Burke & Herbert Bank
Welcome to the Burke & Herbert Bank Rate Center, which lists the most current rates for our deposit products. To find a rate for the account type in which you're interested, simply click on the corresponding section below.
For business owners looking for a smart savings option that delivers both strong returns and convenient access, be sure to check out the great rates on our Business Super Money Market Accounts.
|Our Business Super Money Market account features an introductory 1.75% interest rate that is guaranteed for six months from the date of account opening. After the introductory period, you will receive our standard Interest Rate/Annual Percentage Yields as shown below. Minimum Opening Deposit: $1,000.00|
To Obtain Annual
for the first
|Interest Rate||Blended Annual
|Balances to $24,999.99||$0.01||1.75%||0.10%||0.93%|
|$25,000 to $99,999.99||$25,000||1.75%||0.50%||1.14%|
|$100,000 to $249,999.99||$100,000||1.75%||1.25%||1.51%|
|$250,000 to $499,999.99||$250,000||1.75%||1.35%||1.56%|
|$500,000 to $999,999.99||$500,000||1.75%||1.50%||1.64%|
|Balances $1,000,000 and over||$1,000,000||1.75%||1.75%||1.76%|
|* The APY shown above is a blended APY calculated using the Introductory Interest Rate and the Interest Rate after the introductory period. This is a variable rate account subject to change without notice. $1,000 minimum deposit to open. $10 monthly fee if average daily balance is less than $25,000. Six transactions per monthly statement cycle; $2 fee per transaction thereafter. Fees could reduce earnings.|
This new Money Market Account joins our existing lineup of deposit products, listed below:
RATES EFFECTIVE AS OF 09/24/2018
To Obtain Annual
|30 Days||At Maturity||$500||N/A||0.25%||0.25%|
|60 Days||At Maturity||$500||N/A||0.25%||0.25%|
|90 Days||At Maturity||$500||N/A||0.25%||0.25%|
a) substantial penalty for early withdrawal.
|Last updated on: 09/06/2018|