INTEREST RATES

  • Current as of: August 1, 2018
  • 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

  • Early withdrawal penalties may apply. Fees will reduce earnings

 

Term   $1,000.00 minimum, max of $250,000.00    
15 months CD*   2.03% Rate   2.05% APY        
25 months CD*   2.23% Rate   2.25% APY        
                 

 

Smart Saver

Earn 1.85% APY on balances of $10,000.00 or more for the first 90 days!

You'll still earn a fantastic rate afterwards:

Balance First 90 Days (APY) After 90 Days (APY)
$0.01 - 9,999.99 0.05% .05%
$10,000.00 - 49,999.99         1.85%          1.00%
$50,000.00 - 99,999.99 1.85%  1.25%
$100,000.00 + 1.85%  1.50%

If you exceed 6 withdrawals per month, there will be a $5.00 fee for each additional withdrawal. If the current balance falls below $1,000.00 at any time, there will be a $10.00 monthly service charge.

Affinity Checking ****


Rate Term Rate APY Min. Bal.

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.

Companion Savings ***


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.

Interest 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.

Rewards Checking **


Rate Term Rate APY Min. Bal.

Statement Savings*


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.
 

APY = Annual Percentage Yield

  • *Quarterly Compounding   
    ** Effective for new accounts as of 1/4/18 Monthly Compounding 
    ***Can only get with Rewards Checking, 12 debit card transactions of $10.00 or more posted during statement cycle
    **** 12 debit card transactions of $10.00 or more posted during statement cycle. If the requirement is not met the base Rate and APY is 0.05%
  • Penalty for Early Withdrawal
  • Fees May Reduce Earnings
  • Member FDIC