Business Rates › First Sound Bank

Deposit interest rates & annual percentage yields (APYs)

Rates Effective October 15, 2024

Checking deposit accounts

Account	Rate	APY*
Sound Preferred Checking ($100 Minimum opening deposit. $100 Minimum daily balance required to avoid minimum balance fee)	0.05%	0.05%
Sound Business Interest Checking	0.15%	0.15%
IOLTA / RETA Interest Checking	0.10%	0.10%
Business Earnings Credit Rate	1.00%	N/A

Sound Premier Checking****

(minimum opening deposit $1,000)

Account Tiers	Rate	APY*
$0 - $2,499	0.20%	0.20%
$2,500 - $24,999	0.20%	0.20%
$25,000 - $49,999	0.20%	0.20%
$50,000 - $99,999	0.20%	0.20%
$100,000 +	0.20%	0.20%

Money market savings

Sound Money Market Personal ***

Account Tiers	Rate	APY*
$0 - $24,999	1.99%	2.01%
$25,000 - $49,999	1.99%	2.01%
$50,000 - $999,999	1.99%	2.01%
$1,000,000 +	1.99%	2.01%

Sound Money Market Business ****

Account Tiers	Rate	APY*
$0 - $24,999	1.99%	2.01%
$25,000 - $49,999	1.99%	2.01%
$50,000 - $999,999	1.99%	2.01%
$1,000,000 +	1.99%	2.01%

Certificate of Deposit (under $100,000)**

CD Description	Rate	APY*
6 Month	3.38%	3.43%
12 Month	3.93%	4.00%
18 Month	2.87%	2.91%
24 Month	2.82%	2.86%
30 Month	2.46%	2.49%
36 Month	2.36%	2.39%
48 Month	2.27%	2.29%

Jumbo Certificate of Deposit ($100,000 and greater)

CD Description	Rate	APY*
6 Month	4.02%	4.10%
12 Month	3.93%	4.00%
18 Month +	3.02%	3.06%

Business Certificate of Deposit (under $100,000)**

CD Description	Rate	APY*
6 Month	3.38%	3.43%
12 Month +	3.93%	4.00%

Business Certificate of Deposit ($100,000 and greater)

CD Description	Rate	APY*
6 Month	3.38%	3.43%
12 Month +	3.93%	4.00%

*APY (Annual Percentage Yield) assumes interest remains on deposit until maturity. Account fees or withdrawal of interest prior to maturity may reduce earnings. “Rate” refers to the stated Interest Rate for the Account Types listed.

**$1,000 minimum opening deposit required on Personal Certificates of Deposit

**$5,000 minimum opening deposit required on Business Certificates of Deposit

***$100 minimum opening deposit required on Personal and Business Money Market Accounts

***$250 minimum daily balance required on Personal Money Market Accounts to avoid minimum balance fee

***$1,000 minimum daily balance required on Business Money Market Accounts to avoid minimum balance fee

****$1,000 minimum daily balance required to avoid minimum balance fee

Interest Rates on Checking and Money Market Deposit Accounts may change after account opening.

A penalty for early withdrawal may be imposed.

Additional information may be found in specific account disclosures.