Armed Forces Benefit Association

 
 
   

5Star Bank

( As of 10/9/2008 )
Account Type

 

 

 Minimum Deposit to Open Account

 

 Minimum Balance to Receive Quoted APY* Minimum Balance to Avoid Service Charge** Interest Rate

 

 

 Annual
Percentage Yield

 
Freedom NOW Checking $50 $1,000 $750 0.249% 0.250%
Money Market:
$1000-49,999 $1,000 $1,000 $1,000 1.590% 1.600%
$50,000-99,999 $1,000 $50,000 $1,000 1.830% 1.850%
$100,000-250,000 $1,000 $100,000 $1,000 2.030% 2.050%
$250,000 & higher $1,000 $250,000 $1,000 2.230% 2.250%
Basic Savings $100 $0 $100 1.149% 1.150%
6 Month CD:
$1,000-24,999 $1,000 $1,000 N/A 2.320% 2.350%
$25,000 & higher $1,000 $25,000 N/A 2.470% 2.500%
1 Year CD/IRA $1,000 $1,000 N/A 2.710% 2.750%
18 Month CD/IRA $1,000 $1,000 N/A 2.710% 2.750%
2 Year CD/IRA $1,000 $1,000 N/A 2.760% 2.800%
2 ½ Year CD/IRA $1,000 $1,000 N/A 2.810% 2.850%
5 Year CD/IRA $1,000 $1,000 N/A 3.050% 3.100%
24 Mo. Variable IRA $250 $250 N/A 1.470% 1.480%
36 Mo. Variable IRA $250 $250 N/A 1.690% 1.700%
60 Mo. Variable IRA $250 $250 N/A 2.450% 2.480%
 

 

          

 

*Interest is calculated using the daily balance method which applies the daily periodic rate to the full amount of the principal (collected balance) in the account each day. Fees could reduce earnings on deposit accounts. For time deposit accounts, a substantial penalty may be imposed for early withdrawal of principal.

 
**The service charge is assessed on the average daily balance in the account which is calculated by adding the full amount of the principal (current balance) in the account for each day of the month and dividing that figure by the number of days in the month.
 

***Applies to fixed rate IRA's also.
Note: All rates are variable except for CD's and fixed rate IRA's. For variable rate accounts, rates are subject to change after the account is opened at the Bank's discretion. Variable IRA rates are subject to change monthly, and are indexed to Treasury Securities with matching maturities as published in the Wall Street Journal the second Thursday of each month.

 
Risk Based Capital Ratio as of 6/30/2008 35.620%
Total Assets as of 6/30/2008 $152 Million
Veribanc Rating 'Three Stars' (highest rating)
Bauer Financial Reports 'Five Stars' (highest rating)
Prime Rate 4.500%
Cash Reserve APR (Variable Monthly) 12.500% 

CALL US TOLL FREE AT:  1-800-776-(BANK) 2265

 

 

 

Federal Deposit Insurance Corporation

 

© 2005, 5Star Bank