Deposit Rates

APY (Annual Percentage Yield) effective 05/21/25 are subject to change without notice.

CDs (Certificates of Deposit)

Term
Minimum Balance
to Open
Minimum Balance to Obtain
Annual Percentage Yield (APY)
Annual Percentage
Yield (APY)
Rate
91-day
Open Account


$1,000
$1,0001.00%1.00%
182-day
Open Account


$1,000$1,0001.50%1.49%
9-Month Open Account


$2,500$2,5004.00%3.98%
12-month**
Open Account
$1,000$1,0002.50%2.47%
15 month
Open Account


$2,500$2,5004.00%3.93%
18-month
Open Account
$2,500$2,5002.50%2.47%
24-month
Open Account
$2,500$2,5002.50%2.47%
36-month
Open Account
$2,500$2,5003.00%2.96%
48-month
Open Account
$2,500$2,5003.25%3.20%
60-month
Open Account
$2,500$2,5003.50%3.45%
120-month
Open Account
$2,500$2,5004.00%3.93%

Penalty for early withdrawal from CDs. Fees may reduce earnings.
Early withdrawals from CDs are subject to the following penalties:
Maturities of less than 12 months, loss of 3 months interest.
Maturities of 12-35 months, loss of 9 months interest.
Maturities of 36 – 60 months, loss of 12 months interest.
Maturities of 120 months, loss of 24 months interest

**12 Month IRA CD – customers can add funds anytime

IRAs

TermMinimum Balance
to Open
Minimum Balance to Obtain
Annual Percentage Yield (APY)
Annual Percentage
Yield (APY)
Rate
182-day$500$5001.50%1.49%
9-month*$500$5004.00%3.98%
12-month**$100$1002.50%2.47%
15-month$500 $500 4.00%3.93%
18-month$500$5002.50%2.47%
24-month$500$5002.50%2.47%
36-month$500$5003.00%2.96%
48-month$500$5003.25%3.20%
60-month$500$5003.50%3.45%

* New Money Only.

**12 Month IRA CD – customers can add funds anytime

Penalty for early withdrawal from CDs. Fees may reduce earnings.
Early withdrawals from IRAs are subject to the following penalties:
Maturities of less than 12 months, loss of 3 months interest.
Maturities of 12-35 months, loss of 9 months interest.
Maturities of 36 months & over, loss of 12 months interest.

Money Market Accounts

ProductMinimum Balance
to Open
Minimum Balance to Obtain
Annual Percentage Yield (APY)
Annual Percentage
Yield (APY)*
Rate
Advantage Money Market$10,000$100,000+1.50%1.49%
$10,000 - $99,999.990.50%0.50%
$0 - $9,999.990.05%0.05%
Business Premium Money Market Plus$10,000$100,000+2.25%2.23%
$10,000-$99,999.990.75%0.75%
$0-$9,999.990.10%0.10%

*APY (Annual Percentage Yield) Compounding and crediting: Interest is compounded monthly and credited monthly. If you close your money market account before interest is credited you will
receive the accrued interest. Balance computation method: Daily balance method interest begins to accrue on day of deposit. Your interest rate and APY are subject to change at anytime
without notice. Fees may reduce earnings.

Savings Accounts

ProductMinimum Balance
to Open
Minimum Balance to Obtain
Annual Percentage Yield (APY)
Annual Percentage
Yield (APY)*
Rate
Statement Savings
Open Account
$100$1000.50%0.50%

*APY (Annual Percentage Yield) Compounding and crediting: Interest is compounded monthly and credited monthly. If you close your savings account before interest is credited you will receive the accrued interest. Balance computation method: Daily balance method interest begins to accrue on day of deposit. Your interest rate and APY are subject to change at anytime without notice. Fees may reduce earnings.

Checking Accounts

ProductMinimum Balance
to Open
Minimum Balance to Obtain
Annual Percentage Yield (APY)
Annual Percentage
Yield (APY)*
Rate
Magyar Interest Checking$100$10,000+0.10%0.10%
$1,000 - $9,999.990.05%0.05%
Premium Checking$100$50,000+1.00%1.00%
$10,000 - $49,999.990.50%0.50%
$0 - $9,999.990.05%0.05%
Non-Profit Checking with Interest$100$1,0000.15%0.15%
Sole Proprietary$100$1,0000.05%0.05%

*APY (Annual Percentage Yield) Compounding and crediting: Interest is compounded monthly and credited monthly. If you close your checking account before interest is credited you will not receive the accrued interest. Balance computation method: Daily balance method interest begins to accrue on day of deposit. Your interest rate and APY are subject to change at any time without notice. Fees may reduce earnings.

Visit any Magyar Bank location, call 1-888-990-BANK or complete our contact form for more information and to open your account.