Hanover Community Bank is offering a great 1.15% APY Rate for New York residents whenever customers open a Statement Savings Account! There is a low minimum deposit of $100 for the account and the low minimum balance required to earn the APY rate is $0.01! As long as the account doesn’t reach over the maximum balance of $600,000.99, customer will benefit from the great APY rate. Customers will also enjoy many great products the bank has to offer such as Certificates of Deposits, Checking Products, Money Market Accounts, Savings Products, and many more! Find your nearest local branch to get started today!
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Hanover Community Bank Savings Account Summary:
- Apply Now
- Account Type: Statement Savings
- Rate: 1.15% APY
- Availability: NY (Branch Locator)
- Expiration Date: None
- Soft/Hard Pull: Soft Pull or Hard Pull? Let us know
- Direct Deposit Requirement: None
- Additional Requirements: See Below
- Avoid Monthly Fee: None
- Early Termination Fee: None
Hanover Community Bank Savings Account Requirements:
- Open a new Statement Savings Account with a minimum $100 opening deposit.
- Maintain a minimum balance of $0.01 and a maximum balance of $600,000.99 to earn the 1.15% APY rate.
- Rates are subject to change.
Hanover Community Bank Savings Fine Print:
- The Annual Percentage Yield (APY) is accurate as of the date 08/17/2017, and is subject to change without notice.
- Minimum opening deposit for each account is $100.00. This is a blended rate tiered account.
- Balances over $0.01 to $600,000.99 earn 1.15% APY.
- Balances greater than $600,001.00 earn 0.00% APY. Fees could reduce earnings.
- Interest rate information is presented for existing customers.
- The Bank is currently not accepting any new accounts.
- This is a variable rate product and the rate may be changed after the account is opened.
Conclusion:
Hanover Community Bank is offering a great rate on their statement savings account for New York residents and the requirements are easily attainable. The low minimum opening deposit of $100 is all you need to open the account and the minimum balance needed to earn the 1.15% APY rate is just $0.01! Keep in mind that the account must not reach $600,001 or else the APY rate goes down to 0.00%. However, if you’re not interested in this offer check out our Best Bank Rates for savings accounts and more!
