Notice: In observance of Memorial Day, all SBSI locations will be closed Monday, May 27th, 2024. Normal business hours will resume Tuesday, May 28th, 2024.

Rates & Fees

Looking for the best way to grow your money? With competitive CD rates and savings account rates, you can rest assured that your money is in good hands

Certificates of Deposit

Effective as of 5/25/2024

Rates MaturityInterest RateAPY*
6 Month CD1.60%1.61%
7 Month CD New Money**4.89%5.00%
10 Month CD Special4.46%4.55%
12 Month CD2.20%2.22%
18 Month CD2.40%2.43%
24 Month CD3.00%3.04%
30 Month CD3.00%3.04%
36 Month CD3.00%3.04%
42 Month CD3.00%3.04%
48 Month CD3.00%3.04%
60 Month CD3.00%3.04%
84 Month CD3.00%3.04%

Interest rates are subject to change without notice. Substantial penalty for early withdrawal. Minimum deposit of $500 is required to open a CD. Fees may reduce earnings.

*Annual Percentage Yield.
**New Money for this special is considered any funds deposited between April 1st to May 24th for the first time, or funds that have not been on deposit at SBSI in the last 90 calendar days. 

Savings Accounts

Effective as of 5/25/2024

Mainely Preferred Savings AccountInterest RateAPY*
Less than $25,0000.35%0.35%
At least $25,000 but less than $50,0000.65%0.65%
At least $50,000 but less than $100,0000.85%0.85%
At least $100,000 but less than $250,0001.29%1.30%
At least $250,000 but less than $500,0001.64%1.65%
At least $500,000 but less than $750,0002.42%2.45%
$750,000 or more2.67%2.70%

Fees may reduce earnings on these Savings Accounts. Rates are subject to change after account opening.

*Annual Percentage Yield.

Youth Savings Account

Effective as of 5/25/2024

Balances**Interest RateAPY *
$0 to $5,000.991.45%1.46%
$5,001.00 or more0.45%0.45%

Fees may reduce earnings on these savings accounts.

Rates are subject to change after account opening.

*Annual Percentage Yield.

**Annual percentage yield for this tier will range from 0.45% to 1.46% depending on the balance in the account.

Checking Accounts

Effective as of 5/25/2024

AccountInterest RateAPY*
Mainely Now Account0.20%0.20%

Fees may reduce earnings on this account. Rates are subject to change after account opening.

*Annual Percentage Yield.

Looking for our fees? 

We are pleased to offer some of the lowest fees available. Find them here.