digitally drawn female character holding a piggy 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.

Deposit Rates as of Tuesday, October 17, 2017

Ka-Ching! Savings Accounts2

Minimum Balance to open $0.00

Rate Type Interest Rate APY1
Tier I
Minimum Balance to earn APY
$50.00 - $2,499.99
0.10% 0.10%
Tier II
Minimum Balance to earn APY
$2,500.00 - $49,999.99
0.25% 0.25%
Tier III
Minimum Balance to earn APY
$50,000 - Over
0.40% 0.40%

Certificates of Deposit

Minimum Balance to open and earn APY $500.00

Rate Type Interest Rate APY1
3 Month Certificate
0.10% 0.10%
6 Month Certificate
0.15% 0.15%
9 Month Certificate
0.20% 0.20%
10 Month Certificate
1.00% 1.00%
12 Month Certificate
0.35% 0.35%
18 Month Certificate
0.50% 0.50%
24 Month Certificate
0.50% 0.50%
25 Month Bump Up Certificate*
1.74% 1.75%
30 Month Certificate
0.55% 0.55%
36 Month Certificate
1.04% 1.04%
48 Month Certificate
1.49% 1.50%
60 Month Certificate
1.64% 1.65%

IRA Accounts

Minimum Balance to open and earn APY $500.00

Rate Type Interest Rate APY1
3 Month Certificate
0.10% 0.10%
6 Month Certificate
0.15% 0.15%
9 Month Certificate
0.20% 0.20%
12 Month Certificate
0.35% 0.35%
18 Month Certificate
0.50% 0.50%
18 Month Variable Certificate
1.40% 1.41%
24 Month Certificate
0.50% 0.50%
30 Month Certificate
0.55% 0.55%
36 Month Certificate
1.04% 1.04%
48 Month Certificate
1.49% 1.50%
60 Month Certificate
1.64% 1.65%

Passbook & Statement Savings

Minimum Balance to open $50.00

Rate Type Interest Rate APY1
Tier I
Minimum Balance to earn APY
$50.00 -$2,499.99
0.05% 0.05%
Tier II
Minimum Balance to earn APY
$2,500.00 - $49,999.99
0.10% 0.10%
Tier III
Minimum Balance to earn APY
$50,000 - Over
0.20% 0.20%

Health Savings Account

Minimum Balance to open $0.00

Rate Type Interest Rate APY1
Tier I
Minimum Balance to earn APY
$50.00 -$999.99
0.05% 0.05%
Tier II
Minimum Balance to earn APY
$1,000.00 -$4,999.99
0.20% 0.20%
Tier III
Minimum Balance to earn APY
$5,000.00 and Over
0.25% 0.25%

Preferred Checking

Minimum Balance to open $50.00

Rate Type Interest Rate APY1
Tier I
Minimum Balance to earn APY
$50.00 -$999.99
0.02% 0.02%
Tier II
Minimum Balance to earn APY
$1,000.00 -$9,999.99
0.05% 0.05%
Tier III
Minimum Balance to earn APY
$10,000.00 and Over
0.08% 0.08%

Money Market Accounts

Minimum Balance to open $1,000.00

Rate Type Interest Rate APY1
Tier I
Minimum Balance to earn APY
$9,999.99 and under
0.05% 0.05%
Tier II
Minimum Balance to earn APY
$10,000.00 -$49,999.99
0.20% 0.20%
Tier III
Minimum Balance to earn APY
$50,000.00 -$249,999.99
0.30% 0.30%
Tier IV
Minimum Balance to earn APY
$250,000.00 and Over
0.35% 0.35%

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 non-PIN Debit MasterCard® transaction of more than $50.00 per statement cycle is required to be eligible for the Ka-Ching! Savings Account interest rate. The Ka-Ching! Savings Account interest rate may revert to the Statement Savings Account interest rate if the minimum transaction requirement is not met. 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.

*Must have a personal checking account with eStatements and at least one Direct Deposit per month. If eStatement and Direct Deposit qualifiers are not met within the first 30 business days of opening this CD account, it will revert to the current 24 month rate. No business or municipal accounts. One rate bump up during the term is allowed. At the time you exercise your bump up option to the then current 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. If you do not withdraw the funds from this CD account within the “grace period” of 7 calendar days after maturity, it will be automatically renewed, as of the Maturity Date, for a term of 24 months at the rate of interest we are then paying on CDs with a 24 month term. This bump up option may only be used one time and will not extend the term of the Certificate.

digitally drawn female character holding a piggy bank