Ben Franklin Bank
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Dividend rates and annual percentage yields are effective as of  September 11, 2020 and may change at any time. Account terms and conditions are available in our Deposit/Business Account Disclosures.
 

Personal Accounts

Certificate Accounts
Term Dividend Rate Annual Percentage Yield

6 Month

1,000 Minimum

10,000 Minimum

 

0.30%

0.35%

 

0.30%

0.35%

12 Month

1,000 Minimum

10,000 Minimum

 

0.40%

0.45%

 

0.40%

0.45%

24 Month

1,000 Minimum

10,000 Minimum

 

0.55%

0.60%

 

0.55%

0.60%

36 Month

1,000 Minimum

10,000 Minimum

 

0.75%

0.80%

 

0.75%

0.80%

*The minimum balance to open a certificate account is $1,000 unless otherwise stated. Certificate accounts are available as IRA accounts only for terms of one year and over.  We use the daily balance method to calculate the dividends on your account.  This method applies a daily periodic rate to the principal in the account each day.  We may impose a penalty if you withdraw any of the deposited funds before the maturity date of the Certificate.  Rates shown above are subject to change.  Fees may reduce earnings. 
 
Savings Accounts
Account Type Dividend Rate Annual Percentage Yield
*Passbook Savings 0.05% 0.05%
Statement Savings 0.05% 0.05%
Premier Plus Money Market .01-$9,999 = .10%
$10,000-$24,999 = .15%
$25,000-$49,999 = .20%
$50,000-$99,999 = .25%
$100,000 + = .30%
.01-$9,999 = .10%
$10,000-$24,999 = .15%
$25,000-$49,999 = .20%
$50,000-$99,999 = .25%
$100,000 + = .30%
 * Passbooks are no longer offered

Checking Accounts*
Account Type Dividend Rate Annual Percentage Yield
*Interest Checking 0.05% 0.05%
*Premier Checking .01-$4,999 = 0.05%
$5,000 -$14,999 = 0.05%
$15,000-$24,999 = .05%
$25,000-$49,999 = .10%
$50,000 and higher = 0.10%
.01-$4,999 = 0.05%
$5,000 -$14,999 = 0.05%
15,000-$24,999 = .05%
$25,000-$49,999 = 0.10%
$50,000 and higher = 0.10%
*Interest and Premier Checking Accounts will no longer be offered as of 09/10/20
 

Business Banking Accounts

Savings Accounts
Account Type Dividend Rate Annual Percentage Yield
Business Statement Savings 0.10% 0.10%
Business Money Market .01-$9,999 = .10%
$10,000-$24,999 = .10%
$25,000-$49,999 = .15%
$50,000-$99,999 = .15%
$100,000 and higher = .25%
.01-$9,999 = .10%
$10,000-$24,999 = .10%
$25,000-$49,999 = .15%
$50,000-$99,999 = .15%
$100,000 and higher = .25%
Checking Account
Account Type Dividend Rate Annual Percentage Yield
**Commercial Checking
(Subject to Analysis)
Earnings Credit
(Refer to Business Account Disclosure for Details)
N/A
**The 3-Month Treasury Bill Rate as of 08/03/20 is 0.10% 

 




 
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