Current Rates

Find rates for checking accounts, savings accounts, certificates of deposit (CDs), and mortgages. Rate information is as current as possible, but rates may vary. To speak with your local banker, please see the Location Directory for contact information.

Independent Bank is rated five stars on the Safe and Sound® scale by Bankrate.com. The site ranks the relative strength and stability of U.S. banks based on over 20 tests administered quarterly, and our excellent score should make you feel safe banking with us.                        

Checking Accounts

Interest Tier Information

Rate

APY

Classic Checking

N/A

N/A

N/A

Custom Checking

N/A

0.01%

0.01%

Complete Checking

$50,000 & Over

0.15%

0.15%

$10,000 to $49,999

0.10%

0.10%

$2,500 to $9,999

0.01%

0.01%

$0 to $2,499

0.01%

0.01%

Veterans Checking

N/A

0.01%

0.01%

  • Interest: Rates and annual percentage yield (APY) are accurate as of September 17, 2014. Interest begins to accrue no later than the business day the bank receives credit for the deposit of non-cash items (e.g., checks). Interest is calculated on a daily balance method. This method applies a daily periodic rate to the principal in the account each day. Interest will be compounded monthly and will be paid to the account monthly. Annual percentage yield (APY) based on monthly cycle. The minimum balance to earn interest is $0.01. All interest-bearing checking accounts are variable rate accounts. Rates are subject to change at any time without prior notice.
  • Transaction Limitations: No transaction limitations apply.
  • Processing Order: All credit transactions are processed first. Debits, or withdrawals, from your account will be processed as follows: electronic items such as ATM and Preauthorized transactions, then checks. The items are processed in order received and appropriate time and/or serial number order within each category. Items that cannot be determined "in order received" will be processed in a high to low order. Exceptions may apply.
  • Minimum Balance Requirements: Refer to the fee schedule for minimum balance information and/or service charges, if applicable.

Savings Accounts

Interest Tier Information

Rate

APY

Eagle Savings

NA

0.10%

0.10%

Swift! Savings

NA

0.10%

0.10%

Holiday Savers

NA

0.10%

0.10%

Money Market Account

$5,000 & Over

0.15%

0.15%

$1,000 to $4,999

0.15%

0.15%

$0 to $999

0.15%

0.15%

Excel Money Market Account

$100,000 & Over

0.20%

0.20%

$50,000 to $99,999

0.20%

0.20%

$25,000 to $49,999

0.15%

0.15%

$10,000 to $24,999

0.15%

0.15%

$0 to $9,999

0.00%

0.00%

Health Savings Account

$10,000 & Over

0.15%

0.15%

$2,500 to $9,999

0.15%

0.15%

$1,000 to $2,499

0.10%

0.10%

$0 to $999

0.05%

0.05%

  • Interest: Rates and annual percentage yield (APY) are accurate as of September 17, 2014. Interest begins to accrue no later than the business day the bank receives credit for the deposit of non-cash items (e.g., checks). Interest is calculated on a daily balance method. This method applies a daily periodic rate to the principal in the account each day. Interest will be compounded monthly and will be paid to the account monthly. Annual percentage yield (APY) based on monthly cycle. The minimum balance to earn interest is $0.01. All interest-bearing checking accounts are variable rate accounts. Rates are subject to change at any time without prior notice.
  • Transaction Limitations: Teller and ATM transactions are unlimited. Preauthorized, automatic, or telephone transfers to another account and/or third parties are limited to six per monthly cycle with no transfers by check, draft, debit card or similar order. An excess transaction fee will be assessed each month the transaction limitations are exceeded. If you continue to exceed these transaction limitations, the Bank may close your account and transfer the funds to another deposit account type selected by the Bank for which you are eligible. Refer to the fee schedule for excess transaction fee.
  • Processing Order: All credit transactions are processed first. Debits, or withdrawals, from your account will be processed as follows: electronic items such as ATM and Preauthorized transactions, then checks. The items are processed in order received and appropriate time and/or serial number order within each category. Items that cannot be determined "in order received" will be processed in a high to low order. Exceptions may apply.
  • Minimum Balance Requirements: Refer to the fee schedule for minimum balance information and/or service charges, if applicable.

Certificate of deposit (CD)

Interest Tier Information

Rate

APY

6-Month CD

$500 minimum

0.20%

0.20%

12-Month CD

$500 minimum

0.35%

0.35%

24-Month CD

$500 minimum

0.70%

0.70%

5-Month CD Special

$1,000 minimum

0.32%

0.32%

15-Month CD Special

$1,000 minimum

0.53%

0.53%

  • Interest: Rates and annual percentage yield (APY) are accurate as of September 17, 2014. Interest begins to accrue no later than the business day the bank receives credit for the deposit of non-cash items (e.g., checks). Interest is calculated on a daily balance method. This method applies a daily periodic rate to the principal in the account each day. Interest will be compounded monthly and will be paid to the account monthly. Annual percentage yield (APY) based on monthly cycle. The minimum balance to earn interest is $0.01. All interest-bearing checking accounts are variable rate accounts. Rates are subject to change at any time without prior notice.
  • Transaction Limitations: Deposits into or withdrawals from the account are not eligible until the maturity date. Penalty for early withdraw may be imposed.
  • Additional CD Information:
    - Early withdrawal penalty:
    A fee may be imposed if any of the principal is withdrawn before the maturity date. The fee imposed is based on the term of the certificate of deposit. If the account has an original maturity of one year or less, the fee will equal three months interest on the amount withdrawn. If the account has an original maturity of more than one year, the fee will equal six months interest on the amount withdrawn.
    - Renewal policies: The CD account will automatically renew at maturity. Customers will have a grace period of 10 calendar days after the maturity date to withdraw the funds in the account without being charged an early withdrawal penalty.
    - CD Special: Requires an Independent Bank checking account. These rates only apply to personal CDs.

Mortgages

Rate

APR

Points

30-Year Fixed

4.250%

4.356%

0.250%

15-Year Fixed

3.375%

3.577%

0.375%

5/1 Adjustable

3.125%

3.225%

0.250%

1/1 ARM Const-Perm

2.99%

3.118%

0.000%

  • Rates as of September 18, 2014 and are subject to change without notice.
  • Normal credit standards and restrictions apply.
  • 30-Year Fixed: 0.25% point for a monthly payment of $726.98 at rate of 4.125% and an assumed loan amount of $150,000. Actual payment obligations with taxes and insurance will be greater.
  • 15-Year Fixed: 0.25% point for a monthly payment of $1,054.01 at rate of 3.250% and an assumed loan amount of $150,000. Actual payment obligations with taxes and insurance will be greater.
  • All monthly payment examples assume 20% down payment including principal and interest expense.
  • Maximum seller contribution of 3%.
  • Annual Percentage Rates for adjustable rate (ARM) products are subject to increase or decrease.
  • Actual interest rates and APRs may vary based on credit history, loan amount and other transaction parameters.
  • Assumes auto pay or online bill pay through an Independent Bank checking account.
  • Taxes and insurance are not included in the payments but are required.
  • Discount and Origination points are included in 'Points.'
  • The interest rate and monthly payment examples assume primary residence and that the customer selects an escrow account for taxes and insurance with lender.

Personal Loans

Independent Bank has financing available to meet a variety of needs including cars, RVs and more. To speak with your local banker, please see the Location Directory for contact information. To view rates, see the tables below.

You are eligible for up to a 0.50 percent discount when you sign up for auto-pay through your Independent Bank checking or savings account.

Max Terms

Current Rate w/Autopay

APR

New Vehicle*

60 months

2.49%

2.632%

Used Vehicle*

48 months

2.49%

2.957%

Large RV*

120 months

2.99%

3.094%

  • *Rates listed are available for borrowers with a 750 or greater credit score. Standard processing fee of $175.00. Rate includes discount for auto-pay from Independent Bank checking/savings account. Rates as of October 24, 2013, and are subject to change without notice. Actual interest rates and APRs may vary based on credit history, loan amount and other transaction parameters. Note regarding vehicle loans: Rates also vary by amount of loan and age of model.
  • +Second Mortgage: 5 year fixed rate for a monthly payment of $273.18 at a rate of 3.4900% and an assumed loan amount of $15,000.00. Payment assumed a Combined Loan to Value of 80.00% or less. Maximum Loan to Value is 90%. Actual payment obligations with taxes and insurance will be greater. Taxes and insurance are not included in the payments but are required.
  • For additional information about rates and terms, please contact your local banker.

Additional Information

* Rates listed are available for borrowers with a 750 or greater credit score. Borrowers with a lower credit score may qualify for other competitive rates. Standard processing fee of $175.00. Rate includes discount for autopay from Independent Bank checking/savings account. Note regarding vehicle/RV loans: Rates also vary by amount of loan and age of model. For additional information about rates and terms, please contact your local banker.