You can apply for most of Salal’s checking, savings and certificate of deposit products using our secure online application. To apply for Youth or IRA savings and certificates, visit a branch or call 800.562.5515.
Rate = Interest Rate. APY = Annual Percentage Yield. Rates are current as of February 1st, 2023, and are subject to change at any time.
Savings Accounts
| Account | Minimum Daily Balance Requirement | Interest Rate | APY |
|---|---|---|---|
| PRIMARY SAVINGS | $100 - $2,499 | 0.01% | 0.01% |
| $2,500 - $9,999 | 0.01% | 0.01% | |
| $10,000 - $24,999 | 0.01% | 0.01% | |
| $25,000 - $49,999 | 0.03% | 0.03% | |
| $50,000 - $99,999 | 0.03% | 0.03% | |
| $100,000 + | 0.05% | 0.05% | |
| EXTRA SAVINGS | $100 - $2,499 | 0.01% | 0.01% |
| $2,500 - $9,999 | 0.01% | 0.01% | |
| $10,000 - $24,999 | 0.01% | 0.01% | |
| $25,000 - $49,999 | 0.03% | 0.03% | |
| $50,000 - $99,999 | 0.03% | 0.03% | |
| $100,000 + | 0.05% | 0.05% | |
| YOUTH SAVINGS | $5 - $2,499 | 0.01% | 0.01% |
| $2,500 - $9,999 | 0.01% | 0.01% | |
| $10,000 - $24,999 | 0.01% | 0.01% | |
| $25,000 - $49,999 | 0.03% | 0.03% | |
| $50,000 - $99,999 | 0.03% | 0.03% | |
| $100,000 + | 0.05% | 0.05% | |
| $5.00 minimum opening balance. Fees could reduce earnings on the account. | |||
Checking Accounts
| Account | Minimum Daily Balance Requirement | Interest Rate | APY |
|---|---|---|---|
| DIRECT INTEREST | $0+ | 0.03% | 0.03% |
| 50+ INTEREST | $0+ | 0.10% | 0.10% |
| PREFERRED INTEREST | $0 - $2,499.99 | 0.03% | 0.03% |
| $2,500+ | 0.10% | 0.10% | |
| $25.00 minimum opening balance. Fees could reduce earnings on the account. | |||
Premium Plus Money Market
| Minimum Daily Balance Requirement | Interest Rate | APY |
|---|---|---|
| $2,500 - $9,999 | 0.25% | 0.25% |
| $10,000 - $24,999 | 0.30% | 0.30% |
| $25,000 - $49,999 | 0.40% | 0.40% |
| $50,000 - $99,999 | 0.50% | 0.50% |
| $100,000+ | 0.55% | 0.55% |
| $2,500 minimum opening balance. Fees could reduce earnings on the account. | ||
Certificates of Deposit
| Minimum Daily Balance Requirement | w/ Salal Rewards Points* | w/o Salal Rewards Points | |||
|---|---|---|---|---|---|
| Terms | Rate | APY | Rate | APY | |
| 6 mo. | $1,000–$2,499 | 0.30% | 0.30% | 0.05% | 0.05% |
| $2,500–$9,999 | 0.30% | 0.30% | 0.05% | 0.05% | |
| $10,000–$24,999 | 0.30% | 0.30% | 0.05% | 0.05% | |
| $25,000–$49,999 | 0.30% | 0.30% | 0.05% | 0.05% | |
| $50,000–$99,999 | 0.35% | 0.35% | 0.10% | 0.10% | |
| $100,000+ | 0.35% | 0.35% | 0.10% | 0.10% | |
| 9 mo. | $1,000–$2,499 | 0.35% | 0.35% | 0.10% | 0.10% |
| $2,500–$9,999 | 0.40% | 0.40% | 0.15% | 0.15% | |
| $10,000–$24,999 | 0.45% | 0.45% | 0.20% | 0.20% | |
| $25,000–$49,999 | 0.50% | 0.50% | 0.25% | 0.25% | |
| $50,000–$99,999 | 0.55% | 0.55% | 0.30% | 0.30% | |
| $100,000+ | 0.60% | 0.60% | 0.35% | 0.35% | |
| 12 mo. | $1,000–$2,499 | 0.60% | 0.60% | 0.35% | 0.35% |
| $2,500–$9,999 | 0.65% | 0.65% | 0.40% | 0.40% | |
| $10,000–$24,999 | 0.70% | 0.70% | 0.45% | 0.45% | |
| $25,000–$49,999 | 0.75% | 0.75% | 0.50% | 0.50% | |
| $50,000–$99,999 | 0.80% | 0.80% | 0.55% | 0.55% | |
| $100,000+ | 0.85% | 0.85% | 0.60% | 0.60% | |
| 18 mo. | $1,000–$2,499 | 0.40% | 0.40% | 0.15% | 0.15% |
| $2,500–$9,999 | 0.40% | 0.40% | 0.15% | 0.15% | |
| $10,000–$24,999 | 0.40% | 0.40% | 0.15% | 0.15% | |
| $25,000–$49,999 | 0.45% | 0.45% | 0.20% | 0.20% | |
| $50,000–$99,999 | 0.50% | 0.50% | 0.25% | 0.25% | |
| $100,000+ | 0.50% | 0.50% | 0.25% | 0.25% | |
| 24 mo. | $1,000–$2,499 | 0.40% | 0.40% | 0.15% | 0.15% |
| $2,500–$9,999 | 0.40% | 0.40% | 0.15% | 0.15% | |
| $10,000–$24,999 | 0.40% | 0.40% | 0.15% | 0.15% | |
| $25,000–$49,999 | 0.45% | 0.45% | 0.20% | 0.20% | |
| $50,000–$99,999 | 0.50% | 0.50% | 0.25% | 0.25% | |
| $100,000+ | 0.50% | 0.50% | 0.25% | 0.25% | |
| 30 mo. | $1,000–$2,499 | 0.40% | 0.40% | 0.15% | 0.15% |
| $2,500–$9,999 | 0.40% | 0.40% | 0.15% | 0.15% | |
| $10,000–$24,999 | 0.40% | 0.40% | 0.15% | 0.15% | |
| $25,000–$49,999 | 0.45% | 0.45% | 0.20% | 0.20% | |
| $50,000–$99,999 | 0.50% | 0.50% | 0.25% | 0.25% | |
| $100,000+ | 0.50% | 0.50% | 0.25% | 0.25% | |
| 36 mo. | $1,000–$2,499 | 0.45% | 0.45% | 0.20% | 0.20% |
| $2,500–$9,999 | 0.45% | 0.45% | 0.20% | 0.20% | |
| $10,000–$24,999 | 0.45% | 0.45% | 0.20% | 0.20% | |
| $25,000–$49,999 | 0.50% | 0.50% | 0.25% | 0.25% | |
| $50,000–$99,999 | 0.55% | 0.55% | 0.30% | 0.30% | |
| $100,000+ | 0.55% | 0.55% | 0.30% | 0.30% | |
| 48 mo. | $1,000–$2,499 | 0.50% | 0.50% | 0.25% | 0.25% |
| $2,500–$9,999 | 0.50% | 0.50% | 0.25% | 0.25% | |
| $10,000–$24,999 | 0.50% | 0.50% | 0.25% | 0.25% | |
| $25,000–$49,999 | 0.55% | 0.55% | 0.30% | 0.30% | |
| $50,000–$99,999 | 0.60% | 0.60% | 0.35% | 0.35% | |
| $100,000+ | 0.60% | 0.60% | 0.35% | 0.35% | |
| $1,000 minimum opening balance. A penalty may be imposed for early withdrawal. Fees could reduce earnings on the account. *2,500 Salal Rewards Points must be redeemed at time of application or request to receive the 0.25% increase. | |||||
Choice Certificate
| Term | Minimum Daily Balance Requirement | Rate | APY |
|---|---|---|---|
| 6 MONTHS | $500 - $999 | 0.05% | 0.05% |
| $1,000 - $9,999 | 0.05% | 0.05% | |
| $10,000 - $24,999 | 0.05% | 0.05% | |
| $25,000 - $49,999 | 0.05% | 0.05% | |
| $50,000 - $99,999 | 0.10% | 0.10% | |
| JUMBO ($100,000+) | 0.10% | 0.10% | |
| $500 minimum opening balance. A penalty may be imposed for early withdrawal. Fees could reduce earnings on the account. | |||
Youth Certificate
| Term | Minimum Daily Balance Requirement | Rate | APY |
|---|---|---|---|
| 24 MONTHS | $100 - $999 | 0.15% | 0.15% |
| $1,000 - $9,999 | 0.15% | 0.15% | |
| $10,000 - $24,999 | 0.15% | 0.15% | |
| $25,000 - $49,999 | 0.20% | 0.20% | |
| $50,000 - $99,999 | 0.25% | 0.25% | |
| JUMBO ($100,000+) | 0.25% | 0.25% | |
| $100 minimum opening balance. A penalty may be imposed for early withdrawal. Fees could reduce earnings on the account. | |||
IRA Savings
| Minimum Daily Balance Requirement | Interest Rate | APY |
|---|---|---|
| $100 - $2,499 | 0.01% | 0.01% |
| $2,500 - $9,999 | 0.01% | 0.01% |
| $10,000 - $24,999 | 0.01% | 0.01% |
| $25,000 - $49,999 | 0.03% | 0.03% |
| $50,000 - $99,999 | 0.03% | 0.03% |
| $100,000+ | 0.05% | 0.05% |
| No minimum balance required. Fees could reduce earnings on the account. | ||
IRA Certificates of Deposit
| Minimum Daily Balance Requirement | w/ Salal Rewards Points* | w/o Salal Rewards Points | |||
|---|---|---|---|---|---|
| Terms | Rate | APY | Rate | APY | |
| 6 mo.** | $1,000–$2,499 | N/A | N/A | 3.44% | 3.50% |
| $2,500–$9,999 | N/A | N/A | 3.44% | 3.50% | |
| $10,000–$24,999 | N/A | N/A | 3.44% | 3.50% | |
| $25,000–$49,999 | N/A | N/A | 3.44% | 3.50% | |
| $50,000–$99,999 | N/A | N/A | 3.44% | 3.50% | |
| $100,000+ | N/A | N/A | 3.44% | 3.50% | |
| 9 mo. | $1,000–$2,499 | 0.35% | 0.35% | 0.10% | 0.10% |
| $2,500–$9,999 | 0.40% | 0.40% | 0.15% | 0.15% | |
| $10,000–$24,999 | 0.45% | 0.45% | 0.20% | 0.20% | |
| $25,000–$49,999 | 0.50% | 0.50% | 0.25% | 0.25% | |
| $50,000–$99,999 | 0.55% | 0.55% | 0.30% | 0.30% | |
| $100,000+ | 0.60% | 0.60% | 0.35% | 0.35% | |
| 12 mo.** | $1,000–$2,499 | N/A | N/A | 4.17% | 4.25% |
| $2,500–$9,999 | N/A | N/A | 4.17% | 4.25% | |
| $10,000–$24,999 | N/A | N/A | 4.17% | 4.25% | |
| $25,000–$49,999 | N/A | N/A | 4.17% | 4.25% | |
| $50,000–$99,999 | N/A | N/A | 4.17% | 4.25% | |
| $100,000+ | N/A | N/A | 4.17% | 4.25% | |
| 18 mo. | $1,000–$2,499 | 0.40% | 0.40% | 0.15% | 0.15% |
| $2,500–$9,999 | 0.40% | 0.40% | 0.15% | 0.15% | |
| $10,000–$24,999 | 0.40% | 0.40% | 0.15% | 0.15% | |
| $25,000–$49,999 | 0.45% | 0.45% | 0.20% | 0.20% | |
| $50,000–$99,999 | 0.50% | 0.50% | 0.25% | 0.25% | |
| $100,000+ | 0.50% | 0.50% | 0.25% | 0.25% | |
| 24 mo. | $1,000–$2,499 | 0.40% | 0.40% | 0.15% | 0.15% |
| $2,500–$9,999 | 0.40% | 0.40% | 0.15% | 0.15% | |
| $10,000–$24,999 | 0.40% | 0.40% | 0.15% | 0.15% | |
| $25,000–$49,999 | 0.45% | 0.45% | 0.20% | 0.20% | |
| $50,000–$99,999 | 0.50% | 0.50% | 0.25% | 0.25% | |
| $100,000+ | 0.50% | 0.50% | 0.25% | 0.25% | |
| 30 mo. | $1,000–$2,499 | 0.40% | 0.40% | 0.15% | 0.15% |
| $2,500–$9,999 | 0.40% | 0.40% | 0.15% | 0.15% | |
| $10,000–$24,999 | 0.40% | 0.40% | 0.15% | 0.15% | |
| $25,000–$49,999 | 0.45% | 0.45% | 0.20% | 0.20% | |
| $50,000–$99,999 | 0.50% | 0.50% | 0.25% | 0.25% | |
| $100,000+ | 0.50% | 0.50% | 0.25% | 0.25% | |
| 36 mo. | $1,000–$2,499 | 0.45% | 0.45% | 0.20% | 0.20% |
| $2,500–$9,999 | 0.45% | 0.45% | 0.20% | 0.20% | |
| $10,000–$24,999 | 0.45% | 0.45% | 0.20% | 0.20% | |
| $25,000–$49,999 | 0.50% | 0.50% | 0.25% | 0.25% | |
| $50,000–$99,999 | 0.55% | 0.55% | 0.30% | 0.30% | |
| $100,000+ | 0.55% | 0.55% | 0.30% | 0.30% | |
| 48 mo. | $1,000–$2,499 | 0.50% | 0.50% | 0.25% | 0.25% |
| $2,500–$9,999 | 0.50% | 0.50% | 0.25% | 0.25% | |
| $10,000–$24,999 | 0.50% | 0.50% | 0.25% | 0.25% | |
| $25,000–$49,999 | 0.55% | 0.55% | 0.30% | 0.30% | |
| $50,000–$99,999 | 0.60% | 0.60% | 0.35% | 0.35% | |
| $100,000+ | 0.60% | 0.60% | 0.35% | 0.35% | |
| These certificates may be used for Roth, Traditional, or Education IRA accounts. A penalty may be imposed for early withdrawal. $1,000 minimum opening balance. Interest is compounded and credited monthly. Fees could reduce earnings on the account. *2,500 Salal Rewards Points must be redeemed at time of application or request to receive the 0.25% increase. **6-month and 12-month IRA CDs are not eligible for Salal Rewards Points. | |||||