|---|---|---|
| Tier I | $9,999.99 and under | 0.02% | 0.02% |
| Tier II | $10,000.00 -$49,999.99 | 0.08% | 0.08% |
| Tier III | $50,000.00 -$249,999.99 | 0.08% | 0.08% |
| Tier IV | $250,000.00 and Over | 0.10% | 0.10% |
1 Any annual percentage yields (APY) provided above assumes interest will remain on deposit until maturity or for one year for accounts with maturities of less than one year. Interest will be compounded and credited monthly. Withdrawals and fees could reduce earnings on an account. Certificates of Deposit and IRA accounts may have a penalty imposed for early withdrawal. Rates are subject to change without notice. Interest rates on variable rate accounts may change after the account is opened. Account disclosures provided at the time an account is opened will provide additional information.
2 Minimum of one Ion Bank Debit MasterCard® purchase of more than $50.00 per statement cycle is required to be eligible for the Ka-Ching! Savings Account interest rate, otherwise the interest rate may revert to the Statement Savings Account interest rate. Requires an Ion Bank Personal Checking Account and valid Ion Bank Debit MasterCard. Health Savings Accounts, Money Market accounts and Business accounts are not eligible to participate.
3One rate bump-up during the term. At the time you exercise your bump-up option to the then current standard 24 month certificate rate you will receive a new disclosure indicating the new rate of interest. The new rate is paid from the date you exercise the bump-up option to the maturity date. This option may only be used one time and will not extend the term of the certificate. No business or municipal accounts. Maximum allowed deposit is $250,000.00.
4The interest rate and annual percentage yield on your 18 month variable rate IRA may change. We may change the interest rate on your account monthly. If such change is made, it will be effective on the first Tuesday of each month, or, in the event of a holiday, on the first business day immediately following the first Tuesday. The new interest rate on your account is based on the previous month’s average auction rate for the six-month treasury bill plus a margin of .25 percentage points. You may make later deposits to your 18 month variable IRA in amounts of $5.00 or more. However, we may charge a penalty of 7 days interest on any withdrawal made within 7 days of a deposit.
*Maximum allowed deposit is $250,000.