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ONLINE CD SPECIALS

 

3 Month CD

1.16% APY

1 Year CD

1.70% APY

3 Year CD

2.02% APY

Annual Percentage Yield (APY) is accurate as of 11/17/2017 and applies to US natural persons depositing new funds into consumer accounts only. Website rates are generally updated each week. We may change the APY at any time without prior notice. Minimum opening deposit is $5000. A penalty will be imposed for early withdrawal of principal. Fees may reduce earnings. APY assumes interest earned is kept in the CD for the full term.

Deposit Services

M.Y. Safra Bank offers clients a comprehensive range of customized private banking and highly responsive business banking services. Our firm is built on the Safra tradition of care and discretion in attending to client banking needs. In today’s world, core banking products are largely commoditized. Therefore, M.Y. Safra Bank focuses on a true commitment to impeccable service and consistently flawless execution. This provides an exceptional client experience crafted to your individual financial needs. At M.Y. Safra Bank, you will feel like more than a client; you will feel like a member of the family.

We are pleased to offer a full range of core banking services:

Deposit and Transaction Services:

Personal and Business Checking Accounts - Available without interest or enhanced with highly competitive, tiered interest rates. Offers you the convenience of unlimited check writing, deposits and withdrawals, 24/7 online banking and bill payment, ATM/debit card, and an attractive rebate program for broad ATM access worldwide.

Personal and Business Money Market Deposit and Savings Accounts - Premier product offerings that ensure you will enjoy a highly competitive interest rate with ready access to cash. Our pricing philosophy is focused on providing clients with exceptional value in meeting your cash management objectives. Special rates are available for balance tiers ranging from $5,000 to $1 million and higher. Please click on Deposit Rates for our current rates.

Certificates of Deposits (CDs)Individuals and businesses can select standard CDs at competitive rates with maturities from 7 days through 5 years or more. Clients also have the flexibility to name their own maturity date as an alternative to a standard term. Special rates and maturities from 7 days are available for Jumbo ($100,000 and over) and Super Jumbo ($250,000 and over) CDs. Negotiable rates are available for deposits of more than $1 million.

Account Access Transaction and cash access to your accounts can be accomplished in whatever way is most convenient for clients – debit cards, online banking and bill pay, cash management for businesses and a flexible ATM surcharge rebate program.

Business Banking Deposit Products
  Balance to Open Avg. Monthly Balance to Waive Fee Monthly Fee Monthly Transactions Included
Business Basic $100 $5,000 $15 150
Business Analyzed $100 N/A $25 N/A1
Business Money Market $100 $5,000 $10 N/A2
Business Savings $100 $1,000 $10 N/A2

1. Business Analyzed Checking- We calculate a monthly allowance on fees charged by applying an earnings credit which is used to offset activity fees for services used.

2. The M.Y. Safra Business Money Market and Saving Account(s) allow for limited "pre authorized" withdrawals. Pre-authorized withdrawals are withdrawals made by check, debit card payment to third parties, telephone, fax and withdrawal transfers via the internet. Withdrawals or transfers initiated at an ATM are not pre-authorized, and are unlimited. Exceeding 6 pre-authorized withdrawals per monthly statement cycle will lead to a $15 per item fee on the M.Y. Safra Business Money Market and Saving Account(s). In addition to this fee the M.Y. Safra Business Money Market Account(s) may be closed or converted to an account type which is not subject to withdrawal limitations. Please see a M.Y. Safra Bank Client Representative if you have any additional questions regarding your Business Money Market and Saving Account(s).

      Fee Schedule- Business

 

Personal Banking Deposit Products
  Balance to Open Avg. Monthly Balance to Waive Fee Monthly Fee Monthly Transactions Included
Basic Checking $25 N/A $3 See Note1
Silver Checking $100 $1,5002 $10 Unlimited
Gold Checking $100 $2,5002 $15 Unlimited
Silver Savings $100 $1,0002 $5 See Note3
Platinum Money Market $100 $5,0002 $20 See Note3

1. Account holders are allowed at least 8 (eight) withdrawals per month at no additional charge. Withdrawals can include checks, ATM withdrawals and purchases using a debit card attached to the account. The Basic Checking Account is designed to meet the needs of those clients who conduct a limited number of transactions. There is no minimum monthly balance requirement, however, there is a monthly service charge of $3.00. Withdrawals can include paid checks, ATM withdrawals and point of sale (POS) purchases using a debit card attached to the account.

2. For customers enrolled in the Silver Checking Account, if the average monthly balance in the account falls below $1,500, the monthly maintenance fee may be waived if the customer completes a minimum of 1 (one) direct deposit during the statement cycle, or maintains a relationship balance equal to or greater than $25,000. For customers enrolled in the Gold Checking Account, if the average monthly balance in the account falls below $2,500, the monthly maintenance fee may be waived if the customer completes a minimum of 1 (one) direct deposit of $500 or more during the statement cycle, or maintains a relationship balance equal to or greater than $50,000. For customers enrolled in the Silver Savings Account, if the average monthly balance in the account falls below $1,000, the monthly maintenance fee may be waived if the customer  maintains a relationship balance equal to or greater than $25,000. For customers enrolled in the Platinum Money Market Account, if the average monthly balance in the account falls below $5,000, the monthly maintenance fee may be waived if the customer maintains a relationship balance equal to or greater than $100,000.

3. The M.Y. Safra Platinum Money Market and Silver Saving Account(s) allow for limited "pre authorized" withdrawals. Pre-authorized withdrawals are withdrawals made by check, debit card payment to third parties, telephone, fax and withdrawal transfers via the internet. Withdrawals or transfers initiated at an ATM are not pre-authorized, and are unlimited. Exceeding 6 pre-authorized withdrawals per monthly statement cycle will lead to a $15 per item fee on the M.Y. Safra Platinum Money Market and Silver Saving Account(s). In addition to this fee the M.Y. Safra Platinum Money Market Account(s) may be closed or converted to an account type which is not subject to withdrawal limitations. Please see a M.Y. Safra Bank Client Representative if you have any additional questions regarding your Platinum Money Market and Silver Saving Account(s).

 

Fee Schedule- Personal

Account Agreements and Disclosures for Consumers

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Account Forms:

Personal Account Opening Forms

New IRA Account Form

IRA Transfer / Rollover Form

IRA Distribution Form