Current Rates

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Checking Accounts

Checking Accounts

Product TypeInterest Tier LevelsAPY2Interest Rate
Relationship Checking 1$10,000.00 - $49,999.99.05%.05%How to Open
$50,000.00 - $99,999.99.05%.05%How to Open
$100,000.00 and over.10%.10%How to Open

Deposit rates are effective as of November 27, 2018, and are subject to change.

DEPOSITS INSURED BY THE FDIC.

1
Fees may reduce earnings on these accounts. Variable rate accounts – rates may change after account is opened.
2
Annual Percentage Yield

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Savings Accounts

Savings Accounts

Product TypeAPY2Interest RateMin. Balance to earn interest
Statement Savings1.05%.05%$100.00HOW TO OPEN
Passbook Savings1.05%.05%$100.00HOW TO OPEN

Deposit rates are effective as of November 27, 2018, and are subject to change.

DEPOSITS INSURED BY THE FDIC.

1
Fees may reduce earnings on these accounts. Variable rate accounts - rates may change after account is opened.
2
APY - Annual Percentage Yield

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Indexed Money Market

Indexed Money Market

Interest Tier LevelsInterest Rate
$10,000 to $249,999.99Index minus 0.25%HOW TO OPEN
$250,000 and overIndexHOW TO OPEN

Deposit rates are effective as of November 27, 2018 and are subject to change.

DEPOSITS INSURED BY THE FDIC

 

New money only.  New money is defined as funds not currently on deposit with ESSA.

The index is the High End of the Federal Funds Rate Target as published in the Wall Street Journal as of the last business day of the previous month and will be effective on the first day of the current month.

Index rate on this account is capped at 3.0%.

1
Fees may reduce earnings. Variable rate account - rate may change after account is open. Minimum balance to earn interest is $10,000.

Money Market

Money Market

Interest Tier LevelsAPY2Interest Rate
$2,500 to $9,999.991.10%.10%HOW TO OPEN
$10,000 to $24,999.991.15%.15%HOW TO OPEN
$25,000 to $49,999.991.20%.20%HOW TO OPEN
$50,000 to $99,999.991.45%.45%HOW TO OPEN
$100,000 to $249,999.991.50%.50%HOW TO OPEN
$250,000 to 499,999.991.50%.50%HOW TO OPEN
$500,000 to $999,999.991.55%.55%HOW TO OPEN
$1,000,000.00 and over1.60%.60%HOW TO OPEN

Deposit rates are effective as of November 27, 2018, and are subject to change.

DEPOSITS INSURED BY THE FDIC.

1
Fees may reduce earnings. Variable rate account - rate may change after account is open. Minimum balance $2,500.
2
APY - Annual Percentage Yield

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Certificate of Deposit

Certificates of Deposit

CD TermAPY2Interest RateMinimum Balance
30 - Day Term.40%.40%$10,000.00HOW TO OPEN
91 - Day Term.50%.50%$1,000.00HOW TO OPEN
182 - Day Term.60%.60%$1,000.00HOW TO OPEN
9 - Month Term11.75%*1.74%$1,000.00HOW TO OPEN
12 - Month Term11.25%1.24%$1,000.00HOW TO OPEN
12 - Month Step-Up CD11.05%1.04%$1,000.00HOW TO OPEN
18 - Month Term11.35%1.34%$1,000.00HOW TO OPEN
24 - Month Term11.45%1.44%$1,000.00HOW TO OPEN
24- Month Term1-New Money32.50%2.48%$1,000.00HOW TO OPEN
24 - Month Step-Up CD11.25%1.24%$1,000.00HOW TO OPEN
30 - Month Term11.50%1.49%$1,000.00HOW TO OPEN
36 - Month Term11.55%1.54%$1,000.00HOW TO OPEN
36 - Month Step-Up CD11.35%1.34%$1,000.00HOW TO OPEN
48 - Month Term11.60%1.59%$1,000.00HOW TO OPEN
60 - Month Term11.90%1.89%$1,000.00HOW TO OPEN

Deposit rates are effective as of November 27, 2018 and are subject to change.

IRA Certificates of Deposit are available in terms of 12 to 60 months only and offer the same rates as ESSA’s regular CDs but have a $250.00 minimum deposit.

DEPOSITS INSURED BY THE FDIC.

All rates are subject to change and are stated as of the date listed above. If you would like current rate information, please call any ESSA office.

Substantial interest penalty may be required for early withdrawal on certificates of deposit.

*9-Month CD is a limited time offer subject to change without notice. New money only. New money is defined as funds not currently on deposit with ESSA. 

1
Compounded Quarterly
2
APY - Annual Percentage Yield
3
New money only.  New money is defined as funds not currently on deposit with ESSA

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Business Checking/Savings Accounts

Business Checking/Savings Accounts

Product TypeAPY2Interest RateMin. Balance to earn interest
Business Plus Checking1.10%.10%$1,000.00How to Open
Statement Savings3.05%.05%$100.00How to Open

Deposit rates are effective as of November 27, 2018, and are subject to change.

DEPOSITS INSURED BY THE FDIC.

1
Interest paid on collected balance
2
APY - Annual Percentage Yield
3
Fess may reduce earning on these accounts. Variable rate accounts- rates may change after account is opened.

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Indexed Money Market - Business

Indexed Money Market - Business

Interest Tier LevelsInterest Rate
$10,000-$249,999.991Index minus 0.25%HOW TO OPEN
$250,000 or more1IndexHOW TO OPEN

Deposit rates are effective as of November 27, 2018 and are subject to change.

DEPOSITS INSURED BY THE FDIC

New money only.  New money is defined as funds not currently on deposit with ESSA.

The index is the High End of the Federal Funds Rate Target as published in the Wall Street Journal as of the last business day of the previous month and will be effective on the first day of the current month.

Index rate on this account is capped at 3.0%.

1
Fees may reduce earnings. Variable rate account - rate may change after account is open. Minimum balance to earn interest is $10,000.

Business Money Market

Business Money Market

Interest Tier LevelsAPY2Interest Rate
$10,000 to $24,999.991.10%.10%HOW TO OPEN
$25,000 to $99,999.991.25%.25%HOW TO OPEN
$100,000 to $499,999.991.35%.35%HOW TO OPEN
$500,000 and over1.40%.40%HOW TO OPEN

Deposit rates are effective as of November 27, 2018, and are subject to change.

DEPOSITS INSURED BY THE FDIC.

1
Fees may reduce earnings. Variable rate account - rate may change after account is open. Minimum balance $10,000.
2
APY - Annual Percentage Yield

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