INTEREST RATES

  • Current as of: December 1, 2017
  • These rates are subject to change at Andover Bank's discretion.
  • These rates are for balances up to $250,000.00. For larger amounts please contact us at 844.259.5473.

CD and IRA Specials

All CD and IRA specials require one of the following checking accounts: Max Checking, Max 50 Checking, or Bonus Checking

Term   $10,000 minimum, funds
not currently on deposit
| $1,000 minimum,
existing funds on deposit.
11 months CD*   1.24% Rate   1.25% APY | 0.90% Rate   0.90% APY
23 months CD*   1.49% Rate   1.50% APY | 1.15% Rate   1.15% APY
35 months CD*   1.74% Rate   1.75% APY | 1.39% Rate   1.40% APY

 

Rate Riser – 5 Year CD or IRA Promotion

Year Rate APY
Year 1 .50% .50%
Year 2 .75% .75%
Year 3 1.49% 1.50%
Year 4 2.23% 2.25%
Year 5 3.45% 3.51%

 

5-year average APY – 1.70%

Certificate of Deposit


Rate Term Rate APY Min. Bal.

Christmas Club


Rate Term Rate APY Min. Bal.

Commercial Interest Checking


Rate Term Rate APY Min. Bal.

Fixed Rate IRA Account


Rate Term Rate APY Min. Bal.

Health Savings Account


Rate Term Rate APY Min. Bal.

Max 50 Plus


Rate Term Rate APY Min. Bal.

Now Account Checking


Rate Term Rate APY Min. Bal.

Passbook Savings


Rate Term Rate APY Min. Bal.

Preferred Money Market Account


Rate Term Rate APY Min. Bal.

Variable Education IRA


Rate Term Rate APY Min. Bal.

Variable Rate IRA Account


Rate Term Rate APY Min. Bal.

For additional deposit products and rates, contact us at (440) 293-7605.
 
  • *Quarterly Compounding   ** Monthly Compounding, APY = Annual Percentage Yield
  • Penalty for Early Withdrawal
  • Fees May Reduce Earnings
  • Member FDIC