Great rates can be found at Ion 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.

Rates as of Saturday, December 04, 2021

Checking Accounts | Investment Accounts | Savings Accounts

Checking Accounts

Preferred Checking

Minimum Balance to open $50.00

Rate TypeMinimum Balance to earn APYInterest RateAPY1
Tier II$1,000.00 -$9,999.990.03%0.03%
Tier III$10,000.00 and Over0.05%0.05%

Investment Accounts

Certificates of Deposit

Minimum Balance to open and earn APY $500.00

Rate TypeInterest RateAPY1
3 Month Certificate0.05%0.05%
6 Month Certificate0.10%0.10%
9 Month Certificate0.10%0.10%
12 Month Certificate0.10%0.10%
18 Month Certificate0.10%0.10%
24 Month Certificate0.15%0.15%
28 Month Triple Option Certificate³0.30%0.30%
30 Month Certificate0.20%0.20%
36 Month Certificate0.20%0.20%
48 Month Certificate0.25%0.25%
60 Month Certificate0.30%0.30%

IRA Accounts

Minimum Balance to open and earn APY $500.00

Rate TypeInterest RateAPY1
3 Month Certificate0.05%0.05%
6 Month Certificate0.10%0.10%
9 Month Certificate0.10%0.10%
12 Month Certificate0.10%0.10%
18 Month Certificate0.10%0.10%
18 Month Variable Certificate⁴0.31%0.31%
24 Month Certificate0.15%0.15%
30 Month Certificate0.20%0.20%
36 Month Certificate0.20%0.20%
48 Month Certificate0.25%0.25%
60 Month Certificate0.30%0.30%

Savings Accounts

Ka-Ching! Savings Account²

Minimum Balance to open $0.00

Rate TypeMinimum Balance to earn APYInterest RateAPY1
Tier I$50.00 – $2,499.990.05%0.05%
Tier II$2,500.00 – $49,999.990.08%0.08%
Tier III$50,000 – Over0.10%0.10%

Passbook Savings

Minimum Balance to open $50.00

Rate TypeMinimum Balance to earn APYInterest RateAPY1
Tier I$50.00 -$2,499.990.02%0.02%
Tier II$2,500.00 – $49,999.990.03%0.03%
Tier III$50,000 – Over0.05%0.05%

Statement Savings

Minimum Balance to open $50.00

Rate TypeMinimum Balance to earn APYInterest RateAPY1
Tier I$50.00 -$2,499.990.02%0.02%
Tier II$2,500.00 – $49,999.990.03%0.03%
Tier III$50,000 – Over0.05%0.05%

Health Savings Account

Minimum Balance to open $0.00

Rate TypeMinimum Balance to earn APYInterest RateAPY1
Tier I$50.00 -$999.990.02%0.02%
Tier II$1,000.00 -$4,999.990.03%0.03%
Tier III$5,000.00 and Over0.05%0.05%

Money Market Account

Minimum Balance to open $1,000.00

Rate TypeMinimum Balance to earn APYInterest RateAPY1
Tier I$9,999.99 and under0.02%0.02%
Tier II$10,000.00 -$49,999.990.08%0.08%
Tier III$50,000.00 -$249,999.990.08%0.08%
Tier IV$250,000.00 and Over0.10%0.10%

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 Ion Bank Debit MasterCard® purchase of more than $50.00 per statement cycle is required to be eligible for the Ka-Ching! Savings Account interest rate, otherwise the interest rate may revert to the Statement Savings Account interest rate. 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.

3One rate bump-up during the term. At the time you exercise your bump-up option to the then current standard 28 month certificate rate you will receive a new rate of interest. The new rate is paid from the date you exercise the bump-up option to the maturity date. One time ability to withdraw 50% of the principal during the term without penalty. One time ability to add to the principal an amount up to or equal to the original principal. Each option may only be used one time and will not extend the term of the certificate. Maximum allowed deposit is $250,000. No business or municipal accounts.

4The interest rate and annual percentage yield on your 18 month variable rate IRA may change. We may change the interest rate on your account monthly. If such change is made, it will be effective on the first Tuesday of each month, or, in the event of a holiday, on the first business day immediately following the first Tuesday. The new interest rate on your account is based on the previous month’s average auction rate for the six-month treasury bill plus a margin of .25 percentage points.   You may make later deposits to your 18 month variable IRA in amounts of $5.00 or more. However, we may charge a penalty of 7 days interest on any withdrawal made within 7 days of a deposit.

*Maximum allowed deposit is $250,000.