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Atlantic Coast
Bank makes it easy to open your account when it’s convenient for
you. Here are the accounts you can open right now from your
computer:
iKasasa Cash*
| Tier |
$0-$15,000.00 |
$15,000.00 + |
Non-qualifying Rewards |
| Annual Percentage Yield |
3.01% |
0.75% |
0.05% |
| Interest Rate |
2.97% |
0.75% |
0.05% |
| Compounded |
Monthly |
Monthly |
Monthly |
iKasasa Saver (Offered exclusively with Kasasa Cash account – they work together)*
| Tier |
$0-$100,000.00 |
$100,000.00 + |
Non-qualifying Rewards |
| Annual Percentage Yield |
1.26% |
0.75% |
0.05% |
| Interest Rate |
1.25% |
0.75% |
0.05% |
| Compounded |
Monthly |
Monthly |
Monthly |
iCertificates of Deposit**
| Term |
i6 Month |
i12 Month |
i24 Month |
i36 Month |
| Annual Percentage Yield |
1.10% |
1.60% |
2.40% |
2.85% |
| Interest Rate |
1.09% |
1.59% |
2.37% |
2.81% |
| Compounded |
Monthly |
Monthly |
Monthly |
Monthly |
iMoney Market Account - under $50K***
| Tier |
$.01-$2,499 |
$2,500-$9.999 |
$10,000-$24,999 |
$25,000-$49,999 |
| Annual Percentage Yield |
0.00% |
1.05% |
1.20% |
1.40% |
| Interest Rate |
0.00% |
1.04% |
1.19% |
1.39% |
| Compounded |
Monthly |
Monthly |
Monthly |
Monthly |
iMoney Market Account -over $50K***
| Tier |
$50,000-$74,999 |
$75,000-$99,999 |
$100,000+ |
| Annual Percentage Yield |
1.45% |
1.50% |
1.60% |
| Interest Rate |
1.44% |
1.49% |
1.59% |
| Compounded |
Monthly |
Monthly |
Monthly |
You can also signup for additional services for your new account, like eStatements.
*Annual Percentage Yield
(APY) accurate as of 08/01/2010 and are subject to change. Minimum
to open account is $100 for Kasasa Cash and $5 for Kasasa Saver.
Kasasa Cash rate tiers are as follows: 3.01% APY applies to
balances of $.01 - $15,000 and 0.75% APY applies to balances over
$15,000 as long as qualifications are met each statement cycle.
0.05% APY applies to all balances if qualifications are not met.
All balances will earn 3.01% - 0.75% on all balances as long as
qualifications are met. Kasasa Saver rate tiers are as
follows: 2.00% APY applies to balances of $.01 - $100,000 and 0.75%
APY applies to balances over $100,000 as long as qualifications are
met each statement cycle on Kasasa Cash account. 0.05% APY applies
to all balances if qualifications are not met on Kasasa Cash. All
balances will earn 1.26% - 0.75% as long as qualifications are
met. Fees may reduce earnings. Foreign ATM fee refunds
up to $25 per statement cycle. Each customer is limited to
only one Kasasa Cash and one Kasasa Saver account.
**CD interest rates are current as of 01/28/2010
and subject to change without notice. CD rates based on a
minimum initial deposit of and continued minimum balance of $1,000
and the rate applies to terms of 6 months to 3 years. The Annual
Percentage Yield (APY) assumes that all interest will remain on
deposit until maturity. Any withdrawal of interest or principal,
as well as the imposition of any fees, will reduce earnings.
Rates are fixed and will not change during the term of the CD.
The daily balance method is used to calculate interest. This
method applies daily periodic rates to the collected balance in
the account each day. Interest will be paid from the date of
the deposit up to, but not including, the date of withdrawal and
will be compounded monthly.
*** Money Market interest rates are current as of
01/28/2010. Rates are variable and may change at any time.
Interest is compounded and credited monthly. The daily
balance method is used to calculate interest. This method
applies daily periodic rates to the collected balance in the
account each day. Money Market rates based on a minimum
initial deposit of $2,500. A minimum daily balance of $2,500
is required to avoid a maintenance fee for the earning
period. If the minimum daily balance is not met, there will
be a maintenance fee of $12.00 per month. Excess Transaction
fee of $10.00 per withdrawal if more than six (6) per month or
after 3 withdrawals by check or draft.
Please contact Atlantic Coast Bank at 800.342.2824 for
additional information about applicable fees and terms.
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