Apple Valley Bank & Trust Company operates three offices in Cheshire, Southington and Wallingford, Connecticut.  The bank was founded in 2001 and offers personal and commercial banking services.  Apple Valley Bank offers local staff to help with an assortment of banking needs.  Bank products and services range from car loans and commercial construction loans to certificates of deposits and investments.

As a member of the SUM network of ATMs, bank customers won’t pay a surcharge at nearly 2,800 ATMs across the country.  In addition, with the online banking services available at Apple Valley Bank, account holders can obtain balance inquiries, perform transfers, and pay bills from an Apple Valley Bank deposit account from home or office.

Apple Valley Bank has a number of savings products including a wide variety of terms on bank CDs, all with competitive market rates.  Each bank CD has a minimum required balance of $500 to open the account and earn the Annual Percentage Yield.  Penalties may also be imposed for early withdrawal.  Fees may reduce earnings.

3 month CD has an interest rate of 1.00% APY
6 month CD yields a rate of 1.25% APY
9 month CD earns an interest rate of 1.50% APY
1 year CD rate is 1.75% APY
15 month CD has a rate of 1.75% APY
18 month CD earns a rate of 1.75% APY
2 year CD rate is 2.50% APY
3 year CD has an interest rate of2.75% APY
4 year CD yield a rate of 3.25% APY
5 year CD rate is 3.51% APY

Apple Valley Bank also offers a premium money market account that earns interest based on a tiered balance.  The money market account has a $5,000 minimum balance to open.  A service charge of $10.00 will be imposed each month or statement cycle if the average monthly balance is less than $5,000.00.

For money market balances of $5,000.00 – $49,999.99 the rate is 1.00% APY
For money market balances of $50,000.00 – $99,999.99 the interest rate is 1.50% APY
For money market balances of $100,000.00 and over the rate is 2.00% APY

Bank rates are subject to change without notice.  Bank rates posted are as of 4/17/2009 and are subject to change without notice.  Call an Apple Valley Bank representative direct toll free at 866-876-3652 for the most current CD rates and bank rates.  The website for Apple Valley Bank also promotes the current CD rates, money market rates and more.  The bank website is located at www.applevalleybank.com.

For car loan rates visit www.selectautorates.com.  For information on mortgage rates and mortgage calculators products visit www.selectcalculators.com.

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