At Kern Schools, our goal is to offer a respectable dividend earnings all while giving you access to funds as needed.

Business Savings Products

Business Share Savings

Rates current as of August 9, 2019
ALL RATES, TERMS AND CONDITIONS SUBJECT TO CHANGE

Average Daily Balances of: Minimum Opening Deposit Dividend Rate Annual Percentage Yield
up to $999.99 $5.00 0.05% 0.05%
$1,000.00 – 4,999.99 $5.00 0.05% 0.05%
$5,000.00 – 9,999.99 $5.00 0.05% 0.05%
$10,000.00 and over $5.00 0.10% 0.10%

*Rates are variable and may change after account is opened. Fees may reduce earnings.

Business Money Market Savings

Rates current as of August 9, 2019
ALL RATES, TERMS AND CONDITIONS SUBJECT TO CHANGE

Daily Balances of: Minimum Opening Deposit Dividend Rate Annual Percentage Yield
$1,000.00 – 9,999.99 $1,000.00 0.05% 0.05%
$10,000.00 – 24,999.99 $1,000.00 0.10% 0.10%
$25,000.00 – 199,999.99 $1,000.00 1.50% 1.51%
$200,000.00 and over $1,000.00 2.00% 2.01%

*Rates are variable and may change after account is opened. Fees may reduce earnings. Accounts with less than $1,000 will not earn dividends. Dividends compounded and paid monthly.

Business Share Certificate

Rates current as of August 9, 2019
ALL RATES, TERMS AND CONDITIONS SUBJECT TO CHANGE

Term Minimum Opening Deposit Dividend Rate Annual Percentage Yield
6 months $1,000.00 0.30% 0.30%
12 months $1,000.00 0.35% 0.35%
18 months $1,000.00 0.40% 0.40%
24 months $1,000.00 0.55% 0.55%
36 months $1,000.00 0.75% 0.75%
48 months $1,000.00 0.85% 0.85%
60 months $1,000.00 1.24% 1.25%

Fees may reduce earnings. Early withdrawal penalties may apply.


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